OpenAI establishes new AI safety committee and Elon's xAI now valued at $24B after series B funding 💰

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👨‍💻OpenAI establishes safety committee for new AI model

• OpenAI has established a Safety and Security Committee as it embarks on training its next advanced AI model, the company announced on Tuesday. The committee will be chaired by key board members, including CEO Sam Altman, directors Bret Taylor, Adam D'Angelo, and Nicole Seligman. This move comes as OpenAI, backed by Microsoft, continues to address safety concerns surrounding its generative AI chatbots, which can engage in human-like conversations and create images from text prompts. Read more

💰Elon’s xAI now valued at $24B after series B funding

• Elon Musk's AI startup xAI has raised an impressive $6 billion in series B funding, catapulting its post-money valuation to $24 billion. This substantial investment signals strong confidence in xAI's potential to compete with AI giants like OpenAI and Google. Key backers in this round include Andreessen Horowitz and Sequoia Capital. Read more

✋Google’s AI search is facing backlash after making stuff up

• Google's new AI search tools, touted to “do the work for you,” are already facing backlash for providing factually incorrect results. Launched earlier this month, the AI-generated search results overview tool aims to summarize search results for quicker answers. However, inaccuracies have surfaced, prompting Google to walk back some of its AI outputs. Users on X highlighted several errors, including a summary falsely claiming former President Barack Obama is a Muslim and another stating that none of Africa’s 54 countries start with 'K,' ignoring Kenya. Google confirmed these AI overviews were removed for policy violations. Read more

🤝 OpenAI CEO vows to give away half of his wealth

• OpenAI CEO Sam Altman and his husband, Oliver Mulherin, have joined the ranks of billionaires committed to philanthropy by signing the Giving Pledge, a campaign encouraging the ultra-rich to donate at least half of their wealth to charitable causes. Altman, worth over $2 billion largely from startup investments like Reddit, expressed gratitude for the societal support that enabled their success, stating, "There is nothing we can do except feel immense gratitude and commit to pay it forward." The Giving Pledge, launched in 2010 by Warren Buffett and Bill and Melinda Gates, seeks to inspire conversations and actions about purposeful giving. Read more