Midjourney Launches Midjourney V5 and Midjourney Magazine

⚡ Today’s Highlights

• 📰 News: Midjourney announces V5 + Midjourney Magazine and Stripe collabs with OpenAI

• 💰 Funding: Monitaur, HealthPlix, Perspectum, Protai, and Nexoya

• 🦾 Tools: Use AI to automate customer support and make centralized knowledge banks for your company

• 📅 Events: Microsoft’s “Reinventing Productivity with AI” and Data Innovation Summit ANZ are both today! The European Chatbot & Conversational AI Summit and the International Conference on Human-Robot Interaction end today.

📰 Today's Top Stories

Midjourney launches Midjourney V5 + Midjourney Magazine

(1 min read) (Source: Midjourney Twitter)

TLDR: The release of Midjourney V5 promises significant improvements, including higher image quality, wider stylistic range, better image prompting, and improved accuracy and detail in images. The new version will also feature faster generation times, a zoom-out button to view generated images in their entirety, and support for other aspect ratios.

Additionally, Midjourney V5 will offer a higher image resolution of up to 1024 x 1024, with plans to eventually produce images of 2048 x 2048 size. Exciting updates on transparency and 3D features are also in the works, but the team is focusing on simpler improvements for now.

Midjourney has also announced the launch of its monthly magazine, which will contain interviews, AI art, and prompts to inspire creativity. The magazine is priced at $4 per month.

Stripe and OpenAI collaborate to monetize OpenAI’s flagship products and enhance Stripe with GPT-4

(5 min read) (Source: Stripe)

TLDR: OpenAI has chosen to partner with Stripe to commercialize its generative AI technologies, including ChatGPT, DALL·E, and GPT-4, using Stripe's suite of products.

• Stripe Billing and Stripe Checkout power ChatGPT Plus and provide a flexible, pay-as-you-go option to purchase DALL·E credits.

• Link allows OpenAI users to pay 40% faster on average by autofilling saved payment details, while Stripe Tax supports OpenAI to meet its tax compliance obligations as it expands into global markets.

• Revenue Recognition helps OpenAI accurately close its books each month by managing disputes, refunds, and finances at scale.

Leading generative AI companies such as OpenAI, Runway, Diagram, and Moonbeam have turned to Stripe to quickly bring their products to market, ensure scalability with compliance, and reach a wider user base globally. Stripe has been using AI for some time to enhance its products and services, leveraging it to manage fraud and increase conversion rates.

Stripe took advantage of the GPT-4 beta program in January 2023 to streamline its operations and improve its documentation. As a result, Stripe Docs is now powered by GPT technology, enabling developers to ask natural language queries and receive condensed answers, freeing up more time to focus on building.

Stripe also recently signed agreements for a Series I fundraising round, raising over $6.5 billion at a $50 billion valuation. The primary investors include existing Stripe shareholders such as Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital, as well as new investors such as GIC, Goldman Sachs Asset and Wealth Management, and Temasek. The funds will be used to provide liquidity to current and former employees and address employee withholding tax obligations. To be clear, Stripe does not require the capital to run its business.

U.S. Copyright Office says some AI-assisted works may be copyrighted 

(3 min read) (Source: Reuters)

TLDR: The U.S. Copyright Office released new guidelines to specify when AI-assisted works can be copyrighted. The office clarified that copyright protection depends on whether AI tools generate results through “mechanical reproduction” via prompts or reflect the author's “mental conception”. The decision builds upon the office's previous ruling on Midjourney's generative AI system, which stated that the images it produced were not eligible for copyright protection. The Copyright Office stated that the eligibility would depend on how the AI tool operates and how it was used to create the final work.

The Copyright Office's decision reiterates that the human creativity involved in creating the final work determines whether copyright protection applies. The guidelines also suggest that popular AI systems are unlikely to create copyrightable work. The Copyright Office's ruling has significant implications for the use of AI-generated works in commercial and artistic fields, as it provides clarity on when such works can receive copyright protection.

PwC Partners with Harvey, 4,000 Legal Professionals Getting Chatbot to Speed up Their Work

(5 min read) (Source: PwC)

TLDR: PricewaterhouseCoopers has partnered with AI startup Harvey, providing 4,000 legal professionals access to the chatbot. The 12-month initiative is aimed at enabling Harvey to provide support in due diligence and contract analysis, and won't be used to provide legal advice or replace lawyers. Harvey's generative AI technology uses natural language processing, machine learning and data analytics to automate and enhance various aspects of legal work. PwC also plans to use Harvey to develop its own proprietary models for its use and its Legal Business Solutions clients.

💰 Funding Alerts

1. Monitaur, a Boston-based AI governance software company, has raised $4.6 million in funding to accelerate growth, with Cultivation Capital (John True, general partner) leading the round and participation from Rockmont Partners, Presidio Ventures, Plug and Play, and Studio VC. Monitaur's Machine Learning Assurance Platform helps enterprises and their partners build and deploy responsible AI and machine learning models that business leaders, regulators, and consumers can trust. The funds will be used to expand operations and business reach.

2. Indian startup HealthPlix has raised $22 million in a Series C funding round led by Avataar Venture Partners and SIG Venture Capital, with participation from existing investors including Lightspeed Venture Partners, JSW Ventures, Kalaari Capital, Blacksoil Capital, and Chiratae Ventures. The platform uses AI to help doctors with prescriptions, diagnoses, and identification of critical elements in a patient's treatment. Funding will be used to expand its reach in India and enable more doctors to use its AI-powered platform for digital patient data recording.

3. Precision health company Perspectum has raised an additional $19 million in the second close of its $55 million Series C funding round led by Oppenheimer & Co. The UK-based company develops AI-powered medical imaging tools to improve the diagnosis of metabolic diseases and cancer. Perspectum plans to expand its US presence and scale up its platform-based product portfolio for clinical research and clinical use.

4. Israeli startup Protai has raised an additional $12 million in funding, bringing its total Seed round to $20 million. The investment comes from existing investors Grove Ventures and Pitango HealthTech, as well as Copenhagen-based Maj Invest Equity Fund, and will be used to scale the organization's drug development work. The company has developed a proteomics and AI-powered platform that maps the course of a disease on a protein level, enabling better prediction of patient responses to drugs and the discovery of novel drug targets.

5. Nexoya, a Swiss-German marketing analytics start-up, has raised $5m in Series A funding led by Blacksheep MadTech Fund. The company will use the funding to expand into new markets like Italy and the UK, and grow its team. Its AI-based marketing analytics tool integrates digital advertising channels and decides in real time how to allocate budgets for maximum impact.

🦾 Trending Tools

• AI Chat from User.com automates customer service and support, providing accurate responses to inquiries and questions to improve customer satisfaction. Using natural language processing and deep learning algorithms, the chat understands messages and responds with relevant answers based on business knowledge. Users can customize chat personality and style, and integrate the service with various platforms. A 14-day free trial is available.

• Collato is a centralized platform designed to provide product teams with instant access to information. Using a state-of-the-art AI model for its knowledge map feature, users can organize and connect their artifacts and documents, while the in-house semantic search engine provides fast, reliable, and scalable results. For a limited time, Collato is offering a 90-day free trial.

• Warmest is an AI email assistant that drafts emails in the background, writing with the user's tone and content. Upon connecting, Warmest indexes and reads the user's inbox to pull the contents of past emails to prepare drafts for repeated workflows. It is ideal for B2B sales, recruiting, and customer support. Warmest ensures privacy by storing only vector representations of emails and passing Google's third-party security review.

• Tonkean ProcurementWorks streamlines procurement lifecycle management, automates tail-spend, and guides strategic spending. Using OpenAI's GPT language model, it triages and classifies unstructured inbound requests, identifies purchase categories, analyzes vendor websites, and suggests alternatives. The solution enables procurement teams to transform procurement processes, increase visibility into spend insights, reduce unnecessary spending, and work with existing tech stacks and tools.

• Backed by Y-Combinator, Soon automates crypto investing and reimburses daily spending with crypto gains. The service uses OpenAI and personal spending activity to automate selling and personalizes the investment process. Its curated portfolio consists of lower-correlation cryptos, offering a balanced investment approach. Soon also includes a Tax Stash feature to set aside gains for capital gains and perform tax loss harvesting.

👀 More Reading

• $250K prize for anyone who can use AI to decipher these 2000-year-old scrolls from Pompeii (Vesuvius Challenge)

• Bar exam score shows AI can keep up with 'human lawyers,' researchers say (Reuters)

• How to rebuild the internet (Politico)

• Bosses Are Catching Job Applicants Using ChatGPT for a Boost (The Wall Street Journal)

• Google flexes its health care AI muscle (Axios)

• N.Y. students made deepfake video of a principal making racist threats (The Washington Post)

🌎 Fresh Content

1. In celebration of the launch of Midjourney V5, Nick St. Pierre made an awesome Twitter thread of side-by-side comparisons of prompts generated by V4 and then V5. (Twitter)

Here are some of our original creations from Midjourney V5 so far:

2. Matt Wolfe made a very thorough breakdown of GPT-4’s release (especially how it overshadowed Google’s announcement) and all the crazy things people are already doing with it. (YouTube)

3. A new podcast from Greylock, hosted by Reid Hoffman and Aria Finger, discusses the future “through a decidedly optimistic lens - and what it will take to get there”. GPT-4 will be a co-star in each episode, providing a starting point for each discussion. Former Daily Show host Trevor Noah is the guest in the inaugural episode and discusses the future of TV with AI. (Spotify)

🧠 Resources

Machine learning presents exciting career opportunities in data analysis, as it offers quick insights and predictions from the increasing amount of data sources and processing power. This free course from Udacity covers the complete process of data investigation using machine learning, including feature extraction, identifying useful features, essential algorithms, and evaluating algorithm performance. It's a must-have skill for aspiring data analysts, scientists, and anyone interested in refining data trends and predictions.

 📅 Upcoming Events

1. Don’t miss the 18th Annual ACM/IEEE International Conference on Human Robot Interaction (HRI) (March 13-16, 2023 / Stockholm, Sweden + Virtual). Researchers from across the world present their best work to HRI to exchange ideas about theory, technology, data, and science furthering the state-of-the-art in the field. The conference theme for HRI 2023 is “HRI for all” and will focus on key HRI theories, methods, designs, studies, and technical advances that aim to understand and promote inclusion and diversity in HRI.

2. The 3rd Annual European Chatbot & Conversational AI Summit (March 15-16, 2023 / In-Person at Dynamic Earth, Edinburgh, Scotland + Virtual) is a two days conference and exhibition designed to host industry executives, and adopters of Conversational AI, Chatbots, Virtual assistant, voice technology and Conversation design. The summit will reflect the latest tendencies and recent application changes in the Conversational AI space in the European market.

3. Microsoft will be hosting a virtual event titled "The Future of Work: Reinventing Productivity with AI" (March 16, 2023 / Virtual). The event will be hosted by CEO Satya Nadella and CVP Jared Spataro, and will focus on how AI will revolutionize the way people and organizations work. While Microsoft has not disclosed any specific announcements, it is speculated that the event will primarily focus on Office.

4. Data Innovation Summit ANZ (March 16, 2023 / Crown Conference Centre, Melbourne, Australia) is the largest and the most influential annual Data and AI event represented across several regions, bringing together the most innovative minds, enterprise practitioners, technology providers, start-up innovators and academics, working with Data Science, Big Data, ML, AI, Data Management, Data Engineering, IoT and Analytics, in one place to discuss ways to accelerate AI-driven Transformation throughout companies, industries and public organizations.

 💼 Jobs

• HeadLight: Computer Vision Intern

  • Seattle, WA, USA (Remote encouraged!)

  • $20/hour

• Motional: Principal Machine Learning Engineer

  • Remote, USA

  • $199,000 - $266,500 USD

• Reddit: Staff Software Engineer, ML Platform

  • San Francisco, CA, USA

  • $198,200 - $297,300 USD

• Etsy: Senior Machine Learning Engineer II, Search Retrieval

  • Brooklyn, NY, USA OR Remote

  • $184,000 - $216,000 USD

• Blend360: Data Scientist, Lead (NLP)

  • Columbia, MD, USA OR Remote

  • $100,000 - $145,000 USD

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