AI leaders attend Trump-Xi state dinner as one CEO dismisses need for industry-wide coordination
America's top AI and tech leaders attended President Donald Trump's White House state dinner Thursday for Chinese President Xi Jinping. The glitzy, black-tie affair came as Meta CEO Mark Zuckerberg dismissed the need for AI labs to work together to prevent the emerging technology from going rogue.
New York City set to regulate AI companies, with one proposed bill mandating a 'kill switch'
The New York City Council is readying legislation to rein in the artificial intelligence industry as AI companies continue to grow their presence in the city.
One bill will ban businesses from selling or deploying AI systems in the city unless an independent inspector certified they met city standards for data quality, bias, privacy and security, Fortune reported Friday morning.
That bill will also require AI labs to engineer a "kill switch," i.e. a human override to shut down a model or agent in the event it goes rogue.
Failing to comply with these regulations will lead to $25,000 fines per violation, City Council Speaker Julie Menin told Fortune in an interview. Since the penalties would be assessed for each AI agent involved, the total fines could be substantial.
Another piece of legislation will reward whistleblowers with a portion of the fines collected from AI firms who break the law, Fortune reported.
The new regulations are expected to be introduced on Friday ahead of an Oct. 5 Committee of the Whole hearing with all 51 council members in attendance.
China's DeepSeek hits $1B annualized revenue run rate: Report
Chinese AI startup DeepSeek has hit an annualized revenue run rate of $1 billion, more than double what it was a few months ago, The Information reported.
An annualized revenue run rate estimates how much money a company would make in a year if it continued earning at its current pace.
DeepSeek stunned Silicon Valley last year when its AI models proved competitive with leading offerings from OpenAI and Anthropic, despite being developed with far fewer resources.
Reuters reported earlier this month that DeepSeek is planning to go public domestically to fund its expansion.
Mark Zuckerberg casts doubt on AI 'doom' rhetoric, says firms don't need to collaborate on safety
Meta CEO Mark Zuckerberg said Wednesday that companies developing advanced artificial intelligence models do not need to work together to prevent the catastrophic outcomes that many industry leaders have warned about.
In an interview with former Wall Street Journal columnist Joanna Stern, Zuckerberg also cast doubt on the mores alarmist members of the AI sector, some of whom have said human extinction is possibility if AI improves without guardrails in place.
"I think that there's a lot of rhetoric that is filled with doom, and my view on this is that there are a number of labs that are working on building advanced AI, and I don't think that we need some kind of industry-wide coordination to not necessarily mess this up," he said on Stern's show "New Things."
"I think that just each lab needs to take the time, and when it sees that there are issues, you just take the time that you need internally to make sure that you're proceeding safely," Zuckerberg added.
Meta launched its personal AI assistant, Muse, on Sept. 8 in the United States. It's available on major app stores and has been integrated into Meta's Ray Ban audio glasses.
Elon Musk predicts nearly all computing will move to space as Google tests AI plan
Elon Musk is making a sky-high prediction for artificial intelligence. The SpaceX CEO says computing will eventually move almost entirely off Earth.
“The amount of compute in space will obviously round up to 100% of all compute,” Musk wrote on X in response to a video about Google’s Project Suncatcher.
The project explores whether solar-powered satellites carrying Google’s AI chips could work together as an orbital data center. In the video Musk responded to, researchers describe satellites flying in tight formation and linking their chips to handle larger computing tasks.
The idea is still in the testing stage. Google has said it plans to launch two prototype satellites with partner Planet by early 2027 to test the hardware in orbit. The X post sharing the video claimed Google would launch chips on a SpaceX Falcon 9 next week, but Google’s published plan does not confirm that timeline. Google says the satellites could tap into near-constant sunlight to power AI chips. Its first planned test involves just two prototypes, leaving a long way to go before Musk’s vision of moving nearly all computing into orbit could become reality.
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