Musk's OpenAI e-mails, Gentrace's $8M for AI Testing, and U.S. AI Chip Gatekeepers

Hi there,

Elon Musk's proposal to transform OpenAI into a for-profit entity in 2017, leading to his departure and the creation of xAI, resurfaces amidst industry discussions. Meanwhile, Gentrace secures $8M to improve generative AI testing, and the U.S. names Google and Microsoft as AI chip access gatekeepers to bolster national security. Here's the latest in AI innovation and policy.

Today’s top stories

Elon Musk's Push for OpenAI to Become a For-Profit Entity

OpenAI released another set of e-mails in resonse to Musk's lawsuit. Elon Musk's proposal for OpenAI to transition from a nonprofit to a for-profit model in 2017 was met with resistance, leading to his departure from the organization and the eventual establishment of his own AI company, xAI, in 2023. Read more

Gentrace Secures $8 Million to Enhance Generative AI Testing

Gentrace has raised $8 million in Series A funding to improve testing tools for generative AI, launching a new tool called Experiments for easier and more collaborative testing of large language models. Read more

BIS Paper Examines AI Risks and Regulatory Focus in Financial Sector

The Bank for International Settlement’s Financial Stability Institute released a paper highlighting AI's potential effects in finance, emphasizing existing risks and the need for enhanced regulatory focus in areas like governance and model risk management. Read more

US Designates Google and Microsoft as AI Chip Access Gatekeepers

The US government is assigning Google and Microsoft to oversee access to AI chips, aiming to prevent China from acquiring advanced technology. While allied nations like Japan and the Netherlands are exempt, the rules focus on national security and are still in draft form. Read more

And of course, today’s AI news is right below the AI Spotlight. If you are reading this and you are not already subscribed, here’s the link.

Other stories

• Hyro Secures $15 Million to Enhance AI Solutions for Healthcare

• eyva.ai Secures €2.7 Million Seed Funding to Enhance AI-Driven Product Development in Beauty Industry

• OpenAI Whistleblower Found Dead at 26 in San Francisco

• AI Assists Telegram in Removing 15 Million Suspect Groups and Channels

• Google Launches NotebookLM Plus for Enterprises with Enhanced Privacy and Security

• OpenAI Attributes Major ChatGPT Outage to Telemetry Service Issue

• Broadcom Plans AI Supercomputers with One Million GPUs by 2027

• Character AI Introduces New Safety Tools for Teens Amid Legal Challenges

• Meta Introduces Meta Video Seal for Watermarking AI-Generated Videos

• Texas Attorney General Investigates Character.AI and Other Platforms for Child Safety and Privacy Concerns

• Refute Raises £2.3 Million to Combat AI-Driven Disinformation

• Google Unveils Agentspace to Enhance Enterprise Workflows

• U.S. Plans New AI Chip Sales Restrictions to Limit China's Access

• Leading AI Companies Score Poorly on AI Safety Metrics

• Indian Government Considers New Law to Regulate Artificial Intelligence

• Chevron Plans to Supply Lower Carbon Power to Data Centers

As always, thanks for your support. Knowing you are reading this is the reason we make this newsletter. Make sure to follow us on LinkedIn, X and Bluesky. We have also recently launched a LinkedIn page on the topic of AI Safety & Regulation, so make sure to follow us there as well.

See you tomorrow in another AI Brief!