🤝 US, Britain, EU sign world's first AI treaty

In today's email

1. ⛱ You deserve a notif-vation

2. 🤝 US, Britain, EU sign world's first AI treaty

3. 🍎 Apple to Unveil iPhone 16 with New AI Features at 'It's Glowtime' Today

4. 🤯  Quick Takes

Read Time: 5 Minutes

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In the Know​

US, Britain, EU sign world's first AI treaty

The United States, European Union, and the United Kingdom have made history by signing the world’s first legally binding international treaty on AI. Known as the Council of Europe Framework Convention on Artificial Intelligence, Human Rights, Democracy, and the Rule of Law, this agreement aims to balance AI innovation with the protection of human rights, democracy, and the rule of law. Signed by over 50 countries, including major AI developers, the treaty marks a significant step in establishing a global regulatory framework for AI.

Key Points

• The treaty has been signed by the US, UK, EU, and countries like Israel, Norway, and Iceland, with more expected to join. It promotes global cooperation in managing AI risks.

• The treaty requires AI developers to ensure their systems respect privacy, equality, and human dignity. It provides legal recourse for individuals affected by AI-related human rights violations.

• Both sectors must comply with safeguards against AI misuse. AI systems are expected to uphold democratic principles and avoid bias or discriminatory outcomes.

• The treaty complements existing regulatory measures like the EU’s AI Act and aligns with other global initiatives such as the G7 AI pact and the Bletchley Declaration.

Although some critics argue that the treaty lacks punitive enforcement mechanisms, it represents a major milestone in regulating AI technologies globally.More countries are expected to join, further strengthening international cooperation in the AI landscape.

Apple to Unveil iPhone 16 with New AI Features at 'It's Glowtime' Today

Apple is set to unveil the iPhone 16 today, during its 'It's Glowtime' event, marking the first time the company’s new AI tools, dubbed Apple Intelligence, will be available at launch. These features include upgrades to virtual assistant Siri, image generation, text-editing tools, transcription, and more. However, regulatory issues with the EU’s Digital Markets Act may delay the rollout of some AI-powered features in Europe due to interoperability requirements. The event, which kicks off at 1 p.m. EDT/10 a.m. PDT and will be streamed on Apple's website and YouTube, is rumored to focus on enhancing AI capabilities and improving camera technology. Alongside the iPhone launch, new versions of the Apple Watch and AirPods are also expected to be introduced.

Quick Takes

• Elon Musk Denies Tesla and xAI Revenue-Sharing Agreement: Elon Musk refuted a report by The Wall Street Journal that claimed Tesla discussed sharing revenue with his AI startup, xAI, for using its models in Tesla’s Full Self-Driving software. Musk clarified on his social platform X that while Tesla gained insights from xAI engineers, there is no need to license xAI’s models for Tesla's use.

• SMB-Focused Fintech Startup Finally Raises $50 Million in Series B Funding: Miami-based fintech startup finally has raised $50 million in Series B funding and secured a $150 million credit line to expand its AI-powered bookkeeping and financial services for small and mid-sized businesses. Founded in 2018, finally has seen 300% annual revenue growth and serves over 1,500 businesses across the U.S.

That’s all for Today!

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