OpenAI's annualized revenue surpassed $3.4B, Apple briefly reclaimed the title of the world's most valuable company with a market cap of $3.3 trillion, Oracle announced a cloud infrastructure deal with Microsoft and OpenAI, Pope Francis will attend the G7 summit to advocate for AI regulations, over 80% of U.S. business owners plan to maintain or increase AI investments in 2024, and several AI startups, including Mistral AI and Cohere, secured significant funding rounds.
Apple's stock hit a record high following the announcement of its AI platform, Apple Intelligence, while Elon Musk withdrew his lawsuit against OpenAI, and France's Mistral AI raised $640M in funding, valuing the startup at $6.2B.
Apple announced "Apple Intelligence" with AI features and a partnership with OpenAI for iOS, iPadOS, and macOS; Elon Musk threatened to ban Apple devices at his companies over privacy concerns; Meta plans to use public social media posts from European users to train its AI models despite EU privacy laws; and Italian AI startup iGenius aims to raise €650M at a €1.7B valuation.
Apple is set to unveil new AI features called "Apple Intelligence" at its Worldwide Developers Conference, Microsoft will make its "Recall" feature opt-in to address privacy concerns, the tech industry opposes a California bill requiring AI safety tests and kill switches, Google is tightening guidelines on AI apps to prevent the generation of sexual and violent content, and a study found that OpenAI’s ChatGPT and Google’s Gemini answered election questions correctly only 73% of the time.
The U.S. FTC and DOJ have agreed to split antitrust investigations into Microsoft, OpenAI, and Nvidia, Humane is in talks to sell to HP after poor reviews of its AI Pin, NewsBreak has published numerous false AI-generated stories, a Reuters Institute report shows a preference for human journalists over AI in news, and Meta will test an AI assistant for businesses on WhatsApp.
Nvidia's market cap surpassed $3 trillion, making it the world's second most valuable company, while U.S. Treasury Secretary Janet Yellen highlighted AI's benefits and risks for financial firms, Elon Musk's xAI plans to build the world's largest supercomputer in Memphis, and Spark Capital led an $80M funding round in AI video-generation startup Pika.
Intel unveiled its latest AI chips for data centers and upcoming Lunar Lake processors, insiders from top AI firms signed an open letter urging more AI transparency, Elon Musk redirected Nvidia AI chips from Tesla to his companies X Corp. and xAI Corp., Canadian LLM startup Cohere secured $450M in funding, and Cisco Systems announced a $1B fund to invest in AI startups.
AMD is challenging Nvidia's dominance in the AI chip market with new AI chips for data centers and PCs, Microsoft is investing $3.2B to expand its AI and cloud infrastructure in Sweden, social media platform X has updated its policy to allow AI-generated pornography, a survey reveals only 4% of young Americans use generative AI daily, and the world's first virtual human pageant, Miss AI, announced its top 10 AI-generated finalists.
AI-generated images related to the Israel-Hamas conflict are spreading on social media, the Tribeca Festival will premiere short films made with OpenAI's Sora model, Saudi Aramco's venture fund invested $400M in Chinese AI startup Zhipu AI, and Dell's shares fell due to concerns over the profitability of its AI-optimized servers.
Google has improved its AI-generated search answers to address misinformation, OpenAI thwarted five foreign influence operations using AI, Apple plans to enhance Siri with advanced AI by 2025, a survey reveals nearly 80% of Americans expect AI abuses to impact the presidential election, and Salesforce shares fell 20% due to record-low sales growth and AI competition concerns.
Former OpenAI director Helen Toner revealed internal issues leading to Sam Altman's firing, French AI startup Mistral AI launched its first code-generating model, PwC will resell OpenAI's ChatGPT Enterprise, data centers' electricity consumption could rise significantly due to AI, Meta removed accounts linked to global influence campaigns using AI-generated content, and Elon Musk's xAI raised $6B in Series B funding.
OpenAI has formed a new Safety and Security Committee to review and improve its processes, started training its latest flagship AI model aiming for AGI, and ChatGPT remains the most recognized generative AI tool in six surveyed countries, while Google announced new AI features for Chromebook Plus laptops.
Apple is set to enhance its devices with practical AI tools at WWDC, Elon Musk's AI company xAI secures $6B in funding, Google addresses misinformation in its AI Overviews, the market for autonomous AI agents is projected to grow significantly by 2028, and SoftBank commits nearly $9B annually to AI investments.
Google's AI Overviews in its search engine have been generating false responses, Meta and Elon Musk's xAI are competing to partner with Character.ai, AI and ML venture capital funding reached $21.6B in Q1 2024, China announced an AI chatbot trained on President Xi Jinping's ideology, and Meta plans to introduce a paid version of its AI assistant.
Scarlett Johansson's legal team contacted OpenAI over the alleged imitation of her voice in ChatGPT's "Sky" voice, a Democratic political consultant faces felony charges for AI-generated robocalls impersonating President Joe Biden, and major tech companies like Meta and Google are negotiating with Hollywood studios to license content for AI video-generation platforms.
Nvidia's fiscal Q1 earnings surpassed expectations with a revenue of $26.04B, driven by record sales of its advanced GPUs to AI companies, while the UK's data watchdog investigates Microsoft's new "Recall" feature for privacy concerns, and the FCC proposes a rule to disclose AI-generated content in political ads.
Scale AI's $1B funding round values the company at $13.8B, the EU approves the world's first comprehensive AI Act, Google introduces ads in AI-generated search summaries, Microsoft announces new AI features at its Build conference, and a PwC report shows AI skills command higher salaries across major labor markets.
Microsoft introduces "Copilot+ PCs" with local AI capabilities, OpenAI pauses a ChatGPT voice resembling Scarlett Johansson, Colorado mandates disclosure for high-risk AI systems, and the U.K.'s AI Safety Institute plans to open its first foreign office in San Francisco.
OpenAI disbands its superalignment team amid leadership resignations and concerns over AI safety priorities, Gannett introduces AI-generated summaries for news articles, Microsoft partners with AMD to offer an alternative to Nvidia's GPUs in the cloud AI chip market, CoreWeave secures $7.5B in debt financing for cloud data center expansion, and European lawmakers investigate Meta for not adequately protecting children from harmful content on Instagram and Facebook.
OpenAI executives Jan Leike and Ilya Sutskever resigned from their roles in the superalignment team, OpenAI partnered with Reddit to enhance AI understanding of social content, Stability AI discussed a sale amid financial struggles, Microsoft offered to relocate hundreds of China-based AI employees due to U.S.-China tensions, IBM and Palo Alto Networks formed a partnership for AI-powered security services, and GrubMarket acquired AI SaaS provider Butter to digitize food distribution.