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Today’s Headlines:

• Apple buys startup DarwinAI, adds staff to its AI division - Apple has bought artificial intelligence (AI) startup DarwinAI and added dozens of the Canadian company's staffers to its AI division. DarwinAI has developed AI technology for visually inspecting components during the manufacturing process and serves customers in a range of industries.

• Anthropic releases Claude 3 Haiku - their fastest model yet - With state-of-the-art vision capabilities and strong performance on industry benchmarks, Haiku is a versatile solution for a wide range of enterprise applications. The model is now available alongside Sonnet and Opus in the Claude API and on claude.ai for our Claude Pro subscribers.

• Blockchain tech could be the answer to uncovering deepfakes and validating content - Recently, Fox Corp. partnered with Polygon Labs, the team behind the Ethereum-focused layer-2 blockchain, to tackle deepfake distrust. They launched Verify, a protocol that aims to protect their IP while letting consumers verify the authenticity of content. One of the key benefits of blockchain technology is the ability to store data in a way that ensures the integrity of that data.

• Researchers develop AI-driven tool for near real-time cancer surveillance - In partnership with the National Cancer Institute researchers from the Department of Energy's Oak Ridge National Laboratory and Louisiana State University developed a long-sequenced AI transformer capable of processing millions of pathology reports to provide experts researching cancer diagnoses and management with exponentially more accurate information on cancer reporting.

• Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI - Morgan Stanley promoted a tech executive in its wealth management division to become the bank’s first head of firm-wide Artificial Intelligence. Jeff McMillan, a veteran of the New York-based bank, to help guide its implementation of AI across the firm. Morgan Stanley became the first major Wall Street firm to create a solution for employees based on OpenAI’s GPT-4, a project overseen by McMillan.

• Adobe stock tumbles most since 2022 as AI competition heats up - The stock's drop is largely attributable to revenue guidance for the second quarter coming in lighter than Wall Street had expected. On the positive side, the first quarter's top and bottom lines both beat the analyst consensus estimate.

• ‘AI-powered’ ad ignites creator controversy on Instagram - A new ad from Under Armour featuring boxer Anthony Joshua has come under fire from creatives on Instagram after its director claimed it as the “first Ai-powered sports commercial” — but critics in the industry say it blatantly reused others’ work without credit as part of an AI hype cycle cash grab.

• 12 Best Artificial Intelligence (AI) Stocks To Buy According to Financial Media - While the AI market has become incredibly saturated by big tech names, several other companies have contributed to the growth of AI and are beginning to gain traction as well.

• If Nvidia Keeps Rising Like This, It Will Be Bigger Than the Global Economy - Enthusiasm for A.I. is raising the share prices not only of Nvidia, but also of many other tech companies. The rate of Nvidia’s gains — an increase of about 290% over the past 12 months many Wall Street analysts wondering how sustainable this run is.

• AI and wage and hour laws: what employers need to know - The use of new AI models will certainly have the potential to transform the workplace, and therefore employers should be mindful that changes to employees' job responsibilities as a result of AI tools may require employers to re-classify workers' exemption status under federal and state overtime laws.

• Generative AI's privacy problem - Critics say large language models are collecting and often disclosing personal information gathered from around the web, often without the permission of those involved. As more individuals use AI to seek relationship advice, medical information or psychological counseling, experts say the risks to individuals are growing.

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