What's Inside

• YouTube CEO Neal Mohan's Principles for Partnering with Music Industries on AI

• Chip Company 'ARM' backed by Softbank will go Public soon

• Surging Chinese orders for advanced US processors, primarily from Nvidia

• Elon Musk's X tests government ID-based User Verification

• IBM Study on Workforce Impact of AI and Automation

• US AI Companies' Voluntary Commitments and Biden's AI Focus

• NVIDIA's Bill Daily will give the Keynote Address at Hot Chips

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YouTube CEO Neal Mohan's Principles for Partnering with Music Industries on AI

In the rapidly advancing landscape of AI, its influence is reshaping creativity, idea generation, and industries. Embracing this transformative technology is crucial, but it requires a steadfast commitment to responsibility.

A recent initiative involved discussions with AI experts in YouTube and key figures in the music industry, which has a historical connection with the platform. Through collaborations with music partners like Universal Music Group, an AI framework is being developed.

This framework adheres to three core principles, aiming to amplify musical creativity, safeguard artists' rights, and maintain the integrity of their creations.

Principle #1: AI is here, and we will embrace it responsibly together with our music partners.

Principle #2: AI is ushering in a new age of creative expression, but it must include appropriate protections and unlock opportunities for music partners who decide to participate.

Principle #3: Youtube built an industry-leading trust and safety organization and content policies. We will scale those to meet the challenges of AI. Source

Chip Company 'ARM' backed by Softbank will go Public soon

British chip company Arm is anticipated to go public as early as next month, potentially representing the most significant initial public offering since late 2021 and serving as a benchmark for the IPO market, which experienced a slowdown last year.

Bernstein analysts estimated Arm's fair-market value to be around $40 billion in a July 24 note, using the limited public information from Arm and SoftBank, which is approximately 38% below the company's most recent reported valuation. Source

Surging Chinese orders for advanced US processors, primarily from Nvidia

• Chinese orders for advanced US processors, particularly from Nvidia, have surged.

• Nvidia's chips, especially its GPUs, are crucial for training large AI models.

• Bill Dally, Nvidia's chief scientist, believes future export controls will have a greater impact as AI training requirements double every six to twelve months.

• Last year, US export controls limited chip processing speeds and data transfer rates for sales in China.

• Nvidia responded by creating specialized versions of their processors (e.g., A800, H800) to meet export control criteria.

• These chips have lower data transfer rates in China, resulting in longer AI model training times and increased costs.

• Despite limitations, H800 chips are more powerful than previously available options. Source

Elon Musk's X tests government ID-based User Verification

X (formerly Twitter) is introducing a Controversial ID verification feature for Premium "Blue" subscribers, requiring a Selfie and Government ID submission.

The process is facilitated by Israeli company Au10tix, utilizing AI and machine learning to verify users quickly. X aims to enhance safety and security while preventing impersonation.

The move raises debates on internet anonymity and privacy infringement, with potential benefits in curbing misinformation. Some view verification as a means to address child safety concerns, regulate online identities, and combat disinformation.

This development echoes similar efforts in online verification and reflects a growing trend towards identity validation across various platforms.

IBM Study on Workforce Impact of AI and Automation

• Executives predict 40% of employees (1.4 billion) will need reskilling within three years due to AI and automation implementation.

• Entry-level positions to experience the most significant transformation due to generative AI.

• 87% of executives believe AI will augment, not replace, employees' capabilities.

• Workers prioritize engaging, impactful work over compensation, job security, and flexible arrangements.

• Successful tech adopters who reskill for tech-driven job changes report revenue growth premium of 15% and 36% higher growth rate focusing on AI.

• Technical skills are shifting from priority to least priority, with emphasis on people skills, team management, effective communication, and adaptability. Source

US AI Companies' Voluntary Commitments and Biden's AI Focus

• Seven leading US AI firms voluntarily commit to AI safeguards under White House announcement.

• Companies pledge to uphold safety, security, and trust standards in AI development.

• President Biden emphasizes the importance of safety, security, and transparency in AI.

• Commitments include testing, addressing bias, sharing risk information, and transparency measures.

• Biden Administration has previously introduced an AI Bill of Rights and signed an executive order to address AI risks.

• Former Sen. Byron Dorgan highlights the complexity of AI regulation and the urgency for Congress to act. Source

NVIDIA's Bill Daily will give the Keynote Address at Hot Chips

• Bill Dally will highlight GPU silicon, systems, and software advancements for improved performance.

• Techniques like mixed-precision computing, high-speed interconnects, and sparsity to enhance generative AI models.

• Dally's speech on August 29 at Hot Chips, an event for leading processor and system architects.

• Event covers tutorials on AI inference and chip-to-chip interconnects starting August 27. Source

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Product Launches & AI Fundings

• ChainGPT launches Solidus AI Tech, a Web3 service provider

• Viome Life Sciences Secures $86.5 Million in Series C Funding Round - a Bellevue, WA-based longevity and preventative healthcare company intends to use the funds for research and development and retail expansion efforts.

• Verdigris Raises $10M in Funding - a Moffett Field, CA-based provider of AI-powered energy management solutions

• Beamer, offering no-code product engagement tools, has secured a $20 million growth equity investment from software-as-a-service company Camber Partners

• Startup Hypergro.ai raises Rs 7 crore from Silverneedle, Huddle, TDV and others

• Mendaera Raises $24M in Series A Funding

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