Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. Today, we have an interesting lineup of news for you. Let's dive in.Florida is set to become the latest US state to impose strict restrictions on social media use for teenagers. The Florida House of Representatives has approved a bill that would ban all under-17s from being on social media and require third-party age verification. While there is general agreement that young people need more protection online, outright bans on teen usage are likely to be harmful. Social media platforms carry risks and need to do more to protect younger users, but there should be a balanced approach to regulation.In other news, Craig Wright, a self-proclaimed Bitcoin founder, is facing legal challenges from Bitcoin developers who accuse him of filing forged documents. Wright has been involved in numerous lawsuits over the years, claiming to be Satoshi Nakamoto, the creator of Bitcoin. Recently, Wright has resorted to claiming intellectual property rights related to Bitcoin and suing developers who maintain the open-source code. However, the developers have rejected the settlement offer, and the court inquiry into Wright's forgery allegations will proceed. This development presents an opportunity for one of crypto's most notorious liars and bullies to face justice.Moving on, let's discuss the limitations and potential dangers of artificial intelligence (AI) systems. These systems, particularly in relation to image generation and understanding, have shown some baffling glitches. The term "errors of discomprehension" is used to describe these glitches. Furthermore, there are concerns about the military applications of AI, with OpenAI reportedly opening the door to such uses. The author questions the wisdom of deploying AI in war scenarios when these systems still struggle to understand basic visual concepts.Next up, Aileen Lee, the venture capitalist who coined the term "unicorn" to describe billion-dollar startups, acknowledges that the term has taken on a life of its own and is imperfect. She believes that people may have overemphasized the concept of unicorns to achieve short-term success. Looking ahead, Lee predicts that the number of unicorns will shrink by more than 30% in the next few years as some high-profile unicorns experience declines or shut down entirely.Now, let's discuss the challenges faced by artificial intelligence (AI) systems and its impact on various industries. AI has the potential to increase productivity, but there is a need for sensible regulation to protect basic research and development. Climate change is another concern, with the need for investment in resilience and adaptation. On the medical front, advancements in AI have shown promise in detecting early signs of diseases like pancreatic cancer. However, there are also concerns about the impact of AI on employment, with studies showing that AI actually increases employment in certain occupations.Lastly, we have news about Google's pursuit of Artificial General Intelligence (AGI). Google is facing challenges in this pursuit, with top AI researchers leaving the company for other projects. This talent exodus could hinder Google's ability to achieve AGI. There is also a leadership crisis within Google, with criticism directed at CEO Sundar Pichai. Google's focus on protecting existing revenue streams rather than driving progress in AGI is seen as a strategic and leadership failure. Startups in generative AI, many of which have emerged from former Google employees, are seen as more successful in the race to AGI.And that wraps up today's news. Stay tuned for more updates from OWITH.ai: the podcast that gives you only what's important to hear in AI and
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