❌ Meta and Spotify Challenge EU AI Regulations

Plus: A $1M Fine Deepfake Robocall

Together with

In today's email

  1. 💰Everyday investors net +$60M in proceeds from the sale of exclusive assets

  2. ❌ Meta and Spotify Challenge EU AI Regulations

  3. 📞 Telecom Company Fined $1M for Deepfake Robocall

  4. 🤯 Quick Takes

Read Time: 5 Minutes

Together With Masterworks

Everyday investors net +$60M in proceeds from the sale of exclusive assets

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In the Know​

Meta and Spotify Challenge EU AI Regulations

Meta and Spotify have jointly raised concerns about European Union regulations on AI, arguing that current rules hinder innovation and the development of open-source AI technologies. Both companies assert that the lack of clear legislation is preventing them from leveraging AI to its full potential, particularly in the European market.

Key Points

  • Meta and Spotify claim that EU privacy regulations are restricting their ability to train AI models on public data, limiting the growth of AI technologies in Europe.

  • Meta warns that delaying AI model development due to unclear regulations means Europeans may miss out on the latest AI advancements, which could hinder the region's access to cutting-edge technology.

  • Meta confirmed it would withhold the release of its next multimodal AI model in the EU, citing regulatory uncertainty as the reason for this decision.

  • Spotify highlighted its investment in AI as a key factor in its success, emphasizing the need for simplified regulations to support the growth of open-source AI and benefit European developers and artists.

Meta and Spotify are urging EU regulators to provide clearer guidelines on AI to ensure that innovation is not stifled. They argue that without regulatory clarity, Europe risks falling behind in AI development, which could have broader implications for the region’s technological advancement and global competitiveness.

Telecom Company Fined $1M for Deepfake Robocall

Lingo Telecom, a voice service provider, has agreed to pay a $1 million fine for its involvement in distributing a deepfake robocall that used an AI-generated voice impersonation of President Joe Biden before the New Hampshire Democratic primary. The robocall, which was transmitted through spoofed phone numbers, aimed to mislead voters in January's Democratic primary. The Federal Communications Commission (FCC) has also fined Kramer $6 million and charged him with 26 criminal counts, including voter intimidation and impersonating officials in New Hampshire.

Quick Takes

  • Former OpenAI Researchers Criticize Company’s Opposition to AI Safety Bill: Two former OpenAI researchers, Daniel Kokotajlo and William Saunders, expressed disappointment in OpenAI's opposition to California's AI safety bill, SB 1047, calling the company's stance contradictory to its previous calls for AI regulation. They urged California Governor Gavin Newsom to sign the bill, hoping it would help OpenAI fulfill its mission of safely developing AGI.

  • DeepMind Employees Express Concern Over Google's Defense Contracts: At least 200 workers at Google's AI division, DeepMind, have voiced their discontent with the company's reported defense contracts, particularly with the Israeli military. In a May 16 letter, they argued that such contracts conflict with Google's AI ethics and the company's mission statement.

That’s all for Today!

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