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Good morning! Welcome to the latest scoop from AI Trends, the dietician of your information diet, meticulously handpicking the crispest, freshest, golden info-apples directly from the orchards of AI, tech, and innovation.

Let's take a crunchy bite into today's news:

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G7 Agrees on AI Rules, Japan Emerges Victorious 🌐🥇

Good news from the land of the samurais and sushi! After conflicting assertions and a strenuous search for common ground, the Group of Seven (G7) has reached a consensus on regulating Artificial Intelligence (AI). Triumphing over American and European proposals, Japan's 'Hiroshima Process on AI' has secured victory.

The agreement, originally proposed in May last year, aims to find a balance between lax and overly strict regulation, creating a reputable set of parameters for AI. This Japanese vision seems to combine American openness with European regulatory caution. Tackling issues such as copyright and the exposure of personal data, the Japanese proposal places G7 leaders at the forefront of what promises to be the international framework for AI.

🤖 It seems that AI has finally found its sense of humor... and I'm not referring to memes!

The agreement promulgates a 'Code of Conduct' that all AI developers should follow. Among its guidelines are a series of outlined ideas: Identification, assessment, and mitigation of risks, protection of personal data and intellectual property, transparency, and responsibly sharing information with other organizations. Although not as exhaustive as the European AI Act, these parameters point in the same direction.

But like any agreement, it also has its rough edges. The main discrepancy between this G7 agreement and European regulation is that this Code of Conduct is merely voluntary. There is no legal obligation for tech giants like Google, Meta, or Microsoft to comply with it. However, it's not ruled out that these same companies may subscribe to the agreement.

Meta Faces Legal Troubles over Its Innovations in Artificial Intelligence 🤖⚖️

Meta, the owner of Facebook and Instagram, is under intense legal scrutiny. The tech giant has become the target of a lawsuit filed by a group of 34 U.S. states accusing it of recklessly manipulating minors using its platforms. This hot mess that Meta is facing comes at the same time as its recent and stunning advances in the world of artificial intelligence, both in text and AI generation.

The corporate accusers, including legal representatives from California, New York, and Ohio, claim that Meta has been using its advanced algorithms to foster addictive behaviors and vehemently impact children's mental health. All this through features built into its apps, like the "Like" button. We thought Meta's conflicts in its AI camp would be resolved with its recent claim that its technological advances aim to solve security issues... but it seems this broccoli is turning bitter.

👎 Bad move, Meta! It seems that the only reaction you're getting is a big "dislike"

Regardless of the recent and bold assertion by Meta's chief AI scientist that actions on the existential risks of their technology are "premature", the legal skirmish has been unleashed. If the states succeed in their lawsuit, Meta could have to pay between USD 5,000 to USD 25,000 per alleged occurrence. In other words, a quite strong financial blow is looming.

But let this serve as a strong and firm reminder. The issue of technology and how it is safely and effectively integrated into our daily lives, especially for our children, remains complex. We spectators must remain alert as the cybersecurity landscape continues to adapt and evolve. And always remember: in today's dizzying digital world, the safety of our children must be an indisputable priority. Technology may have its likes, but the likes should not come at the expense of our wellbeing.

Elon Musk's Twitter Creates Financial Chaos After A Year of Acquisition 💸🐦

A year after Elon Musk took the reins of his most controversial acquisition, X (formerly known as Twitter), hopes of a flourishing social platform seem to be dissipating in the smoke of financial decline. June 2023 was predicted to mark a resurgence in the social network giant's sales, but hopes have turned into unfulfilled promises and a financial disaster that leaves both users and investors baffled.

The statistics do not paint a very promising picture for X. With a global web traffic drop of 14% and a similar plunge in its Android application in the last year, X is feeling the weight of unpopular decision chains. With the introduction of an almost mandatory monthly membership, a new account verification method based on payment, and the shutdown of the free API, it seems that Elon Musk has challenged users to a duel that he may not win.

📉 "Buy when there's blood on the streets, even if the blood is yours!" If not, just ask Elon Musk... and his Twitter... sorry, X shareholders!

Moms always say, "Be careful what you wish for, you might just get it!" In this case, it seems that investors and Elon Musk himself are learning the harshness of this reality. X is going through dark times, with surprising challenges and possibly greater complications on the horizon. Unfortunately, their ambitions to become "an app for everything" seem to have sunk the company into an abyss of discontent and participation decline.

Despite the obstacles on the horizon, X's CEO, Linda Yaccarino, maintains an air of optimism. Announcing profitability forecasts for early 2024 may seem like an "impossible mission" goal. As this social media drama unfolds, one thing is clear - never underestimate the power of a tweet, or rather, the power of X.

AI Bites 🍪

Existential risk? Regulatory capture? AI for one and all? A look at what’s going on with AI in the UK. The promise and pitfall of artificial intelligence is a hot topic these days. Some say AI will save us, others fret about the threats it poses in warfare, security, misinformation and more.

Biden issues executive order to ensure responsible AI development. President Biden has issued an executive order aimed at positioning the US at the forefront of AI while ensuring the technology’s safe and responsible use.

ChatGPT for career growth? Practica introduces AI-based career coaching and mentorship. Can an AI be your mentor? That’s what a startup called Practica believes.

Watch this, thank me later... 👀

Apple is on track to spend $1 billion per year on developing a suite of generative AI products. Apple, according to a report by Bloomberg, has built its own LLM as well as a chatbot known internally as AppleGPT.

They are looking to integrate AI into Siri, messages and Apple Music. The company is also exploring using AI in Xcode to assist app developers, according to the report 👇