May 4, 2023, 11:35 AM

Top News

David McCabe / New York Times:
The White House announces plans to combat AI's risks, including $140M for new research and draft guidelines for agencies to ensure the safe use of AI  —  Vice President Kamala Harris also plans to meet with the chief executives of tech companies that are developing A.I. later on Thursday.
Financial Times:
The UK CMA launches a “fact-finding” review of the AI market, including LLMs, to assess opportunities, guardrails, and principles to protect competition  —  CMA chief Sarah Cardell says the regulator will examine technology behind software such as ChatGPT
Lina M. Khan / New York Times:
The FTC Chair calls for regulating AI, saying the tech could fuel market dominance and collusion by large firms, increase fraud and discrimination, and more  —  It's both exciting and unsettling to have a realistic conversation with a computer.  Thanks to the rapid advance …
Tom Warren / The Verge:
Microsoft opens its Bing chatbot to all, removing the waitlist, and announces new features, including image and video results, chat history, and plug-in support  —  Microsoft is making its Bing GPT-4 chatbot available to everyone today, no more waitlist necessary.
Annie Palmer / CNBC:
Shopify offloads its logistics unit to supply chain tech company Flexport, a reversal after years of building the operation and acquiring Deliverr for $2.1B  —  - Shopify is selling its logistics unit to supply chain technology company Flexport.  — The Canadian e-commerce company …
Ilya Banares / Bloomberg:
Shopify reports Q1 revenue up 25% YoY to $1.5B, above $1.43B analyst estimates, GMV up 15% to $49.6B, and plans to cut 20% of its staff; SHOP jumps 20%+  —  Shopify Inc. cut jobs for the second time in less than a year and agreed to sell the majority of its logistics business to Flexport Inc …
Emma Roth / The Verge:
Discord plans to remove the four-digit tag after its usernames to make it “easier to connect” with others, forcing users to pick a username with the @ symbol  —  Discord is taking away the four-digit tag that it puts after its usernames as it looks to make it “easier to connect” with other users.
Alf Wilkinson / Financial Times:
A experiment using ChatGPT to pick 38 stocks finds the portfolio rose 4.9% compared to an average 0.8% loss for 10 popular funds over eight weeks  —  Theoretical fund of 38 stocks do better than 10 most popular funds on Interactive Investor, finds  —  Latest news on ETFs
Lauren Feiner / CNBC:
The FTC proposes barring Meta from monetizing kids' data, accusing the company of violating a 2020 order with its privacy program and COPPA with Messenger Kids  —  - The Federal Trade Commission proposed to bar Facebook parent company Meta from monetizing kids' data after it says the company violated …
Coinbase plans to stop issuing loans in the US via its Borrow program starting May 10 due to low demand; a source says the move is unrelated to the SEC troubles  —  May 10 is the final day customers will be allowed to take out new loans through Coinbase Borrow.  —  Coinbase Borrow's days are numbered.
Jemima Kelly / Financial Times:
Twitter's Community Notes have become a surprise hit, offering fact-checking through a crowd-sourced consensus and modeling a fairer, more transparent approach  —  The strength of the platform's Community Notes feature is that it works through consensus  —  I think I might have let out an audible groan …
Ron Miller / TechCrunch:
Salesforce announces SlackGPT, planning to add generative AI features to Slack to summarize meetings and more, and will incorporate EinsteinGPT into Slack  —  Slack has evolved from a pure communications platform to one that enables companies to link directly to enterprise applications without having …
Steven Melendez / Fast Company:
Khan Academy pilots Khanmigo, a GPT-based chatbot to help students with math problems, debugging code, debating, and other topics without enabling cheating  —  Sal Khan, founder and CEO of online learning nonprofit Khan Academy, wants to turn GPT into a tutor.
Meir Orbach / CTech:
Novidea, which offers software spanning every aspect of an insurance business, raised a $50M Series C, brining its total funding to $90M  —  Using an open API architecture, Novidea's software platform enables brokers, agents, and MGAs to modernize and manage the customer insurance journey
More: Novidea and FinSMEs
Benj Edwards / Ars Technica:

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