🦾 Who's Joining Forces To Tackle AI Safety?

Good morning. US stock futures fell in Tuesday morning trading as Wall Street awaited fresh jobs data as a gauge of the health of the US labor market.

🤖 US, UK join forces on AI safety

📝 Our report: The US and Britain are teaming up for an AI safety dance, shaking hands over concerns about the wild moves of next-gen artificial intelligence. Under the formal partnership, Britain and the United States plan to perform at least one joint testing exercise on a publicly accessible model and are considering exploring personnel exchanges between their government-led AI safety institutes.

 🔑 Key points:

• Commerce Secretary Gina Raimondo and British Technology Secretary Michelle Donelan signed a memorandum of understanding in Washington to jointly develop advanced AI model testing, following commitments announced at an AI Safety Summit in Bletchley Park in November.

• Britain and the United States are among countries establishing government-led AI safety institutes.

• Generative AI - which can create text, photos and videos in response to open-ended prompts - has spurred excitement as well as fears it could make some jobs obsolete, upend elections and potentially overpower humans and catastrophic effects.

💡 So what: The collaboration between the US and UK on AI safety signals a united front in tackling the potential risks and challenges posed by artificial intelligence. By joining forces, these two major players in technology and innovation can share expertise, resources, and best practices to develop robust frameworks and regulations that prioritize safety and ethical considerations in AI development and deployment. It also fosters greater international cooperation in addressing common concerns and ensures that AI technologies are developed responsibly to benefit society as a whole.

Tuesday - Cleveland Fed President Loretta Mester Speaks

Wednesday - Fed Chair Jerome Powell Speaks, ISM Services

Thursday - US Trade Balance, Chicago Fed President Austan Goolsbee Speaks

Friday - US Unemployment Rate, Consumer Credit

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✈️ Airline asks pilots to take time off, cites delays in plane deliveries

WHAT: United Airlines is pulling out the old "let's take a break" card, asking pilots to take unpaid time off in May, citing late-arriving aircraft from Boeing, according to a note sent to pilots. The airline previously said it would pause pilot hiring this spring because of aircraft arriving late from Boeing.

WHY: United was contracted to receive 43 Boeing 737 Max 8 planes and 34 Max 9 models this year, but now expects to receive 37 and 19, respectively, according to a company filing in February.

🖥️ Google to destroy data to settle privacy lawsuit

WHAT: Now you see it, now you don’t! Google has agreed to obliterate billions of data records to settle a lawsuit alleging they were stealthily snooping on folks who thought they were browsing incognito. Under the settlement, Google will update disclosures about what it collects in "private" browsing, a process it has already begun. It will also let Incognito users block third-party cookies for five years.

WHY: The class action began in 2020, covering millions of Google users who used private browsing since June 1, 2016. Users alleged that Google's analytics, cookies and apps let the Alphabet unit improperly track people who set Google's Chrome browser to "Incognito" mode and other browsers to "private" browsing mode.

🤖 ChatGPT now accessible without sign up

WHAT: OpenAI is rolling out a nifty update: you can now chat with their quirky ChatGPT AI without the hassle of signing up. The move comes about a month after billionaire entrepreneur Elon Musk sued OpenAI and its CEO, Sam Altman, saying they abandoned the startup's original mission to develop artificial intelligence for the benefit of humanity and not for profit.

WHY: The popular service, which set a record for the fastest-growing user base, has seen its growth slow down since May 2023, when its traffic peaked at 1.8 billion web visits, according to data analytics firm Similarweb.

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