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| Here's a preview of today's AI briefing: - U.S., China, and other countries sign world-first AI declaration.
- Businesses can now buy Microsoft's AI for Office apps.
- Scarlett Johansson sues AI app developer for using likeness.
- Jury finds Tesla's Autopilot not to blame for fatal crash.
Beth
p/beth-duckett | |
| 1 | | Twenty-eight world governments, including the U.S., EU, and China, have jointly signed a declaration recognizing the catastrophic risks of AI. The Bletchley Declaration, unveiled on the first day of the U.K.'s AI Safety Summit, calls for international policies to tackle AI's risks, though it doesn't propose any specific AI regulations. Details: The Bletchley Declaration, named after the famed park where the AI Summit is taking place, is meant to encourage global cooperation in areas like AI safety, transparency, accountability, and scientific collaboration. It acknowledges the major risks from intentional misuse or unintended problems stemming from frontier AI, with a focus on cybersecurity, biotechnology, and disinformation, according to the U.K. Quotable: "This is a landmark achievement that sees the world's greatest AI powers agree on the urgency behind understanding the risks of AI – helping ensure the long-term future of our children and grandchildren," U.K. PM Rishi Sunak said. What's next: The declaration calls for additional global meetings on AI. South Korea is co-hosting a virtual AI summit in the next six months, and France will hold an in-person summit in 2024. What the numbers say: The word-first agreement comes as the majority of Americans are concerned about the risks of AI, believing the technology could endanger humanity. An Ipsos poll found that three times more Americans anticipate adverse outcomes from AI than those who don't. Another survey by the Artificial Intelligence Policy Institute found a majority of voters across the political spectrum are concerned about AI's risks, with 86% believing AI could accidentally cause a catastrophic event. The results show that Americans are cautious about AI and want lawmakers to step in to make sure it's responsibly developed, according to the institute's executive director, Daniel Colson. 
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| 2 | | Microsoft is now selling its AI add-on for Office business subscriptions. Microsoft is charging $30 per user per month for business accounts to access new "AI Copilot" capabilities across Word, Excel, PowerPoint, Outlook, Teams, and other Office programs. More: - Workers can use Copilot, a productivity tool, to do tasks like summarize emails, convert Word documents into PowerPoint presentations, and analyze spreadsheets in Excel.
- Copilot can also assist with Teams meetings by summarizing topics, logging attendees, and flagging action items, among many other tasks.
- To gain access to Microsoft 365 Copilot, companies must have a minimum of 300 licenses for their employees.
Zoom out: - According to Piper Sandler analysts, Microsoft's charge of $30 per user per month could potentially result in over $10B in annualized revenue by 2026.
- The pricing represents a 53% to 83% increase in the average monthly cost for business-grade versions of Microsoft 365, which is used by hundreds of millions of workers.
- Forrester Research forecasts that 6.9 million U.S. knowledge workers will use Microsoft 365 Copilot by the end of 2024.
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| 3 | | Scarlett Johansson is suing the developer of an AI app that copied her name and likeness for an advertisement without her permission. The ad from the image-generating app, "Lisa AI: 90s Yearbook & Avatar," showed a brief clip of the actress followed by AI-generated images resembling her. More: - The ad, which has since been removed online, also featured a fake voice imitating Johansson.
- Lisa AI added a disclaimer distancing itself from any association with the actress.
- Reps for the actress confirmed that she is not a spokesperson for the app.
- Her attorney, Kevin Yorn, has since taken legal action.
Zoom out: - Last month, Tom Hanks said an advertiser used an AI-generated version of him to promote dental plans without his permission.
- An ad featuring a deepfaked version of YouTube star MrBeast, aka Jimmy Donaldson, was also removed from TikTok last month. Donaldson questioned whether social media platforms are prepared to handle the rise of AI-manipulated content, calling it a "serious problem."
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| 4 | Tesla is not to blame for a 2019 fatal crash reportedly involving its Autopilot system, a California jury ruled on Tuesday. The lawsuit had claimed Tesla knowingly delivered cars with a faulty Autopilot system, resulting in a fatal crash that took the life of a Model 3 owner and seriously injured two passengers. More: - According to the lawsuit, Micah Lee, 37, was driving his Tesla Model 3 at 65 mph on a Los Angeles highway when it suddenly veered off, hit a palm tree, and caught fire, leading to his death.
- Lee's estate and the two survivors filed a $400M lawsuit against Tesla, alleging that the company sold Lee flawed "experimental" software in his 2019 Model 3, which was advertised as having full self-driving capabilities.
- Tesla attributed the crash to human error and argued there was no definite proof Autopilot was active during the accident.
- In a 9-3 decision, the jury ruled in favor of Tesla, stating there was no software defect.
Zoom out: - It is Tesla's first lawsuit involving Autopilot and a fatality. The outcome is expected to set a precedent for future trials involving its semi-autonomous driving technology, which relies on AI/ML algorithms and sensors to navigate its vehicles on highways with minimal human intervention.
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| 5 | | LinkedIn unveiled an AI-powered chatbot for job seekers and other generative AI tools for its Premium users. The "job seeker coach," powered by OpenAI's GPT-4, offers job advice by analyzing applicants' profiles and the career ads they're interested in. More: - The chatbot gauges whether a user is a good candidate for a role based on their profile and experience.
- The bot can point out any gaps in a person's background that may negatively impact their application.
- Users can also prompt the bot to send over related employee profiles from a company, with an option to use AI to write a message inquiring about the job.
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| 6 | | 🍋 FRESH FUNDING 🍋 - Machine learning workload optimization platform CentML extended its seed funding round with an additional $27M capital provided by Gradient Ventures, TR Ventures, and Nvidia.
- Engine Biosciences, a biotech startup using machine learning to discover and develop precision oncology medicines, extended its Series A funding round with an additional $27M. Polaris Partners led the round with additional support from ClavystBio, Invus, EDBI, Coronet Ventures, and SEEDS Capital.
- Cranium.ai Corp., an AI security and trust software firm that spun out from KPMG earlier this April, bagged another $25M in Series A funding. Telstra Ventures led the round, with KPMG and SYN Ventures also participating.
- AI model creation and optimization software maker Moreh bagged $22M in Series B funding from AMD, Korean telecom firm KT, Smilegate Investment, and Forest Partners.
- Generative AI-powered video documentation startup Guidde raised $15.6M in fresh funding led by Norwest Venture Partners, joined by Entrée Capital, Honeystone Ventures, Crescendo Ventures, and Tiferes Ventures.
- No-code computer vision platform Viso raised $9.2M in seed funding led by Accel.
For the latest on AI startup funding and more in the VC community, subscribe to our Inside Venture Capital newsletter. | | | |
| 7 | | Quick Hits: - Are you getting the best discounts from leading cloud providers? This is your go-to resource for learning how to maximize multicloud discounts.*
- Collins Dictionary has chosen "AI" as its Word of the Year. The U.K.-based dictionary publisher defined it as an "abbreviation for artificial intelligence: the modeling of human mental functions by computer programs."
- Former Google CEO Eric Schmidt is backing a nonprofit, Future House, that's developing an AI-powered assistant for laboratories. The assistant will analyze research papers, answer scientific questions, and eventually generate hypotheses.
- New Computer's AI companion app Dot, designed by ex-Apple designer Jason Yuan, is now open for beta testing, with plans for a future App Store launch.
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 | AI and technology writer | | Beth is an editor and writer of Inside's AI and Tech newsletters, with a career spanning journalism since 2007. She has written for publications including The Arizona Republic and USA Today and authored a book on the solar industry in 2016. Reach her at Beth.Duckett@yahoo.com. | | This newsletter was edited by Aaron Crutchfield | |
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