CEO Fired Over AI Scandal

The AI Breakdown First Five - Tuesday December 12, 2023

5. Essential AI Raises $57m, Comes Out of Stealth

Two ex-Googler’s are building the “Enterprise Brain.” Essential AI announced $56.5m in funding to go tackle AI in a corporate setting, matching a key “integration” theme we see taking root heading into 2024.

4. Cathie Wood Doubles Down on AI with MSFT, META

Cathie Wood’s Ark Next Generation Internet ETF is beefing up its AI exposure with its first investment into Microsoft in around 9 months. The fund also purchases an additional 10,000+ shares of Meta after 5 months.

3. The First US AI Election Robocaller

In an inevitable “first” of the upcoming US election season, a Democrat running for Congress in Pennsylvania has deployed “Ashley” - an AI powered robocaller that analyses voter profiles and can tailor conversations around their issues.

2. EU Hashes Out Details of AI Act

After reaching the next level of political agreement on the AI Act, European technical experts are now meeting to try to get specific around questions like the scope of the laws and how they will work in practice. Meanwhile, some prominent European politicians like France’s Emmanuel Macron are worried that the rules will hamper innovation.

1. Sports Illustrated Publisher Fires CEO Over AI

Remember that debacle where Sports Illustrated was publishing stories with fake author names and profile photos, but saying it was to protect the anonymity of human writers? Well, publisher Arena Group wasn’t buying it and just fired the CEO.

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