The AI risks, cited by these firms, include issues around law, regulations, cybersecurity, competition, and ethics, and those in media and entertainment are the most fearful, with 91% concerned about AI.

Netflix thinks that competitors deploying AI will affect its "ability to compete effectively," and Disney believes how it creates entertainment will be severely impacted as "rules governing new technology remain unsettled.”

86% of software and technology companies, two-thirds of telecommunications companies, and over half of Fortune 500 healthcare, banking, retail, consumer, and aerospace companies see AI as harmful.

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It’s reassured users that it will not use AI in its products, user activity on the app will not be tracked, and it will not use artists' work to train and implement AI tools (unlike others…ahem.. Adobe).

In a video, posted to X (formerly Twitter), Procreate CEO—James Cuda—boldly stated “I really f****** hate generative AI…I don’t like what’s happening in the industry, and I don’t like what it’s doing to artists.”

Apart from the odd comment about Procreate’s decision being “shortsighted”, the majority of Artists have praised Procreate’s bold stance, with many saying they’re “incredibly happy” and will ”enjoy using it more.”

Worldcoin (founded by OpenAI’s CEO, Sam Altman) which aims to scan the irises of every human in the world to distinguish them from robots for crypto payments, is under scrutiny from worldwide governments.

It’s already been banned in Hong Kong, blocked in Spain, fined in Argentina, criminally investigated in Kenya, and is being questioned as to whether it can continue to operate in the EU.

Government concerns include how Worldcoin handles user data, trains its algorithms, and avoids scanning children, although Worldcoin insists its tech is private and that iris codes contain no personal information.

AI chipmaker—AMD—is acquiring AI infrastructure company, ZT Systems, for $4.9B, to boost its position as an “ecosystem” partner for companies building AI businesses and compete more aggressively with rival, NVIDIA.

AMD plans to sell ZT Systems data center infrastructure manufacturing to “strategic partners,” and said the acquisition will give it deeper expertise in AI systems design and will help it sell more of its chips.

As AI systems grow more complex, a big priority for big tech companies is to increase the efficiency of their systems for tasks like AI model training, so this marks a major step in AMD’s long-term AI strategy.