Meta introduces a multimodal AI model that’s one step closer to a universal translator

⚡ Today’s Highlights

• 📰 News: Meta introduces a multimodal AI model that’s one step closer to a universal translator + Microsoft is bringing AI to Paint and Photos

• 💰 Funding: Clockworks Analytics, Sizzle AI, Aircon Air Freight Inc., and Synthpop

• 🦾 Tools: Make building products a breeze with this AI-powered copilot!

📰 Today's Top Stories

Introducing SeamlessM4T, a Multimodal AI Model for Speech and Text Translations

(4 min read) (Source: Meta)

TLDR: Meta has launched the AI-powered translation engine "Seamless M4T" which facilitates language translation in text and speech for up to 100 languages.

• The engine enables direct translation from spoken words to another language without converting to text first, making it versatile.

• Released under a Creative Commons license, Seamless M4T supports various translation modes, including text-to-text, speech-to-text, text-to-speech, and speech-to-speech.

• Notably, the engine doesn't rely on intermediate models, allowing it to be more flexible and capable of handling language mixing.

• Google has also been active in language translation innovation, as seen in its AudioPaLM project.

The Big Picture: This technology has significant implications for breaking language barriers in a globally connected world, enhancing cross-cultural communication, and enabling businesses to engage with broader audiences.

GPT-3.5 Turbo fine-tuning and API updates

(4 min read) (Source: OpenAI)

TLDR: OpenAI has introduced custom data fine-tuning for GPT-3.5 Turbo, allowing users to enhance the model's performance and customize its behavior for specific tasks.

• Fine-tuning enables improved adherence to instructions, consistent formatting, and fitting the model's tone to a brand's voice, potentially matching or surpassing GPT-4's capabilities for specific tasks.

• Fine-tuning also offers the advantage of shorter text prompts, speeding up API calls and reducing costs.

Microsoft may bring AI capabilities to apps like Paint and Photos on Windows 11

(4 min read) (Source: Windows Central)

TLDR: Microsoft is also exploring AI integration in Windows 11 apps like Photos, Snipping Tool, and Paint. AI capabilities include object and people identification, OCR technology for text recognition in screenshots, and generative AI for creating canvases.

• AI functionalities in these apps aim to enhance user experience and productivity by leveraging object recognition, text identification, and generative creation.

👀 More Reading

1. Why we should all be rooting for boring AI (MIT Technology Review)

2. Newsrooms grapple with rules for AI (Axios)

3. How Musk, Thiel, Zuckerberg, and Andreessen—Four Billionaire Techno-Oligarchs—Are Creating an Alternate, Autocratic Reality (Vanity Fair)

4. How will generative AI affect children? The need for answers has never been more urgent (World Economic Forum)

5. This AI-generated crypto invoice scam almost got me, and I'm a security pro (ZDNET)

6. How this VC evaluates generative AI startups (TechCrunch)

💰 Funding Alerts

1. Clockworks Analytics, a leading provider of SaaS building analytics, raised $16.1 million.

• It utilizes AI-driven fault detection and diagnostics (FDD) to help building teams identify energy, comfort, and equipment issues in their buildings.

• Round led by Carom Growth Partners (Matt Tara, Managing Partner) with participation from existing investor SE Ventures (Amit Chaturvedy, Global Head & Managing Partner).

• Funding will support Clockworks' product development, sales, marketing efforts, and international expansion.

2. Sizzle AI, creators of Sizzle, an interactive app that uses AI to guide learners through problem-solving steps, raised $7.5 million in seed funding.

• Round led by Owl Ventures with participation from 8VC.

• Funding will fuel Sizzle AI's expansion efforts, enabling the app to reach more learners and include additional languages and features for enhanced learning and comprehension.

3. Aircon Air Freight Inc., an AI-powered gateway-as-a-service platform for the air cargo industry, raised $3.3 million in seed funding.

• It optimizes air freight shipments using AI to maximize space, reduce costs, and enable small forwarders to compete with larger companies.

• Round led by Underscore Ventures LLC with participation from Plug and Play Tech Center LP and Schematic Ventures LLC.

• Funding will be used to deepen partnerships, expand its global gateway network, and enhance its artificial intelligence technology infrastructure.

4. Synthpop, a company that launched a connected system of AI assistants for healthcare workflow automation, raised a $2.6 million seed investment.

• These AI assistants perform tasks such as data entry, real-time patient chart connections, denial responses, and more.

• Investors include Zelda Ventures, OVO Fund, Page One Ventures, and more.

• Funding will support Synthpop's mission to optimize healthcare workflows, making the system faster, more efficient, and patient-centric using AI-driven solutions.

🦾 Trending Tools

1. Kraftful is your product-building Copilot powered by AI. Harness user feedback from multiple sources, prioritize improvements, and enhance products with ChatGPT insights.

• Features: Analyzes user feedback, generates JIRA tickets, integrates ChatGPT insights.

• Best for: Product builders seeking streamlined feedback analysis, efficient improvement prioritization, and enhanced product development.

2. Vzy AI builds websites 10x faster using AI. Create professional sites in minutes, customized with images, SEO content, forms, and more.

• Features: Instant website generation, easy editing, built-in hosting, SSL, SEO, CRM, and analytics.

• Best for: Businesses needing quick, hassle-free website creation without coding.

3. SayData provides AI-powered customer-facing analytics for B2B SaaS. Embed in your app/web product to offer self-serve data analysis in plain English.

• Features: Search-based analytics, intuitive data visualizations, AI-driven self-service, embedded dashboards.

• Best for: B2B SaaS companies aiming to enhance customer experiences with efficient self-serve analytics.

4. Langfuse revolutionizes LLM app observability. Analyze complex logs & traces and optimize costs & latency with intuitive dashboards.

• Features: Log tracing via SDKs/API/Langchain, visual debugging, scoring, dashboards for cost, latency, quality.

• Best for: Developers striving for efficient LLM app production.

That's all for today's email! If you want more please follow us at the social channels linked below, or check out our website!

Share our newsletter: If you like our work please share/forward this email with your friends, colleagues, and family. It's the best way to support us!

If this email was forwarded to you please sign up here to continue receiving them.

Want your content, product, jobs, or event featured in our newsletter? Reply to this email with the details, and our team will reach out to you.

Do you use AI for work? Tell us how, and you could be featured in our newsletter!

Check out our website for more resources, including a list of AI investors, products, events, and twitter follows.

For an archive of all our posts, click here.

We'd love to hear from you! You can always leave us comments or feedback by replying to this email!

Powered by AI. Curated and edited by Humans.