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Tech News Roundup: Surveillance Laws, De-Extinction Efforts, and ESG Commitments

Tech News Roundup: Surveillance Laws, De-Extinction Efforts, and ESG Commitments

Released Friday, 12th April 2024
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Tech News Roundup: Surveillance Laws, De-Extinction Efforts, and ESG Commitments

Tech News Roundup: Surveillance Laws, De-Extinction Efforts, and ESG Commitments

Tech News Roundup: Surveillance Laws, De-Extinction Efforts, and ESG Commitments

Tech News Roundup: Surveillance Laws, De-Extinction Efforts, and ESG Commitments

Friday, 12th April 2024
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Section 702 of the U.S. foreign intelligence surveillance act, which allows intelligence agencies to demand data from big tech companies without a warrant, is at risk of expiring. The reauthorization efforts have faced challenges, with House Speaker Mike Johnson failing to get it reauthorized. Former President Donald Trump's influence and a controversial bill choice by Johnson have hindered the reauthorization process. Critics argue that the chosen bill would weaken oversight of surveillance programs. Despite court approval for data handovers, the potential expiration of Section 702 could impact surveillance practices in the future. The debate over reauthorization and the implications for Americans' privacy rights continue to be contentious issues. The decision to reauthorize Section 702 has significant implications for surveillance practices and privacy protections in the U.S..Colossal Biosciences is a company focused on de-extinction efforts, raising over $225 million for projects such as bringing back the woolly mammoth. Their business model includes consumer education, technology spin-offs, and conservation initiatives to drive revenue and make an impact. The company has received support from various stakeholders in the venture capital and private equity sectors. In addition to Colossal Biosciences, other companies in the venture capital space that have received significant funding include COBOT, FloQast, Auradine, Novidea, Yoshi Mobility, Proxima Fusion, Udio, Mode, GTM Buddy, PVML, PeerDB, and Veremark. In the private equity space, BearCom and Behrman Capital have made acquisitions in the security solutions and dental products industries. Furthermore, Ehouse Studio acquired Commerce12, Osceola Capital recapitalized Trauma Services, and Resa Power acquired Avatt and Mountain States Transformer Service. Lone View Capital raised $850 million for its first fund focused on software, information services, and tech-enabled businesses.In the U.S., many corporate leaders are backing away from commitments to ESG topics like climate, diversity, and social issues to avoid being labeled as "woke" CEOs. However, the best companies focus on leading a great company where people are the most important asset, engaging and inspiring employees for business success. Fortune recently held a webinar featuring CEOs from Hilton, Edward Jones, and Delta, all of which were included in Fortune's 100 Best Companies to Work For list. These CEOs emphasized the importance of trust, communication, fairness, teamwork, and finding meaning in work to create exceptional workplace environments. In other news, South Korea's conservative party was rejected in legislative elections, Simon & Schuster celebrated its 100th anniversary with new investments, and McKinsey announced layoffs primarily in non-consulting departments. Business leaders are advised to focus on building trust, empowering employees, and creating purposeful work environments for long-term success.The text discusses the use of autonomous coding agents, particularly large language models (LLMs), in AI design patterns. Planning is highlighted as crucial for agents to autonomously complete tasks by breaking them down into subtasks and making dynamic decisions. Examples of LLMs adapting and succeeding unexpectedly are shared, emphasizing their potential for complex task execution. Tools like Devika, Opendevin, and Swe-agent automate software programming using LLMs. Generative AI is also discussed for brainstorming, content generation, and other tasks like code optimization and email editing. ChatGPT is popular for various purposes, with over 100 million users in November 2023.

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