China urges local companies to stay away from Nvidia’s chips: Bloomberg reports Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence chips instead of Nvidia Corp. products, part of the nation’s effort to expand its semiconductor industry and counter US sanctions.
China to roll out cybersecurity rules covering generative AI: Nikkei reports China will implement a string of new cybersecurity rules next year, authorities announced Monday, placing an emphasis on national security and requiring companies providing generative artificial intelligence services to add extra data protection.
EU picks experts to steer AI compliance rules: On Monday, the European Commission will convene the first plenary meeting of working groups -- made up of external experts -- tasked with drawing up the AI Act’s “code of practice,” which will spell out how exactly companies can comply with the wide-ranging set of laws. Reuters
AI and globalization are shaking up software developers’ world: Their code will get cheaper. So might they. Economist
US sets new rule that could spur AI chip shipments to the Middle East: Reuters reports the US Commerce Department on Monday unveiled a rule that could ease shipments of artificial intelligence chips like those from Nvidia Corp. to data centers in the Middle East.
Crypto bros 2024: How a tiny tribe of fanatical investors could sway the election. BI
Politico partnered with Capitol AI to bring new AI features to Politico Pro.
BBC: California governor blocks landmark AI safety bill
Time: Gavin Newsom blocks contentious AI safety bill in California
Gavin Newsom vetoes sweeping AI safety bill, siding with Silicon Valley: The legislation received fierce opposition from tech giants like OpenAI and A16z as well as California Democrats in Washington. Politico
Author of vetoed California AI bill says issue ‘not going away’ Bloomberg
Mark Cuban warns the US must win the AI race ‘or we lose everything’ Fortune
OpenAI is hosting a DevDay event at its San Francisco offices.
SoftBank’s Vision Fund plans to invest $500 million in OpenAI as part of a larger funding round, the Information reported on Monday, citing a person familiar with the deal.
Apple is said to no longer be taking part in OpenAI's massive funding round.
Nikkei: SK group sheds money-losing operations to fund $60bn AI push
Japanese bicycle parts maker Shimano plans to launch a gear shifting system next year that taps artificial intelligence to assist cyclists.
Chinese AI chipmaker Cambricon Technologies Corp. soared its 20% daily limit on Monday, leading a sector rally after Bloomberg News reported Beijing was stepping up pressure on domestic companies to ditch Nvidia Corp. processors for local alternatives.
The energy boss overhauling the grid for AI and net zero Bloomberg
Nvidia chief disputes climate consequences of AI: E&E News reports the tech giant CEO downplayed the massive energy demands of data centers by saying they could be powered by wind and solar.
Enjoy the ride + plan accordingly.
-Marc
