??? Why OpenAI’s New Model o1 is Redefining AI Safety Standards

AI is moving fast—like,?really?fast—and governments are stepping in to keep up. This week, two big stories made that crystal clear.

On one hand, OpenAI has made?a giant leap with unprecedented technology?showcased in its new generative AI model, o1. Its launch brings up questions (and surely concerns ??, but let’s take it easy). In the political sphere, it was announced that the United States?will host the Global AI Safety Summit?in November —there’s no time to waste— amid fears of misusing these advancements. ??

And speaking of changes, if creating short video content is your thing, you might want to consider?producing more of that format on your LinkedIn profile. Watch out, TikTok!

????

?

Six bullets of updates

1. ???How LinkedIn became?influencers’ hot new video platform. What happens when TikTok meets business networking?
2. ???Armenian startup 48% boosts revenue?after stricter email standards by Google and Yahoo.
3. ???OpenAI is opening a subsidiary company in Paris that will?“commercialize, sell and distribute software products.”?
4. ???Mistral introduces a?free tier for developers?to test its AI models, joining the AI accessibility movement.
5. ???EU appoints Zaharieva as the first commissioner for startups, aiming to?boost innovation and streamline regulations.
6. ???Generative AI startup Runway partners with Lionsgate to?develop custom video tools, including AI models, for Hollywood.

?

Rethinking AI regulation: The impact of OpenAI’s o1

OpenAI recently introduced its new generative AI model, o1, which focuses on?reasoning by taking more time to solve problems?like physics and math. Despite having fewer parameters than its predecessor, GPT-4o, o1 excels in specific tasks, highlighting that bigger models aren’t always better.

This has sparked debate about AI regulation, particularly laws like California’s SB 1047, which set safety standards based on the cost and compute power used to train AI models. Experts like Nvidia’s Jim Fan suggest that smaller models with advanced reasoning capabilities could outperform larger ones, making it clear that tying regulation solely to model size or compute may be outdated.

While policies like California's bill allow for?adjustments to evolving AI technologies, experts warn that current regulations don’t fully address real-world risks. As AI technology rapidly advances, policymakers must now consider better metrics for assessing risk.?Read more.

?

Startup Events and Deadlines

1. Founder Institute Core Program??|?Deadline: September 22 | USA
2. Antler Canada?|?Deadline: September 23 | Canada
3. Crash Course in Financial Modeling?| September 25 | Webinar
4. Startups and Business Networking Event NYC?| September 25 | Meetup
5. Startups & Investors Networking NY?| September 25 | Meetup
6. Antler Amsterdam?| September 30 | Amsterdam

?

Simple, Legal Company Closure

Dispose of your company easily – including all liabilities. In minutes.

Corporate Sunsetting: The better way to shut down your company.

?

These companies just raised money

1. ???Flink, the quick-commerce startup,?raises another $150M?at just under $1B valuation.
2. ?? Cybersecurity startup Intezer raises $33M for AI tools to tackle the 4M job gap in the security sector.
3. ???Teambridge, founded by ex-Uber execs, raises $28M for its?HR software tailored to hourly workers.
4. ?????AI digital employee startup?11xAI secures $24M in funding?led by Benchmark, aiming to revolutionize the workplace.
5. ?????Ume?raised $15M in Series A?to scale its BNPL services via Brazil's Pix, which 43% of Brazilians use?daily.
6. ???Ursa Major secures $12.5M from the U.S. Navy and DoD to develop?3D-printed rocket motors.

?

Biden Admin to Host Global AI Safety Summit

The Biden administration will host a global AI safety summit in San Francisco on Nov. 20-21, led by Commerce Secretary Gina Raimondo and Secretary of State Antony Blinken.?The event will bring together nations?like Australia, Canada, and the EU to promote safe and trustworthy AI development and address concerns over job losses, election security, and misuse of generative AI.

The summit aims to strengthen international cooperation ahead of the AI Action Summit in Paris. Experts will discuss safety measures following President Biden’s executive order requiring AI developers to report risks to national security or public health.?Read more!?

?

?

Budgeting a Startup Funding Round

Learn the essentials of driver-based modeling and discover how to identify and utilize key drivers that shape your business's financial performance. Follow Caya, CEO and Co-Founder of Slidebean, as he builds a financial model from scratch using Slidebean's free template, equipping you with the knowledge to make data-driven decisions that can propel your startup toward growth.?Subscribe here!