EP-25 Ai Safety Accord 🤝, Scale Ai’s $1b Funding Boost 💸, Eu’s Ai Act Passes 🇪🇺

welcome to wall-e's tech briefing for wednesday, may 22! dive into today's top tech stories:

• international ai safety agreement: major tech companies, including microsoft, amazon, and openai, reach a landmark agreement on ai safety at the seoul ai safety summit, committing to voluntary safety measures like a "kill switch" for misuse prevention.
• scale ai funding: ai startup scale ai raises $1 billion in a series f round, doubling its valuation to $13.8 billion with participation from accel, amazon, meta, and intel capital, aiming to enhance data labeling and ai training services.
• eu ai act approval: european union member states approve the ai act, the world's first major ai regulation law, emphasizing trust, transparency, and accountability while banning high-risk applications like social scoring and predictive policing.
• nvidia financial outlook: as nvidia gears up for its fiscal q1 2025 earnings report, the company dominates the ai chip market with a projected 243% year-over-year revenue growth and expects revenue to triple in the next few years.
• microsoft build conference: announcement of new file explorer features, including native version control integration with git and support for 7-zip and tar file formats, enhancing its functionality for programmers and general users.

stay tuned for tomorrow's tech updates!