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Today:
UK proposes 7 principles for responsible AI development
Read Time: 4 minutes
Our Report: The U.K.'s Competition and Markets Authority (CMA) has finalized its review on generative AI, proposing seven principles for the responsible development and usage of foundation models.
🔑 Key Points:
The CMA's seven proposed principles aim to ensure consumer protection and include: Accountability, Access, Diversity, Choice, Flexibility, Fair dealing & Transparency
Will Hayter, senior director for CMA's Digital Markets Unit (DMU), expressed that the regulator's objective is to nudge the market towards positive outcomes using these principles.
This report is a result of collaborative efforts from AI labs, tech firms, academics, and civil society—with results generated from over 70 different organizations.
The CMA won't quickly restrict AI advancements—and regulations, when they do come—will be specific to ensure the cutting-edge isn’t dulled by governmental oversight.
🤨 Why you should care: With AI’s potential to influence markets, these guidelines will play a pivotal role in shaping future regulatory decisions, and set the tone for other Western nations—including the US—in regulating AI.
✅ Situation-Complication-Resolution
copy & paste ⬇️
“Using the 'Situation-Complication-Resolution' framework, please write a marketing campaign outline that presents a [situation] faced by [ideal customer persona], discusses the [complication] that arises from the situation, and presents our [product/service] as the [resolution] to the problem. End with a call to action encouraging the reader to take advantage of the solution.”
🎨 High-angle photos
💡 Tip: Credit for this one goes to Stefan Looveren who illustrates the importance of angle when generating MidJourney photos.
“Street style high-angle photo from above shot from behind of a woman, shot on Afga Vista 400, natural lighting --seed 1 --v 5”
Writer, an enterprise-focused generative AI platform with clients such as Spotify, Uber, and Accenture, secured $100M in a Series B funding round— bringing their total valuation to between $500-$750M.
Writer specializes in text-generating AI models and distinguishes itself by training on non-copyrighted business writing (a huge USP when the likes of ChatGPT are facing new lawsuits weekly).
Microsoft's AI research team mistakenly shared a link that exposed 38TB of the company's private data, including backups of employee computers with sensitive information.
The error happened when they provided a link for users to download training data, granting full access to Microsoft's Azure storage account. As for right now, Microsoft is claiming that no customer data was compromised.
China's Ministry of Industry and Information Technology plans to establish standards for the metaverse, as Beijing hopes to become the global standard-setter for The Metaverse.
Recognizing challenges such as unclear definitions and market speculation, Beijing is focused on setting clear definitions of what “Metaverse Technology” actually is.
🥇 What was your favorite story from today? 🥇
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🤑 SoftBank continues spending spree with Mapbox investment
⛪️ Texas church uses ChatGPT for AI-generated service
🧍🏽Time releases “100 Most Influential People in AI” list
🪱 WormGPT—how cybercriminals are using GPT
🚕 Air Taxi development to begin in Ohio
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Until next time, Martin & Arturo.
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