Central banks urged to keep pace with ‘game changer’ AI: Technology will have profound impact on global financial system, says Bank for International Settlements. FT

Central banks must prepare for profound impact of AI, BIS says: Reuters reports in its first major report into the rapidly advancing world of AI, the central banking umbrella group said policymakers need to harness its immense power to monitor data in real time in order to "sharpen" their inflation-predicting abilities.

Fortune: Federal Reserve governor says AI is ‘not going to replace’ central bankers—at least not yet

The Department of Homeland Security has made its first 10 hires for its new AI Corps: Axios reports the new 50-person AI Corps, modeled after the US Digital Service, will study ways to tap AI across DHS's portfolio, including countering fentanyl trafficking, combating online child sexual exploitation and enhancing cybersecurity.

'Humans are essential for training AI': Behind artificial intelligence, there's a whole process of collecting, verifying, and annotating data carried out by humans. French sociologists Maxime Cornet and Clément Le Ludec explain that this is largely outsourced, notably to Madagascar. Le Monde

AI isn’t dumb, but it might be dumber than you think: It’s time to get real about what AI can and can’t do. Shira Ovide

Bloomberg: OpenAI delays launch of voice assistant to address safety issues

+ Company says it needs extra month to “reach our bar to launch”

+ Voice feature was a key focus at launch event in mid-May

Amazon is working on a rival to ChatGPT to launch this September.

Bloomberg: OpenAI taking steps to block China’s access to its AI tools

+ OpenAI reportedly sent warnings to developers across China

+ Chinese firms like Zhipu announced incentives for switching

21 billion: Accenture’s generative AI business is booming. The consulting firm’s practice, which helps companies use AI technology to become more efficient, now has $21 billion worth of contracts, up from $17 billion this time last year. 

New weapons will eclipse atomic bombs. Their builders ask themselves this question. Autonomous weapons will be built. The only questions are who will build them and for what purpose. Alexander C. Karp + Nicholas W. Zamiska

Microsoft faces a hefty antitrust fine after the European Commission on Tuesday accused it of illegally linking its chat and video app Teams with its Office product.

Enjoy the ride + plan accordingly.

-Marc