AI Daily: TikTok parent ByteDance working on AI smart glasses

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

AI SMART GLASSES: TikTok parent ByteDance is developing AI smart glasses, The Information’s Juro Osawa reports. Publicly traded companies in the social media space include Meta Platforms (META), Alphabet (GOOGL), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).

SAFETY TESTING TIME: Microsoft (MSFT)-backed OpenAI has cut the time and resources it spends on testing the safety of its AI models, Cristina Criddle of The Financial Times reports. This move has raised concerns that the technology is being rushed out without the proper safeguards. The company’s tests have become less thorough, with insufficient time and resources dedicated to identifying and mitigating risks, as OpenAI comes under more pressure to retain its competitive edges, eight people familiar with the process told the Times.

META AI RESEARCH: Some Meta insiders fear the company’s AI research lab FAIR is “dying a slow death” as Joelle Pineau, head of AI research, announced her departure, Fortune’s Sharon Goldman reports. Yann LeCun, chief scientist of Meta AI, says it’s “a new beginning” focused on “Advanced Machine Intelligence.”