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Morning Safety Dance
Concerns are rising over the corporate use of Chinese AI, with reports highlighting potential security risks and backdoor code in popular AI tools. The US is considering restrictions on corporate AI usage, while China advises ditching older AI versions due to security vulnerabilities.
CNBC: The US wants to restrict corporate use of Chinese AI
The United States Government is reportedly looking to restrict the use of Chinese-made Artificial Intelligence models by US companies. This move comes as businesses increasingly adopt these AI solutions to reduce operational costs.
GameStop CEO baffles CNBC anchors in bizarre interview
GameStop CEO Ryan Cohen appeared on CNBC to discuss his unsolicited $56 billion offer to acquire eBay. Cohen proposed cutting $2 billion from eBay's budget and suggested using a mix of stock and cash for the acquisition, but struggled to clearly explain the financing to baffled anchors. The market reacted negatively to the announcement, with GameStop's share price dipping 10%.
'If this was a trial about whether I made stupid tweets I would say I'm guilty' says Elon Musk in trial…
A Californian jury found that Elon Musk misled investors with his tweets prior to his $44 billion takeover of Twitter in 2022. While not found to have deliberately defrauded shareholders, two of Musk's tweets were deemed materially false or misleading, impacting the stock price. Musk's attorneys plan to appeal the verdict, which could result in up to $2.6 billion in damages.
