The U.K.'s competition regulator is launching a probe into the AI market, including foundation models such as the software underpinning ChatGPT. The review by the U.K. Competition and Markets Authority (CMA) will examine the market surrounding these models and how they're developing, according to chief executive Sarah Cardell. More: - According to Cardell, the CMA will investigate "the actual opportunities there" and establish "guardrails and principles" to ensure that competition works effectively and consumers are safeguarded in the AI space.
- The CEO said the agency's probe of AI would be a "fact-finding" endeavor that will include many businesses, academics, and others.
- Additionally, Cardell said the review would not single out any specific companies.
Zoom out: - Meanwhile, regulators worldwide have been increasing their scrutiny of generative AI following last year's release of ChatGPT.
- Last week, EU lawmakers agreed on an early draft of its AI Act, which includes a requirement for generative AI companies to disclose any copyrighted material used to train their systems.
- The draft law is now advancing to the final stage, the "trilogue," which involves negotiating the bill's final details.
- Once finalized, the law would have a grace period of around two years for parties to adhere to the new rules.
FINANCIAL TIMES 
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 What happened: The Biden administration is asking American workers to share how their employers are deploying AI in their workplaces. As automation becomes more prevalant, the White House is concerned that automated tools used to track and monitor workers can pose serious risks to their safety and mental health, as well as fuel discrimination in areas like pay and discipline. What the numbers say: Most Americans are apprehensive about using AI to monitor workers. A Pew Research survey from April found that more than 60% of U.S. adults opposed using AI to track employees' movements while they work; majorities also opposed AI to keep track of desk time and record what workers are doing at their computers. In other areas, such as monitoring the driving behaviors of workers on the job, those polled were actually more supportive. Why it matters: The White House is asking for feedback from stakeholders, including employers, advocacy groups, and researchers, to describe their experiences with AI at work. The comments could help the federal government decide which rules and regulations, if any, to introduce to tackle any harms caused by workplace surveillance tech, which is on the rise.
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 A message from TRUERA LLM Testing and Monitoring – Join the Hands-On Workshop How can you ensure that your large language model is honest, harmless, and helpful? Join TruEra on May 11th and 18th as their President and Chief Scientist, Anupam Datta, provides a hands-on overview of how to analyze and improve the performance of your LLMs. During the two 60-minute online sessions, he will cover the following: - Quick introduction to LLMs - what are they and their history?
- Risks and challenges of LLMs: is your LLM honest, harmless, and helpful?
- Defining feedback functions to model LLM quality and performance
- How should you test and monitor LLMs?
- Live walk-throughs of how to identify, diagnose, and debug model issues in development and production
- Q&A with Professor Datta
Dates: 2-session series on May 11th and 18th Where: Virtual Event - Join from Anywhere Who should attend: Data scientists, machine learning engineers, MLOps managers, data analysts, statisticians, data and analytics managers Join for free
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Top Biden officials, including Vice President Kamala Harris and Commerce Secretary Gina Raimondo, are set to meet with top tech executives, including Alphabet CEO Sundar Pichai and Microsoft CEO Satya Nadella, to discuss the future of AI. For Thursday's meeting, administration officials have asked for "a frank discussion" of AI's risks and how to mitigate those risks, as well as ways to work together to make sure people benefit from AI but are also protected from its harms. More: - Other executives planning to attend include Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman.
- Harris and Raimondo will be joined by Biden's chief of staff, Jeff Zients, Office of Science and Technology Policy director Arati Prabhakar, domestic policy adviser Susan Rice, national security adviser Jake Sullivan, and others.
- A White House official said administration officials plan to communicate that the companies bear a responsibility to reduce the potential harm caused by AI.
- Harris plans to "emphasize the importance of driving responsible, trustworthy, and ethical innovation with safeguards that mitigate risks and potential harms," the person said.
- The meeting is part of broader plans by the administration to engage with different industries and stakeholders about AI.
AXIOS
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AI language models are being deployed to generate low-quality news content on ad-driven websites, also known as "content farms," according to NewsGuard. In April, the organization uncovered nearly 50 websites with content in seven different languages that appeared to be fully or mostly created using AI. More: - The sites are generally using OpenAI's ChatGPT to generate the articles.
- In many cases, the sites do not disclose their ownership and tend to feature content described as "clickbait."
- In News Guard's review, at least some of the content was found to be false. For example, a content farm called CelebritiesDeaths.com featured a story claiming that President Joe Biden had died.
- Many also featured trademark phrases from AI models, including "I cannot complete this prompt" and "my cutoff date in September 2021."
- NewsGuard warned that a new generation of content farms is on the way as a wider availability of AI content-writing tools opens up.
THE GUARDIAN
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Midjourney has released version 5.1 of its AI text-to-image generator. The latest model is more "opinionated" and offers enhanced image quality, sharpness, and accuracy over prior systems, according to the company. More: - Midjourney 5.1 can generate more natural-looking pictures than version 5, making it harder to distinguish between real and fake images.
- v5.1 also offers a new "raw" mode for unopinionated image generations in the V5.0 default style.
- According to the company, v5.1 generates fewer text artifacts in its outputs than the prior version.
- The company plans to make it the default version as early as this week.
- Midjourney's subscription is available on Discord. According to Vice, Midjourney is especially good at producing various art styles and fantasy and sci-fi environments that resemble concept art in gaming.
FORBES
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🍋 FRESH FUNDING 🍋 - DeepHow (Michigan), helps companies turn videos into how-to tutorials for employees: $14M A led by Owl Ventures, with participation from LG Technology Ventures, Sierra Ventures, Qualcomm Ventures, Osage Venture Partners, and Foothill Ventures.
- CarbonChain (U.K.), helps companies track their supply chain using AI: $10M A co-led by Union Square Ventures and Voyager Ventures.
- AirOps (Florida), helps companies integrate and deploy AI-powered apps: $7M Seed led by Wing VC with participation from Founder Collective, XFund, Village Global, Apollo Projects, and Lachy Groom.
- Alison (Israel), helps companies generate creative design using AI prompt: $5.1M Pre-Seed led by a16z, Crescendo Venture Partners, and yellowHEAD.
- Autonomize AI (Texas), uses artificial intelligence to provide data for healthcare organizations: $4M Seed led by Asset Management Ventures, with participation from ATX Venture Partners, Loop Ventures, and The Next Practices Group.
For the latest on AI startup funding and more in the VC community, subscribe to our Inside Venture Capital newsletter.
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QUICK HITS - The company behind these surgical robots is planning to list on Nasdaq. Last day to fund your investment is on 5/10.*
- Crypto.com launched its AI assistant "Amy" to help keep users updated on token prices, events, and projects in the cryptocurrency industry. Amy uses ChatGPT and is currently in the pilot phase.
- Microsoft's chief economist, Michael Schwarz, warned that people should be more concerned about AI being used by bad actors than about it taking jobs. AI "could certainly do a lot of damage in the hands of spammers, people who want to manipulate elections," he said.
- Google may announce its updated Bard chatbot and other AI features during its annual I/O developers' conference on May 10.
- Demo Divvy, get an Ember heated mug. Hot coffee and quick and easy expense management — get both when you demo Divvy.*
*This is a sponsored post.
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UPCOMING EVENTS: - May 08 - Inside.com Town Hall (Register Here)
- May 11 - Testing and monitoring large language models (LLMs) with TruEra (Register Here) *
- May 17 - Monthly Meditation guided by Nicholas Whitaker (Register Here)
- May 17 - Join Vanta's webinar to see Vendor Risk Management in action and learn about automating security reviews. (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. | |
Join us on May 11th and 18th for a hands-on overview of how to analyze and improve the performance of your LLMs. | |
Looking to add alternative investments to your portfolio? Look no further than Supervest. | |
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