California Governor Gavin Newsom vetoed a bill aimed at regulating large AI models before their release to the public. He criticized the legislation for applying strict standards to basic functions and not focusing enough on potential risks from the technology. The governor encouraged lawmakers to revise it for the next session. Tech giants like OpenAI, Google, Meta, and Microsoft opposed the bill, claiming it could stifle innovation. Verizon mobile users in major cities experienced a significant outage, leaving an estimated 100,000 customers without service. The company restored services but hasn't disclosed the cause of the issue. Mira Murati, one of the most prominent female executives in the AI industry and CTO of OpenAI, announced her resignation without sharing her future plans. Her departure follows a turbulent year at the startup. China is pushing domestic companies to use locally produced AI chips instead of Nvidia's products, aiming to boost Chinese chipmakers' market share and provide flexibility against potential U.S. restrictions. ByteDance plans to develop an AI model with Huawei Technologies. A survey by PwC found that top-performing companies are more likely to implement generative AI and responsible AI practices, driving their cloud tech budgets significantly higher than inflation rates.

News Roundup: AI Regulation, Verizon Outage, OpenAI CTO Steps Down

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