Welcome, innovators.

AI technology is advancing at what seems like the speed of light. With that, the need for regulation is important…but not so important that California Governor Gavin Newsom was willing to take action.

On Sunday, he vetoed a bill that would have enacted the most in-depth AI regulations to date. 

Find out more below…

In today’s newsletter:

• Today’s must-read stories 📰

• Newsom says no to AI safety bill

• Prompt of the day ✍️

Today’s must-read stories 📰 

HPC-AI Tech Secures $50 Million in Series A Funding 💰

HPC-AI Tech, an AI startup focused on software infrastructure and video generation, has raised $50 million in Series A funding from notable investors including Singtel Innov8, Sinovation Ventures, and Capstone Capital.

Jessica Hawk talks AI in the media industry 📺

Many media industry leaders see generative AI as a solution to slowing streaming growth, with 57% of CEOs believing their current models won't be viable in 10 years, a challenge they're actively embracing, according to Microsoft VP Jessica Hawk.

Microsoft CEO says more people should use AI 🤖

Microsoft CEO Satya Nadella said this about AI: “I don’t need to see more evidence ... to know that this is working and is going to make a real difference.”

Together with Guidde

Make Onboarding Easier with Guidde’s Simple Software Guides

The toughest part about onboarding new employees is teaching them how to use the software they’ll need. 

Guidde makes it easy. 

How it works: Guidde’s genAI-powered platform enables you to quickly create high-quality how-to guides for any software or process. And it doesn’t require any prior design or video editing experience. 

• With Guidde, teams can quickly and easily create personalized internal (or external) training content at scale, efficiently sharing knowledge across organizations while saving tons of time for everyone involved. 

Transform your organization today with Guidde.

Video of the Day 📽️ 

Miscellaneous resources

• Google AI Blog: Read about the latest in AI

• OpenAI Blog: In-depth insights, updates, and research breakthroughs in the field of AI.

• The Berkeley Artificial Intelligence Research Blog: Cutting-edge research, innovations, and developments from the Berkeley AI research community

• Peak is approaching, but is your customer service team ready?

  • DigitalGenius is the AI Concierge used by Reebok, Olipop, Honeylove, and AllSaints to keep customers happy by fully resolving queries in seconds, at any time and in any channel. Speak to us today to be fully ready for peak.*

• Boost your software development skills with generative AI. Learn to write code faster, improve quality, and join 77% of learners who have reported career benefits including new skills, increased pay, and new job opportunities. Perfect for developers at all levels. Enroll now.*

AI tools 🔨 

• Clari: AI-driven revenue operations platform.

• BeeDone: AI-driven gamified productivity app.

• Conversica: AI-powered sales assistant for automating lead engagement.

Together with Google

AI Startups get up to $350,000 in credits with Google Cloud

For startups, especially those in the deep tech and AI space, having a dependable cloud provider is absolutely vital to success.

Fortunately, Google Cloud exists. And it offers an experience — the Google for Startups Cloud Program — specifically designed to make sure startups succeed.

• The program importantly offers eligible startups up to $200,000 in Google Cloud Credits over two years. For AI startups, that number is $350,000.

Beyond the additional cloud credits eligible AI startups get access to, AI startups will also get access to Google Cloud’s in-house AI experts, training and resources.

This includes webinars and live Q&As with Google Cloud AI product managers, engineers and developer advocates, in addition to insight into Google Cloud’s latest advances in AI.

Program applications are reviewed and approved based on the eligibility requirements here. 

Apply today!

Newsom says no to AI safety bill

Gov. Gavin Newsom of California has vetoed SB 1047, a bill that would have established the nation's strictest regulations on AI. He cited concerns about stifling innovation and imposing burdensome requirements on tech companies.

Key takeaways

• SB 1047 aimed to hold tech companies legally liable for harms caused by AI models and required a "kill switch" for misuse.

• Newsom argued the bill focused too heavily on large AI models, potentially hampering innovation and growth, especially for smaller companies.

• Supporters like Elon Musk and AI pioneers Geoffrey Hinton and Yoshua Bengio advocated for the bill, warning of risks from powerful AI models, including cyberattacks and misuse of biological weapons.

• Many Silicon Valley leaders, including Google, Meta, and OpenAI, opposed the bill, claiming it would slow AI development and push talent out of California.

• California legislators like Sen. Scott Wiener expressed disappointment, stating that the veto leaves the industry self-regulating, which may not sufficiently protect the public.

• Newsom has signed other AI-related bills, such as those addressing deepfake prevention during elections and actor likeness protection, but comprehensive AI accountability remains unaddressed.

Our thoughts 

While the veto of SB 1047 highlights the balancing act between fostering innovation and ensuring public safety, it underscores a broader issue: the lack of federal oversight and enforceable AI regulations in the U.S. 

The challenge lies in crafting policies that protect society without stifling technological progress. The back-and-forth dance continues.

Prompt of the day ✍️ 

Office manager (create a confidentiality agreement)

How it works:

This prompt creates a customized confidentiality agreement that meets your specific needs, adheres to legal standards, and safeguards sensitive information.

Why use it:

This prompt enables you to develop a personalized confidentiality agreement that ensures clarity and legal compliance while protecting sensitive information.

Prompt Example:

{"prompt":"Develop a tailored Confidentiality Agreement aligned with the user's individual needs, drawing insights from the supplied reference materials. Initiate interaction with the user to obtain essential specifics and resolve any ambiguities. Iteratively refine the Confidentiality Agreement through consistent evaluations using the given evaluationRubric and gather user input to ensure the end product aligns with the users expectations.}

You can find the prompt in its entirety here.

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