👀 Meta is laying off employees once again

👀 Microsoft and OpenAI renegotiate multi-billion dollar partnership

• Microsoft and OpenAI are negotiating the tech giant's stake in OpenAI, following Microsoft's $13.75 billion investment since 2019, as the startup transitions to a for-profit company.

• The valuation of OpenAI, the creator of ChatGPT, has skyrocketed to $157 billion, and it plans to restructure into a for-profit public benefit company to attract more investors.

• Microsoft might also discuss expanding its governance rights in OpenAI following recent events, including the temporary dismissal of CEO Sam Altman, highlighting the need for changes in corporate governance.

🧠 Former OpenAI CTO seeks $100M for new models

• Former OpenAI CTO Mira Murati is planning to establish her own AI startup and is currently in talks with venture capitalists to secure over $100 million in funding.

• The new company will focus on developing proprietary AI models, building on Murati's experience with key projects like ChatGPT and DALL-E at OpenAI.

• Murati's move follows a trend of former OpenAI executives starting their own ventures, highlighting ongoing shifts in the AI industry and its executives' ambitions.

💵 US Treasury uses AI to recover billions from fraud

• The Treasury Department is using artificial intelligence to combat fraud, successfully preventing or recovering over $4 billion in potential losses within the last year.

• Officials have emphasized the use of machine learning to analyze extensive data sets, effectively identifying patterns of fraud frequently utilized by criminals.

• The department plans to extend its AI-developed resources and insights to other federal agencies to bolster their anti-fraud measures.

👨‍⚖️ Parents take school to court after student punished for using AI

• A Massachusetts school district was sued by a student's parents after their child was disciplined for using an AI chatbot to finish an assignment, despite no clear rule against it.

• The lawsuit claims that the Hingham High School student handbook does not explicitly prohibit artificial intelligence use, which led to the improper punishment of the student, identified as RNH.

• The case was taken to the US District Court for the District of Massachusetts, focusing on alleged violations of the student's civil rights and naming several school officials as defendants.

👀 Meta is laying off employees once again

• Meta confirmed that several departments faced layoffs on Wednesday, aiming to adjust resource allocation to align with long-term goals, including relocating teams and revising employee roles.

• Impacted teams include Reality Labs, Instagram, and WhatsApp, while divisions like Threads, recruiting, and legal operations were unaffected by the restructuring, according to Meta's spokesperson.

• Amid these changes, some employees were offered new roles or severance packages, with over a dozen workers informed of their layoff through video calls, receiving six weeks of severance pay.