AI News Update: SEC Investigates OpenAI Regarding CEO Dismissal

**SEC Investigates OpenAI Following CEO Turmoil**

The U.S. Securities and Exchange Commission (SEC) is conducting an investigation into OpenAI to determine if the company misled its investors during a tumultuous period last year. This turmoil peaked when CEO Sam Altman was abruptly fired and subsequently reinstated within just five days. The Wall Street Journal reported that the SEC is scrutinizing internal communications from Altman during this event. In the wake of Altman’s dismissal on November 17, OpenAI stated that the CEO was “not being consistently candid with the board.” The SEC, which subpoenaed OpenAI last December, is also seeking communications from both current and former officials at the company. This investigation marks the second inquiry following the boardroom crisis, with Britain's competition regulator announcing a separate investigation into Microsoft’s partnership with OpenAI in December.

**Google Gemini Partners with Stack Overflow**

Stack Overflow, the popular platform for coding questions and answers, has announced an exciting collaboration with Google Cloud to introduce AI capabilities to its developer environment. The integration of Google’s Gemini model will assist developers in resolving coding queries more efficiently. In this partnership, Stack Overflow is set to provide Google Cloud with its extensive reservoir of technical knowledge, enhancing the variety and depth of support available to users. Google Cloud CEO Thomas Kurian emphasized the significance of this partnership, stating, “This partnership brings our enterprise AI platform together with the most in-depth and popular developer knowledge platform available today."

**Vimeo Central: A New AI-Driven Video Hub**

Vimeo has launched Vimeo Central, a revolutionary AI-driven platform designed to enhance communication among business users through video. This new hub offers unique features allowing users to distill lengthy meetings into concise highlight reels and generate text-based summaries, bolstering team collaboration. Vimeo Central also integrates seamlessly with popular tools such as Zoom, Webex, Google Drive, Dropbox, and Box, enabling users to easily upload and embed videos, streamlining workflows in diverse business environments.

**AI21 Introduces Conversation Summarization Model**

AI startup AI21 has unveiled a groundbreaking model named Summarize Conversation, specifically engineered to provide insights from various forms of conversational data, including transcripts, meeting notes, and chat logs. According to AI21, this task-specific model is designed to save organizations valuable time and enhance efficiency. It has the potential to revolutionize customer service support by summarizing calls or distilling insights from lengthy earnings reports. Ori Goshen, co-CEO and co-founder of AI21, stated, "By providing grounded responses and concise summaries based on an organization’s own data, we are empowering teams to make better and more informed decisions, without the need for extensive training or prompt engineering." This new model is part of AI21’s suite of Task-Specific Models, which also includes Contextual Answers, allowing businesses to enhance their applications with robust information query functionalities.

**Norton Rose Fulbright Launches AI Practice in the U.S.**

The law firm Norton Rose Fulbright has established a dedicated AI practice in the United States. This new team will focus on a range of issues related to artificial intelligence, including regulatory advice, data protection, and intellectual property rights. Chuck Hollis, a partner at the firm's Atlanta office, has been appointed as the head of AI practice in the U.S. This move underscores the firm’s commitment to navigating the complexities and legal challenges posed by the rapidly evolving AI landscape.