In today's ExchangeWire news digest: tech experts appeal for a hiatus on AI development; Meta mull barring political advertising on their platforms in Europe; and Tencent bring a paid subscription option to WeChat.
Experts call for pause in AI’s development
A group of over 1000 tech executives and AI researchers, including Elon Musk and Steve Wozniak, have called for a pause in the ‘breakneck’ development of AI, according to WSJ. While it seems unlike the tech industry to take a breath, the letter has implored developers of powerful AI tools to hold fire for six months while safety standards are agreed.
“Pause Giant AI Experiments: An Open Letter”, coordinated by the nonprofit Future of Life Institute, isn’t a call for the industry to halt, rather hold development on systems more powerful that GPT-4.
Meta to ban political ads in Europe?
Amid concerns that Facebook and Instagram will be unable to comply with forthcoming EU regulations that target online campaigning, Meta is considering a ban on political advertising in Europe.
The Financial Times reports that discussions are continuing, and that the situation will become clearer once the EU has settled on its definition of a political ad for the new regulations that are set to come into force in 2024.
Tencent brings paid subscription to WeChat Channels
As the tech world continues to find ways to neutralise TikTok, Tencent Holdings is planning to launch a paid subscription service on WeChat. The move will allow content creators to charge users for watching certain videos, as well as choose to accept ads in the comment section of their WeChat Channels account.
According to SCMP, the move comes with Tencent seeking to boost the amount of quality content on WeChat in a bid to compete with ByteDance’s Douyin and Kuaishou.
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Fact of the Day
68 days – the time between the launch of ChatGPT and Google announcing the launch of Bard.