Emilia David / VentureBeat:
OpenAI introduces Rule-Based Rewards, a method to automate some model fine-tuning and cut down the time required to ensure a model behaves safely — OpenAI announced a new way to teach AI models to align with safety policies called Rules Based Rewards. — According to Lilian Weng …
The UK’s FCA fines Coinbase £3.5M for providing payment services to over 13,000 “high-risk” customers, in its first enforcement action against a crypto company (Financial Times)
Financial Times:
The UK’s FCA fines Coinbase £3.5M for providing payment services to over 13,000 “high-risk” customers, in its first enforcement action against a crypto company — Penalty for exchange’s payments unit is first enforcement action by FCA against a crypto company
We need a US-led global coalition of like-minded countries and a new strategy to ensure that a democratic vision for AI prevails over an authoritarian one (Sam Altman/Washington Post)
Sam Altman / Washington Post:
We need a US-led global coalition of like-minded countries and a new strategy to ensure that a democratic vision for AI prevails over an authoritarian one — Sam Altman is co-founder and CEO of OpenAI. — Who will control the future of AI? — That is the urgent question of our time.
DefiLlama and Wintermute: the aggregate market cap of stablecoins crossed $164B for the first time since the collapse of Terra in May 2022; USDT is at $114.26B (Omkar Godbole/CoinDesk)
Omkar Godbole / CoinDesk:
DefiLlama and Wintermute: the aggregate market cap of stablecoins crossed $164B for the first time since the collapse of Terra in May 2022; USDT is at $114.26B — Renewed expansion in stablecoins is bullish for the broader crypto market. — Expansion of the stablecoin market is bullish for the broader crypto ecosystem.
Crunchbase: in H1 2024, generative AI startups raised $500M across 198 angel/seed deals, $8.7B across 39 early-stage deals, and $3.1B across 18 late-stage deals (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Crunchbase: in H1 2024, generative AI startups raised $500M across 198 angel/seed deals, $8.7B across 39 early-stage deals, and $3.1B across 18 late-stage deals — Investments in generative AI startups — those that are creating AI-powered products to generate text, audio, video and more — aren’t slowing down.
Google debuts new Maps features in India to help users easily navigate though flyovers and narrow roads, says it built an AI model specifically for Indian roads (TechCrunch)
TechCrunch:
Google debuts new Maps features in India to help users easily navigate though flyovers and narrow roads, says it built an AI model specifically for Indian roads — Google is adding a slew of new features to Google Maps in India as it seeks to become a one-stop-shop for navigation and travel in the country.
After investigating how Meta handles AI-generated explicit images, Oversight Board asks Meta to use the terminology “non-consensual” over “derogatory”, and more (Ivan Mehta/TechCrunch)
Ivan Mehta / TechCrunch:
After investigating how Meta handles AI-generated explicit images, Oversight Board asks Meta to use the terminology “non-consensual” over “derogatory”, and more — Following investigations into how Meta handles AI-generated explicit images, the company’s semi-independent observer body …
Beijing-based AI startup Baichuan raised about $687M at a $2.8B valuation from investors, including Beijing, Shanghai, and Shenzhen governments, and Alibaba (Bloomberg)
Bloomberg:
Beijing-based AI startup Baichuan raised about $687M at a $2.8B valuation from investors, including Beijing, Shanghai, and Shenzhen governments, and Alibaba — – Baichuan joins MiniMax and Moonshot in getting Alibaba support — China seeks to counter US curbs by investing in emerging tech
Revolut secures a preliminary UK banking license, ending a three-year long regulatory battle; the London-based fintech has ~9M UK customers and 45M+ globally (Akila Quinio/Financial Times)
Akila Quinio / Financial Times:
Revolut secures a preliminary UK banking license, ending a three-year long regulatory battle; the London-based fintech has ~9M UK customers and 45M+ globally — London-based fintech receives approval from regulators in boost to expansion plans — Revolut said it had secured a UK banking licence …
A NASA-funded study of satellite data finds traffic-related N02 pollution spiked ~20% near ~150K large US warehouses, which have proliferated due to e-commerce (Justine Calma/The Verge)
Justine Calma / The Verge:
A NASA-funded study of satellite data finds traffic-related N02 pollution spiked ~20% near ~150K large US warehouses, which have proliferated due to e-commerce — The data is in, and it shows a significant rise in air pollution where e-retailers build their warehouses …
