💼 What Company Lays Off 5,500 Workers to Focus on AI?

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Monday! Awesome Weekend?

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ON YOUR ‘MASTER LIST’ TODAY

• 💬 AI Inspiration

• 🚨 Controversial AI Regulation Bill on Verge of Becoming Law in California

• 🚀 Runway ML Unveils 7x Faster AI Video Tool at Half the Cost

• 🔥 Cisco Lays Off 5,500 Workers to "Focus on AI”

• 📊 Last Poll Result

MONDAY AI QUOTE

AI GOVERNANCE

Controversial AI Regulation Bill on Verge of Becoming Law in California

California's (Senate Bill) SB-1047, a controversial AI regulation bill, is nearing approval, sparking concern in the tech industry.

The bill mandates AI companies to report large model training to the state and implement "kill switches" for unsafe AI.

Critics fear it could stifle innovation, while supporters argue it's a necessary step for safety.

If passed, the bill could significantly impact AI development in California.

Read more

RUNWAY AI

Runway ML’s New AI Video Tool: 7x Faster, Half the Cost

Runway ML has released Gen-3 Alpha Turbo, a faster and cheaper AI video generation model.

It’s seven times quicker and costs half as much as the previous version, making AI video production more accessible to everyone, including free trial users.

This model is especially useful for industries that need fast video creation.

The company announced the launch on its X account, highlighting that the new model keeps the same quality while speeding up the process.

Users have already tested it and found it significantly faster without losing quality.

Runway ML’s lower pricing aims to help it stay ahead in the competitive AI video market.

However, Runway ML faces ethical concerns about how it trains its AI models.

The company has been accused of using copyrighted content without permission, which raises legal issues.

To stay trustworthy, Runway ML may need to be more open about where it gets its data.

AI ART - CAN YOU TELL?

AI IN EMPLOYMENT

Cisco Lays Off 5,500 Workers to Focus on AI

Cisco is laying off 5,500 workers, even though it made $10.3 billion in profit. T

he company says it needs to invest more in AI.

This follows a similar layoff earlier this year.

Many believe AI is being used as an excuse to cut costs.

Cisco’s stock price went up after the announcement.

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LAST POLL RESULT

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