AI News Today – July 4th, 2024

Welcome to “AI News Today,” your daily summary of significant happenings in the AI Industry.

AI Start-Ups Attract $27.1 Billion in Q2 2024 Funding

AI start-ups secured $27.1 billion in funding in Q2 2024, nearly half of the total U.S. start-up financing. Major players like CoreWeave, Scale AI, and xAI received substantial investments, propelling the sector’s growth. Despite the influx of capital, AI start-ups face high computing costs, with 22% of their expenses dedicated to computing. Read all about it on the TDR Website!

AI Companies and Training Data Costs 

AI companies are being increasingly pressured to pay for high-quality training data. This follows major lawsuits from record labels like Sony (NYSE: SONY), Warner (NASDAQ: WBD), and Universal against AI music companies for using copyrighted music without permission.

California Takes on Big Tech AI Regulation 

California is spearheading efforts to regulate AI, with legislation aimed at companies like Meta (NASDAQ: META) and Google (NASDAQ: GOOG). This initiative reflects growing concerns about AI’s societal impacts and the need for stricter oversight.

Peter Thiel on AI’s Future 

Peter Thiel of Palantir highlights the strategic importance of AI in global politics, suggesting that AI advancements could significantly alter international power dynamics.

Nintendo Avoids Generative AI 

Nintendo’s (OTC: NTDOY) president confirmed that the company has no plans to integrate generative AI into its games, focusing instead on traditional gaming experiences and creativity.

UK Publishes AI Code of Conduct 

The UK has introduced a new AI code of conduct to guide ethical AI development. This framework aims to balance innovation with responsible practices, ensuring AI benefits society as a whole.

Read more AI news on the TDR Website!

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