Securities Litigation Partner James (Josh) Wilson Urges Investors with Losses over $100,000 in Applied Digital to Reach Out for a Personal Consultation on Available Options

**Title: Investigating Potential Claims against Applied Digital Corporation: Securities Law Firm Urges Investors to Seek Legal Rights**

**H1: Faruqi & Faruqi, LLP Investigates Claims Against Applied Digital Corporation**

*New York, Aug. 26, 2023* /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is currently conducting an investigation into potential claims against Applied Digital Corporation (“Applied Digital” or the “Company”) (NASDAQ: APLD). The firm reminds investors of the upcoming deadline on October 11, 2023, to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company. This investigation follows allegations of material false statements and misleading actions made by the Company’s management regarding its business operations and compliance policies. Applied Digital investors who suffered losses exceeding $100,000 between April 13, 2022, and July 26, 2023, are encouraged to discuss their legal rights with Faruqi & Faruqi partner Josh Wilson by calling 877-247-4292 or 212-983-9330 (Ext. 1310). Additional information can also be found on their website at http://www.faruqilaw.com/APLD.

**H2: Allegations of False Statements and Lack of Compliance Include**

Throughout the Class Period, it is alleged that *Applied Digital* made misleading statements about the *profitability of its datacenter hosting business* and its ability to transition into a *low-cost AI Cloud services provider*. Moreover, the complaint asserts that *Applied Digital’s Board of Directors* did not meet the criteria defined by NASDAQ listing rules for independence, which, in turn, impacted the efficacy of its business model and corporate governance standards. These alleged actions, once revealed, could have significant financial and reputational consequences for the Company. Therefore, it is claimed that *Applied Digital’s* public statements were materially false and misleading.

**H2: Applied Digital’s Initial Public Offering and Connections with B. Riley Financial**

In April 2022, Applied Digital conducted its initial public offering (IPO) by issuing 8 million shares of common stock priced at $5.00 per share, ultimately raising approximately $40 million. B. Riley Securities, Inc., an investment bank and a subsidiary of B. Riley Financial, Inc., served as the primary underwriter for the IPO. The offering documents unveiled several close connections between Applied Digital and B. Riley Financial. For instance, Applied Digital’s CEO, Wesley Cummins, sold a majority interest in a registered investment adviser controlled by him to B. Riley Financial, thus becoming the President of B. Riley Asset Management. Additionally, *Applied Digital* board members Chuck Hastings and Virginia Moore also had close associations with B. Riley. While these connections exist, Applied Digital is required to comply with NASDAQ listing rules regarding the independence of its board members.

**H2: Uncovering Applied Digital’s AI Cloud Service Launch and Financing Deal**

On May 15, 2023, Applied Digital announced the launch of its cloud service to empower artificial intelligence applications. Subsequently, on May 23, 2023, the Company entered into a loan and security agreement with B. Riley Commercial Capital, LLC, and B. Riley Securities. The agreement aimed to provide additional liquidity for the buildout of Applied Digital’s AI cloud platform and data centers. However, Applied Digital repaid the loan balance well before its contractual maturity, aligning with B. Riley’s effort to finance its acquisition of Franchise Group, Inc. This sequence of events brought market analysts’ attention to Applied Digital’s business model and the connections between the Company and B. Riley.

**H2: Market Analysts’ Reports and Impact on Applied Digital Stock**

In July 2023, market analysts published several reports that raised questions and concerns surrounding Applied Digital. Reports from Wolfpack Research and The Bear Cave highlighted issues such as the Company’s purported pivot to become an AI Cloud service provider and its corporate history, respectively. Following the publication of these reports, Applied Digital’s stock price experienced a significant decline. The Friendly Bear report further emphasized control over managerial decisions by B. Riley and alleged conflicts of interest within the Company’s board, potentially subjecting Applied Digital to legal repercussions. Consequently, the Company’s stock saw a further decline.

**Editor’s Notes**

This investigation by Faruqi & Faruqi, LLP sheds light on the alleged false and misleading statements made by Applied Digital Corporation, as well as their connections with B. Riley Financial. Such investigations play a vital role in protecting investors’ interests and maintaining transparency in the securities market. It is crucial for investors who suffered significant losses during the specified period to explore their legal rights and seek potential remedies through this class action lawsuit.

For the latest news and updates on legal matters, finance, and a wide range of topics, visit GPT News Room at https://gptnewsroom.com.

Note: The content in this article is for informational purposes only and does not constitute legal advice or a solicitation to enter into an attorney-client relationship.

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IBM Introduces Watsonx Code Assistant for Z while OpenAI Unveils Custom Tuning Option for GPT3.5 Turbo

IBM recently announced the launch of an exciting new tool called ‘Watsonx Code Assistant for Z’. This tool uses artificial intelligence (AI) to convert COBOL language to Java, making it easier to modernize COBOL applications running on mainframes. With this advancement, businesses can now streamline their mainframe systems and bring them into the modern era.

In another exciting development, OpenAI has made its GPT-3.5 Turbo available for custom tuning. This essentially allows users to build their own models using the powerful GPT-3.5 Turbo AI. This is a game-changer for developers and opens up endless possibilities for creating custom AI solutions tailored to specific needs.

Not to be outdone, Microsoft has recently announced that it is bringing Python to Excel. This integration will enable Excel users to harness the power of Python programming directly within the familiar Excel interface. This is great news for data analysts, researchers, and anyone who relies on Excel for data manipulation and analysis.

At News Source Crawler, we aim to keep busy individuals and knowledge-hungry minds up to date with the latest news and updates. Our curated selection includes digests, updates, and bulletins from reliable sources around the world. We cover news from the USA, UK, Australia, Canada, France, Spain, Mexico, Brazil, Israel, the Middle East, China, Korea, and Japan, ensuring a global perspective on current events.

Our news videos are designed to provide all the necessary information in a concise and easily digestible format. Each video is prepared in English and the original language of the news source, allowing viewers to access news from around the world without language barriers.

We meticulously sift through various news sources on a daily basis to bring you the most newsworthy information. Our goal is to provide a comprehensive and up-to-date source of news for global citizens. Whether you’re interested in the latest technological advancements, business updates, or world events, News Source Crawler has you covered.

Editor Notes:
At GPT News Room, we strive to bring you the latest news and insights into the world of AI and technology. Our team of experts works tirelessly to curate and deliver the most relevant and engaging content. Stay informed and discover the limitless potential of AI by visiting our website at https://gptnewsroom.com.

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Transform Your Life with the Empowering Combination of NLP and Ho’oponopono

Unlocking Personal Growth and Success: The Power of NLP and Ho’oponopono

Neuro-Linguistic Programming (NLP) and Ho’oponopono offer a transformative approach to personal growth and success. By combining NLP’s focus on behavior and communication improvement with Ho’oponopono’s emphasis on reconciliation and forgiveness, we can revolutionize our lives.

Improving Communication Skills with NLP

NLP is renowned for enhancing communication skills, allowing us to build stronger relationships both personally and professionally. Through techniques like reframing, rapport-building, and sensory language, we can effectively connect with others. This empowers us to negotiate, persuade, and influence others, becoming effective leaders in all aspects of life.

Cultivating Inner Peace with Ho’oponopono

Amidst the chaos of a hectic world, Ho’oponopono can help us cultivate inner peace. By practicing mindfulness, taking responsibility for our thoughts and emotions, and seeking forgiveness, we can release negativity and let go of past grievances. This cultivates greater emotional intelligence and overall wellbeing, enabling us to gracefully navigate life’s challenges.

Boosting Manifestation Capabilities through NLP

NLP provides powerful tools for manifesting our desires. Techniques like visualization, reframing, and goal setting help clarify our dreams, creating a roadmap for success. By challenging negative thought patterns and limiting beliefs, we can reprogram our minds and align our thoughts and actions with our deepest desires.

Freeing ourselves from Self-Sabotage with Ho’oponopono

Ho’oponopono allows us to break free from self-sabotaging behaviors by acknowledging and releasing negative beliefs and emotions. By combining it with affirmations and positive self-talk, we foster a positive and empowering mindset that paves the way for success and fulfillment.

Building Resilience with NLP and Ho’oponopono

Resilience is essential for overcoming life’s obstacles, and both NLP and Ho’oponopono contribute to its development. NLP techniques like reframing and anchoring help us change our perspective on difficult situations, fostering mental resilience. Ho’oponopono empowers us to take responsibility for our emotions, fostering a positive mindset even in adversity. By identifying and releasing limiting beliefs and harmful patterns, we lay the foundation for positive change in our personal and professional lives.

Embarking on a Journey of Self-Discovery and Empowerment

Embracing the power of NLP and Ho’oponopono unlocks our full potential and enables us to create the life we desire and deserve. Together, they provide a transformative combination that propels us on a journey of self-discovery and empowerment.

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Editor Notes

The combination of Neuro-Linguistic Programming (NLP) and Ho’oponopono offers a powerful toolset for personal growth and success. By improving our communication skills, cultivating inner peace, boosting manifestation capabilities, freeing ourselves from self-sabotage, and building resilience, we can unlock our full potential and create the life we desire. Embracing these practices can be a truly transformative journey of self-discovery and empowerment.

Editor’s Note:

For the latest news on AI and its impact on various industries, visit GPT News Room.

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ChatGPT faces restrictions from prominent media outlets

Major Media Organizations Block OpenAI’s GPTBot from Scraping Content

In recent news, major media organizations such as the New York Times, CNN, Reuters, and the Chicago Tribune have blocked OpenAI’s GPTBot from accessing their online content. This move has posed a challenge for OpenAI’s large language model, ChatGPT, which relies on up-to-date information to enhance its accuracy and capabilities. Interestingly, the Australian Broadcasting Corporation and Australian Community Media have also sealed their websites, further limiting access to relevant news sources for ChatGPT.

GPTBot, the web-crawling software developed by OpenAI, is responsible for collecting information from various sources to train ChatGPT. OpenAI promotes the benefits of allowing GPTBot access to websites as a means to improve AI models and ensure their safety. However, the current blocks imposed by media organizations, particularly those with timely and pertinent news, present challenges for this web-crawling software and its capability to gather new and relevant data.

Challenges Faced by OpenAI to Keep ChatGPT Up-to-Date

When ChatGPT was initially launched, it had only been trained on information up until September 2021. Since then, significant events, such as Joe Biden becoming president and the U.S. military exiting Afghanistan, have occurred. To address this issue and remain relevant, OpenAI has been actively working on finding solutions. They implemented temporary initiatives like the “Browse with Bing” feature, which allowed users to search the web, and unleashed GPTBot to explore the internet.

However, major media organizations have prohibited the scraping of their content due to concerns regarding data usage and revenue. Publishers rely on website visits to generate income through subscriptions and advertising. By providing content directly to chatbots like ChatGPT, the need for users to visit publishers’ websites decreases, potentially impacting their revenue streams. As traditional media outlets grapple with declining advertising dollars brought about by social media, they are cautious about granting A.I. access to their valuable information.

The Emergence of Paid Access and Potential Licensing Deals

Media organizations blocking GPTBot’s access to their websites may be exerting pressure on OpenAI to negotiate paid access agreements. In a recent deal, OpenAI partnered with the Associated Press to license news stories for A.I. training purposes. Although the financial details of this agreement remain undisclosed, it raises the possibility of similar arrangements with other media outlets. Google, another organization using web scraping to train its language models, may also pursue licensing deals with news publishers that have chosen to block access.

What’s Happening in the Tech World Today

– OpenAI’s GPTBot faces obstacles as major media organizations block access to their content, hindering the training of ChatGPT and limiting its access to up-to-date information.

– Media outlets’ concerns about revenue and data usage have led to increased pressure on OpenAI to negotiate paid access agreements.

– OpenAI recently struck a licensing deal with the Associated Press, prompting speculation about similar arrangements in the future.

– Google, which also scrapes publishers’ websites for training purposes, may consider pursuing licensing deals with blocked media organizations.

Editor Notes

As OpenAI’s language model ChatGPT faces roadblocks in accessing major media outlets’ content, the issue highlights the delicate balance between advanced AI systems and media organizations seeking to protect their revenue streams. Negotiating paid access agreements may emerge as a feasible solution, benefiting both OpenAI in training its models and media organizations in monetizing their content. As the AI landscape continues to evolve, collaborations between AI developers and media outlets will likely play a significant role in defining the future of information consumption.

Explore GPT News Room for more AI and technology-related updates.

Opinion piece by Tim Ferris

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The Conflict for Open-Source AI following the Rise of Generative AI

The Potential and Challenges of Open-Source AI: A Deep Dive

Open-source AI is revolutionizing the software ecosystem by increasing accessibility to AI models and tools. This has resulted in accelerated innovation, improved quality, and lower costs for organizations. According to the 2023 OpenLogic report, 80% of organizations are using more open-source software compared to last year, as it allows them to access the latest innovations, improve development velocity, reduce vendor lock-in, and minimize license costs.

While tech giants like Google, Microsoft, and Amazon Web Services have been cautious in releasing their AI innovations, some organizations, such as Meta and other AI-based research companies, are actively open-sourcing their AI models. This has sparked intense debate over the potential of open-source AI to challenge big tech. In this article, we will analyze the potential benefits of open-source AI and the challenges that lie ahead.

Pioneering Advancements with Open-Source AI

Many practitioners see the rise of open-source AI as a positive development because it makes AI more transparent, flexible, accountable, affordable, and accessible. However, tech giants like OpenAI and Google are cautious about open-sourcing their models due to commercial, privacy, and safety concerns. By open-sourcing their models, they risk losing their competitive advantage or exposing sensitive information to malicious actors.

Nevertheless, open-sourcing AI models leads to faster innovation. Many significant AI advancements have become accessible to the public through open-source collaboration. For example, Meta open-sourced their LLM model called LLaMA, which led to further breakthroughs in AI and the development of derivative models like Alpaca and Vicuna. Stability AI built Beluga 1 and Beluga 2, both of which showcased better results on language tasks compared to state-of-the-art models at that time. Meta has recently introduced Code LLaMA, an open-source AI tool for coding that outperforms other models.

Research and practitioners are continually enhancing the capabilities of open-source AI models. Models like Giraffe from Abacus AI and Llama-2-7B-32K-Instruct from Together AI can now handle 32K long input context lengths, a feature previously available only in proprietary models. Initiatives like MosaicML’s open-source MPT 7B and 30B models empower researchers to train their generative AI models from scratch. This collective effort has transformed the AI landscape, fostering collaboration and driving groundbreaking discoveries.

Benefits of Open-Source AI for Companies

Open-source AI offers numerous benefits that make it a compelling approach in artificial intelligence. Here are some of its advantages:

1. Rapid Development: Open-source AI models allow developers to build upon existing frameworks, enabling rapid development and iteration of new models. Developers can create novel applications without reinventing the wheel.

2. Increased Transparency: Open-source provides visibility into the underlying algorithms and data, reducing bias and promoting fairness in AI systems.

3. Increased Collaboration: Open-source AI democratizes AI development, fostering collaboration among a diverse community of contributors with varying expertise.

Navigating Challenges with Open-Source AI

Although open-source AI has many advantages, it also presents potential risks. Here are some of the key concerns associated with open-source AI:

1. Regulatory Challenges: The accessibility and democratization of open-source AI models raise concerns about potential malicious use. Poorly secured open-source AI projects can put organizations and consumers at risk.

2. Quality Degradation: Unlike closed-source models maintained by dedicated teams, open-source AI models rely on community upkeep. This can lead to potential neglect and outdated model versions, hindering critical applications and endangering user trust.

3. AI Regulation Complexity: Open-sourcing AI models introduces complexity for AI regulators, who must consider protecting sensitive data, preventing misuse, and ensuring models are well-maintained.

The Evolving Nature of the Open-Source AI Debate

The debate surrounding open-source AI continues to evolve. While major players like OpenAI and Google keep their AI systems closed to minimize the risk of misuse, the rise of open-source AI models presents potential risks. Maintaining a balance between open AI collaboration and responsible governance is crucial. Guidelines and mechanisms must be established to promote ethical AI development and prevent misuse.

Enhance Your AI IQ with Unite.ai

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Editor’s Notes

Open-source AI has the potential to revolutionize the software ecosystem by increasing accessibility and accelerating innovation. However, it also comes with challenges such as regulatory concerns and the potential for quality degradation. It is crucial for the technology community to collaborate and establish guidelines to ensure ethical AI development and prevent misuse. Open-source AI has already had a significant impact on the AI landscape, and its future holds great promise. For the latest news and updates on AI, visit GPT News Room.

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Valley Times-News Explores Local Colleges’ Perspectives on ChatGPT and Other Bots, and Their Potential Benefits for Students

Local Colleges Embrace AI Technology in Education

In recent years, artificial intelligence (AI) has become more prominent in various aspects of our lives, including academia. Local colleges are discussing the use of chatbots like ChatGPT and how they can benefit students. AI technology has already made a significant impact on education, with features like autocorrection, predictive text, and even generating essays. However, the use of AI in assignments raises concerns for instructors, who must determine whether a student’s work was influenced by a bot.

Stephen Waers, the chief academic officer and chief information officer for Point University, acknowledges that AI has become an integral part of technology platforms. While preventing students from using AI may seem challenging, Waers believes it is more beneficial to embrace it and incorporate it into instruction. Rather than spending time punishing students for plagiarism, instructors can focus on utilizing AI as a tool for better learning outcomes.

Taylor Bowman, an English professor at Point University, has caught students using AI when their responses veered off-topic or lacked a proper understanding of the assignment. AI chatbots like ChatGPT use language models and statistical analysis to predict the most probable set of words as a response. However, instructors can introduce unpredictable elements into their assignments to counteract the predictable nature of AI’s responses.

LaGrange College has taken a proactive approach by integrating AI technology into its curriculum. Dr. Justin Thurman, the director of the Writing Center and professor of English, addresses AI use in his first-year writing classes and has policies in place to regulate its use. Thurman believes that incorporating AI into education prepares students for the realities of the labor force they will enter after graduation.

Educators also recognize the limitations of AI chatbots. ChatGPT, for instance, only has data up to September 2021 and cannot search the web in real-time. Additionally, it is impartial and does not engage in discussions on politically charged topics or predict future events. Despite these limitations, many professors, including Bowman and Thurman, prefer using instances of academic dishonesty as teachable moments.

To make the most of AI technology, Point University hosted a faculty meeting to discuss its integration into academics. By utilizing AI-enhanced programs, educators can track student activity and identify when academic intervention is necessary. This allows them to offload repetitive tasks and dedicate more time to essential aspects of instruction that require human intervention.

Looking ahead, AI has the potential to serve as a learning aid and partner for students. Thurman envisions AI assisting students in generating prompts and acting as a resource rather than a replacement. In writing classes, students have already used ChatGPT for exercises such as character name generation, plotting, and compiling scene lists. These activities require students to engage critically with the AI’s suggestions and enhance their work through editing and tweaking.

While AI technology offers numerous possibilities in education, discussions on ethics, copyright, and labor implications need to take place. However, ultimately, the responsibility of learning falls on the students themselves. Bowman emphasizes the importance of humanities and critical thinking in education and the need for students to actively engage with ideas and concepts.

In conclusion, local colleges are embracing AI technology in education. Despite concerns about plagiarism, instructors are finding ways to incorporate AI into their teaching methods for better learning outcomes. AI chatbots like ChatGPT can assist students and provide valuable resources, but the responsibility of learning still lies with the individuals. As AI continues to evolve, educators must navigate its integration ethically and encourage students to develop a deeper understanding of the subjects they study.

Editor’s Notes

The use of AI technology in education presents both opportunities and challenges. While it can enhance learning and provide valuable resources, it is essential to consider ethical implications and ensure that students actively engage with the material. As colleges and universities integrate AI into their curriculum, discussions on the impact of these technologies on education should take place. By addressing these issues, educators can foster a positive learning environment that prepares students for the future workforce.

For more news and updates on AI technology and its application in various fields, visit GPT News Room. Stay informed and explore the possibilities of AI in education and beyond.

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White House Science Adviser Arati Prabhakar Emphasizes the Need for Strengthening Safeguards against Artificial Intelligence Risks in Q&A Session

The Science Advisor Shaping US AI Strategy

President Joe Biden relies on the expertise of Arati Prabhakar, director of the White House Office of Science and Technology Policy, for guidance on artificial intelligence (AI) matters. Prabhakar collaborates with major American tech companies like Amazon, Google, Microsoft, and Meta to steer the US approach to safeguarding AI technology.

The Multi-Talented Expert

Arati Prabhakar, an Indian-born engineer and applied physicist who grew up in Texas, approaches AI from a unique perspective. With experience in both government, including leading the Defense Department’s advanced technology research arm, and the private sector as a former Silicon Valley executive and venture capitalist, she brings a diverse range of expertise to the table.

In a recent interview with The Associated Press, Prabhakar discussed her interactions with President Biden and her insights into AI’s potential and challenges.

Laser-Focused Conversations

Prabhakar revealed that President Biden seeks her advice on AI frequently. Their conversations delve deep into understanding AI, its applications, and its implications. Prabhakar described these interactions as valuable and action-oriented, revealing the president’s commitment to harnessing the potential of AI while considering its consequences.

The Quest for Explainability

Senate Majority Leader Chuck Schumer has prioritized making AI models explainable and transparent. When asked about the feasibility of this goal, Prabhakar acknowledged the opaque nature of deep-learning, machine-learning systems. However, she highlighted that many risks we face in life are also unexplainable. Prabhakar drew a parallel between AI and pharmaceuticals, emphasizing the journey towards harnessing the value of AI’s benefits while ensuring safety and effectiveness.

Concerns and Risks

Prabhakar expressed concerns about specific AI applications. For instance, she highlighted the potential for chatbots manipulated to provide instructions on building weapons. Additionally, she discussed the risk of bias in AI systems trained on human data, which has led to wrongful arrests of Black individuals due to flawed facial recognition technology. Prabhakar also raised privacy concerns, underscoring the ability to piece together individual data to glean substantial insights.

Voluntary Commitments and Collaborative Efforts

Prabhakar acknowledged the voluntary AI safety standards agreed upon by several major companies, including Google, Microsoft, and OpenAI. While appreciating these commitments, she emphasized the need for both the government and companies to assume responsibility and show further progress. Collaboration between government entities and the private sector is crucial to ensure enforceable accountability and a comprehensive approach to AI safety.

Urgent Action Required

Regarding future actions, including a planned executive order from President Biden, Prabhakar stressed the urgency. While she didn’t provide a specific timeline, she affirmed that the president’s commitment to addressing AI’s challenges is unwavering.

Overall, Arati Prabhakar’s expertise and collaborative efforts aim to shape US AI strategy, ensuring the responsible development and deployment of AI technologies.

FILE – Text from the ChatGPT page of the OpenAI website is shown in this photo, in New York, Feb. 2, 2023. Anthropic, ChatGPT-maker OpenAI and other major developers of AI systems known as large language models say they’re hard at work to make them more truthful. (AP Photo/Richard Drew, File)
FILE – The OpenAI logo is seen on a mobile phone in front of a computer screen which displays output from ChatGPT, Tuesday, March 21, 2023, in Boston. White House officials concerned about AI chatbots’ potential for societal harm and the Silicon Valley powerhouses rushing them to market are heavily invested in a three-day competition ending Sunday, Aug. 13, at the DefCon hacker convention in Las Vegas. Some 3,500 competitors have tapped on laptops seeking to expose vulnerabilities in eight leading large-language models representative of technologys next big thing. (AP Photo/Michael Dwyer)
FILE – President Joe Biden speaks during a news conference on the sidelines of the G20 summit meeting, Monday, Nov. 14, 2022, in Bali, Indonesia. The White House announced Tuesday, Aug. 22, 2023, that President Joe Biden will attend next month’s Group of 20 summit in New Delhi, India. (AP Photo/Alex Brandon, File)

Editor Notes: Promoting Responsible AI Adoption

Arati Prabhakar’s role as the science advisor to President Biden highlights the importance of responsible AI adoption in the United States. As AI technology continues to advance, it is crucial to strike a balance between innovation and ensuring the safety, fairness, and transparency of AI systems. Collaborative efforts between government entities, industry leaders, and experts like Prabhakar are essential for shaping effective regulations and fostering an AI ecosystem that benefits society as a whole.

For the latest news and insights on AI and technology, visit GPT News Room.

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