AI Is a Lot of Work

(The Verge) A few months after graduating from college in Nairobi, a 30-year-old I’ll call Joe got a job as an annotator — the tedious work of processing the raw information used to train artificial intelligence. AI learns by finding patterns in enormous quantities of data, but first that data has to be sorted and tagged…

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what happens to the smaller vc firms in a more conservative market?

(TechCrunch) Smaller venture funds are finding a way to manage in the midst of a conservative market. As with all bear markets, the appetite for risk drops, and although emerging fund managers are often noted to outperform their more established counterparts, some limited partners are weary of bringing on new venture partners. Instead, they retreat to…

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europeans take a major step toward regulating a.i.

(NYT) The European Union took an important step on Wednesday toward passing what would be one of the first major laws to regulate artificial intelligence, a potential model for policymakers around the world as they grapple with how to put guardrails on the rapidly developing technology. The European Parliament, a main legislative branch of the…

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a greenwashing lawsuit against delta aims to set a precedent

(Bloomberg) As tranquil instrumental music plays over gauzy images of nature, a woman’s voice-over begins. “Isn’t it a paradox,” she wonders aloud, “that the love for this world that gets us out in it, sometimes leaves behind the things that can harm it? Flight by flight, we broaden our views. We gain new perspectives. And…

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signal’s meredith whittaker: ‘these are the people who could actually pause ai if they wanted to’

(The Guardian) Meredith Whittaker is the president of Signal – the not-for-profit secure messaging app. The service, along with WhatsApp and similar messaging platforms, is opposing the UK government’s online safety bill which, among other things, seeks to scan users’ messages for harmful content. Prior to Signal, Whittaker worked at Google, co-founded NYU’s AI Now Institute and was an adviser to…

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more startups throw in the towel, unable to raise money for their ideas

(WSJ) The pace of startup shutdowns, fire sales and sharp business-strategy changes is picking up.  Fresh capital from venture investors and bank loans is scarce and expensive. Going public is nearly impossible. Some business models that worked when cash was cheap are unsustainable now. That means venture-backed startups are running out of money and facing hard…

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states are taking baby steps toward protecting kids online

(The Information) Seat belts protect children in cars. Safety standards protect children from faulty or dangerous toys. All these are the result of regulatory mandates. And yet for far too long, social media companies have been allowed to develop addictive design features such as endless scroll, autoplay and push alerts that keep kids and teens…

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how a group of vcs are getting hbcus to invest in their funds

(Axios) Over the past three years, a group of investors has quietly donated $10 million to enable nine historically Black colleges and universities (HBCUs) to invest in their venture capital firms. Why it matters: The Historic Fund is a unique effort to provide access to — and potential financial returns from — venture capital to HBCUs…

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