AI Voice Cloning Bypasses Bank Security, Meta's $10B Cable, and Canadian Media Sue OpenAI

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This edition highlights a startling experiment where AI voice cloning bypassed bank security, raising concerns for institutions like Santander. Canadian media companies are suing OpenAI for alleged copyright violations, while Meta plans a $10 billion global subsea cable to enhance its infrastructure. Meanwhile, Boosted.ai secures $15 million to advance AI in wealth management, and Big Tech's AI spending is forecasted to surpass $240 billion in 2024.

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Today’s top stories

AI Voice Cloning Technology Bypasses Bank Security Systems

A recent experiment has shown that AI-generated voice clones can successfully trick bank security systems, posing new challenges for institutions like Santander and Halifax. Read more

Canadian Media Companies Sue OpenAI for Copyright Infringement

A group of Canadian media companies, including the Toronto Star and CBC, have filed a lawsuit against OpenAI, alleging copyright infringement due to the use of their content to train ChatGPT without permission. Read more

Artists Accuse OpenAI of Exploiting Their Work in Sora Video Generator Testing

A group of artists claims OpenAI used their work without permission during the testing phase of the Sora video generator, prompting criticism over the management of the early access program. Read more

Boosted.ai Secures $15M to Expand AI Platform for Wealth Management

Boosted.ai has raised $15 million in a funding round led by Fidelity Investments Canada to enhance its AI platform, Alfa, and expand its reach among wealth managers in the US and Canada. Read more

Big Tech's AI Spending Projected to Surpass $240 Billion in 2024

Major tech companies are expected to significantly increase their AI investments, with spending projected to reach $240 billion in 2024, driven by rising demand for AI infrastructure and services. Read more

Australian Inquiry Criticizes Amazon, Google, and Meta Over AI Data Use

An Australian inquiry has criticized Amazon, Google, and Meta for their unclear use of Australian data to train AI, leading to calls for new legislation to protect creative workers and ensure transparency. Read more

Meta Plans $10 Billion Global Subsea Cable Project

Meta is planning to construct a $10 billion subsea cable that will encircle the globe, enhancing its infrastructure for platforms like Facebook, Instagram, and WhatsApp. The ambitious project aims to improve service quality worldwide and is still in the early stages, with more details expected by 2025. Read more

We continue with more stories below the AI Spotlight 👇

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• Pyramid Analytics Secures $50M Financing from BlackRock

• OpenAI Enhances AI Safety with Advanced Red Teaming Methods

• Google and IBM Leverage AI for Enhanced Weather Forecasting

• Nvidia Dominates Top500 Supercomputers with AI and Hopper GPUs

• Lizcore Raises €600,000 for Indoor Climbing Safety Innovations

• Study Reveals ChatGPT's Citations Are Often Unreliable

• Vente AI Secures £500,000 Pre-Seed Funding to Enhance Recruitment Automation

• Italy's Data Protection Watchdog Warns GEDI on Data Sharing with OpenAI

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