YouTube gets new AI-powered ads

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Hopefully you had a relaxing weekend and you are ready to catch up 🙂 

📰 Quick News - YouTube gets new AI-powered ads, while OpenAI just replaced its "Core Values" with completely different ones

📚 Nerd section - Fondant AI releases Fondant-25M dataset of Image-Text Pairs with a Creative Commons License

📰 Quick News 📰

💕 OpenAI has quietly changed its core values, and being 'thoughtful' and 'audacious' no longer makes the cut. Moved to to "AGI focus", "intense and scrappy", "scale", "make something people love", and "team spirit".

💸 The increased adoption of AI by Wall Street banks is likely to spark a financial crisis in the near future, according to a warning by SEC's Gary Gensler. He urged for specific regulations to address how AI models are used by banks and tackle this impending risk.

🏭 The chip-equipment manufacturer, Kokusai Electric Corp., recently priced its IPO at the top of the offered range. This step led to KKR & Co., the shareholder, raising around ¥108 billion, translating to $723 million. This successful move has marked it as Japan's largest listing in almost five years.

💰 How a billionaire-backed network of AI advisers took over Washington - Open Philanthropy, a billion-dollar-backed initiative, is supporting a wide-spread network of AI advisers affecting policy across Congress, federal agencies, and think tanks. It's magnifying the potential long-term risks that future AI systems might pose to human survival, which has raised concerns about sidestepping current AI issues and benefiting associated leading AI firms.

🕷️ Microsoft has initiated this new bounty program, rewarding individuals who find vulnerabilities in their Bing AI products, with a reward potentially spanning from $2k to $15k. The program is launched in the wake of the series of glitches that have taken place in Bing Chat, raising the stakes and significance of the ongoing program.

👨‍⚕️ HARMAN, a Samsung Electronics subsidiary, has unveiled a healthcare-focused AI model, HealthGPT, designed for improving patient care, medical research, and robust decision-making, providing privacy, compliance, and security along with reduced processing costs.

🗑️ Can Language Models Replace Programmers? Researchers introduced an evaluation framework, SWE-bench, that tests the capability of language models to solve real software issues.

🧑🏿‍⚖️ The Delhi High Court upheld actor Anil Kapoor's ‘personality rights’ against AI misuse, sparking a debate on AI use in content creation. While companies like Zee Entertainment are tactfully adopting generative AI while maintaining respect for copyrights and human involvement in content creation.

🗃️ Ferett AI introduces a tool that uses AI to perform automatic background checks by scanning various information sources, offering business owners and high-net-worth individuals a way of vetting potential customers and their network.

📚 Nerd section 📚

🧩 Inside PromptBreeder: Google DeepMind New Self-Improving Prompt Technique - a groundbreaking new algorithm that evolves its own prompts to enhance performance. Through continual self-improvement and assessment, it moves closer to optimal task solving every time it "learns".

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