EU AI LAW
With concerns about misinformation spreading online, European Union officials want to more closely regulate artificial intelligence, and they're asking the world's biggest tech companies for help. In mid-May, the EU passed a law that would regulate how companies create and train their artificial intelligence tools, but those laws won't go into effect for years. In the meantime, officials are asking companies like Apple, Google, Meta, and Microsoft to immediately begin labeling all AI-generated content, and for services that already incorporate AI, like Google's Bard, to safeguard against "malicious actors" who could attempt to spread harmful or false information.
MICROSOFT OUTAGES
Thousands of users on Monday reported not being able to access their emails through Microsoft Outlook on both the web and Outlook app. Other Microsoft 365 services, such as Teams, SharePoint, and One Drive, were also affected. By mid-afternoon on the East Coast, Microsoft confirmed on its customer service Twitter account that the issue should be resolved. The company did not explain what was behind the outage.
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Jack Hartung, Chipotle's chief financial officer, talked to Cheddar about the restaurant chain's investment in autonomous vehicle maker, Nuro, and the future of burrito deliveries.
Jay Livingston, Shake Shack's chief marketing officer, said Uber's experience in the delivery space made the exclusive partnership an easy decision.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
AeroFarms ($ARFM), a leading vertical farming company, announced Friday morning that it plans to go public via a merger agreement with a special purpose acquisition vehicle.
