The AI Industry ramps up from summer vacation with major news from OpenAI, Anthropic, Microsoft, and many more
Sept 8, 2023
Made with Midjourney and Canva.
The AI industry is officially back from summer vacation. With tons of news and 15+ funding announcements, this week was absolutely packed.
Let’s dive right in!
⚡️ Quick News Hits
Anthropic launches a paid pro plan for its chatbot at $20/month
OpenAI announces it’s first Developer Conference in SF on Nov. 6
Morgan Stanley to launch AI chatbot to attract wealthy clients
Tencent releases AI model for businesses
Governor Newsom signs executive order to prep California for AI
Qualcomm ramps up focus on AI chips to compete with NVIDIA
Google announces political adverts must disclose use of AI
Pentagon planning a vast AI fleet to counter China threat
📰 Top Stories This Week
(4 min read) (Source: The Verge)
TLDR: Microsoft will cover legal damages for customers using its AI products if they face copyright infringement claims due to AI-generated content, provided they use built-in safeguards to reduce such risks.
This move comes in response to concerns about generative AI's potential to create content without proper attribution to original authors.
Microsoft is heavily investing in generative AI, incorporating it into various products, including cloud services and enterprise software, building on its partnership with OpenAI.
The Copilot Copyright Commitment extends Microsoft's intellectual property indemnification to cover copyright claims related to the use of AI-powered assistants like Copilots and Bing Chat Enterprise.
Big Picture: Microsoft's decision to assume legal risks for AI-generated content underscores the growing importance of AI in the tech industry. It also highlights the need for legal safeguards in the evolving landscape of AI-generated content to balance innovation and copyright protection.
(7 min read) (Source: The Information)
TLDR: Internal conflicts over the allocation of computing resources between Meta's LLM development teams, OPT and Llama, resulted in significant tension and the departure of researchers, impacting project progress.
Despite these resource allocation challenges and staff movement, Meta remains committed to AI research and development, highlighting the competitive dynamics in the AI sector and the ever-evolving landscape of large-language models in the tech industry.
(6 min read) (Source: The Information)
TLDR: Apple has significantly increased its investment in AI and machine learning, focusing on conversational AI and "Foundational Models" for large language models.
Despite Apple's AI chief John Giannandrea's skepticism about AI chatbots, the company has a team working on conversational AI, which has been experimenting with an internal chatbot called "Ajax”.
Apple is spending millions of dollars daily on training its language models, similar to OpenAI's substantial expenditure on GPT-4 development.
Apple is aiming to enhance its voice assistant, Siri, to automate multi-step tasks, potentially integrating it into iOS 18, and is also working on AI for generating videos, images, and multimodal AI applications. However, its Ajax chatbot is reportedly less powerful than newer OpenAI models.
👀 Interesting Reads
Analysis and Critiques
💰 Funding News
Inceptive, founded by former Google AI expert Jakob Uszkoreit, specializes in drug development using cutting-edge AI tech to design unique mRNA molecules. They raised $100M from Nvidia and Andreessen Horowitz, with participation from new investors like Obvious Ventures.
Mujin, a robotics firm specializing in Machine Intelligence for industrial and collaborative robots in logistics and pick-and-place applications, raised a $85M Series C led by Japan's SBI Investment Co.
Story Protocol, which is developing an open system using blockchain and AI to extend and manage intellectual property online, raised over $54M, led by a16z crypto (a part of Andreessen Horowitz), with additional contributions from Endeavor and Samsung Ventures.
Mentra, a startup focusing on "neuroinclusive employment" uses AI algorithms to help large enterprises hire individuals with cognitive differences like autism, ADHD, OCD, and PTSD, raised a $3.5M Seed Round led Shine Capital, with participation from Hydrazine Capital (headed by OpenAI co-founder Sam Altman)
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!
How'd you like today's email?
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!