AI @ Noon | August 20

We can’t let EU’s anti-AI rules drag us down too: Hastily drafted in response to ChatGPT, these curbs will stunt tech in its infancy — and have a harmful effect here. Rohan Silva

Donald Trump has posted a series of AI-generated images on his Truth Social account, falsely claiming that Taylor Swift has endorsed him for president, Variety reports.

Trump’s AI fakes of Harris and Swift aren’t meant to fool you: These aren’t credible deepfakes. They’re provocative memes. Will Oremus

CNBC: Trump says he would offer Tesla CEO Elon Musk a Cabinet slot, but might end EV tax credit

Mayoral candidate vows to let VIC, an AI bot, run Wyoming’s capital city 
WP

Pressure to ban mobile phones in America’s schools intensifies: Restrictions on the use of devices have been shown to improve students’ performance. Patti Waldmeir

How to deal with mobile phones at school: New York City and Los Angeles plan to ban phones in their districts, but finding ways to implement and enforce the policies may prove tricky. Bloomberg

AMD signs $4.9bn deal to challenge Nvidia’s AI infrastructure lead: FT reports the California group hopes acquisition of ZT Systems will accelerate adoption of its data centre chips.

AMD deal shows AI chip business isn’t just about chips: WSJ reports the acquisition of ZT Systems brings needed hardware expertise, while divestiture plans should spare AMD a margin hit.

Artificial intelligence is losing hype: For some, that is proof the tech will in time succeed. Are they right? Economist

Start-up failures rise 60% as founders face hangover from boom years: Private company shutdowns jump compared with last year despite AI funding frenzy, threatening millions of jobs at VC-backed firms. FT

Enjoy the ride + plan accordingly.

-Marc