This is how AI can close the equity gap and boost the bottom line

Artificial intelligence may seem like a euphemism for institutionalized bias rather than a tool to eradicate it based on the (well-deserved) media attention this issue has garnered. And indeed, AI-powered platforms have committed mammoth grievances.

We’ve witnessed Amazon’s infamous hiring tool, Google’s faulty facial-recognition program, and Apple’s obtuse credit card, among others.

However,

A new RAND report considers a civil reserve space program for the Defense Department

What would it look like for the Defense Department to be able to lean on the commercial space community in times of need? That’s the question examined by a new report from the RAND Corporation released last week.

The paper, titled “A Framework for Building a Civil Reserve Space Program,” looks at how the Pentagon has built programs to activate commercial air and sea assets during conflicts, and lays out questions for how a similar partnership in the sp

Gemini-powered Google phones may make Siri even more of an Achilles’ heel for the iPhone

Google announced on Wednesday a new large language model called Gemini, which has the power of “sight” and “hearing” as well as new learning and reasoning capabilities. What’s more, the company has built a version of the new model to run inside the Android operating system on its Pixel 8 Pro phone. By bringing generative AI to the smartphone, Google is going after its competitor Apple’s main business, and Apple has shown little sign that it’ll

Google takes its best shot against OpenAI with new Gemini AI models

Welcome to AI Decoded, Fast Company’s weekly LinkedIn newsletter that breaks down the most important news in the world of AI. If a friend or colleague shared this newsletter with you, you can sign up to receive it every week here.

Google announces Gemini model, which can see and hear

Google was caught flat-footed when OpenAI suddenly released ChatGPT to the public a year ago, and the search giant has been furiously playing catch-up

Can Europe actually lead the world on AI regulation?

The generative AI boom has sent governments worldwide scrambling to regulate the emerging technology, but it also has raised the risk of upending a European Union push to approve the world’s first comprehensive artificial intelligence rules.

The 27-nation bloc’s Artificial Intelligence Act has been hailed as a pioneering rule book. But with time running out, it’s uncertain if the EU’s three branches of government can thrash out a deal Wednesday in wh

23andMe just updated its ‘dispute resolution’ rules as fallout from a serious data breach continues

On the heels of a hack that saw the data of roughly half of its users impacted, DNA testing service 23andme has changed the dispute resolution and arbitration section of its terms of service.

The company, in a note to customers sent Monday, says it “streamlined arbitration proceedings where multiple similar claims are filed,” and that the new procedures are meant to “encourage a prompt resolution of any disputes.” The changes to the terms of service were

Elon Musk’s xAI wants to raise $1 billion. But can his AI company stand out?

Investor interest in generative AI startups remains high, with more than $21 billion plowed into companies in the first nine months of this year, according to Pitchbook. And xAI, the AI company founded by Elon Musk, wants to add significantly to that total.

xAI aims to raise up to $1 billion in equity investments, according to a filing with the Securities and Exchange Commission this week. That’s on top of the $135 million it’s already raised, per the filing; any new i

Generative AI uncertainty remains for Hollywood actors, even after SAG-AFTRA ratifies new contract

Yesterday, the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) members voted to ratify the 2023 TV/Theatrical Agreement with the Alliance of Motion Picture and Television Producers (AMPTP), which now officially puts an end to the historic Hollywood strikes that shut down most of the industry for months this year. Turnout for the vote was over 38%, and 78% of those voting did so in favor of accepting the new deal.

SAG-AFTRA says the new deal includ

The truth about growing startups, as told by a founder and an investor

In the excerpt from their new book, Founder vs Investor: The Honest Truth About Venture Capital from Startup to IPO, Elizabeth Zalman and Jerry Neumann explain how the relationship between those running the startup (the founders) and those investing in the startup (the investors) is destined for conflict.

The genesis for the book came from a blog post Neumann wrote in November 2021 titled “Your Board of Directors is Probably Going to Fire You.”  It shot

As AI encroaches on journalism, I’m concerned—but not panicky

Thanks for reading Plugged In, Fast Company’s weekly dispatch from the world of tech. If a friend or colleague forwarded this edition to you—or you’re reading it on FastCompany.com—you can check out previous issues and sign up to get it yourself every Wednesday morning. I’m always eager to hear from you with feedback and ideas: Shoot me an email at hmccracken@fastcompany.com.

Let me begin as usual by calling a few Fast Company tech storie


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