📣 AI bill keeping Big Tech worried

Harris closing gap with Trump

Salut! It's time to down some shots of Tech and the Economy, with a dash of sarcasm to keep you awake. 😉

Source: Techonomy Barista.

🤖 Tech giants Nvidia, Apple, and Microsoft are eyeing investments in OpenAI, potentially valuing the AI startup at over $100 billion. Because nothing says "we're not scared of AI" like throwing obscene amounts of cash at it. 💸
🎭 OpenAI's playing the field, courting multiple suitors like it's The Bachelor: Silicon Valley Edition. Thrive Capital's leading the charge with a cool $1 billion, while Nvidia's contemplating a modest $100 million.
🕵️‍♂️ Regulators are side-eyeing Big Tech's AI love affair harder than a suspicious parent on prom night. EU and US watchdogs are particularly concerned about Nvidia's chip dominance and Microsoft's cozy relationship with OpenAI.
OpenAI's CFO Sarah Friar dropped the "we need more money" bomb on employees faster than you can say "neural network." Apparently, digital brains don't grow on trees – who knew? 🤷‍♂️

Source: The Information

California's new AI bill (SB 1047) has developers sweating bullets as they might be on the hook for what their customers do with AI—think hacked self-driving cars causing a collision. 💥
Tech giants like OpenAI and Google are freaking out, but Elon Musk and AI pioneers are all for it. 🛑
Governor Newsom hasn’t decided if he’s signing this yet, but it’s got everyone in Silicon Valley on edge.
Developers could face massive fines 💲 and be required to hire AI auditors—because, apparently, we need more people checking our homework.
Some AI folks are threatening to pack up and leave California 🏃‍♂️, but critics call that bluff a "negotiation tactic" at best.

Source: WSJ.

Harris sneaks ahead of Trump in poll, but it's tighter than your dad's wallet at a school fundraiser 📊💸
VP's image gets a glow-up: From Biden's shadow to "Hey, she's not so bad" in voters' eyes.
Trump's mudslinging at Harris isn't sticking. Looks like his political Teflon rubbed off on her.
Economy still Trump's trump card, but Harris is closing the gap faster than a hungry shark. 🦈
Battleground states still Team Trump, proving national polls are about as useful as a chocolate teapot 🗺️

Source: Techonomy Barista.

Tokyo's inflation is spicier than expected, hitting 2.4% and making economists' forecasts look like yesterday's sushi 🍣📈
Bank of Japan might finally wake up from its zero-interest-rate coma. It's alive! 🏦
Industrial output bounced back like a samurai after a sake night, up 2.8% in July. Arigato, car makers!
Retail sales are still growing, but slower. It's like Japan's economy is doing the world's longest moonwalk.
The government's giving the economy a thumbs up, but companies are playing "Red Light, Green Light" with production forecasts.🚦

Source: Pymnts

Meta's AI is spreading like wildfire: Llama models hit 350 million downloads while Meta AI snags 400 million monthly users. It's a tech pandemic, folks! 🦠📱
Zuckerberg's dreaming bigger than your high school crush: He wants Meta AI to dethrone ChatGPT as the world's favorite AI bestie by 2024 👑🔮
Big Tech is playing AI hot potato: Meta's tossing its AI at users like free samples at Costco, while some folks are dodging it like jury duty. 🏓😅
From Goldman Sachs to your local kebab shop, everyone's jumping on the Llama bandwagon. FOMO is the new black in Silicon Valley 🏦🌯
Meta's betting the farm on AI: They're pumping billions into this tech circus, hoping it'll rain dollar bills. It's like watching a Vegas high roller go all in 💸🎰