Reddit Sold Your Data For $60M/year

while AI Safety organizations are created at speed

TL;DR

1) Reddit just sold your data to Google

2) The House of Representatives in the U.S. launched a "first of its kind" task force focused on developing guiding principles and regulation for AI safety

3) Microsoft confirms that OpenAI's Sora will be implemented into CoPilot

4) Google launches "AI Safety and Alignment", a new organization focused on AI safety

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Key Points:

  • As highlighted on this daily brief a few days ago, Reddit was rumored to have sold licensing of the platform's data to an unknown licensee. The licensee is now confirmed to be Google.

  • "Consider this the first deal of the TAC 2.0 era. (TAC initially meant Traffic Acquisition Cost - now means Training Acquisition Cost). (...) Your moat is your data." Chamath Palihapitiya commented today.

  • The deal is for $60 million a year

  • As this was only a rumor until today, and Reddit's IPO is near, this could change the valuation drastically. Was rumored at $5B on the high end a few days ago. With this confirmation it's rumored at $10B.

Key Points:

  • The House Bipartisan Task Force on Artificial Intelligence was launched by speaker of the House of Representatives Mike Johnson and Democratic leader Hakeem Jeffries, with a focus on producing a comprehensive report with bipartisan policy proposals.

  • The Task Force is chaired by Representative Jay Obernolte and co-chaired by Representative Ted Lieu, both of whom have expertise in AI, and includes members with backgrounds in AI, healthcare, finance, and technology.

  • Members of the Task Force have expressed concerns about AI-generated deep fakes, labor impacts from AI-powered hiring software, algorithmic bias, AI in healthcare, and data protection and privacy.

  • The Task Force aims to address issues related to AI safety, technological superiority over China, and the establishment of a National AI Research Resource, with bipartisan optimism for meaningful legislation in the near future.

Key Points:

  • Mikhail Parakhin, CEO of Advertising & Web Services at Microsoft, tweeted that CoPilot will eventually integrate Sora

  • No timeline is confirmed

Key Points:

  • Google Deepmind stated that this will include a new team focused on AGI safety, or hypothetical systems that can perform any task a human can.

  • “Our work [at the AI Safety and Alignment organization] aims to enable models to better and more robustly understand human preferences and values,” Dragan told TechCrunch via email, “to know what they don’t know, to work with people to understand their needs and to elicit informed oversight, to be more robust against adversarial attacks and to account for the plurality and dynamic nature of human values and viewpoints.” said Anca Dragan, a UC Berkeley professor of computer science who will lead this team

  • No promise of a "perfect model", but merely that Google Deepmind is investing more in AI safety and its reliability

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