California Governor Vetoes AI Bill 🍭

Apple pulls out of OpenAI funding, Meta sued again, and more...

Today’s Menu 🥠

  • Governor Newsom Vetoes California AI Safety Bill

  • Apple Faces Legal Deadline in Epic Lawsuit

  • OpenAI Transitioning To Conventional Tech Company

  • Everything Else You Need To Know

Read Time: 3 minutes

Fast Snacks 🥡

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Apple Pulls Out Of Latest OpenAI Funding Round
Apple has unexpectedly withdrawn from OpenAI's historic $6.5 billion funding round, just as the company was preparing to finalize the investment next week…

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Real-time transcription by Speechmatics delivers 25% fewer errors than competitors at <1-second latency. Try it today in 50+ languages…

California Leadership
Governor Newsom Vetoes California AI Safety Bill

California Governor Gavin Newsom vetoed SB 1047, a bill aimed at requiring AI companies to implement security measures for public protection.

Newsom cited concerns over the bill's broadness and potential to stifle AI innovation. The bill, which would have affected AI models costing over $100 million to train, faced opposition from tech giants like Meta and support from Hollywood names and unions such as SAG-AFTRA.

Newsom acknowledged the need for AI safety regulations but criticized the bill for not being informed by enough empirical data.

A Few Years Later…
Apple Faces Legal Deadline in Epic Lawsuit

Apple has been ordered to produce 1.3 million documents by September 30th, 2024 [aka today], as part of its ongoing legal battle with Epic Games.

The documents pertain to Apple’s decision-making process regarding changes to the App Store, following a court ruling in 2021. Magistrate Judge Thomas S. Hixson denied Apple’s last-minute request for more time, calling it "bad behavior."

Hixson asserted that Apple has the resources to meet the deadline, despite the company's claims of needing more time to review the documents.

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Is This Legal?
OpenAI Transitioning To A Conventional Tech Company

OpenAI, once a nonprofit AI research lab, is evolving into a more typical tech company as it nears a $150 billion valuation.

The departure of CTO Mira Murati, alongside other key leaders, signals a shift in the company’s structure. CEO Sam Altman is consolidating power, and reports suggest OpenAI is considering restructuring as a for-profit public benefit corporation. 

Many speculate that many are choosing to leave because they’ve achieved [or are very close to achieving] AGI.

Trending Now
Everything Else You Need To Know

Robotic Arm With Detachable Hand: Researchers at EPFL have developed a robotic arm with a detachable, crawling hand that can retrieve objects and reattach itself.

ChatGPT Prices Increase: OpenAI plans to raise the monthly subscription price for ChatGPT from $20 to $22 by the end of the year, with further increases expected to reach $44 over the next five years.

SocialAI Redefining Social Networks: Michael Sayman’s SocialAI app creates a social network where all interactions, except for the user, are handled by AI bots.

Steam Removes Forced Arbitration Clause: Steam’s updated user agreement eliminates its forced arbitration policy, allowing users to take legal disputes against Valve to court.

Meta Fined Over $100 Million For Password Storage: Meta has been fined more than $100 million by the Irish Data Protection Commission for storing user passwords in plaintext in 2019 without proper encryption safeguards.

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