Welcome to AI News Today, your daily roundup of the biggest happenings in the AI industry.
AI startups to raise $27.1 billion in funding in Q2 2024
AI startups secured $27.1 billion in funding in Q2 2024, nearly half of the total funding for startups in the United States. Leading companies such as CoreWeave, Scale AI, and xAI have received significant investments, fueling the growth of the sector. Despite the influx of capital, AI startups face high computing costs, with 22% of expenses being spent on compute. For more information, please visit the TDR website.
AI Companies and the Cost of Training Data
AI companies are increasingly being forced to pay for high-quality training data, following major lawsuits filed by record companies including Sony (NYSE: SONY), Warner (NASDAQ: WBD) and Universal against AI music companies for using copyrighted music without permission.
California tackles AI regulation for big tech companies
California has been at the forefront of efforts to regulate AI with legislation targeting companies like Meta (NASDAQ: META) and Google (NASDAQ: GOOG), reflecting growing concerns about AI's societal impact and the need for greater oversight.
Peter Thiel talks about the future of AI
Palantir's Peter Thiel has highlighted the strategic importance of AI in global politics, suggesting that advances in AI could significantly change the balance of international power.
Nintendo Avoids Generative AI
The president of Nintendo (OTC: NTDOY) confirmed that the company has no plans to integrate generative AI into its games, instead focusing on traditional gaming experiences and creativity.
UK launches AI code of conduct
The UK has introduced a new AI Code of Conduct to guide ethical AI development. The framework aims to balance innovation and responsible practice to ensure that AI benefits society as a whole.
Read more AI news on the TDR website.
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