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Artificial intelligence (AI) startups Anthropic and OpenAI have signed agreements with the federal agency overseeing AI safety to “enable formal collaboration on AI safety research, testing and evaluation.”
The announcement Thursday from the U.S. Artificial Intelligence Safety Institute at the Department of Commerce’s National Institute of Standards and Technology (NIST) called these the first-of-their-kind collaborations regarding AI between the U.S. government and industry to “help advance safe and trustworthy AI innovation for all.”
The statement said the memorandums of understanding will give the AI Safety Institute access to major new models from the two companies before and after their public release. It noted that it will allow for “collaborative research on how to evaluate capabilities and safety risks, as well as methods to mitigate those risks.”
In addition, the AI Safety Institute expects to work with the U.K. AI Safety Institute to provide feedback to the two companies on how they can improve the safety of their models.
U.S. AI Safety Institute Director Elizabeth Kelly called the agreements with Anthropic and OpenAI just the beginning, but said they are “an important milestone as we work to help responsibly steward the future of AI.”
Anthropic co-founder Jack Clark wrote on the social media platform X that the company is looking forward to teaming up with the AI Safety Institute, adding that “third-party testing is a really important part of the AI ecosystem and it's been amazing to see governments stand up safety institutes to facilitate this.”
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Actor Adeniyi Johnson has penned an appreciation note to Instagram over the number of followers on his page.
He said, my dearly beloved instagram, after holding my account for 4years as having 2million followers despite having followers everyday and reducing my engagements to what only you and I can see, you decided to take me to 2.1million by May ending and now l’m back to 2million!!! This is just to appreciate you for your retrogressiveness!! You too much!!
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Social Security checks will be much smaller in 10 years unless Congress changes something about how the program works.That’s according to a projection released this week by the Congressional Budget Office, which estimated a key Social Security trust fund will run dry in 2034. The fund—which serves as a financial cushion for the program—is being drained because Social Security currently pays out more in benefits than it receives in payroll tax revenue.
The situation will likely worsen in the future as the population ages, the nonpartisan research group said. When the trust fund runs out, the program will only be able to pay benefits based on what it takes in, which would shrink monthly checks by 23%.
The latest estimate is actually a bit rosier than the group’s projections last year, which had the funds running out in 2032.
The report highlighted the long-term problems threatening the Social Security program, an essential social safety net against poverty among seniors. Stabilizing it could require either cutting payouts or raising taxes, both politically unpopular options.
In the 2024 presidential election, Democrat Vice President Kamala Harris and former President Donald Trump have both committed to leaving benefits intact.
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Source: Harvard Health Publishing
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Senator Monday Okpebholo Celebrates Birthday with Eyes on September 21, 2024 Victory
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Shares of American Eagle Outfitters (AEO) fell after the young adult clothing retailer’s sales missed forecasts and it gave a soft outlook for the current quarter as its smaller brands struggled.
The parent of the American Eagle, Aerie, Unsubscribed, and Todd Snyder brands said second-quarter revenue rose 7.5% to $1.29 billion, about $20 million below the average estimate of analysts surveyed by Visible Alpha. Diluted earnings per share (EPS) of $0.39 were in line with expectations.
Sales at its American Eagle stores gained 7.9% to $827.6 million. They were up 9.3% to $415.6 million at Aerie. However, other brand sales slumped 47% to $57.5 million.
The news sent American Eagle's shares down about 3%. The stock is down for the year, though less than 1%.
CEO Jay Schottenstein said the company was operating in “a dynamic macroeconomic environment,” and will “remain disciplined and focused on delivering profitable growth and long-term shareholder value.”
AEO is anticipating third-quarter revenue to be flat to up slightly from last year's $1.3 billion, and operating income to be in the range of $120 million to $125 million. Visible Alpha predictions were for revenue of $1.31 billion and operating income of $137 million.
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