Cathie Wood calls AI extinction warnings ridiculous at a Sydney briefing
Cathie Wood calls AI extinction warnings ridiculous at a Sydney briefing

Cathie Wood praised the AI industry for talking openly about its own risks and dismissed the specific risk it has been talking about, in the same set of remarks to reporters in Sydney. The ARK Invest founder said she was “happy that the leaders of the …

OriginalVoices raises £1M pre-seed round led by Iona Star

OriginalVoices, a platform providing human-generateddata and insights for AI systems, has raised £1 million in a pre-seed fundinground led by venture capital firm Iona Star.OriginalVoices is developin…

The Gates Foundation will spend at least $1bn on AI access over the next two years
The Gates Foundation will spend at least $1bn on AI access over the next two years

Bill Gates has committed the Gates Foundation to spending at least $1bn over the next two years on expanding access to AI, and paired the announcement with a blunt assessment of the people who are supposed to be regulating it. “I don’t think any govern…

CRM challenger Zero gets backing from Lovable and Langdock founders in $10M raise

The founders of European AI startups Lovable and Langdock are among the backers of a Finnish startup which is challenging CRM (customer relationship management) giants Salesforce and HubSpot.Zero has …

Trump phoned Jensen Huang onstage at the All-In Summit to call AI fear a hoax
Trump phoned Jensen Huang onstage at the All-In Summit to call AI fear a hoax

Jensen Huang was midway through an interview at the All-In Summit in Los Angeles on Monday morning when his phone rang. It was Donald Trump. Huang put him on speakerphone, and the president opened by noting that Huang can design the most complex comput…

Anthropic says AI can boost U.S. GDP by 32%, up to $44.4 trillion in four years — economics model predicts that displaced employees ‘may have to switch to jobs like electrician and nurse’

Anthropic has published a paper wherein it envisions a future for the economy where AI is deeply ingrained. In the most extreme scenarios, U.S. GDP is up, but unemployment simmers as others are put out of work.

The AI industry has taken a doomer turn. What now?

This story appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. This weekend, Dario Amodei, CEO of Anthropic, posted an essay calling for a brake on the pace of development of LLMs. Amodei cites the looming dangers he sees from the technology, from its…

Hundreds of contractors are reportedly reading real ChatGPT conversations
Hundreds of contractors are reportedly reading real ChatGPT conversations

OpenAI is paying hundreds of contractors to read real ChatGPT conversations and rate the chatbot’s replies under the internal codename Project Lily, and did not answer when asked where it had told users. The Court of Justice held last September that a …

Anthropic has built a Claude tool for financial advisers
Anthropic has built a Claude tool for financial advisers

Anthropic has launched Claude for Financial Advisers, wiring the chatbot into portfolio and research tools from BlackRock, Vanguard, Charles Schwab and iCapital, and says it will not give investment advice. Under MiFID II advice turns on a five-part te…

xAI dismisses its Apple claims, with no terms disclosed and the OpenAI case still live
xAI dismisses its Apple claims, with no terms disclosed and the OpenAI case still live

xAI and X Corp asked a Texas judge to dismiss their antitrust claims against Apple over the integration of ChatGPT into the iPhone, while keeping their monopolisation claims against OpenAI. The Digital Markets Act lists virtual assistants as a core pla…