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OpenAI offers $100,000 for ideas on AI governance

PLUS: NVIDIA close to being first trillion-dollar chip firm on AI use

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AI Snippets
May 26, 2023

Dear AI Snippets Readers, today we’ll look at why OpenAI offers $100,000 for ideas on AI governance 🗳️ and why Nvidia is close to being the first trillion-dollar chip firm on AI use 💰. Let’s get right into it 👇🦾

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1) OpenAI offers $100,000 for ideas on AI governance

OpenAI has announced a $1 million fund to award 10 equal grants of $100,000 each for experiments in democratic processes to govern AI software and address biases. The grants will support frameworks that tackle questions such as whether AI should criticize public figures and how it should consider the "median individual" globally.

OpenAI's move comes amid concerns of bias and misinformation in AI systems like ChatGPT, and the company has been a vocal advocate for AI regulation, although it recently expressed concerns about over-regulation in the European Union's proposed AI Act.

2) Nvidia close to being first trillion-dollar chip firm on AI use

Nvidia Corp stock surged by 26 percent, bringing it closer to a market value of $1 trillion, driven by a stellar revenue forecast that highlighted the untapped potential of artificial intelligence.

The positive earnings report also sparked a rally in the chip sector and AI-focused firms, boosting stock markets worldwide and prompting analysts to raise their price targets on Nvidia stock.

3) Governments Need to 'Move Faster' on AI Rules, Says Microsoft President

Microsoft has called for regulation of artificial intelligence (AI), particularly generative AI tools, as concerns grow over its potential risks. The company suggests developers should obtain licenses for advanced AI projects and that high-risk AI should operate only in licensed data centers.

Microsoft emphasizes the need for shared responsibility among companies and governments in managing the societal impact of AI, despite its own significant investments in the technology through collaborations with OpenAI and integration of AI chatbots into its products.

AI Image of the Day

AI generated image of four politicians and some guy from my N/A meeting. (Image: @TimDillonCirclejerk/Reddit)

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