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Microsoft market cap hits almost $2.6 trillion thanks to AI

June 16, 2023

June 16, 2023

Made with Midjourney. Prompt: Satya Nadella ringing the stock exchange bell --ar 3:2 --v 5.1

⚡ Today’s Highlights

  • 📰 News: Microsoft market cap hits almost $2.6 trillion thanks to AI

  • 💰 Funding: Blackbird.AI, Trust Labs, Deepchecks, and Humanly.io

  • 🦾 Tools: Streamline your research and simplify daily planning with AI

📰 Today's Top Stories

(5 min read) (Source: CNBC)

TLDR: Microsoft's stock rose 3.2% to a record high of $348.10, driven by AI optimism leading to the company's market capitalization reaching a staggering $2.59 trillion, making it one of the world's most valuable companies.

  • Microsoft's investment in OpenAI and its AI chatbot ChatGPT has positioned the company for success, with analysts raising their price target to $350 and predicting a $10 billion annual recurring revenue from AI services.

  • Microsoft's remarkable 46% rally this year showcases its resilience and ability to outperform expectations, reclaiming its position in the technology sector and demonstrating the company's enduring strength in the face of market challenges.

(6 min read) (Source: Reuters)

TLDR: Alphabet Inc is cautioning employees about using chatbots, including its own Bard, to avoid potential leaks of confidential information.

  • Google has advised employees not to input sensitive materials into AI chatbots due to the risk of data reproduction and leaks.

  • The cautionary approach reflects Google's desire to protect its business interests, as it competes with ChatGPT from OpenAI and Microsoft Corp in the lucrative AI market. Other companies, including Samsung, Amazon.com, and Deutsche Bank, have also set up safeguards for AI chatbots.

(4 min read) (Source: TechCrunch)

TLDR: Mercedes-Benz and Microsoft are partnering to bring ChatGPT artificial intelligence to more than 900,000 vehicles in the U.S., enhancing the capabilities of the Hey Mercedes voice assistant.

  • ChatGPT is an advanced conversational chabot that excels at natural language understanding and can handle complex queries and multi-turn conversations.

  • This partnership marks the first implementation of ChatGPT in a vehicle and reflects the growing trend of incorporating AI technology in the automotive industry, potentially opening up new possibilities for voice-controlled interactions while driving.

(5 min read) (Source: POLITICO)

TLDR: Senator Mark Warner, chair of the Senate Intelligence Committee, warns that China is ahead in the global race to develop regulations for AI, surpassing both Europe and the United States.

  • China has already implemented specific legislation and self-regulation measures for AI, including rules on deepfakes and proposals to govern generative AI systems like OpenAI's ChatGPT.

  • Warner expresses concerns about China using AI for offensive or deceptive purposes and highlights the need for the US to take national security and economic competition seriously in the AI realm.

  • Warner emphasizes the importance of bipartisan collaboration in the US Congress to craft effective AI legislation and warns that failing to lead in AI development and regulation could result in ceding leadership to other regimes.customize and test interactive prototypes

💰 Funding Alerts

1. Blackbird.AI, a leader in AI-driven Narrative and Risk Intelligence, raised $20 million in a Series B funding round led by Ten Eleven Ventures, with participation from existing investors Dorilton Capital, Generation Ventures, StartFast Ventures, and Trousdale Ventures.

  • Blackbird.AI is helping organizations detect and respond to threats using AI and ML.

  • With the funding, Blackbird.AI intends to accelerate innovation in Generative AI, specifically in identifying and neutralizing malicious propaganda campaigns generated by AI. They also plan to develop a state-of-the-art co-pilot assistant to empower analysts and executives in making informed decisions swiftly. The funds will also be used to scale sales and marketing efforts, enhance their Constellation Platform, expand the recently launched RAV3N Co-Pilot, and grow their ecosystem through the Blackbird Global Alliance Program.

2. Trust Lab, a company focused on internet protection, raised $15 million in a Series A funding round led by U.S. Venture Partners (Dafina Toncheva, Early-Stage Investor) and Foundation Capital (Steve Vassallo, General Partner).

  • Trust Lab aims to transform how companies and public entities safeguard Internet users by detecting and monitoring harmful content and actors using AI-enabled classifiers and rules engines.

  • With the funding, Trust Lab aims to enhance its technology and provide more flexible and cutting-edge tools for enforcement and compliance of harmful content. They intend to help their customers combat Internet abuse at scale and improve the safety of Internet users, especially the most vulnerable ones.

3. Deepchecks, an open source solution for testing ML models and datasets, raised $14 million in a Seed funding round led by Alpha Wave Ventures, with participation from Hetz Ventures and Grove Ventures.

  • Deepchecks platform is built for continuous ML validation

  • With the funding, Deepchecks plans to focus on expanding collaboration and security features within its platform, aiming to provide users with enhanced visibility and confidence throughout the machine learning development, deployment, and production processes.

4. Humanly.io, a conversational AI platform for hiring, raised $12 million in a Series A funding round led by Drive Capital, with participation from Zeal Capital Partners, Spark Growth Ventures, Moneta Ventures, Basecamp Fund, Y Combinator, Liquid 2 Ventures, Tres Monos Capital, and TMD Ventures.

  • Humanly.io revolutionizes high-volume hiring processes by facilitating direct candidate and employee conversations.

  • With the new funding, Humanly.io plans to enhance its conversational AI capabilities, automate candidate qualification, and provide a seamless hiring experience. They will also invest in engineering, expand their go-to-market efforts, and grow their team to drive innovation and further transform the hiring landscape.

🦾 Trending Tools

  • Uizard’s Autodesigner is an AI design tool that transforms simple text prompts into stunning multi-screen mockups. Like having ChatGPT for UI design, easily customize every detail and test interactive prototypes to bring your design ideas to life.

  • BeforeSunset AI simplifies your daily planning by turning your to-dos into the perfect schedule. Sync your calendar and to-do list, let AI optimize your tasks, and analyze your productivity with personal analytics.

  • Hotjar AI for Surveys streamlines the research process by generating survey questions instantly, analyzing open-text responses, and providing summary reports.

  • Cohesive’s AI Voices offers a collection of 20+ human-like voices in 10+ languages for generating high-quality voice overs. From YouTube videos to podcasts, create content with global reach effortlessly.

  • Hippo AI is a Figma plugin that leverages AI to offer an extensive library of vector icons and illustrations. With 22 web-focused styles and the ability to vectorize or edit any image, designers can effortlessly create stunning web assets without the need for prompt engineering.

👀 More Reading:

🌎 Fresh Content

1. In case you missed it, Ticker Symbol: YOU put together a supercut of every AI announcement from AMD’s recent keynote in which they introduced the MI300X datacenter GPU. (YouTube)

2. Terry Gross of NPR’s Fresh Air did a podcast with New York Times reporter Cade Metz to discuss the risks and benefits of AI technology. (NPR)

Flawed chatbot or threat to society? Both? We explore the risks and benefits of AI

www.npr.org/2023/06/15/1182411508/flawed-chatbot-or-threat-to-society-both-we-explore-the-risks-and-benefits-of-ai

🧠 Prompts

Tap into ChatGPT’s wealth of knowledge to create a strategic roadmap for your company's research and development investments. This prompt helps you pinpoint where to allocate resources for innovation, enhancing long-term growth and competitiveness. Engage with ChatGPT by providing details about your business, and receive insights and recommendations that are fortified with rationale and references to guide your investment decisions in R&D.

Crafting an R&D Investment Blueprint

  • Prompt: "Assume the role of an R&D strategist and aid me in devising a roadmap for my company's research and development investments. How can my business optimally distribute resources toward innovation to bolster long-term growth and competitiveness? Start by inquiring about my business, then offer suggestions along with reasoning and references."

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