Emmett Shear's AI Venture, OpenAI's o3 Series, and Italy's Fines OpenAI €15M

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Today's AI news highlights former Twitch CEO Emmett Shear's new startup Stem AI with a16z support, OpenAI's unveiling of its o3 model series nearing AGI, and Italy's €15 million fine for OpenAI over privacy violations. Also featured are new AI tools from Instagram, Google's experimental Gemini 2.0 model, and Alberta's $100 billion plan for AI data centers. Dive into the latest from the fast-paced AI ecosystem!

Today’s top stories

Ex-Twitch CEO Emmett Shear Founding AI Startup Stem AI with a16z Backing

Emmett Shear, former CEO of Twitch, has co-founded an AI startup called Stem AI, which is backed by Andreessen Horowitz. The company, operating in stealth since June 2023, aims to create AI software aligned with human values. Read more

Italy Fines OpenAI €15 Million for Privacy Rules Breach

The Italian privacy authority, Garante, has fined OpenAI €15 million following an investigation into the use of personal data in ChatGPT, citing non-compliance with EU data privacy laws. Read more

OpenAI Unveils New o3 Model Series Approaching AGI

OpenAI has introduced the o3 model series, including o3 and o3-mini, on the final day of their 'shipmas' event. The o3 series is reported to approach artificial general intelligence in certain conditions and features innovations like 'deliberative alignment' to enhance safety and self-fact-checking capabilities. Read more

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Other stories

• Justt Secures $30 Million in Series C Funding for Global Expansion and AI Enhancement

• Stripe CFO Joins Board of AI Start-up Vercel

• FuriosaAI Advances AI Solutions with New Chip and Leadership Expansion

• U.S. Treasury Releases Report on AI in Financial Services

• Boon Secures $20.5 Million to Advance AI Fleet Management Tools

• Mindgard Secures $8 Million to Combat AI Threats with DAST-AI

• Instagram to Launch AI Tools for Video Editing with Text Prompts

• Google Unveils Experimental Reasoning AI Model Gemini 2.0

• Second Draft of General-Purpose AI Code of Practice Released

• Micron Technology Reports Record Revenue in Q1 2025 Amid Strong AI Demand

• OpenAI Prepares o3 Reasoning Model Update Amid Naming Conflict

• Backflip Inc. Secures $30 Million for AI-Powered 3D Modeling

• Hong Kong Issues Policy on Responsible AI Use in Financial Market

• Kurrent Secures $12 Million Funding and Launches Enterprise Edition

• Governor Healey Launches Massachusetts AI Hub to Boost Global AI Innovation

• Roadzen's drivebuddyAI Partners with Bosch to Enhance Road Safety

• Visa Completes Acquisition of AI Company Featurespace

• Salute Appoints Clarence Philipneri as Chief Financial Officer

• AGM Group and Nowlit Partner to Boost High-Performance Computing in Canada

• Biden Administration to Allow AI Data Centers on Federal Lands

• Alberta Plans $100 Billion AI Data Centres, Raising Emissions Concerns

• LeMaterial: Open-Source Initiative by Entalpic and Hugging Face for Materials Research

• NVIDIA Launches Jetson Orin Nano Super Developer Kit for Edge AI Applications

• House Budget Committee Releases First CBO Report on AI's Economic Impacts

• Google Proposes Changes to Default Search Engine Agreements Amid Antitrust Ruling

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