Welcome to Daily Zaps, your regularly-scheduled dose of AI news ⚡️ 

Here’s what we got for ya today:

• 🇺🇸 White House issues guidance on purchasing AI tools

• 🤝 Accenture to train 30,000 employees on Nvidia AI

• 🤑 OpenAI gets $10 billion

• 👮 AI is being used to write police reports

Let’s get right into it!

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GOVERNMENT

White House issues guidance on purchasing AI tools

The Office of Management and Budget (OMB) released memorandum M-24-18 to guide Federal agencies in the responsible acquisition of artificial intelligence (AI). This directive builds on previous guidance (M-24-10) and aligns with the Biden-Harris Administration’s priorities of AI safety, security, and innovation. As a major buyer in the economy, the government’s procurement decisions, especially in AI, hold significant influence.

M-24-18 emphasizes managing AI risks, promoting a competitive AI marketplace, and fostering collaboration across agencies. It introduces best practices for addressing privacy, safety, and rights concerns, ensuring vendors meet risk management and performance standards. The memo also encourages diverse and innovative procurement strategies, transparency, and cross-functional teamwork.

BIG TECH

Accenture to train 30,000 employees on Nvidia AI

Accenture has announced a major partnership with Nvidia, forming a new Nvidia Business Group and committing to train 30,000 employees on Nvidia’s AI technologies. This collaboration aims to drive enterprise adoption of "agentic AI systems," which involve AI agents working alongside humans to optimize complex workflows without human prompts.

Accenture will leverage Nvidia's AI Foundry, AI Enterprise, and Omniverse platforms through its AI Refinery platform to help businesses reimagine operations and scale AI solutions. The initiative also includes new AI engineering hubs in global locations and is part of Accenture’s strategy to lead in generative AI, following $3 billion in new AI bookings in its fiscal year 2024.

STARTUPS

OpenAI gets $10 billion

OpenAI has secured a $4 billion revolving line of credit, increasing its total liquidity to over $10 billion, following a recent funding round that valued the company at $157 billion. Major financial institutions such as JPMorgan, Citi, and Goldman Sachs participated in the credit line, which can expand by an additional $2 billion over three years. This liquidity allows OpenAI to invest in research, infrastructure, and talent as it scales.

Despite rapid growth and a 1,700% revenue increase since early 2023, OpenAI anticipates a $5 billion loss this year due to high costs associated with purchasing Nvidia GPUs for AI training. OpenAI also faces internal challenges, including key executive departures and discussions about restructuring the company’s for-profit and nonprofit segments.

LAW ENFORCEMENT

AI is being used to write police reports

AI-powered software called Draft One, developed by Axon, to assist in writing police reports. This tool generates drafts based on body camera audio transcripts, aiming to improve efficiency and objectivity in report writing. While officers like Wendy Venegas find the tool helpful for overcoming writer's block and speeding up the process, concerns remain about AI’s role in shaping critical documents within the criminal justice system.

Experts warn that errors or biases introduced by AI could affect decisions made by prosecutors, judges, and defense teams. Although Axon claims Draft One reduces biased language and increases officer accountability, some worry that officers might shift blame onto AI if inaccuracies arise. Departments like East Palo Alto require officers to carefully review and approve AI-generated reports to maintain accuracy and accountability.