AI Edition - It's AI Time - 125 [17-08-2024]

AI Edition - It's AI Time - 125

California AI bill SB 1047 aims to prevent AI disasters, but Silicon Valley warns it will cause one

California's SB 1047, designed to prevent "critical harms" from large AI models, faces pushback from Silicon Valley, with stakeholders divided over its potential impact on innovation. Major industry figures and companies debate the bill's merits and consequences on AI development and safety. The bill, which requires AI model safety protocols and third-party audits, with enforcement and hefty fines outlined for non-compliance, is heading to a final Senate vote.

SoftBank's Intel AI processor plans in doubt as insiders say it is now considering a TSMC partnership

Intel failed to produce AI processors for SoftBank's Project Izanagi, leading SoftBank to explore a partnership with TSMC. Despite setbacks, SoftBank remains committed to challenging major AI players with its own hardware and data center ecosystem, potentially backed by significant investment from global partners. The move could strain SoftBank's relationship with Arm clients as it risks direct competition.

Brands should avoid “AI”

A recent study found that labeling products as "AI-powered" can decrease consumer intent to purchase due to trust issues and fears of the unknown. The research suggests that both cognitive and emotional trust are factors, with people wary of AI's inner workings and risks, especially regarding personal data privacy. Companies are advised to focus on clear messaging about AI benefits rather than using "AI" as a buzzword.

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