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The companies building generative AI tools are treading a narrow bridge between describing the risks of their technology and avoiding government regulations that would hurt their business. The path got a little harder this week when news quality rating organization NewsGuard reported that Open AI’s ChatGPT-4 and Google Bard are generating as many false narratives today as they were when NewsGuard checked in March and April.

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In a clear win for the AI industry, the California Public Utilities Commission granted Waymo and Cruise permission to charge for self-driving taxis in San Francisco with virtually no restrictions. Previous conditions had largely required paid rides to have a safety driver present, although empty and unpaid driverless vehicles have become common in the city. Local residents are not universally pleased.

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The wild success of retail media networks has spawned a need for tools to manage them effectively. IPG Mediabrands’ media agency network UM has introduced jauntily-named Shoptimizer, a budgeting and optimization tool for the purpose. The key feature is a dashboard comparing performance of different retail networks and offering AI-powered budget allocation recommendations.

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Wunderman Thompson reports that 45% of global consumers are interested in shopping after they are dead. Puts a whole new spin on “richest person in the graveyard.” Less surprising but still interesting: 32% of online spending in on mobile devices and 19% of everything ordered online is returned. There’s lots of regional detail here if you want it.

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The clueless boss is a favorite meme in many circles, though probably not among bosses. This IBM survey offers some support, finding that 69% of CEOs believe generative AI will offer broad benefits to their organization but just 29% of their supporting executives feel their company has the expertise to make it work. Two-thirds of CEOs are acting without a clear view of how to help their workforce adjust the AI-created disruptions.

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When Adobe announced planed to buy digital design platform Figma, the anti-trust issues were obvious to everyone except maybe Adobe. The U.S. and UK regulators announced investigations almost immediately. Now the European Commission has said it’s opening an investigation as well.

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Singapore-based D3 Labs has partnered with the Indonesian Blockchain Association to support the first phase of digital rupiah development as part of Project Garuda, which was initiated by Bank Indonesia, the country’s central bank.

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Philippine Airlines has entered Web3 with exclusive collection of Limited Digital Collectibles. Offered in partnership with Philippine Blockchain Week, the country’s premiere blockchain event, the collection pays tribute to PAL history while showcasing the airline’s dedication to embracing the future.

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The leading e-commerce corporation in Latin America, MercadoLibre, has reached 5 million customers in its insurance branch, and it did so in less than four years thanks to solid investments in technology to position itself in the insurtech sector. While Latin American countries are currently significantly below their competitors in North America, Europe, and Asia regarding their gross insurance premiums, the region is expected to experience more growth in insurance premiums between 2022 and 2023 than other geographical areas, except for China.

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Albo, the neobank in Mexico, has confirmed the purchase of the fintech company delt.ai, specializing in financial services for small and medium-sized enterprises (SMEs), for $20 million. With this strategic acquisition, albo strengthened its position in the Mexican financial sector, becoming the only neobank to offer debit and credit products for consumers and SMEs. Delt.ai, a firm with experience in Mexico, has conducted over 130,000 transactions, granting over USD $90 million in loans and credit lines.

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South African growth-stage investor Knife Capital has reached the final close of its $50 million fund. The third fund addresses a critical funding gap in growth stages where local investors have historically fallen short.

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Cairo-based startup Grinta, a fintech-enabled B2B tech platform digitising the pharmaceutical supply chain, has acquired Alexandria-based online pharmacy Auto-Cure to expand its footprint in the country. Founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed, Grinta is a managed marketplace that modernises the pharmaceutical supply chain by empowering independent pharmacies.

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