Coming up this week:

- Microsoft: Fined 1% Of Revenue
- OpenAI: Scarlett Fights Back
- Microsoft: AI Laptops
- Amazon: Charging for Alexa

And much more… Learn how these unfolding narratives are shaping The Business of AI.

FEATURED STORY 🔥

EU To Fine Microsoft 1% Of Global Revenue Over AI

The European Union has issued a warning to Microsoft, stating it could face fines amounting to 1% of its global annual revenue if it fails to provide specific documents regarding its generative AI tools by May 27.

This action follows Microsoft's incomplete response to an EU request in March, which sought information on the systemic risks associated with these AI technologies.

The EU's concerns are particularly focused on Microsoft's search engine Bing and its AI features, which include potential risks to civic discourse and electoral integrity. The Digital Services Act mandates large platforms like Bing to assess and mitigate risks such as misinformation.

Microsoft has expressed its commitment to compliance and digital safety, emphasizing ongoing cooperation with the EU. If Microsoft does not comply by the deadline, the EU may also impose additional daily penalties.

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TRENDING STORIES 🔥 

OpenAI Halts AI Voice Amid Scarlett Johansson Dispute

OpenAI has discontinued its new AI voice, "Sky," after Scarlett Johansson alleged it mimicked her voice without permission. Johansson's legal team demanded details on the voice's development, claiming it closely resembled hers from the film "Her." OpenAI initially denied any connection but paused the voice to address concerns.

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Microsoft Unveils AI-Optimized Copilot+ PCs

Microsoft introduced Copilot+ PCs, a new line of AI-optimized Windows computers, at their latest campus event. These devices feature advanced silicon for high-speed operations, all-day battery life, and enhanced AI capabilities like real-time image generation and multilingual live captions. Pre-orders start today, with sales beginning June 18, starting at $999.

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Amazon to Charge for AI-Enhanced Alexa

Amazon plans to introduce a subscription-based, AI-powered version of Alexa to enhance conversational capabilities. This update aims to compete with advanced AI chatbots from Google and OpenAI. The new service, launching later this year, will not be included in the Prime membership.

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AI Image Of The Week 📷️ 

MJ Prompt: Superman vs. King Kong in Metropolis. Superman, dressed in his iconic blue suit with red cape, hovers in mid-air, his fist extended forward, ready for action. King Kong, a massive and powerful ape, stands amidst the urban landscape, towering over buildings, with a confused yet fierce expression. The backdrop shows the city of Metropolis in chaos, with damaged buildings, cars, and panicked civilians running. The sky is bright with the sun setting, casting an orange glow over the scene. Superman's determination and strength are evident, while King Kong's size and power dominate the frame. The image should capture the intensity and excitement of the clash between these two iconic characters

EYE OPENING NEWS 🧠 

OpenAI Fails to Honor AI Safety Team Commitment

OpenAI promised 20% of its computing resources to its Superalignment team, tasked with controlling future superintelligent AI. However, the team was disbanded less than a year later without receiving the promised resources, amid claims of prioritizing product launches over AI safety. This has raised doubts about OpenAI's public commitments.

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Microsoft Unveils AI Copilots for Business Automation

Microsoft introduces AI Copilots designed to perform tasks autonomously, enhancing productivity by handling routine duties like email monitoring and data entry. This shift aims to free employees from mundane tasks, allowing them to focus on more complex responsibilities. Early tests are underway, with broader previews planned later this year.

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OpenAI Secures Content Deal with News Corp

OpenAI has partnered with News Corp, gaining access to content from major publications like the Wall Street Journal. This collaboration will improve ChatGPT's responses and summaries. The deal, potentially worth $250 million, ensures content isn't immediately used by ChatGPT post-publication. News Corp's stock rose 4% following the announcement.

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AI Integration Challenges Traditional Management

A recent survey reveals that most white-collar workers use AI without employer knowledge, fearing repercussions. This widespread, covert use underscores the urgent need for companies to redefine management roles and acknowledge AI's growing influence in everyday tasks, challenging traditional assessments of employee contributions and organizational processes.

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Google Unveils AI Overviews in Search

Google announced the rollout of AI Overviews in Search across the U.S., with plans to expand globally. This new feature will provide AI-generated summaries at the top of search results, aiming to streamline information retrieval but raising concerns about reduced traffic to external websites.

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5 Tools to Boost Your Productivity

- Generate personalized visually stunning stories in just one minute. Dorosi
- Generate videos from simple text in one minute. Moonvalley
- Craft social media posts and art, in just seconds with AI. Questgen
- Generate high-quality, engaging content 10x faster. Vidiofy
- Chat, generate, and design without limits using Generative AI. Venturus AI

Want your tool featured here? Hit reply and tell us a little about it 😍 

FUNDRAISING 🤑 

Voxel51 Secures $30M for AI Development

Voxel51 raised $30 million to enhance its visual AI platform, aiming to improve AI project success rates. The funding will expand technology, scale datasets, and grow the team. Total funding now nears $46 million, with the company's valuation undisclosed.

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Scale Secures $1B to Advance AI Data

Scale, an AI data foundry, has raised $1 billion, achieving a $13.8 billion valuation. The funding, led by Accel and supported by multiple investors including Cisco and Intel, will enhance Scale's role in powering major AI advancements.

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H Raises $220M for Advanced AI Tools

French AI startup H secured $220 million in funding to develop next-gen AI models. Investors include billionaires and major firms like Amazon and Samsung. H aims to create AI capable of complex reasoning and tasks, enhancing its market position in a competitive industry.

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Suno Secures $125 Million for Music Innovation

Suno raised $125 million to enhance its music-making technology, aiming to empower anyone to create music. This funding will boost product development and expand their team. Suno's mission is to make music creation accessible, blending technology with human creativity.

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