Barry Diller: Trust in Sam Altman Is 'Irrelevant' as AGI Nears INTRO: Media mogul Barry Diller defended OpenAI CEO Sam Altman at WSJ's Future of Everything conference, saying trust is irrelevant when it comes to AGI development. The real concern, he warns, is the unknown consequences of AI advancement. KEY HIGHLIGHTS: - Barry Diller vouched for Sam Altman as sincere and trustworthy - Warned that AGI development has reached a point of no return - Emphasized the need for guardrails before AGI becomes autonomous - Stated that even AI creators don't fully understand what they're building - Called AGI "the great unknown" that will change almost everything WHAT HAPPENED: At The Wall Street Journal's "Future of Everything" conference, billionaire media mogul Barry Diller addressed concerns about Sam Altman's leadership at OpenAI. Despite recent reporting questioning Altman's trustworthiness, Diller said he believes the OpenAI CEO is "a decent person with good values." However, Diller shifted the conversation beyond individual trust, arguing that the rapid advancement of AI has reached a critical juncture where traditional notions of trust no longer apply. He revealed that even those creating AI systems experience "a sense of wonder" at what the technology can do, suggesting that developers themselves don't fully control or understand the implications of their creations. WHY IT MATTERS: Diller's comments highlight a growing tension in the AI industry: as artificial intelligence approaches human-level capabilities, the focus is shifting from who controls AI to whether anyone can control it at all. His warning about guardrails is particularly significant given his position as chairman of IAC and Expedia Group, and his history in media and technology. The fact that a seasoned tech executive is calling for regulatory frameworks suggests that industry self-governance may no longer be sufficient. For developers, investors, and users of AI systems, this signals that the window for establishing meaningful oversight is closing rapidly. WHAT'S NEXT: Diller's call for guardrails is likely to intensify debates around AI regulation, particularly as AGI development accelerates. Expect increased pressure on AI companies to demonstrate safety measures and transparency. Policymakers may use comments like Diller's to justify stricter oversight of AI development. The tech industry should prepare for potential regulatory frameworks that could impact how AI systems are built, tested, and deployed. Meanwhile, the race to AGI continues, with companies balancing innovation speed against safety concerns. SOURCE: https://techcrunch.com/2026/05/06/barry-diller-trusts-sam-altman-but-trust-is-irrelevant-as-agi-nears-he-says/
UK's Araya Sie Fund Closes $7.5 Million to Back Women Founders in AI
and Deep Tech
INTRO: The UK-based Araya Sie Fund announced a £7.5 million
(approximately $9.5 million) first close to back female-founded
startups across AI, deeptech, fintech, healthcare, and related
sectors. The fund addresses the significant gender gap in venture
funding, where female founders receive less than 2% of all VC capital
despite outperforming male-founded companies on key metrics.
KEY HIGHLIGHTS:
- Araya Sie Fund secured £7.5 million first close
- Focus on women founders in AI and deeptech sectors
- Also investing in fintech, healthcare, and adjacent areas
- Addresses gender funding gap in venture capital
- First close allows initial investments while fundraising continues
WHAT HAPPENED: The Araya Sie Fund revealed its first close of £7.5
million as part of efforts to increase capital allocation to
female-founded technology companies. The fund specifically targets AI
and deepte...
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