Plus: Mistral launches a monster LLM and the EU AI Act Explained.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

	Forwarded this email? Subscribe here for more 🐀 Are we in the AI Rat Race? Plus: Mistral launches a monster LLM and the EU AI Act Explained. Yaro Celis Dec 11   READ IN APP   Sign Up - Advertise by Vanta - Enhancing Security with Trust Centers: Join the Webinar Hello Everyone, Are we in an AI rat race? Are companies rushing to deploy models to stay competitive regardless of safety? Well, the EU thinks so, hence they are enacting an AI act ASAP. Also, Mistral deploys a very Large Chatbot, yeah, to stay competitive in the race. This is what’s going on Today: Top 3: Are we in a RAIt Race? The EU AI Act has become a Nightmare to Enact. “Mistral” the AI Monster is Revolutionizing AI with High-Efficiency And… Enhancing Security with Trust Centers: Join the Webinar (Vanta) 💰 Follow the Money 🤔 Daily AI Term Explained (Robotic Automation) 🧰 AI Tools of the Day (Product Recommendation) 💪🏽 Important AI News and Trends. AI fast food drives are mostly just human workers in the Philippines for now (TV) UK Regulator and U.S. FTC Examine Microsoft-OpenAI Deal (TheInformation) Google unveils AlphaCode 2, powered by Gemini (TC) Companies show off a year of experimentation at AI summit (Brew) Robots do not have to be human-like to be effective (Insider) 🌐 Web3 and Other Tech news. No more S#$t talk, YouTube lets creators stop comments on videos (Engadget) FDA Approves World’s First Crispr Gene-Editing Drug (WSJ) Amazon Pilots Grocery Delivery $9.99 Subscription Fee (TheInformation) Senators Introduce ‘Fans First’ Bill Intended to Reform Live-Event Ticketing System (Variety) A Million Electric Vehicles Were Sold This Year, which is a problem (Int.) Share Are we in a RAIt Race? A bit of history: Effective Accelerationism (e/acc) is a movement that emerged from the AI boom in 2022, formed mostly on social media. It was created partly as a reaction to Effective Altruism (E.A.), an older movement worried about uncontrolled AI risk. E/acc believes AI and other technologies should progress as fast as possible with no guardrails or gatekeepers. They see AI's benefits outweighing potential harms. Core Beliefs & Arguments Pros: Favor open-sourcing AI instead of control by corporations. See powerful AI as the next stage of evolution, not something to fear. Believe stifling innovation with regulation is counterproductive. Cons: Could enable the creation of dangerous AI without sufficient safety precautions. Risks technological changes outpacing society’s ability to adapt. Some rhetoric around replacing humanity concerning. Evolution Started as a fringe internet meme movement but gained steam as prominent VCs and startup leaders voiced support. Got attention from Washington as a growing ideological influence in the tech sector. Splintered into sub-factions focused on bio-augmentation, finding a compromise between unbridled acceleration and caution. Possible Solutions: Promoting collaboration between the "accelerators" and "decelerators" to find a balanced approach Establishing forums for transparent debate about risks/tradeoffs of rapidly advancing technology Incentivizing rigorous safety practices while enabling innovation Creating flexible governance frameworks that can evolve alongside technological change In summary, e/acc represents one extreme in an emerging debate about controlling the pace of AI progress to balance risks and benefits. Their provocative stances have sparked division but also drawn attention to challenging policy questions as technology advances rapidly. Promoting nuanced dialogue and adaptive governance models may help find equitable solutions. But fundamental philosophical divides around human vs AI agency continue fueling controversy. Upgrade to paid Vanta Enhancing Security with Trust Centers: Join the Webinar The EU AI Act has become a Nightmare to Enact. A little Background on the EU AI Act: Proposed in 2021 to establish a risk-based framework for regulating AI products and applications in the EU. For example, using AI in hiring would be more regulated than lower-risk applications like spam filters. Has proven very difficult to finalize due to disagreements around: How to regulate foundation models like ChatGPT that can be used for many different applications. Balancing innovation versus protecting citizens' rights. Use of biometrics and AI for surveillance and policing. Timeframe: The initial December 6th deadline to finalize the Act has passed, but negotiations are ongoing. They need to settle key stipulations several months before the June 2024 EU elections to avoid delaying the Act until 2025. Key Positions: EU Parliament pushes for tighter restrictions to protect privacy and other citizen rights France, Germany, and Italy recently flipped to argue the Act may be too burdensome for emerging EU AI companies. They now advocate exempting foundation models from many regulations. What it Entails: Two-tier system to regulate foundation models based on computational resources required. Only the most powerful models like GPT-4 face the highest restrictions. Disagreement around facial recognition for law enforcement purposes - Parliament wants to limit while countries like France want more flexibility. The EU AI Act seeks to regulate AI to balance innovation versus protecting citizens' rights. But reaching an agreement has proven complex given disagreements around foundation models, biometrics, and the interests of both policymakers and industry. The target is to finalize key details before the June 2024 elections. “Mistral” the AI Monster is Revolutionizing AI with High-Efficiency French AI startup Mistral has reached a €2 billion valuation, marked by a new funding round of approximately €400 million led by Andreessen Horowitz. Other participants include Nvidia, Salesforce, BNP Paribas, and General Catalyst. Founded by ex-Meta and Google researchers, Mistral focuses on generative AI and large language models. Despite being a new entrant, it's emerging as a key player in Europe's AI landscape. Mistral AI has launched Mixtral 8x7B, an advanced sparse mixture of expert models (SMoE) with open weights, surpassing Llama 2 70B in performance and efficiency. With 46.7B total parameters but using only 12.9B per token, Mixtral is as efficient as a 12.9B model. It supports multiple languages, excels in code generation, and can be fine-tuned for instruction following, achieving high scores on benchmarks. Mixtral also shows lower bias and higher truthfulness in its outputs compared to competitors. Try Mistral AI Here for now. The company, currently not profitable, plans to launch a customer-accessible AI platform soon. 💰 Follow the Money $430M, raised by French AI start-up Mistral secures $2bn valuation. $41M million, raised by Sarvam AI, an Indian AI startup. $34M snatched by Air Space Intelligence, an AI-powered air operations system. $700M, Shohei Ohtani agreed to record MLB contract largest ever, enough to buy an AI company Please take advantage of our Holiday Special. Subscribe to our newsletter to receive all the perks, tools, and resources and to help us keep this newsletter going. Only $1 a month to stay on top of the world of AI and Tech, and get a FREE 1-on-1 Consulting Session. Subscribed If not, you can still get these “Deals” for $4 (Free for Subscribers). Download our 70+ AI Learning Resources here. And a powerful list of 300+ AI Tools Here. 🤔 Daily AI Term Explained Robotic Process Automation (RPA): The use of software with AI and machine learning capabilities to handle high-volume, repeatable tasks that previously required a human to perform. Example: An RPA bot in a finance company automates invoice processing by extracting data like amounts and vendor details from invoices and entering it into the accounting system, reducing manual effort and errors. 🧰 AI Tools of the Day Product Recommendation. Ask Flow - Personalized online shopping assistant. Rosetta - helps brands establish a strategic user attribution platform for improved customer experiences and long-term profitability. Valideo - Amazon Product reviews. Download over 300+ Tools free here. 📰 Publications I am currently reading and recommending: Short Squeeze - One stop for Financial News and Advice. Growth Forum - Hacks and tips to grow your business. 1 Minute Question - Motivation for business owners and entrepreneurs. 🚀 Showcase Your Innovation in the Premier Tech and AI Newsletter (link) As a vanguard in the realm of technology and artificial intelligence, we pride ourselves in delivering cutting-edge insights, AI tools, and in-depth coverage of emerging technologies to over 55,000+ tech CEOs, managers, programmers, entrepreneurs, and enthusiasts. Our readers represent the brightest minds from industry giants such as Tesla, OpenAI, Samsung, IBM, NVIDIA, and countless others. Reserve a Spot Explore sponsorship possibilities and elevate your brand's presence in the world of tech and AI. Learn more about partnering with us. You’re a free subscriber to Yaro’s Newsletter. For the full experience, become a paying subscriber. Subscribe for $1/Month Disclaimer: We do not give financial advice. Everything we share is the result of our research and our opinions. 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