What happened: Alphabet shares fell nearly 3% on Monday following the news that Samsung was considering shifting from Google to Microsoft's Bing as the default search engine on its smartphones and tablets. Details: According to The NY Times, Google's reaction to the news was "panic." The tech giant now has more than 160 employees working on AI features under its so-called "Magi" project. Why it matters: Microsoft and Google have been locked in a race to incorporate AI features into their products. Microsoft added OpenAI's ChatGPT technology to its Bing search engine earlier this year, while Alphabet has been waiting to integrate its chatbot technology into its search engine, though it did release its Bard chatbot to the public last month. What the numbers say: Google brings in an estimated $3B annually from the Samsung contract — about 1% of Alphabet's $282B in annual revenue. The company also has a similar Apple contract, worth a reported $20B annually, that's up for renewal later this year. Competing stocks: Following the news on Monday, shares of Google parent Alphabet fell to a low of $105.33 before closing at $106.42. Since ChatGPT was launched in late November, Microsoft shares are up 21%, higher than Alphabet's 10% gain. 
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European Parliament members working on the EU's AI Act are urging U.S. President Joe Biden and European Commission President Ursula von der Leyen to convene a world summit to discuss AI regulation. In an open letter shared today, the dozen lawmakers said the fast pace of AI development necessitates new “governing principles” covering general-purpose AI on a global scale. More: - In addition to a global summit, the members want the world's democracies "to start working on governance models for very powerful AI."
- The "call to action" was initiated by MEPs Dragoş Tudorache and Brando Benifei, who are overseeing revisions of the European Parliament’s proposed Artificial Intelligence Act, which is undergoing revisions before it becomes law.
- In a series of tweets, Tudorache said EU lawmakers are urging companies and researchers working on "very powerful AI" to focus on responsibility alongside policy-makers and "maintain effective control over the AI they are building."
AI Act: - The members also committed to adding provisions to the AI Act. The EU’s pending bill would create an overarching framework and requirements for high-risk AI applications.
- The AI Act, which could be passed into law this year, "could serve as a blueprint for other regulatory initiatives in different regulatory traditions and environments around the world," they said.
Zoom out: - Meanwhile, tech leaders have voiced support for AI rules since ChatGPT took the world by storm. During a "60 Minutes" interview on Sunday, Google CEO Sundar Pichai said he believes AI is "the most profound technology humanity is working on" and government regulation is needed, particularly in areas like deepfakes that "cause harm to society."
REUTERS 
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 A message from MONOGRAM The $19.4B joint replacement market may be entering a new era, and this company is hoping to lead the way. It is estimated that up to 50% of joint replacements will be robotic by 2030 and Monogram is aiming to have the first active navigated robotic arm on the market. And you can invest in the company ahead of their planned Nasdaq listing. With 100,000 failed joint replacement surgeries every year, we believe that this market has been due for a realignment. Surgeons have been forced to rely on the same technology, like hand saws and generic-sized joint implants for the last 40 years. Monogram’s surgical robots and 3D-printed joint components are hoping to up the ante when it comes to personalization and precision. They’ve already demonstrated how their surgical system works on cadavers in front of 5,000+ live viewers, they have 20 patents filed, and 17,000+ people have previously invested. Join Monogram ahead of their intended NASDAQ listing. Invest Now
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Twitter owner Elon Musk has formed an artificial intelligence company called X.AI Corp, according to a filing. The name reflects the branding of X Corp., the moniker that Musk has now given to Twitter Inc. More: - Musk incorporated X.AI Corp. in Nevada on March 9. The billionaire is listed as the director, and his family office director, Jared Birchall, is named as the company's secretary.
- Last week, it was reported that Musk was assembling a team of AI experts to launch an AI startup that would compete against OpenAI, the research organization he helped co-found and then left before criticizing as "a closed source maximum-profit company."
- The CEO is said to be in talks with some SpaceX and Tesla investors about funding the AI venture.
- Meanwhile, legal documents revealed that Twitter Inc. "no longer exists" upon merging with X Corp., a shell firm.
TruthGPT: - In a recent interview with Fox News' Tucker Carlson, Musk said he would launch "TruthGPT," which he referred to as a "maximum truth-seeking AI that tries to understand the nature of the universe."
- Musk said he believes TruthGPT may be "the best path to safety" as "an AI that cares about understanding the universe is unlikely to annihilate humans because we are an interesting part of the universe."
AI fears: - In separate remarks on Twitter, Musk expressed fears about AI, agreeing with a poster's comment that AI will hit people "like an asteroid" in five to 10 years.
- Musk said he saw AI's exponential growth "happening from well before GPT-1," which is why he tried to warn people "for years."
- He claimed a one-on-one meeting he held with then-President Barack Obama was to promote AI regulation, not Tesla or SpaceX.
THE VERGE
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 A screenshot of Boris Eldagsen's "The Electrician" A German artist has turned down a prestigious photography award, acknowledging that the winning image was created using OpenAI's DALL-E 2 AI system. Boris Eldagsen's "The Electrician" won the creative category in the open competition at the World Photography Organization's Sony World Photography Awards. More: - Eldagsen, a photo-media artist since 2000, said he submitted the work as a "cheeky monkey" to test whether such competitions are ready for AI-generated images.
- "They are not," he concluded in a post on his website.
- After decades of photography, Eldagsen said his focus has switched to "exploring the creative possibilities of AI generators."
- He said "The Electrician" was the result of a mixture of "prompt engineering, inpainting, and outpainting" that made use of his photography knowledge.
- However, Eldagsen concluded that "AI is not photography" and he will therefore "not accept the award."
Response: - While Eldagsen considers himself a "co-creator" alongside AI, the World Photography Organization says Eldagsen was deliberately misleading and the entity can no longer "engage in a meaningful and constructive dialogue" with the artist.
THE GUARDIAN
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AI Events and Conferences: - Future of Chatbots and Conversational AI Summit 3rd Edition: April 18, London, U.K.
- Future of Chatbots and Conversational AI Summit U.S. Edition: April 18, Austin, Texas.
- World Summit AI Americas: April 19-20, Montreal, Canada.
- AI and Big Data Expo North America: May 17-18, Santa Clara, California.
- AI World Congress 2023: June 7-8, London.
- Data Science Salon: Applying AI & Machine Learning to Media & Advertising: June 8, New York City and virtual.
- Big Data and Analytics Summit Canada: June 13-14, Toronto.
- Ai4 2023: Aug. 7-9, Las Vegas, Nevada.
- AI Hardware Summit: Sept. 12-14, Santa Clara, California.
- Edge AI Summit: Sept.12-14, Santa Clara, California.
- AI & Big Data Expo Global 2023: Nov. 30-Dec. 1, Olympia, London.
- The AI Summit New York: Dec. 6-7, New York City.
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Community Corner Last week, we asked our AI and tech community, "Do you believe AI can be developed to act ethically and make moral decisions?" Here are some highlighted responses we received: - Jonathan O'Miller (p/jono_miller), Independent Contractor, answered, "Absolutely, I believe it can also be developed in the complete opposite way as well. AI is a tool, it is as morally good or bad as the person who is welding it."
- Lava Kafle (p/lkafle), Founder at wowdevqa, answered, "AI can be ethical and moral provided we train the logic into it."
- Ameliaismore Moore (p/Ameliaismore), SheEO at BuzzBuilderBMC Consulting, answered, "Technology is great as a tool yet dangerous as a replacement. Having young people be able to cheat on educational assignments (that develop their character) by not writing them themselves prohibits the brain, which is a muscle, to exercise properly. How do you develop critical thinking if you are not using your brain to make those decisions? Any athlete knows when it comes to your muscles, if you don't use it, you lose it! Well, the same is going to happen to the future of mankind. If we allow our youth not to use their brain, also allow them to not establish a strong work ethic based on trial and error instead of having someone or something else do the job ... what are we developing?" You can read her full comment here.
Join the conversations at Inside.com, and we may shout out your name and business or contact you for more! ⭐️
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QUICK HITS - Say goodbye to silos. With Miro, teams can sync, flow, and feel the connection of working side by side, even in remote and hybrid work environments.*
- Mobile app developer Gorilla Technologies debuted SuperChat, a free iOS app that allows users to chat with dozens of virtual characters built using OpenAI's GPT-3.5-turbo.
- During a recent MIT event, OpenAI CEO Sam Altman said he believes it's "the end of an era" for "giant giant" AI models, and developers will "make them better in other ways."
- Voice AI company SoundHound AI announced that it has closed on a new $125M loan facility from Atlas Credit Partners, with $100M fully funded at closing. The deal concludes SoundHound's plans to refinance its debt and solidify its balance sheet following a major downsizing and layoffs.
- Sales pros worldwide say sales ops are key to productivity. Download the new "Trends in Sales Ops" report to learn more.*
*This is a sponsored post.
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UPCOMING EVENTS - April 18 - Human Resources Summit'23 (Register Here)
- April 18 - Inside Interview with TravelBank: Why Employee Happiness Is Falling More Into The Financial Sector * (Watch On Demand)
- April 26 - The world's largest gathering that brings together all sides of the cryptocurrency, blockchain and Web3 community (Register Here) *
- April 27 - Inside.com Book Club - REWORK by 37signals (Register Here)
- May 02 - Inside Startups Coffee Break (Register Here)
*This is a sponsored listing.
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 |  | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. She has written the Inside AI newsletter since 2019. You can reach her at Beth.Duckett@inside.com. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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