Columbus, OH

Fortune

On Monday generative AI model startup Cohere celebrated a fresh $500 million in new funding at a $5.5 billion valuation, and on Tuesday  company said it was laying off about 20 employees (out of close to 400).

A day after raising $500 million, AI startup Cohere told staff it was laying off about 20 employees

TechRadar

X users can now play around with the new Grok-2 AI model developed by fellow Elon Musk-owned xAI. The new model is integrated into the Grok AI chatbot on X for Premium or Premium+ subscribers and comes with new features like an integrated AI image generator fueled by the open-source and recently debuted FLUX.1 model.Flux was built by former Stability AI developers who left to form Black Forest Labs. When it launched, Flux garnered praise for its human figures. Now, those capabilities are available on X, and the immediate output has varied wildly. X has apparently put very few guardrails...

Grok-2 arrives on X with AI image creation, precious few guardrails, and lots of questions

Former Google CEO Eric Schmidt spoke to Stanford students recently, making some interesting comments about how AI companies operate on the internet. The video has since been taken down after Schmidt’s comments about work from home costing Google the AI race, but his comments about AI were far more interesting. In detailing how Silicon Valley operates with AI, he highlights the ‘better to ask forgiveness than permission’ mentality that these companies have in hoovering up data.

Former Google CEO Eric Schmidt Says AI Companies Steal IP Then ‘Hire A Whole Bunch of Lawyers to Go Clean the Mess Up’ — In an Interview Now Taken Offline

New York Post

Artificial intelligence has shaken the windows and rattled the walls of nearly every business, government and institution since it exploded into mainstream consciousness following the launch of Chat-GPT less than two years ago. 

Boosters see AI ushering in a new “industrial revolution” led by thinking computers that can reason, plan, and apply knowledge to a dizzying array of industries. 

However, so far, most of the value from AI has piled up in chipmakers like NVIDIA, which briefly surged to $3 trillion in market capitalization in June, making it for a time the most valuable company in the world.



Big tech companies, who make...

AI backers tout new ‘industrial revolution’ — but is dangerous ‘singularity’ approaching?

Business Insider

People are already testing the limits of Elon Musk's Grok 2 image generator with AI depictions of politicians doing drugs.

Elon Musk's latest AI chatbot is happy to spit out the kinds of images its rivals refuse to. That could give it an edge — and go very wrong

It's no secret that despite significant investment from companies like OpenAI and Runway, AI-generated videos still struggle to achieve convincing realism at times. Some of the most amusing fails end up on social media, which has led to a new response trend on Chinese social media platforms TikTok and Bilibili where users create videos that mock the imperfections of AI-generated content. The trend has since spread to X (formerly Twitter) in the US, where users have been sharing the humorous parodies.

Chinese social media users hilariously mock AI video fails

Virginia State

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Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. On July 28, 2024, a TikTok video posted by Erica W., known as @tasteofmelanin on the platform, garnered significant attention after she exposed disturbing racist decorations in an Airbnb rental. The incident occurred in a rental property that Erica had booked, although the exact location remains unspecified. The video has since gone viral, prompting widespread concern and leading to the removal of the listing from Airbnb's platform.

Airbnb Listing Taken Down After Black Woman Finds Hanging Monkeys and Cotton Used As Decor

Pioneering tech executive Susan Wojcicki helped shape Google and YouTube and was one of the most respected executives in the tech industry. She influenced the careers of many women in tech, including former Facebook COO Sheryl Sandberg, who shared on Instagram that Susan was the person she’d regularly turn to for advice when she started her own career in tech.

5 Facts About Former Google CEO Susan Wojcicki You Should Know

The Conversation UK

I originally got introduced to Azeem Azhar, the English journalist, startup founder and investor, through his podcast and newsletter, Exponential View. My research and teaching are around the same intersection of emerging technologies, business and society, and his newsletter soon became an essential weekly briefing on the space. This made...

Books That Shook the Business World: Exponential by Azeem Azhar

Camden, NJ

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Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

A high school in London, UK will let students around the age of 15 use AI tools before taking standardized exams next year, despite experts warning that they make for a poor replacement for human teachers. As Business Insider reports, David Game College's pilot project is meant to help students...

High School Starts Replacing Teachers With AI

Following criticism over the accuracy of its AI tools, Microsoft is now cautioning users against putting too much trust in its services.The company has unveiled an updated Service Agreement indicating its AI is best seen as guidance rather than a replacement for professional advice.The updated agreement, which is set to come into play at the end of next month, also contain warnings over its Health Bots, among concern users are placing too much trust in the advice being delivered.
Microsoft says AI is no replacement for professionals
Microsoft’s revised terms specifically address the limitations of its Assistive AI: “AI services are not...

"Not a human replacement" — Microsoft alters terms of service to remind users its AI services should not be taken too seriously

New Hampshire State

ABC News

New York AG Letitia James is asking nearly a dozen tech companies to protect voters from election-related misinformation, according to a letter obtained by ABC News.

New York AG warns tech giants against allowing election-related misinformation

Wyoming State

WyoFile

Two Sweetwater County lawmakers seeking re-election filed a defamation suit Thursday against a political action committee affiliated with the hard-line Wyoming Freedom Caucus over mailers that attack them over a vote they say never happened.

Lawmakers sue Wyoming Freedom PAC over Trump-ballot mailers

Mark Zuckerberg on Monday predicted a future where hundreds of millions of people regularly wear AI-powered smart glasses like Meta's Ray-Bans.

Mark Zuckerberg predicts a future where nearly everyone is wearing AI-powered smart glasses

Ben Walter, Chase Business Banking CEO, joins 'Squawk on the Street' to discuss how AI is impacting small businesses, the easiest AI onramp for small business, and more.

Chase Business Banking CEO: Small businesses don't yet know what to do with AI

Polk County, FL

Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

Apple Inc., a company renowned for its history of revolutionary products like the Mac, iPod, iPhone, and iPad, has been relatively quiet on the innovation front in recent years. While products like the Apple Watch and AirPods have seen success, they haven’t been the life-changing devices that previous Apple innovations were. The company’s recent foray into virtual reality with the Vision Pro, though groundbreaking, is priced too high to become a mainstream success. Now, according to Bloomberg’s Mark Gurman, Apple is setting its sights on an entirely new frontier: robotics.

Apple Is Getting into Robotics, Starting With a Home Table-Top Robot: Bloomberg

Missouri State

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CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

NewsBreak

AI for landlords, Grok-2 unleashed and the latest attempt at AI regulation

Kirsten Korosec, Mary Ann Azevedo and Devin Coldewey kicked off this Friday’s episode of TechCrunch’s Equity podcast with a discussion of WeRide, a Chinese autonomous vehicle...

AI for landlords, Grok-2 unleashed and the latest attempt at AI regulation

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