One-Minute Daily AI News 10/15/2023

1. New York-based tech firms and investors see the advent of AI as the latest opportunity to try to unseat the Bay Area as tech’s global capital.[1]
2. Microsoft announced a new “bug bounty” program, vowing to reward security researchers between $2,000 and $15,000 if they’re able to find “vulnerabilities” in its Bing AI products, including “jailbreak” prompts that make it produce responses that go against the guardrails that are supposed to bar it from being bigoted or otherwise problematic.[2]
3. OpenAI is preparing to launch a suite of updates to make it more cost-effective and efficient for developers to create software applications with AI models.[3]
4. TCS Seeks to Use Microsoft AI Partnership to Improve Margins.[4]

Sources:

[1] https://www.axios.com/2023/10/12/new-york-ai-world-capital

[2] https://futurism.com/the-byte/microsoft-bing-ai-bug-bounty

[3] https://www.techedt.com/openai-aims-to-attract-developers-with-cost-effective-updates-insiders-reveal

[4] https://www.bloomberg.com/news/articles/2023-10-15/tcs-seeks-to-use-microsoft-ai-partnership-to-improve-margins#xj4y7vzkg