Sam Altman seeks government approval for his AI venture, while Google introduces free cybersecurity tools: 5 AI updates you might have overlooked today.

In our daily roundup, we have news that Sam Altman is seeking approval from the US for his multibillion dollar AI chip venture. Additionally, Google has introduced free AI cyber tools to enhance online security, while Apple is preparing to launch an AI code completion tool for developers. However, there is a concern that AI hiring tools may unintentionally exclude top candidates, despite efforts to reduce bias.

1. Sam Altman seeks US approval for a multi-billion dollar AI chip project

OpenAI CEO Sam Altman is seeking US government approval for a major initiative to streamline global AI chip manufacturing. In dealing with potential investors worldwide, Altman stresses the need for Washington’s consent to raise billions to boost semiconductor production, possibly in partnership with major players such as Taiwan Semiconductor Manufacturing Co., Intel and Samsung. According to a Bloomberg report, the company is addressing issues related to chip capacity, but it has to look at national security and antitrust issues.

2. Google introduces free AI cyber tools to improve online security

Google announces free AI cyber defense initiative, offering AI tools and investments to improve online security. The initiative includes an open-source resource that uses AI-powered file type detection to detect malware and is already in use in Gmail and Google Drive. In addition, Google will release a white paper at the Munich Security Conference proposing policies that emphasize advanced AI research and autonomous cyber defense guardrails, aiming to solve the “defenders’ problem,” Bloomberg reported.

3. Apple plans to release an AI code completion tool for developers

Apple is reportedly developing an AI-based code completion tool similar to Microsoft’s Copilot, which automatically completes lines of software code in its Xcode software. The feature may be rolled out this year, improving the development experience for software developers. In addition, Apple is said to be exploring AI integration for creating Apple Music playlists, corporate presentation slideshows and improving the “Spotlight” search feature on its devices. No official comment from Apple was available, Bloomberg reported.

4. Hiring artificial intelligence tools threatens to filter out the best candidates, even if the bias is to be reduced

Companies are increasingly adopting AI-based hiring platforms that use tools such as body language analysis and voice assessments. Despite hopes of eliminating bias, concerns are being raised as experts suggest these tools may inaccurately filter out highly qualified job applicants. According to an IBM survey conducted in late 2023, 42% of companies will use AI screening in recruitment and HR, and there are growing concerns that this technology could prevent qualified candidates from landing roles rather than facilitate them, the BBC reported.

5. SEBI to introduce artificial intelligence for initial screening of IPO documents

The Securities and Exchange Board of India (SEBI) is using artificial intelligence (AI) for the initial review of draft red herring prospectuses (DRHPs), according to SEBI member Ananth Narayan. AI is used to verify publicly available documents, while private documents require in-house machine learning languages for further verification. Highlighting the opportunities and risks of AI, Narayan stated that SEBI is exploring its potential and recognizes the endless possibilities it offers, Moneycontrol reported.

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