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| Here's a look at today's AI briefing: - FTC settlement would ban Rite Aid from using AI facial recognition.
- GenAI could widen the racial wealth gap in the U.S., according to McKinsey research.
- Microsoft Copilot can now generate songs.
Beth
p/beth-duckett | |
| 1 | | Rite Aid will have to stop using facial recognition surveillance in its stores for five years under a proposed settlement with the U.S. Federal Trade Commission. In a complaint filed today, the FTC accused the drugstore chain of using inaccurate facial recognition tech that wrongly identified some customers as shoplifters. More: - According to the FTC, Rite Aid deployed a face recognition system across its U.S. stores without notifying shoppers.
- The system relied on low-quality security camera images to build a database of suspected shoplifters.
- The technology would flag employees if a customer entering a store "matched" the image of one of the alleged shoplifters.
- However, the system often inaccurately matched thousands of customers, particularly Black, Latino, or women customers, leading to false shoplifting accusations, according to the FTC.
- In one case, Rite Aid's facial recognition system erroneously flagged the same individual as visiting over 130 stores across the U.S. more than 900 times.
- The proposed settlement in the case includes a five-year ban on Rite Aid using any facial recognition system for security or surveillance.
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| 2 | | Generative AI at work could increase the racial wealth gap in the U.S. between Black and white households by $43B by 2045, according to new McKinsey research. The study found that workers in office support, production, and food services, where Black workers are overrepresented, are most at risk of AI automation. More: - The report referenced a study predicting that GenAI will generate about $2T in U.S. wealth, with $500B benefiting U.S. households.
- This equates to an average gain of $3,400 in new wealth per household.
- As Black households earn only 38 cents for each dollar of new household wealth, McKinsey predicts the new wealth from GenAI will widen the wealth gap by around $43B.
- By 2060, GenAI could automate half of the "gateway" or "target" jobs often sought by workers without degrees, hurting a key route to upward mobility relied upon by many Black workers.
Zoom out: - The Federal Reserve reports that since 1980, the U.S. wealth gap has grown, with the median white household now holding $285,000 in wealth compared to $45,000 for the median Black household.
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| 3 | | U.S. Sens. Mark Warner (D-Va.) and John Kennedy (R-La.) introduced a bill targeting the misuse of AI and deepfakes in financial markets. The proposed legislation would allow the Securities and Exchange Commission to impose triple penalties on companies using AI for market manipulation or securities fraud. More: - The bill includes provisions for testing financial system resilience against AI disruptions.
- It would direct the Financial Stability Oversight Council (FSOC) to study AI risks and propose regulatory measures.
- If approved, it would also allow regulatory agencies to develop new AI governance methods in finance.
Zoom out: - The bill comes days after U.S. regulators issued their first warning about AI as an "emerging vulnerability" to financial markets.
- In its annual report, the FSOC identified AI as a risk to financial stability.
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| 4 | | Microsoft's AI chatbot, Copilot, can now generate songs based on text prompts. The integration with Suno, an AI music creation platform, is the latest example of the rise of generative AI in the music industry -- a market that's expected to surpass $2.6B by 2032. 
Details: Through a new plugin with Suno, Copilot can generate music tracks with singing voices, lyrics, and instrumentals based on a one- or two-line text prompt. How to use it: Users can access the music maker by visiting copilot.Microsoft.com on Microsoft Edge, logging in with a Microsoft account, and selecting Suno from the plugin list. The feature is only available on the web and not the standalone Copilot app for Windows. The bigger picture: Meta and Google, along with numerous AI music startups like Soundful, Magenta, Beatbox, Soundraw, and Beatoven.ai, are all delving into generative AI music tools that create songs from text prompts or humming. | | | |
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| 5 | | TomTom teamed up with Microsoft to develop an AI-driven conversational assistant for cars. The tech relies on OpenAI's language models for voice interactions, letting users navigate, control vehicle systems, and more. More: - TomTom's assistant also leverages Microsoft products like Azure Cosmos DB and Azure Cognitive Services.
- The assistant integrates with in-car systems from major automakers, though TomTom did not disclose which ones.
- It's included in TomTom's Digital Cockpit, the GPS platform maker's open in-vehicle platform.
Zoom out: - This past summer, TomTom released a ChatGPT plug-in for trip planning and exploration using its maps.
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| 6 | | AI job openings: - Director, Applied AI Research
- Meta | Redmond, Washington
- Generative Foundation Model/LLM Research Scientist, MLR
- Apple | Seattle, Washington
- Software Architect, Generative AI for Quantum Computing
- Senior Engineer, DPS AI/ML Platforms
- Starbucks | Seattle/Hybrid
- Senior Solutions Architect, GenAI GTM Builders
- Amazon Web Services | Seattle or Bellevue, Washington
- Product Manager, Large Model Infrastructure Efficiency and Scaling
- Google | Mountain View, California
- Lead Artificial Intelligence Architect
- Boeing | Seattle, Washington; Hazelwood, Missouri; North Charleston, South Carolina
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 | AI and technology writer | | Beth is a contributing editor and writer of Inside's AI and Tech newsletters. She has written for notable publications like USA Today and the Arizona Business Gazette. During her time as a public policy reporter at The Arizona Republic, she received recognition with a Pulitzer Prize nomination and a First Amendment Award for her collaborative reporting on pension cost increases. Beth also authored a book on the solar photovoltaic industry in 2016. You can reach her at Beth.Duckett@yahoo.com. | | This newsletter was edited by Aaron Crutchfield | |
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