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OpenAI to Become For-Profit Company

By Cecilia Young | September 25, 2024

(WSJ) OpenAI is planning to convert from a nonprofit organization to a for-profit company at the same time it is undergoing major personnel shifts including the abrupt resignation Wednesday of its chief technology officer, Mira Murati. Becoming a for-profit would be a seismic shift for OpenAI, which was founded in 2015 to develop AI technology…

Section 230 Catches Up to AI

By Cecilia Young | September 22, 2024

(WSJ) An appellate court holds companies liable for the actions of their algorithms. Read more here.

LinkedIn is training AI models on your data

By Cecilia Young | September 18, 2024

(Verge) You’ll need to opt out twice to stop LinkedIn from using your account data for training in the future — but anything already done is done. Read more here.

BlackRock and Microsoft plan $30bn fund to invest in AI infrastructure

By Cecilia Young | September 17, 2024

(FT) Nvidia and Abu Dhabi-backed MGX will join effort as energy-intensive tech strains power and data grids Read more here.

Calpers Investment Chief Warns of ‘Adverse Selection’ in Private-Equity Co-Investments

By Cecilia Young | September 17, 2024

(WSJ) Stephen Gilmore says the $503 billion pension has to be among the key clients of its private-equity managers to ensure it gets access to the best direct deals. Read more here.

Salesforce Ventures Expands AI Investment to $1 Billion

By Cecilia Young | September 16, 2024

(Salesforce) Salesforce Ventures is announcing a new $500 million AI fund, bringing its total commitment to AI innovators to $1 billion in the past 18 months.  Read more here.

‘Anti-woke’ backlash in U.S. won’t stop the sustainable investing movement. Here’s why

By Cecilia Young | September 16, 2024

(FC) Out of almost 160 bills in state legislatures, only a small handful of anti-ESG considerations have become law. Read more here.

Nvidia, OpenAI, Anthropic and Google execs meet with White House to talk AI energy and data centers

By Cecilia Young | September 12, 2024

(CNBC) Leaders at OpenAI, Anthropic, Nvidia, Microsoft, Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S., sources familiar with the meeting told CNBC. Read more here.

White House extracts voluntary commitments from AI vendors to combat deepfake nudes

By Cecilia Young | September 12, 2024

(TechCrunch) The White House says several major AI vendors have committed to taking steps to combat nonconsensual deepfakes and child sexual abuse material. Read more here.

SEC Abandons ESG Enforcement Group Amid Broader Backlash

By Cecilia Young | September 12, 2024

(Bloomberg) The SEC has quietly disbanded a group of enforcement lawyers who helped bring litigation fighting misleading environmental, social and governance disclosures for more than three years. Read more here.