BlackRock, the world’s largest asset manager, has launched two new exchange-traded funds (ETFs) to provide investors with exposure to the rapidly growing market for AI. AI is predicted to have widespread applications across industries, and BlackRock sees it as a major force driving long-term investment opportunities.
The iShares A.I. Innovation and Tech Active ETF will focus on global AI and technology stocks, while the iShares Technology Opportunities Active ETF will invest in tech companies across various sectors, including semiconductors, software, and hardware. Both funds are designed to help investors capitalise on the increasing integration of AI into different industries.
Despite mixed demand for thematic ETFs recently, BlackRock‘s move reflects its confidence in AI’s potential. The company continues to believe AI will shape the future of industries from technology to financial services, offering unique investment opportunities.
Earlier this month, BlackRock reported record-high assets under management, boosted by a strong US stock market rally, further highlighting its successful strategy in the investment market.
Qualcomm has announced a partnership with Google to create advanced AI tools for the automotive industry. This collaboration will allow automakers to develop customised voice assistants without relying on a driver’s mobile phone. Qualcomm’s expertise in chips and Google’s Android Automotive OS will be merged to provide a seamless experience for vehicle computing systems.
The Android Automotive OS, distinct from Google’s Android Auto, powers internal vehicle systems instead of simply mirroring apps from smartphones. Automakers will be able to personalise their AI voice assistants using this technology, offering features independent of phone connectivity. Qualcomm highlighted that this shift in strategy with Google aims to eliminate confusion for automakers by streamlining their services.
Qualcomm also launched two new chips designed to enhance driving experiences. The Snapdragon Cockpit Elite will focus on powering dashboards, while the Snapdragon Ride Elite will support autonomous driving systems. These innovations build on Qualcomm’s growing presence in the automotive sector, which includes partnerships with companies like General Motors.
Mercedes-Benz plans to integrate the Snapdragon Cockpit Elite chip into future models, though the exact timing and vehicle models remain undisclosed. Qualcomm continues to expand its influence in automotive technology, further positioning itself as a key player in the industry’s digital transformation.
Anthropic, the AI startup backed by Alphabet and Amazon, has launched updated AI models with a new feature designed to automate computer tasks, reducing the need for human interaction. The company’s latest innovation allows AI to perform actions like moving the mouse, clicking, and typing, simplifying complex tasks for software developers. This capability brings Anthropic closer to creating AI agents that can handle multi-step processes, a significant advancement beyond traditional chatbots.
The new feature, included in Anthropic’s mid-tier Claude 3.5 Sonnet model, is tailored to help developers with tasks like coding and even navigating programs like Google Search or Apple Maps. While it shows promise, the company has implemented safeguards to prevent misuse, such as spam or election interference. Anthropic continues to seek feedback from businesses to refine the tool and is exploring how to make it available to consumers in the future.
Anthropic’s Chief Science Officer, Jared Kaplan, demonstrated the potential of this AI to automate workflows, while Instagram co-founder Mike Krieger, now Anthropic’s chief product officer, expressed excitement about further advancing the technology to fully automate tasks like booking flights.
Thousands of creatives, including Kevin Bacon, Thom Yorke, and Julianne Moore, have signed a petition opposing the unlicensed use of their work to train AI. The 11,500 signatories believe that such practices threaten their livelihoods and call for better protection of creative content.
The petition argues that using creative works without permission for AI development is an ‘unjust threat’ to the people behind those works. Signatories from various industries, including musicians, writers, and actors, are voicing concerns over how their work is being used by AI companies.
British composer Ed Newton-Rex, who organised the petition, has spoken out against AI companies, accusing them of ‘dehumanising’ art by treating it as mere ‘training data’. He highlighted the growing concerns among creatives about how AI may undermine their rights and income.
The United Kingdom government is currently exploring new regulations to address the issue, including a potential ‘opt out’ model for AI data scraping, as lawmakers look for ways to protect creative content in the digital age.
OpenAI has appointed Aaron Chatterji as its first chief economist. Chatterji, a professor at Duke University and former chief economist at the US Commerce Department, will lead research on the economic impact of AI technologies. His focus will include AI’s potential influence on economic growth and employment trends.
Chatterji played a key role in coordinating the Biden administration’s implementation of the 2022 CHIPS Act, which allocated $280 billion towards developing the country’s semiconductor industry. His expertise and political network could benefit OpenAI as it explores designing chips internally.
The announcement also included another significant hire, with Scott Schools joining as chief compliance officer. Schools, previously at Uber and a former associate deputy attorney general, will oversee legal compliance and ethical practices at OpenAI.
These strategic hires reflect OpenAI’s growing ambition to lead AI development responsibly while expanding into new areas, such as chip design, amidst increasing regulatory attention.
CrewAI, a startup founded by João Moura, is revolutionising back-office automation by leveraging third-party AI models from companies like OpenAI and Anthropic. Instead of building its own AI, CrewAI enables businesses to create custom workflows that automate repetitive tasks such as report summarisation and onboarding processes. Through a simple dashboard, customers can deploy and manage their AI-driven automations, using the tools they already rely on.
Positioned as a more flexible alternative to traditional robotic process automation (RPA), CrewAI allows companies to integrate AI ‘agents’ that can handle complex tasks without rigid, pre-set rules. This adaptability, along with a focus on data privacy, is drawing the attention of investors, with the startup raising $18M in funding and attracting 150 customers within its first year of operation.
With competition from other AI-driven automation startups, CrewAI is looking to expand further, offering its new Enterprise Cloud subscription plan, which includes enhanced security features and templates for workflow creation. Based in San Francisco, US and Brazil, the company aims to grow its workforce and continue advancing its automation tools.
The Danish government has relaunched the National Cyber Security Council (NCSC) with an expanded mandate to strengthen digital security across critical sectors while advancing AI capabilities. That effort is part of a larger initiative that includes the country’s €100 million National Strategy for Digitalisation (NSD), which supports AI development through regulatory sandboxes and guidelines aligned with the EU’s AI Act.
The NCSC will promote public-private partnerships, enhance data sharing between government, businesses, and academia, and protect critical infrastructure from rising cyber threats. In tandem, the government’s Artificial Intelligence Guideline (AIG) project helps companies and public authorities adopt AI securely, offering a framework to test and integrate AI technologies within a regulatory safe zone. These combined efforts boost digital transformation while ensuring strong cybersecurity and legal compliance.
The NCSC’s new mission addresses growing cybersecurity challenges, particularly in light of geopolitical instability, such as Russia’s invasion of Ukraine. The council aims to foster collaboration between national security agencies and small and medium-sized enterprises (SMEs) by assembling experts from key sectors, including businesses, universities, and municipalities.
The Danish government’s investment in AI development is also supported by regulatory sandboxes that allow companies to innovate safely within the EU legal frameworks like GDPR and the AI Act. The broader NSD also targets improvements in digital education, workforce skills, and business transformation, ensuring that a solid security and regulatory oversight foundation underpins Denmark’s push for innovation.
The RegHorizon and ETH Zurich Center for Law and Economics are organising a fifth AI Policy Summit. This years summit will be held on 1-2 November 2024.
The AI Policy Summit offers a platform for policymakers, business leaders, civil society, and academia to converge, exchange ideas, and collaboratively shape the future of AI policies. The Summit is an opportunity to be at the forefront of AI policy-making, ensuring that the technology benefits all of humanity while addressing ethical, social, and legal considerations.
More information, agenda, and the registration are available at the Summit webpage
CUDIS announced the integration of the World App, enabling users to securely verify and manage their biometric data through World ID, a system that utilises iris scans for identity verification. The innovative feature enhances the functionality of the CUDIS smart ring, which tracks important health metrics such as heart rate and sleep patterns and allows it to interact with decentralised physical infrastructure networks (DePIN).
Moreover, users are incentivised to engage with various features, including an AI fitness coach, and they receive WRD tokens for submitting their biometric data. Consequently, the integration significantly bolsters privacy and security by allowing users to store their data on-chain using the decentralised InterPlanetary File System (IPFS). Additionally, World ID, part of the World Network (formerly known as Worldcoin), aims to combat digital identity threats like deepfakes while preserving user privacy.
In the near future, CUDIS plans to release a limited-edition smart ring specifically for World ID holders, emphasising the importance of encrypting biometric data to ensure transparency and trust among users. Since its launch in May, the company has sold 10,000 smart rings and is preparing to airdrop a Solana-based token by the end of the year.
Furthermore, CUDIS introduced an NFT series called ‘Edamame’ and successfully raised $5 million in seed funding, indicating strong investor confidence in the company’s innovative digital identity and health-tracking approach.
Marvell Technology, a leading US chip manufacturer, has announced it will raise prices across its entire product line starting January 1, marking the first major price increase in the optical communications sector. This decision comes after Marvell’s strong financial performance last quarter, driven by the surging demand for AI-related products, including ASICs and silicon photonics for data centres. The price hike is seen as a way to capture new market opportunities and support ongoing investments in innovative technologies.
A leaked notification letter from Marvell’s Senior Vice President of Global Sales, Dean Jarnac, revealed that the global demand for AI and accelerated computing is pushing companies like Marvell to expand production capacity and invest in new manufacturing bases. Jarnac emphasised that the price increase is necessary to support these investments, but assured customers that the impact would be minimised and encouraged them to plan their orders accordingly.
Marvell’s recent growth has been fueled by booming demand in the AI space, particularly in its data centre business. Key products such as 800G PAM and 400ZR optical solutions have been central to this success. Marvell’s CEO Matt Murphy highlighted the company’s optimistic outlook, expecting continued revenue growth in the coming quarter as demand for AI and data centre solutions continues to rise.
