🕶️ Why OpenAI’s New Model o1 is Redefining AI Safety Standards

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Six bullets of updates

1. 🤳 How LinkedIn became influencers’ hot new video platform. What happens when TikTok meets business networking?

2. ✉️ Armenian startup 48% boosts revenue after stricter email standards by Google and Yahoo.

3. 🥖 OpenAI is opening a subsidiary company in Paris that will “commercialize, sell and distribute software products.” 

4. 🆓 Mistral introduces a free tier for developers to test its AI models, joining the AI accessibility movement.

5. 🤖 EU appoints Zaharieva as the first commissioner for startups, aiming to boost innovation and streamline regulations.

6. 🍿 Generative AI startup Runway partners with Lionsgate to develop custom video tools, including AI models, for Hollywood.

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Rethinking AI regulation: The impact of OpenAI’s o1

OpenAI recently introduced its new generative AI model, o1, which focuses on reasoning by taking more time to solve problems like physics and math. Despite having fewer parameters than its predecessor, GPT-4o, o1 excels in specific tasks, highlighting that bigger models aren’t always better.

This has sparked debate about AI regulation, particularly laws like California’s SB 1047, which set safety standards based on the cost and compute power used to train AI models. Experts like Nvidia’s Jim Fan suggest that smaller models with advanced reasoning capabilities could outperform larger ones, making it clear that tying regulation solely to model size or compute may be outdated.

While policies like California's bill allow for adjustments to evolving AI technologies, experts warn that current regulations don’t fully address real-world risks. As AI technology rapidly advances, policymakers must now consider better metrics for assessing risk. Read more.

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Startup Events and Deadlines

1. Founder Institute Core Program  | Deadline: September 22 | USA

2. Antler Canada | Deadline: September 23 | Canada

3. Crash Course in Financial Modeling | September 25 | Webinar

4. Startups and Business Networking Event NYC | September 25 | Meetup

5. Startups & Investors Networking NY | September 25 | Meetup

6. Antler Amsterdam | September 30 | Amsterdam

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These companies just raised money

1. 🛒 Flink, the quick-commerce startup, raises another $150M at just under $1B valuation.

2. 🔒 Cybersecurity startup Intezer raises $33M for AI tools to tackle the 4M job gap in the security sector.

3. 🚗 Teambridge, founded by ex-Uber execs, raises $28M for its HR software tailored to hourly workers.

4. 🧑‍💼 AI digital employee startup 11xAI secures $24M in funding led by Benchmark, aiming to revolutionize the workplace.

5. 🇧🇷 Ume raised $15M in Series A to scale its BNPL services via Brazil's Pix, which 43% of Brazilians use daily.

6. 🚀 Ursa Major secures $12.5M from the U.S. Navy and DoD to develop 3D-printed rocket motors.

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Biden Admin to Host Global AI Safety Summit

The Biden administration will host a global AI safety summit in San Francisco on Nov. 20-21, led by Commerce Secretary Gina Raimondo and Secretary of State Antony Blinken. The event will bring together nations like Australia, Canada, and the EU to promote safe and trustworthy AI development and address concerns over job losses, election security, and misuse of generative AI.

The summit aims to strengthen international cooperation ahead of the AI Action Summit in Paris. Experts will discuss safety measures following President Biden’s executive order requiring AI developers to report risks to national security or public health. Read more! 

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