Truncated: latest AI news

Yesterday · Tue 10 Nov

"Everybody has access today. I think that's beta": PE investors say AI's edge is in data and judgment

AI-generated summary Private equity investors at the Israel Private Markets Summit stated that standard artificial intelligence models are now accessible to everyone and function as baseline beta. Speakers from Veritas Capital, Vista Equity Partners, and Tikehau Capital explained that a firm's true differentiation comes from proprietary data, human context, and judgment.

Nvidia's crisis and the politics of an AI pause

AI-generated summary Political backlash and a crisis facing Nvidia could force a slowdown in artificial intelligence development that industry leaders have struggled to achieve voluntarily. Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and Elon Musk have warned about the potentially catastrophic risks of advanced artificial intelligence and the need to pace its development.

Also covered by Bloomberg news.bloomberglaw.com

McDonald’s AI Price-Fixing Suit Fuels Legal Risk Over Franchises

AI-generated summary A lawsuit alleges McDonald's Corp. improperly used an algorithmic pricing tool to pressure franchise restaurants to use the system, which supposedly resulted in higher menu prices. The proposed class action is expected to prompt similar AI price-fixing cases involving franchisee relationships and has drawn scrutiny from lawmakers including Sen. Elizabeth Warren and Rep. Becca Balint.

AI is changing cancer treatment — and a new breakthrough shows just how far we've come

AI-generated summary Researchers are using artificial intelligence to understand cancer at a detailed level and develop personalized treatments based on a patient's unique genetic tumor makeup. In a Phase 3 trial, an experimental personalized melanoma vaccine developed by Moderna and Merck combined with Keytruda reduced recurrence or death risk by 42% compared with Keytruda alone.