📩 Musk's open letter

Plus: Understand AI’s Risks and Opportunities

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In today's email

  1. 🛑 Understand AI’s Risks and Opportunities

  2. 📩  Officials Urge Elon Musk to Fix X’s AI Election Error

  3. 🤖 Nvidia’s AI Chip Delay

  4. 🤯 Quick Takes

Read Time: 5 Minutes

Understand AI’s Risks and Opportunities

With the rapid growth of AI, it's crucial for businesses to understand both the risks and opportunities it presents. Discover how you can utilize AI to drive success while minimizing potential pitfalls.

In the MIT Artificial Intelligence: Implications for Business Strategy online short course you’ll gain:

  • Practical knowledge and a foundational understanding of AI's current state

  • The ability to identify and leverage AI opportunities for organizational growth

  • A focus on the managerial rather than technical aspects of AI to prepare you for strategic decision making

In the Know

Officials Urge Elon Musk to Fix X’s AI Election Error

Five secretaries of state are set to issue an open letter to Elon Musk, urging him to make urgent changes to X’s AI chatbot, Grok. The chatbot recently disseminated incorrect information about ballot deadlines that could mislead voters ahead of the 2024 elections.

Key Points

  • The letter, led by Minnesota Secretary of State Steve Simon and signed by counterparts from Pennsylvania, Washington, Michigan, and New Mexico, criticizes Grok for sharing false information regarding ballot deadlines following President Biden's campaign suspension.

  • Grok's incorrect posts suggested that deadlines had passed for several states.

  • The secretaries demand that X correct these inaccuracies and direct Grok users to reliable sources like CanIVote.org for accurate election information.

  • This incident highlights ongoing concerns about AI-driven misinformation and the need for social media platforms to address errors promptly.

The letter aims to ensure that voters receive accurate information and prevent similar issues from impacting future elections.

Nvidia’s AI Chip Delay

Concerns about Nvidia's potential delay in launching its Blackwell AI chips may be overstated, according to analysts. Despite reports of a possible three-month setback due to design issues, experts like Bernstein’s Stacy Rasgon argue that this delay is unlikely to significantly impact Nvidia's revenue or market share. With strong demand for Nvidia's existing Grace Hopper chips and continued growth in capex from major tech firms, the company’s dominant position in the AI chip market remains robust. Analysts at TD Cowen also believe that minor delays will be addressed through updates, with overall demand for Nvidia’s chips expected to drive substantial data center revenue into 2025.

Quick Takes

  • OpenAI Co-Founder John Schulman Joins Anthropic: John Schulman, a co-founder of OpenAI, has left the company to join rival AI startup Anthropic, focusing on AI alignment research. Additionally, OpenAI president Greg Brockman is taking an extended leave until the end of the year for personal rejuvenation.

  • Placer.ai Raises $75M, Valuation Hits $1.5B: Placer.ai, a startup specializing in AI-driven location analytics, has secured $75 million in funding, boosting its valuation to approximately $1.5 billion. The company, which provides detailed location-based insights across various industries, plans to use the new funds for business development and enhancing its platform’s features.

That’s all for Today!

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