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OWITH.ai - Only What's Important to Hear around AI and Tech

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Fisker, a troubled EV maker, has discounted its top-end model by 39%, but the company may not survive much longer. The New York Stock Exchange suspended trading in Fisker's stock after failed talks with a major automaker, potentially pushing the company into bankruptcy. Despite these challenges, companies that cannot adapt may face a similar fate to Fisker's potential downfall. The broader EV market is also facing challenges, with Tesla reducing Chinese production and BYD slashing prices to compete with rivals. However, the long-term outlook for EVs is positive as the world transitions away from fossil fuels. The Biden administration has laid out a timeline for phasing out gas-powered vehicles in the U.S. by 2032. Other news includes Facebook's use of its Onavo VPN service to spy on competitors, Apple's upcoming AI-focused WWDC event, and TikTok's enforcement of rules on Chinese e-commerce firms in its U.S. shop.Sanctions and aggressive law enforcement efforts are reducing illicit funding in the crypto world, with a recent report showing a decrease in illicit fund volumes. The Department of Justice indicted KuCoin for allegedly processing $9 billion in suspicious transactions, while a blockchain-based game called Munchery experienced a hack that resulted in $63 million being stolen before being recovered. While law enforcement agencies are making progress in combating illicit financing in the crypto industry, challenges remain, such as the prevalence of Tether and the rise of drug sales on Tron. Efforts to address illicit financing are showing some success, with a noticeable decrease in illicit fund volumes reported last year.Former Google executives Andy Conrad and Andy Harrison have reunited at the venture capital firm S32, with Conrad leaving Alphabet's life sciences organization Verily to return to his entrepreneurial roots. S32's portfolio already includes several AI-focused companies, and they believe that with the right tools and expertise, AI can have a significant impact on the world. The increasing role of AI in the world will still require human input, with the right combination of expertise, humility, and technical know-how. In other news, Lindsay Lobue is set to become the COO of Carlyle Group in July, making her the fifth woman in Harvey Schwartz's C-suite. Chris Finn is retiring as CFO after 28 years at Carlyle.The impact of artificial intelligence on the music industry is significant, focusing on AI-generated music like the song "Heart on My Sleeve" mimicking Drake and The Weeknd. AI technology is seen as shaping the future of music by offering new ways to create and distribute content. AI advancements like vocal impersonation, stem separation, loop libraries, and background music generation are discussed as ways AI is transforming music production. Despite concerns about copyright infringement, AI is expected to revolutionize the music industry by enhancing creative processes and changing how music is generated and consumed. Musicians are adaptable and will continue creating music despite technological advancements.Thank you for listening to OWITH.ai: the podcast that keeps you updated on important news in AI and tech world!

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