The Business Of AI
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😲 OpenAI Hacked.... By China??

😲 OpenAI Hacked.... By China??

The Latest AI News

Adam Smith
July 12, 2024

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Coming up this week:

- OpenAI: Data Breach
- Nvdida: Exporting To China
- Andreessen Horowitz: Bulk Buys AI Chips
- Microsoft: Exits OpenAI Board

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

FEATURED STORY 🔥

OpenAI Security Breach: Concerns Over Foreign Espionage

In early 2023, a hacker infiltrated OpenAI's internal messaging systems, stealing information about the company's AI technologies.

The breach was disclosed to employees and the board of directors, but not to the public or law enforcement, as no customer data was compromised and the hacker was believed to be a private individual.

The incident raised concerns among employees about potential theft of AI technology by foreign adversaries like China, and sparked debates about the company's security measures.

Following the breach, Leopold Aschenbrenner, a former OpenAI manager, criticized the company for not doing enough to protect its secrets from foreign theft. OpenAI, however, disagreed with Aschenbrenner's claims about their security.

The incident has highlighted the potential risks associated with AI technology and the need for robust security measures.

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TRENDING STORIES 🔥

Nvidia Defies U.S. Export Controls in China

Despite U.S. export controls, Nvidia is set to sell $12 billion of AI chips in China this year. The company's new H20 chips, designed to meet U.S. restrictions, are expected to double the sales of Huawei's rival product, Ascend 910B. This marks a significant revenue increase from last year.

Venture capital giant Andreessen Horowitz has acquired thousands of GPUs, such as Nvidia's H100 processors, to secure deals with AI startups, according to The Information.

Microsoft has stepped down from OpenAI's board, citing improved governance at the AI firm. The move, effective immediately, follows intensified antitrust scrutiny of their partnership. Microsoft had joined the board after a leadership shake-up at OpenAI and invested $13 billion in the company.

AI Image Of The Week 📷️

MidJourney Prompt: A monochrome pencil drawing in black and white, featuring an American beautiful girl with vivid blue eyes as the only color, natural expression, wearing elegant dress.

Credit.

EYE OPENING NEWS 🧠

OpenAI Challenges NYT on Copyright Claims

OpenAI is contesting a copyright lawsuit by the New York Times, requesting access to the newspaper's journalistic sources to prove the originality of content. The Times, citing overreach and reporter's privilege, refuses to comply, leading to a legal dispute over the nature of copyrighted material.

X Enhances App with Grok AI Features

X is integrating Grok AI more deeply into its platform, enabling users to interact with the AI via pop-ups, text highlights, and profile inquiries. These updates, discovered by researcher Nima Owji, are not yet public but mimic functionalities seen in other tech giants' apps.

YouTube Enhances Copyright Music Eraser Tool

YouTube has updated its Erase Song feature, allowing creators to remove copyrighted music from videos while preserving other sounds. The AI-powered tool aims for precision but may require muting entire sections if unsuccessful. This improvement follows its initial beta version, which had accuracy issues.

Samsung Bolsters AI In Foldable Phones And Health Monitoring

Samsung introduced lighter, slimmer foldable smartphones with enhanced AI and health monitoring features. The Galaxy Z Fold 6 and Z Flip 6 boast improved battery life and camera resolution. New accessories include a smart ring for health tracking and device control. Prices start at $1,099.99, slightly higher than last year.

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FUNDRAISING 🤑

Index Ventures Secures $2.3B for New Funds

London's Index Ventures successfully raised $2.3 billion to support two new investment funds. This significant funding boost aims to expand their influence in the venture capital market.

Hebbia Secures $130M in Series B Funding

Hebbia, an AI technology firm, has raised $130 million in a Series B round led by Andreessen Horowitz. The company aims to revolutionize productivity for knowledge workers by enhancing AI interaction, already impacting major industries globally.

Quantum Rise Secures $15M in Seed Funding

Quantum Rise, specializing in AI-driven automation, raised $15 million from Erie Street Growth Partners. The Chicago-based startup aims to enhance enterprise efficiency with tailored AI solutions, leveraging a "Consulting 2.0" model. This funding marks a significant step in their growth trajectory.

Volley Secures $55M for AI-Powered Games

Volley, leading in AI-powered voice games, raised $55 million in a Series C round co-led by Microsoft's M12 and Lightspeed. The funding will boost development of new voice-controlled games, leveraging advanced AI technologies to expand its market reach.

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