🤖🔥 AI Advances vs. EU Regulations: What's Next?

Author

Himanshu Maggu
August 02, 2024

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Welcome back! This is The AI Takeover, read this daily so you don’t get left behind by AI! In todays newsletter:

- 🚨 🔒 OpenAI Grants U.S. AI Safety Institute Early Access to Next Model
- 🚨🚀 Black Forest Labs Debuts New Image Models After $30M+ Funding
- 🚨 📢 EU's AI Act: New Rules and Deadlines

NEWS
🔒 OpenAI Grants U.S. AI Safety Institute Early Access to Next Model

OpenAI CEO Sam Altman announced that the U.S. AI Safety Institute will receive early access to OpenAI’s next major generative AI model for safety testing. This partnership aims to address concerns over AI safety and ensure comprehensive testing before the model's public release.
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NEWS
🚀 Black Forest Labs Debuts New Image Models After $30M+ Funding

Black Forest Labs, creators of VQGAN and Stable Diffusion, have raised $30M+ to start a new company. They’ve launched new flagship image generation models with impressive capabilities, available in various tiers.
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NEWS
📢 EU's AI Act: New Rules and Deadlines

The EU's AI Act came into effect on August 1, introducing risk-based regulation with staggered compliance deadlines. AI applications are now categorized into low, high, and limited-risk tiers, with transparency and risk management requirements and penalties for non-compliance. Standards for high-risk and advanced AI models will be finalized by April 2025.
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