🗞 OpenAI Bolsters Global Affairs Team as AI Regulation Looms 🌍

🔎 The Latest on the AI Frontier:

• OpenAI Expands Global Affairs Team Amid Growing Regulatory Scrutiny 🌍

• OpenAI Partners with Oracle for Enhanced Compute Capacity 🤝

• Indian Techie's Instagram Message Leads to Exclusive Meetup with OpenAI CEO 🎯

• LinkedIn Launches Suite of AI-Powered Services for Job Seekers and Learners 🤖

• Luma AI's Dream Machine Offers Free AI-Generated Video Clips 🎥

• Oracle Stock Soars on Strong AI Demand and Partnerships with Google and OpenAI 📈

• BofA Analyst Sees Potential in Google's AI Integration with Apple's iOS 🌟

• Report: US Falling Behind China in AI Development, Risking "Unwinnable" Conflict 🚨

🌍 OpenAI expands its global affairs team to 50 members by year's end, up from just three at the start of 2023, as the AI industry faces increasing regulatory oversight. Read More

• The company aims to ensure that artificial general intelligence (AGI) benefits all of humanity, rather than focusing solely on maximizing profits or quashing regulations.

• Despite the expansion, OpenAI still trails rivals like Google and Meta in terms of government outreach, spending only $340,000 on engaging with the American government in Q1 2024 compared to $3.1 million and $7.6 million, respectively.

• The move comes amidst potential antitrust investigations from U.S. regulators, drawing parallels to the scrutiny faced by Big Tech companies in recent years.

🤝 OpenAI partners with Oracle to leverage its infrastructure for additional compute capacity, while maintaining its strategic relationship with Microsoft. Read More

• OpenAI will use the Microsoft Azure AI platform on Oracle's infrastructure to scale its services and meet growing demand.

• The partnership enables OpenAI to use Oracle's chips for inference and other needs, while pre-training of frontier models continues on supercomputers built with Microsoft.

• The deal highlights OpenAI's need for more compute power to prevent future outages and keep pace with demand, despite Microsoft's $13 billion investment and exclusive commercial licensing rights.

🎯 Indian techie reveals how he secured an invite to an exclusive interaction with OpenAI CEO Sam Altman by simply messaging him on Instagram. Read More

• Punit Palial's friend, Ishan Goswami, messaged Altman before his visit to India last year, and Altman responded positively, inviting them to an event at IIIT-Delhi.

• Palial and Goswami followed Altman on Instagram years ago when he had a public account with fewer followers, increasing their chances of getting a reply.

• During the Developers Roundtable Conference at IIIT-D, Altman welcomed ideas, opinions, and criticism of OpenAI's products, acknowledging ChatGPT's "hallucination problem."

🤖 LinkedIn unveiled a suite of new AI-driven services to boost user engagement, including tools for job hunting, personalized learning, and enhanced search capabilities. Read More

• The company has been integrating AI into its products since 2007, but the current focus is on leveraging generative AI to assist users with human-centric tasks, such as writing job applications and cover letters.

• LinkedIn Learning is experiencing a 160% increase in traffic for AI-related courses compared to last year, and the platform is introducing AI-powered expert advice for Premium subscribers, offering personalized responses from well-known instructors.

• The platform is also revamping its search experience with more conversational search options, aiming to provide users with more complete answers to their queries, alongside expanding the availability of Recruiter 2024 and introducing enhanced premium company pages for small businesses.

🎥 A new AI-powered text-to-video tool called Dream Machine, developed by Luma AI, is now available for free, offering a glimpse into the future of generative video. Read More

• Dream Machine allows users to create 5-second video clips at 1360x752 resolution by simply entering a text prompt, with a free tier offering 30 generations per month.

• While the service is currently experiencing high demand, resulting in longer processing times, the generated videos are impressive and align closely with the input prompts.

• Although Dream Machine has technical limitations in handling text and motion, it provides a taste of the more advanced and expensive AI video generators to come, such as OpenAI's Sora and Kling AI.

📈 Oracle's stock surges 13% following strong Q4 results, driven by AI demand and new partnerships with Google and OpenAI. Read More

• Oracle reported $98 billion in remaining performance obligations (RPO), primarily attributed to demand for its cloud services to train AI models.

• The company announced partnerships with Microsoft-backed OpenAI to provide additional computing capacity and with Google to bring its database to Google Cloud.

• Despite missing some key metrics, analysts believe the AI narrative is powerful enough to lift sentiment and sustain momentum in Oracle's shares, as investors look to vendors participating in the build-out of GenAI infrastructure.

🌟 Bank of America analyst Justin Post maintains a Buy rating on Alphabet, noting potential for Google's AI integration with Apple's iOS and ongoing expense management. Read More

• Apple's WWDC revealed new AI features and a ChatGPT partnership, with future support for models like Google's Gemini or Anthropic, potentially mitigating concerns about the impact on Alphabet's stock.

• Post believes that expanding Gemini integration across the Google ecosystem and broader AI rollouts could drive higher search usage and ad spend, while Google's ongoing expense focus presents opportunities for margin and EPS upside in 2024.

• However, new technology partnerships for iOS remain an ongoing concern for Google's long-term competitive moat, with fears potentially escalating if OpenAI launches a search product in the second half of 2024.

🚨 A new report from Govini reveals that the US is falling further behind China in the development of artificial intelligence (AI), potentially making a conflict with China "unwinnable." Read More

• The US is under-investing in practical AI capabilities while remaining stagnant in the research and development stage, with most AI programs still not production-ready.

• China has more patents than the US in 13 of 15 critical technology areas, indicating its growing technological dominance and potential to weaponize AI against the US in both kinetic and non-kinetic ways.

• The report also highlights the risk of parts scarcity in major DoD programs, exacerbated by China's strong presence in US government supply chains, particularly in the Department of the Air Force.

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