Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Verkada, a physical security tech startup, recently raised $200 million in Series E funding, valuing the company at $4.5 billion. The company's cloud-enabled cameras are popular among large enterprise customers for their ease-of-use. Verkada is focused on creating a unified operating system for security operations linked to the cloud and has expanded its product range to include alarms, workplace management solutions, sensors, and intercoms. The company prioritizes privacy concerns by educating users about camera usage and emphasizing accountability. Verkada's success highlights its potential within the physical security tech industry.Moving on to OpenAI, the organization is considering changes to its board structure to fend off a hostile takeover bid from Elon Musk. The company may grant special voting rights to its nonprofit board to retain control and deter investors like Microsoft. In response, Musk's lawyer criticized the restructuring as self-dealing. Intel's Altera is reportedly in talks for a potential acquisition by private equity firm Silver Lake, as Intel faces potential disintegration. Meanwhile, former OpenAI CTO Mira Murati's startup, Thinking Machines Lab, has announced its leadership team and mission to make AI systems more widely understood and customizable.Shifting gears, the text discusses how billionaire entrepreneur Naveen Jain raised his children to be successful in business by exposing them to entrepreneurship from a young age. His son, Ankur, went on to found successful companies and become a billionaire himself. Naveen believes in setting an example for children to follow. Updates on market trends, analyst notes, and news from Fortune are included in this segment.Author Gary Marcus shares his experience testing Grok 3 beta, an AI system advertised by Elon Musk as the "smartest AI on earth." Despite initial success in answering a question, Marcus found numerous errors and inconsistencies in the AI's responses during his experimentation. He highlights issues with image recognition, text interpretation, and data accuracy. Marcus warns of the limitations and potential inaccuracies in AI systems like Grok 3 beta and urges caution when interpreting their output.Lastly, AI safety has been overshadowed by AI security concerns, as hackers warn that AI systems are vulnerable to attacks with potential risks like cyberattacks and misinformation spread through deepfake videos. Current security practices are deemed inadequate, with a need for more collaboration among security organizations to address vulnerabilities in AI models. OpenAI CEO Sam Altman hints at an upcoming open-source AI project and discusses plans for GPT-5. Concerns about cognitive decline in AI models in medical applications are also addressed based on recent research suggesting potential accuracy issues in AI-driven healthcare.That's all for today's episode of OWITH.ai - bringing you the latest updates in the world of AI and technology.

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