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AI news stories
The Federal Trade Commission (FTC), under Chair Lina Khan, has initiated a comprehensive market inquiry into the artificial intelligence sector, targeting major firms like Amazon, Alphabet, Microsoft, Anthropic, and OpenAI. This investigation, known as a 6(b) study, empowers the FTC to examine these companies' investments, partnerships, and business practices in depth, separate from its law enforcement activities. The inquiry is part of the FTC's broader effort to ensure AI development and deployment comply with existing laws, aiming to foster competition, prevent deceptive practices, and shed light on potentially restrictive business models within the AI industry.
Alphabet Inc's cloud computing division partnered with AI startup Hugging Face to facilitate AI software development on Google Cloud, addressing the growing demand for customized AI solutions among businesses. This collaboration allows developers to utilize Google Cloud infrastructure and Hugging Face's extensive open-source AI resources, including models and datasets. The partnership, which includes a revenue-sharing agreement, aims to meet the increasing interest in creating or modifying AI models, with Hugging Face's repository set to double in size shortly due to high demand.
OpenAI has reduced the API access prices for its models, notably halving the input cost and reducing the output cost by 25% for GPT-3.5 Turbo, responding to the competitive market and advancements in model efficiency. The company introduced new model versions, including GPT-3.5 Turbo 0125 with unspecified improvements and GPT-4 Turbo 0125, addressing "laziness" in task completion and enhancing code generation capabilities. Additionally, OpenAI launched new text embedding models and updated its free moderation API, indicating continuous advancements and support for developers and users.
PayPal is launching new AI-driven products and a one-click checkout feature to rejuvenate the company and its share price, as part of the first significant initiative under new CEO Alex Chriss. The move aims to capitalize on the growing investor interest in AI, with PayPal planning to leverage its extensive transaction data to offer personalized merchant services and improve customer experiences. Despite these efforts, PayPal's shares fell as analysts perceive these innovations as expected developments rather than groundbreaking, amidst a broader AI-driven rally in tech stocks.
X, has been inundated with sexually explicit AI-generated images of Taylor Swift, sparking widespread concern and criticism. Despite X's policies against such content, many posts remained live, with one garnering over 45 million views before removal. Swift's fans have countered by flooding the platform with genuine content to obscure the offensive material, highlighting the ongoing struggle of social media platforms to manage the spread of AI-generated fake pornography.