In the face of data privacy concerns and links to China, the RESTRICT Act introduced by Senators Mark Warner and John Thune seeks to block transactions from foreign adversaries -- drawing criticism from the ACLU and EFF. This bill could empower President Joe Biden and could lead to Internet surveillance. Advocates suggest reforming data privacy laws as an alternative solution.
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. Snapchat is giving its users access to the powerful My AI tool free of charge - powered by GPT (Generative Pre-trained Transformer). My AI allows for creative conversations and group chats, along with sending photos for AI-generated images. Helping creators reach viral stardom with over 50,000+ followers and over 25 million views, Snapchat ensures age appropriate advice for minor users. My AI has become a centrepiece of Snap's success, helping to differentiate it from its rivals Instagram and TikTok and encouraging users to create and communicate.
At Snap Partner Summit, it was clear that the company is catering to its Gen Z userbase and ensuring they stay on the board. To keep up with TikTok's Triumph, other social media apps have introduced their own short video feeds and creation programs including Snapchat. Despite its low userbase, Snap is taking an advance step with the use of Augmented and Artificial Intelligence technology to enhance the shopping experience. It is also introducing a new AI chatbot 'My AI' with a 99.5% accuracy rate. Snap is the leading name in social media and CEO Evan Spiegel is striving to maintain control within the power of AI.
. ByteDance's cloud service, Volcano Engine, released cloud products targeting AI startups who need to train large models. Get up to 70% in computing cost savings with its machine learning platform, plus the potential for multi-billion parameter models training. Learn the incredible story of ByteDance's success and Tan Dai, the president of Volcano Engine; driving AI innovation in China.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?