Morning Update: Xiaomi's EV Success, Meter's Art-Tech Blend, and AI Disinformation Trends

OWITH.ai - Only What's Important to Hear around AI and Tech

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Xiaomi, a top smartphone company, has successfully entered the electric vehicle market with its SU7 sedan. Delivering 27,307 sedans in Q2 of 2024, Xiaomi exceeded revenue estimates, planning to ship 120,000 cars by year-end. Meanwhile, Tesla recalls Model X SUVs due to a road hazard issue. Google's privacy lawsuit is revived, Waymo serves over 100,000 robo-taxi rides weekly, and the UK competition authority accepts Meta's promise. Moving on to Meter co-founders Sunil and Anil Varanasi, who blend art and technology in their internet infrastructure startup. Inspired by classic films like "The 400 Blows," they aim for harmony within their company. In other news, tech companies secure significant funding as private equity firms make key appointments for growth and investment opportunities.Shifting focus to America's power grid challenges, CEOs from PG&E, Edison International, and Sunrun are tackling wildfire risks in California. PG&E's CEO invests in grid resilience, while Edison International focuses on early line detection innovation. Sunrun accelerates consumer-led energy solutions revolution. In tech news, Waymo leads the robo-taxi race as companies adapt infrastructure for climate change.AI tools drive disinformation in the U.S. election, with a rise in AI-generated media and deepfakes. AMD acquires ZT Systems to rival Nvidia in AI tech infrastructure as LVMH CEO invests in AI startups. Other topics include Alphabet's robo-taxi service milestone and TSMC's EU plant boosting chip ambitions amid tech investment cycles.Discussing California's AI safety bill SB-1047, which was weakened before being signed into law. Despite opposition from tech companies, the author supports the bill for incentivizing alignment of AI models with human values. However, critics argue it's too narrow and fails to address all AI risks. Comprehensive federal legislation is emphasized for safeguarding citizens from various AI risks.That's all for today from OWITH.ai - stay tuned for more updates on AI and tech news!

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