💀 AI stocks in danger due to these looming challenges

Bark! Pauly here, your four-legged legislative liaison, bringing you today’s AI business news, including how it’ll affect AI regulation and your pocketbooks.

Here’s the lowdown on the most recent AI happenings:

• 🗞️ Sam Altman says OpenAI may have to bail on the EU due to AI Act

• 🗞️ AI stocks in danger thanks to looming challenges and regulations

• 🛠 Use CreatorKit to create high-impact videos and ads 10x faster

• 💡 Learn to create customized YouTube courses on any topic with AI

• 🗞️ Moonfire Ventures raises $115 million to fund AI startups

🗞️ News

OpenAI May Bail on Europe Thanks to Upcoming AI Regulations

OpenAI's future in Europe is officially clear as mud. CEO Sam Altman warns in a recent panel discussion at University College London that new AI laws in the EU could have his firm unable to operate in Europe.

Altman's not rolling over yet, he's in talks with EU regulators about their new AI act and its potential to tag OpenAI's systems as 'high risk'. If the law labels ChatGPT as high risk, Altman will have to meet the extra safety requirements or bid 'au revoir' to Europe.

Here’s what we know from the panel:

• OpenAI's operations in Europe may hit a snag due to new AI legislation. If compliance is a no-go, OpenAI could pull up stakes.

• The company's sticking point? The EU law's 'high-risk' system classification. OpenAI argues their models, including ChatGPT, aren't risky.

• Altman isn’t totally against regulation. He's suggesting an international regulatory body similar to the one that oversees nuclear power.

• Other companies like Google are also trying to get ahead of the new EU regulations, proposing a voluntary AI pact with the EU

• Also on Altman's mind: AI-generated disinformation and the need for wealth redistribution due to AI, hinting at future public intervention plans

Why This Matters: The imminent EU legislation is a watershed moment for the entire tech industry. With potential rules demanding compliance that might stretch the limits of what's feasible, the upcoming decisions will reshape the landscape.

AI Stocks on a Rocky Road Thanks to Hidden Threat of Regulation

Doug Kass, the legendary hedge fund manager, has fired a warning shot at AI enthusiasts. He fears that investors - tantalized by rising stock prices across Microsoft, Google, and others - are overlooking speed bumps on the road to AI profits.

This bullish frenzy was kickstarted by the disruptive potential of technologies like ChatGPT. But Kass is urging caution, pointing out that regulation, the unseen iceberg, could swiftly turn this smooth sail into a choppy voyage.

Here’s what Kass said:

• Doug Kass, an experienced hedge fund manager, warns investors about the potential risks involved in burgeoning AI stocks

• The launch of ChatGPT and its successful integration into Microsoft Bing has boosted speculation in AI stocks, leading to significant gains

• Large tech firms such as Nvidia, Microsoft, Alphabet, and C3.ai have seen their stocks skyrocket despite looming challenges and regulatory issues

• Kass argues that investors may not fully grasp the intricacies of AI and its adoption, leading to overconfidence in AI stock performance

• Kass emphasizes the need for regulatory oversight to avoid misuse, which could slow down AI's contribution to corporate profits

Our Take: In this high-speed race of AI investment, hitting the brakes for a reality check might just save the day. The exuberance surrounding AI's disruptive potential shouldn't make us blind to the looming regulatory hurdles and possible profit slowdown.

🛠 Tools

CreatorKit: Craft High-Impact Videos & Ads 10x Faster With AI

Feeling buried under a mountain of content creation? Introducing CreatorKit, the AI photo and video editor that'll supercharge your visuals in a snap!

Its primary mission? To help you create high-performing videos and ads 10 times faster. Kiss those tedious hours of editing goodbye and let CreatorKit do it for you.

How CreatorKit Puts Your Videos on the Fast Track

CreatorKit's got your back with its arsenal of AI-powered functionality that makes video creation a breeze. Check out these game-changing features:

• Animate Photos & Images: Breathe life into static images with CreatorKit's animation magic. Say goodbye to dull visuals ✨

• One-click Videos: Craft stunning videos in a snap, with just a single click. Talk about efficiency 🖱️

• Text Video Templates: Transform plain text into captivating video content with ready-to-use text templates. No fuss, all fun 🎉

• Video Editor: Edit your videos like a pro with an intuitive video editor that doesn't require a film degree 🎬

• Product Photo Enhancer: Enhance your product photos and make them stand out like they're on a runway 📸

While CreatorKit simplifies video creation, some advanced editing options might be limited. But for most users, it's a small trade-off for the time and effort saved!

Top Ways to Use CreatorKit for a Business Boost

Want to make the most of CreatorKit's AI wizardry for your business? Here are five ways you can harness its power to skyrocket your content game:

• Turbocharged Social Media Ads: Create eye-catching video ads that stop scrollers in their tracks and boost conversions 🛍️

• Dynamic Product Demos: Showcase your products with engaging, animated demos that'll leave competitors in the dust 🏆

• Share-worthy Testimonials: Turn customer reviews into sleek, shareable videos that'll get your audience buzzing 🐝

• Animated Blog Post Summaries: Transform your written content into bite-sized video summaries perfect for social sharing 🍱

• Quick & Easy Educational Content: Teach your audience something new with snappy explainer videos they'll love 🎓

Keep in mind, CreatorKit's user-friendly design may not cater to all the nitty-gritty editing needs of video professionals. But for most businesses, it's a no-brainer choice to save time and create stunning visuals. Visit CreatorKit for more!

💡 Tactics

Turn Any Topic Into a Customized YouTube Course With ChatGPT

Are you tired of sifting through countless YouTube videos in search of that one gem that'll skyrocket your skills? Well, I've got the perfect solution for you.

With a little help from our AI friend ChatGPT, you can now create a tailor-made 30-day course using top-notch YouTube videos as your resources, for free.

Key Takeaways:

• Use ChatGPT to create a personalized 30-day course with YouTube videos

• Specify your course topic, daily study time, and video length requirements

• Enhance your course with added features like glossaries for each video

Follow These Steps:

1. Choose Your Topic: Decide on the subject you want to master with your custom 30-day course 🧠

2. Create Your Course: Open up ChatGPT and prompt it to create a 30-day study course on your desired topic using only the highest-quality YouTube videos. Make sure to include daily study time, video length preference, and a hyperlink to each video 🗣️

3. Enhance Your Course: Ask ChatGPT to create a glossary of terms for each video to help you better understand the content 📖

4. Embrace Learning: Enjoy your tailor-made course and become an expert in your chosen field in just 30 days! 🎓

For more information on this tactic, check out the full video tutorial.

You can also refer a friend using the share button below to access our full list of AI tactics, which includes both how-to articles and full video tutorials by category👇

🗞️ Small Snacks

Moonfire Ventures raises $115 million to fund European tech startups and AI firms

Google Bard AI can now display images – here’s how it works

OpenAI says that AI will ‘exceed expert skill level in most domains’ in 10 years

Equal Employment Opportunities Commission releases guidance on artificial intelligence in the workplace

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Midjourney Pic of the Day

A festive celebration of the most innovative AI-driven startups, art nouveau style: