Axios

Artificial intelligence allows professionals to work smarter and faster, which poses a serious threat to businesses that make money by billing for time.

Why it matters: Currently, most public relations agencies, consulting firms and other professional services like law and accounting generate revenue based on how much time they put in, not what they deliver.

There are still many unknowns when it comes to usage rights and data privacy protections associated with generative AI tools.

Why it matters: Users could be held liable for what AI spits out.

OpenAI remains the leader in generative AI, but its rivals have narrowed the gap and may be a better option for certain uses, a new AI assessment tool has found. The open-source testing platform released Thursday by startup Arthur aims to help businesses figure out which large language model is best suited to their needs.

Why it matters: Given the types of results produced by generative AI — and the fact that answers can differ over time — it is often hard to quantify or even decide which generative system is best for a particular task. Arthur's tool appears among the first to make such recommendations

Family members of victims and survivors of the 2022 mass shooting in Buffalo, New York, announced Wednesday that they have filed two lawsuits against YouTube, Reddit and several gun-related companies.

State of play: Authorities said the mass shooting at Tops supermarket in a predominantly Black neighborhood was a racially motivated hate crime and a state report found the shooter was "radicalized" online — both points the lawsuits note, as they accuse the defendants of helping enable the white gunman to kill 10 Black people.

Former President Trump will get to keep control of his social media company, even if he sells most of his shares after it goes public.

Driving the news: Digital World Acquisition Corp., the blank check company merging with Truth Social's parent, recently disclosed the creation of a new class of high-vote stock of which Trump will be the only holder.

The book market is beginning to show cracks under new pressures from generative AI as the technology cuts a swath across creative industries.

What's happening: AI-generated pseudo-books are spamming Amazon and other online bookstores, sometimes borrowing real authors' names to squat on their virtual real estate. Meanwhile, the use of books in the training of AI firms' large language models remains hotly contested, as authors seek to prevent unauthorized, uncompensated use of their work.