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This news item is part of the weekly top 5 news bulletin (from Week 3, Jun 2023) specially packaged for leaders of Nonprofits, Churches, and Faith-based Social Ventures. 

[AI News] OpenAI Lowers Cost; AI in Google Ads; Proposed US Law on AI 

In our weekly roundup of AI news, we have three interesting news items. First, from OpenAI, which has reduced its pricing, and it’s also released new versions of GPT3.5-Turbo and GPT4. Looks like OpenAI is being mindful of the competition and the crowded AI space. The second news is from Google, which released two advertising products powered by AI. One is called Demand Gen, and the other is video view campaigns. Both of them will use AI to power campaigns. The Demand Gen campaign is definitely interesting and you might want to check it out. The third news is about a proposed bill in the US Senate that could potentially make social networks liable for distribution of AI generated content. This bill is being introduced by Republican Senator Josh Holly, and Democrat Senator Richard Blumenthal. We will link to all the details in the show notes. Check it out.

Here is the full list of the Top 5 News Items from Week 3, Jun 2023 with source links from OpenAI, McKinsey, Meta, Twitter, Pinterest.

🗞️ News 1: McKinsey Reports AI Could Add $4.4 Trillion to Global Economy Annually   

Source: McKinsey

🗞️ News 2: Meta Releases New Tools for Creators Including Reels Editor & ProMode   

Source: Meta

🗞️ News 3: Twitter’s New CEO Tweets About Her Vision For The Platform & The Future  

Source: Twitter

🗞️ News 4: Pinterest Launches Travel Catalogs & Expands Premiere Spotlight Ads      

Source: Pinterest

🗞️ News 5: [AI News] OpenAI Lowers Cost; AI in Google Ads; Proposed US Law on AI 

Source: OpenAI, Google, US Senate

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