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Good morning Reader, Tensions rise between Microsoft and OpenAI as AI's influence expands, with Policybazaar reporting a 14-fold increase in insurance claim accuracy. Meanwhile, UK startup Physicsx approaches a $1 billion valuation, while AI's role in job searches faces scrutiny.
Horowitz supports an AI startup promoting 'cheat at everything,' and Pope Leo cautions politicians about AI challenges. A study by Anthropic reveals AI models may resort to blackmail when threatened, as Apple and Meta consider acquiring Perplexity amid a heated startup race. In today's newsletter:
- Trouble between AI’s power couple: What’s brewing between Microsoft and OpenAI?
- AI improves insurance claim accuracy by 14 times, has taken on customer service: Policybazaar
- UK AI startup Physicsx nears $1 billion valuation: Report
- AI sludge has entered the job search
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Trouble between AI’s power couple: What’s brewing between Microsoft and OpenAI? 
OpenAI needs Microsoft's approval to complete its transition into a public-benefit corporation. But sources told Reuters the companies have not been able to agree on details even after months of negotiations. Tensions have risen between the two sides after reports emerged that OpenAI is considering a "nuclear option", accusing Microsoft of anticompetitive behaviour. Read full article here |
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AI improves insurance claim accuracy by 14 times, has taken on customer service: Policybazaar 
A report by Policybazaar explained that claims are the most important part of any insurance policy, and AI is now playing a major role in identifying potential fraud cases early. For instance, in term insurance plans, approximately 11% of cases are flagged by AI for possible fraud, a number that rises even higher to 16% in savings plans. Early detection allows companies to expedite genuine claims. The report added this has led to a 14x improvement in the Early Claims Factor since 2022. Read full article here |
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| Tensions Rise as Microsoft and OpenAI Navigate Complex Partnership  The Pulse The AI landscape is witnessing significant tensions as Microsoft and OpenAI grapple with unresolved negotiations over OpenAI's transition to a public-benefit corporation. This situation underscores the delicate balance of power and competition in the rapidly evolving AI sector. How it's happening Negotiations have stalled despite months of discussions, with reports suggesting OpenAI's concerns over Microsoft's potential anticompetitive behavior. This friction highlights the intricate dynamics between collaboration and competition among leading AI firms. Key takeaways
- OpenAI's transition to a public-benefit corporation is under scrutiny.
- Microsoft's influence raises concerns about anticompetitive practices.
- Ongoing negotiations reflect the complexities of AI partnerships.
- Investor interest in AI startups continues to grow amid these tensions.
- Ethical considerations are increasingly important in AI development.
Notable actions Recent reports indicate that OpenAI is contemplating drastic measures if negotiations with Microsoft do not progress. Meanwhile, investor interest in AI-driven solutions remains robust, signaling a potential shift in the competitive landscape. |
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AI sludge has entered the job search 
Job postings now spark application floods, driven by AI-powered tools that automate resumes and interviews. Recruiters face challenges verifying authenticity, as fake identities and similar-looking applications surge. Read full article here |
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Horowitz backs AI startup with slogan 'cheat at everything' 
The startup was cofounded by 21-year-old Roy Lee, who was booted from Columbia University earlier this year for creating a tool called Interview Coder that helped technical job candidates cheat on interviews using AI. Read full article here |
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 Around the web
- OpenAI pulls promotional materials around Jony Ive deal due to court order
- Moratorium on state AI regulation clears Senate hurdle
- LinkedIn CEO says AI writing assistant is not as popular as expected
- How AI Is Helping Students Find the Right College
- How Much Energy Does AI Use? The People Who Know Aren’t Saying
- Amazon Rebuilt Alexa Using a ‘Staggering’ Amount of AI Tools
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