🛑 EU's AI Content Battle

Update 2023-05-01

What’s in today’s Business Edge update?

EU cracks down on AI-generated content, and tech giants reveal AI-driven future plans! Plus, Microsoft's AI Designer Tool launches in public preview, and ARM's highly anticipated US IPO is underway.

In other news, Brave goes solo with its search index, Stability AI introduces the open-source chatbot StableVicuna, Twitter tests pay-per-article service, Sony celebrates PS5 sales milestones.

Dive in for all the details!

🌐 Digest

Concise summaries of the most interesting tech news stories.

[1] EU to Impose Copyright Rules on Generative AI Systems

The European Union is working on the world's first comprehensive laws governing generative artificial intelligence (AI) tools like ChatGPT. Companies deploying these AI tools will have to disclose any copyrighted material used in their development, according to an early EU agreement.

More:

• The European Commission started drafting the AI Act two years ago to regulate the technology

• AI tools will be classified by their perceived risk level: minimal, limited, high, or unacceptable

• High-risk tools won't be banned, but their users must be highly transparent in their operations

• Transparency requirements for copyrighted material were a late addition to the proposals

_{Tags: #AI #Regulation #Copyright}

Read more about it at —> (read time: 4 minutes)

Insight: We classify this news as having an Industry-wide Impact as it involves significant regulatory implications for the AI industry. The proposed legislation will affect the entire AI sector and could set a precedent for other regions to follow in terms of regulating AI technology.

[2] Microsoft's AI-Powered Designer Tool Enters Public Preview

Microsoft Designer, an AI-powered design tool, has launched in public preview with expanded features. The Canva-like web app generates designs for various purposes, leveraging user-created content and DALL-E 2, OpenAI's text-to-image AI.

More:

• Now includes captions, hashtags, and animated visuals

• Additional editing features planned

• Free during preview period, later included in Microsoft 365 Personal and Family subscriptions

• Users have full usage rights to commercialize images created with Designer

_{Tags: #Microsoft #AI #Design}

Read more about it at —> (read time: 3 minutes)

Insight: We classify this news as having a Company Impact. Microsoft's launch of the AI-powered Designer tool directly affects their product offerings and has implications for the competitive landscape of the design tool market. By leveraging AI capabilities, Microsoft is positioning itself to compete with other popular design platforms, offering added value to its 365 Personal and Family subscribers.

[3] AI Takes Center Stage as Tech Giants Discuss Future Plans

Tech giants Meta, Alphabet, Microsoft, and Amazon mentioned "AI" 168 times during their recent earnings calls, highlighting artificial intelligence's significant role in their operations and future strategies.

More:

• Alphabet led with 64 AI mentions, discussing product updates and the rollout of chatbot Bard

• Microsoft mentioned AI 50 times, reaffirming its commitment to invest in AI through its $10 billion stake in OpenAI

• Meta brought up AI 47 times, with Zuckerberg mentioning "AI" 27 times and discussing its use in creating visual tools for Instagram

• Amazon mentioned AI 7 times, focusing on the development of language models for chatbots

_{Tags: #AI #BigTech #Alphabet #Microsoft #Meta #Amazon}

Read more about it at —> (read time: 3 minutes)

Insight: We classify this news as having an Industry-wide Impact. The increasing interest and investment in AI from major tech companies reflect the technology's growing importance across various sectors. As these companies continue to innovate and integrate AI into their products and services, we can expect significant advancements and disruptions within the industry.

[4] ARM Gears Up for US IPO Amid High Expectations

ARM, the mobile chip company, has recently submitted a confidential draft F-1 form to the US Securities and Exchange Commission, preparing for a stock market listing. The company aims to raise between $8 billion and $10 billion through its initial public offering (IPO) later this year. ARM's parent company, SoftBank, has been considering an IPO since NVIDIA's $40 billion acquisition attempt failed due to regulatory resistance.

More:

• ARM designs processor components for almost every mobile device, including Apple and Samsung products

• The company's licensing model makes it essential for most tech companies

• ARM is reportedly working on a "more advanced" prototype chip

_{Tags: #ARM #IPO #SoftBank}

Read more about it at —> (read time: 2 minutes)

Insight: We classify this news as having a Market Impact. ARM's IPO will primarily affect the specific market segment of mobile chip companies and their investors. As the company is already a key player in the industry, the IPO could potentially alter its competitive landscape and financial performance.

⚡️Bites

Brief news summaries that provide quick and easy-to-consume information.

Brave just announced that it is now exclusively using its own index for its search engine. In other words, it doesn’t rely on third-party solutions like Bing anymore. (link)

Stability AI releases StableVicuna, an open-source chatbot based on the Vicuna LLaMA model, enhanced with Reinforcement Learning with Human Feedback (RLHF) for improved performance and safety. (link)

Twitter plans to introduce a pay-per-article service for media publishers, allowing users to access individual articles without full subscriptions, as CEO Elon Musk seeks to grow revenue. (link)

Sony reports having sold 38.4 million PlayStation 5 consoles, with 6.3 million units shipped in the first three months of the year. Despite hardware success, software sales have experienced mixed results. (link)

OpenAI has reportedly raised $300 million in a funding round led by major venture capital firms, including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive, Founders Fund, and K2 Global. (link)

Dropbox will lay off 16% of its workforce, about 500 employees, as the company experiences slowed growth and economic pressures. CEO Drew Houston made the decision to focus on AI and early-stage product development. (link)

🔍 Extra

A mix of learning links, software products, deals, and other interesting content.

SaaS net dollar retention median at 115% in Q1, falls from the previous 120% due to economic slowdown and seasonal renewal cycles. (link)

OpenAI and Microsoft offer a free course on prompt engineering for developers, covering topics like summarization, translation, and chatbot development. (link)