Wednesday, June 14, 2023

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☕️ Techpresso: EU Advances AI Regulation, Quantum Breakthrough, Reddit Unrest and More

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This is your daily dose of ☕️ Techpresso, where you get the latest tech news of the day effortlessly.

Here's the latest tech news from the last 24 hours:
🤖 EU stepping up regulation for Artificial Intelligence
🔬 Quantum computing enters a new era with IBM's breakthrough
🔦 Reddit communities will remain dark indefinitely
💰 Mistral AI secures €105M in Europe’s largest-ever seed round
🚘 Biden administration urges automakers to disregard 'Right to Repair' law

🤖 EU stepping up regulation for Artificial IntelligenceLINK

  • The European Parliament has approved the EU AI Act, a landmark set of rules for artificial intelligence, including generative AI, setting a significant precedent for the regulation of AI in the West.
  • Generative AI developers, such as OpenAI's ChatGPT and Google's Bard, will now face greater restrictions, with requirements to submit their systems for review before commercial release.
  • As part of the regulations, the Parliament has upheld a ban on real-time biometric identification systems and controversial "social scoring" systems, despite attempts to water down these restrictions.
  • 🔬 Quantum computing enters a new era with IBM's breakthroughLINK

  • IBM researchers have announced a method to manage the inherent unreliability of quantum computers, achieving reliable answers by effectively subtracting the effects of computational noise, in a process they call error mitigation.
  • The IBM team successfully simulated a physics problem (the behavior of 127 atom-scale bar magnets in a magnetic field) using a quantum processor with 127 qubits, a task too complex for even the fastest supercomputers to solve precisely.
  • The quantum computation provided more accurate answers than classical approximations for complex instances of the problem, however, it is yet unclear if this represents a definitive superiority of quantum over classical computing in this specific model.
  • 🔦 Reddit communities will remain dark indefinitelyLINK

  • Despite assurances from Reddit CEO Steve Huffman, the unrest on the platform has not subsided, with moderators calling for an "infinite blackout" to force Reddit to reconsider planned changes to its API pricing.
  • The blackout involves over 300 popular subreddits going private or otherwise inaccessible indefinitely, impacting over 110 million users, until Reddit provides an adequate response to their demands.
  • The protest was triggered by Reddit's decision to increase the price third-party apps would have to pay to access its API, which, according to Apollo's developer, would cost more than $20 million a year, leading to the shutdown of apps like Apollo by the end of June.
  • 💰 Mistral AI secures €105M in Europe’s largest-ever seed roundLINK

  • Mistral AI, a Paris-based startup founded by former employees of Google's DeepMind and Meta, raised €105mn in Europe’s largest-ever seed round to develop a large language model (LLM) akin to OpenAI's ChatGPT.
  • The startup plans to use the funding primarily for renting computer power for model training, utilizing publicly available data to dodge legal and copyright issues, with a focus on offering its services to enterprises rather than individual consumers.
  • The funding round was led by Lightspeed Venture Partners, joined by various other venture capital firms and private investors including French billionaires Rodolphe Saadé and Xavier Niel, former Google CEO Eric Schmidt, and French investment bank BpiFrance.
  • 🚘 Biden administration urges automakers to disregard 'Right to Repair' lawLINK

  • The National Highway Traffic Safety Administration (NHTSA) advised automakers not to comply with Massachusetts' "right to repair" law, asserting it poses a safety issue as it requires manufacturers to equip vehicles with a standardized open data platform for running diagnostics and retrieving mechanical data.
  • NHTSA expressed concerns that the open access could allow someone to remotely manipulate safety-critical functions such as steering, acceleration, or braking, potentially enabling them to operate vehicles dangerously or attack multiple vehicles simultaneously.
  • In response to the law, some automakers might choose to disable telematics and connected services in Massachusetts, as Subaru has already done with its 2022 models, while a bipartisan automotive right to repair law called the REPAIR Act is being reviewed by Congress to manage data access standards for connected vehicles.

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