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Good morning Reader, Google is set to introduce its AI chatbot for children under 13, while Anthropic plans to repurchase employee shares at a $61.5 billion valuation. Apple is collaborating with Anthropic on an AI coding platform.
In India, IISc-incubated L2MRail is developing AI solutions for rail safety, and Ashwini Vaishnaw advocates for ethical AI standards. Meanwhile, Intel India and the IndiaAI Mission are enhancing AI skills, and OpenAI faces legal challenges from Musk, which could impact the AI landscape, especially with a pending judge's decision on Google. In today's newsletter:
- Anthropic to buy back employee shares at $61.5 billion valuation
- Apple partnering with startup Anthropic on AI-powered coding platform
- IISc-incubated L2MRail’s lab to develop AI-led solutions for rail safety
- Ashwini Vaishnaw pitches for shared standards, clear rules for ethical use of AI
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Anthropic to buy back employee shares at $61.5 billion valuation 
Anthropic is preparing to carry out its first employee share buyback, valuing the firm at $61.5 billion. The initiative also reflects a broader trend in the AI sector, where buybacks are used to compete for skilled talent. Read full article here |
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Apple partnering with startup Anthropic on AI-powered coding platform 
Apple is reportedly partnering with Amazon-backed Anthropic to develop an AI-powered “vibe-coding” tool, integrating Claude Sonnet into Xcode. Aimed at writing and testing code, it’s currently for internal use. This move aligns with Apple’s broader AI push, despite earlier delays in releasing its Swift Assist coding assistant. Read full article here |
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| AI Landscape Shifts: Google, Anthropic, and Legal Challenges Reshape Industry  The Pulse The AI sector is witnessing transformative developments, from Google's Gemini chatbot for children to Anthropic's employee buyback. These innovations highlight the industry's potential while raising ethical concerns about safety, misinformation, and market competition. How its happening Key players like Google and Anthropic are driving progress through strategic partnerships and product launches. Google's Gemini aims to assist children with homework, while Anthropic's buyback reflects a competitive landscape for talent. Regulatory scrutiny is intensifying. Key takeaways
- Google's Gemini chatbot targets children, emphasizing safety and parental control.
- Anthropic's $61.5 billion valuation highlights the competitive talent landscape.
- Legal challenges against AI firms raise ethical questions about copyright and market impact.
- Collaboration between tech giants like Apple and Anthropic signals a push for innovative coding tools.
- Government initiatives aim to establish ethical standards and promote local AI content.
Notable actions Google is set to launch its Gemini chatbot next week, while Anthropic prepares its first employee share buyback. Legal battles loom for OpenAI and Meta, with implications for market practices. Stakeholders should monitor regulatory developments closely. |
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Ashwini Vaishnaw pitches for shared standards, clear rules for ethical use of AI 
"As a government, we must provide a fair chance for everyone to showcase their story to the world. We must incentivise local content promotion and enforce IP framework among other things," Vaishnaw said, addressing the Dialogue, attended by External Affairs Minister S Jaishankar, Minister of State for I&B L Murugan, and representatives for several countries. Read full article here |
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Intel India, IndiaAI Mission collaborate to bolster AI capabilities and skilling 
The collaboration will focus on four key programmes: YuvaAI, StartupAI, IndiaAI Dialogues, and enabling Bhashini for scaling to remote regions. YuvaAI, through the Intel AI for Youth programme, will enable school students to develop AI-enabled solutions with social impact. StartupAI will support AI startups by granting access to technology, business guidance, and go-to-market mentorship via the Intel Startup Programme, through both group workshops and individual mentorship. Read full article here |
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 Around the web
- AI chatbots are ‘juicing engagement’ instead of being useful, Instagram co-founder warns
- Google will soon start letting kids under 13 use its Gemini chatbot
- One of Google’s recent Gemini AI models scores worse on safety
- The Climate Crisis Threatens Supply Chains. Manufacturers Hope AI Can Help
- Inside the Battle Over OpenAI’s Corporate Restructuring
- A Judge Says Meta’s AI Copyright Case Is About ‘the Next Taylor Swift’
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