‘Deepfake’ caller poses as Ukrainian official in exchange with key Senator: A figure impersonating Dmytro Kuleba, the former foreign minister of Ukraine, targeted Senator Benjamin L. Cardin, the chairman of the Foreign Relations Committee, over a Zoom call. NYT
How a Chinese billionaire’s Silicon Valley splurge caught the eye of the FBI: Shan Xiangshuang’s $10bn buyout group quietly became a top US tech investor. That has triggered official concern. FT
The European Commission has revealed a list of the first 100-plus signatories to the AI Pact — an initiative focused on getting companies to publish “voluntary pledges” on how they approach and deploy artificial intelligence.
Reuters: US FTC announces crackdown on deceptive AI claims, schemes
Bloomberg: Bitcoin climbs past $65,000 ahead of $5.8 billion options expiry
AI’s trillion-dollar opportunity: The market for AI products and services could reach between $780 billion and $990 billion by 2027. Bain
OpenAI boss set for $10bn payday from move to for-profit model: Three executives depart amid reports Sam Altman’s company may ditch founding non-profit principle and hand chief executive a 7 percent stake. The Times
OpenAI pushes ahead with for-profit plans and talks to give Sam Altman a stake: Chief Technology Officer Mira Murati to step down in leadership shake-up. FT
OpenAI is just like the rest of Silicon Valley after all: Sam Altman’s company is shaking off the do-gooder shackles. Dave Lee
Meta releases Llama 3.2—and gives its AI a voice: Meta’s AI assistants can now talk and see the world. The company is also releasing the multimodal Llama 3.2, a free model with visual skills. Wired
Can machines be more ‘truthful’ than humans? A new film based on the life of Brian Eno raises some profound questions about the disruptive effects of AI. John Thornhill
Micron, the largest US maker of computer memory chips, gained the most in nearly 13 years after giving surprisingly strong sales and profit forecasts, helped by demand for artificial intelligence gear.
Enjoy the ride + plan accordingly.
-Marc
