UKs PM Rishi Sunak announced plans to set up the world's first AI Safety Institute

Today's issue is brought to you by our sponsor - Koala. Accelerate Your Content Creation with this (better than ChatGPT) AI Tool!

📰 Quick News 📰

👨🏽 UK's Prime Minister Rishi Sunak recently announced his plans to set up the world's first AI Safety Institute in the country. This new establishment will be tasked with investigating, assessing, and testing all new types of AI to identify potential risks, from social harm like bias to more detrimental threats. His plan also includes forming a global panel of experts on AI, akin to the Intergovernmental Panel on Climate Change, with the ambition to publish a state of AI science report.

+ The UK's AI safety summit has hit a snag, with nations suggesting using existing entities like the UN for further research. This might be a setback for the UK government's plans but opens a new path to explore AI safety through familiar channels.

🕷️ Google has widened its vulnerability rewards program to include generative AI threats. This extended protection will incentivize ethical hackers to discover potential threats, strengthening AI safety and mitigating hidden vulnerabilities.

👨‍🎨 Shutterstock has introduced AI-powered tools that enable you to edit its library images. One tool, the Magic Brush, allows amendments to an image by brushing over an area and inputting desired changes. Other features include an AI-induced background removal tool and an automatic shape adjuster to conform an image to specified dimensions.

🌎 Google Maps is gaining more AI-powered enhancements, leading to a more immersive navigation experience and an organized search interface. It's all about providing an experience that's strikingly similar to Google Search, with rich information and vast options available at your fingertips.

🚕 Uber has started offering fully autonomous rides in partnership with Waymo in Phoenix. The venture paves the way for an innovative and thrilling commute experience, opening an entirely new chapter in autonomous vehicle use.

💵 AI startup Perplexity has received a valuation of $500 million. It's massively up from a previous $150 million post-investment valuation after a funding round in March. Perplexity's search-focused service rivals with Google's SGE and chat-based tools like Anthropic's Claude.

💰 Chinese autonomous vehicle start-up, Pony.ai, has secured a significant $100 million from Saudi Arabia's mega city project, Neom. The goal is to establish a joint venture to develop, build, and roll out autonomous vehicles and smart infrastructure throughout the MENA region. 

📚 Nerd section 📚

We love to hear back from you!