OpenAI Introduces ChatGPT and Whisper APIs

03-02-2023

March 02, 2023

⚡ Today’s Highlights

  • 📰 News: OpenAI introduces ChatGPT and Whisper APIs

  • 💰 Funding: Quantifind, SESAMm, Equisoft, Hexa, InsightFinder, and Qwak

  • 🦾 Tools: Legal assistants, intelligently summarized voice notes, and VS code editors

  • 📅 Events: All Things IIOT Day and Subsurface LIVE 2023 are TODAY!

📰 Today's Top Stories

(5 min read) (Source: OpenAI)

TLDR: OpenAI has launched an API allowing third-party developers to integrate its ChatGPT AI-powered chat interface into their apps and services. OpenAI says that the API can be used for more than chat interfaces and offers 1,000 tokens for $0.002, which is 10x cheaper than its existing GPT-3.5 models.

OpenAI is also making Whisper, its AI-powered speech-to-text model, available for use through an API (it’s open source so you can run it yourself as well) and says that it is significantly cheaper than using its existing language models.

They are introducing policy changes to increase data privacy such as switching from an opt-out to an opt-in model. A lot of companies have already started integrating OpenAI’s technology into their businesses including Snap Inc., Instacart, Shopify, and Quizlet.

(15 min read) (Source: YouTube Blog)

TLDR: YouTube’s new lead Neal Mohan believes that leveraging the potential of AI will spearhead the platform's growth across Shorts, subscriptions, and streaming. The company sees AI as a crucial tool for empowering creators to enhance their storytelling and boost production value.

Despite the creative potential of AI, the platform must exercise responsible stewardship, especially given the challenging economic climate and geopolitical landscape. The adoption of AI on YouTube comes at a critical moment in the industry's evolution, with creators, viewers, and advertisers having more options than ever before. As such, the platform must deliver a range of formats while also investing in policies that ensure the protection of all stakeholders from harm.

(10 min read) (Source: CNBC)

TLDR: Sapeon, a South Korean startup creating AI chips for data centers, is set to raise funds in a round that would value the company at over $400 million. The company aims to compete with Nvidia, the current leader in the market of AI semiconductors, with its own product line to support the large amounts of data processing required for the growing AI applications market.

The startup plans to release a 7-nanometer AI chip this year, manufactured by the world's largest contract chipmaker, TSMC, which would bring it up to speed with existing technology. Sapeon’s CEO hopes to use the funds raised to support the development and launch of their new AI chip and further establish the company in the industry.

💰 Funding Alerts

  1. Quantifind has raised $23 million in funding to expand its AI-powered financial crimes risk management solutions. The funding round was led by DNS Capital, with participation from Citi Ventures, US Venture Partners, Valor Equity Partners, and S&P Global. The company plans to expand its global footprint, enhance its solutions for financial crimes investigation, and grow brand recognition.

  2. SESAMm is a company that uses big data and natural language processing to provide governance, sentiment, and thematic analytics by analyzing over 20 billion articles and messages for private equity firms, investment managers, and corporates globally. They have raised €35 million (USD 37 million) in a Series B2 funding round led by Elaia (Pauline Roux, Partner at Elaia) and Opera Tech Ventures with aims to expand into U.S. and Asian markets and hire talent for sustainability, technology, sales, and marketing.

  3. Equisoft, a global digital solutions provider to the financial industry, has received $125 million in equity investment, with $70 million from Investissement Québec and the government of Québec, and the rest from long-time investment partners EDC and Fondaction. The funding will be used to expand globally and focus on digital transformation using AI and machine learning to offer data-driven predictions, reduce human error, and reduce manual, repetitive processes.

  4. Hexa, a 3D asset visualization and management platform, has raised $20.5 million in a Series A round from Point72 Ventures, Samurai Incubate, Sarona Partners, and HTC. Hexa uses AI and 2D images to create digital twins of physical objects such as furniture and fashion, which can be used in websites, social media, and AR applications. The company plans to use the funds to expand its operations.

  5. InsightFinder, an IT incident prediction and prevention technology company, has raised $10 million in Series A funding led by Silicon Valley Future Capital (Dr. Miao Hong, General Partner), with participation from several other investment firms. InsightFinder's patented technology uses unsupervised stream learning and pattern-driven auto-remediation to predict and prevent outages in complex distributed IT architectures. The company plans to use the funding to expand its team and enhance its technology to support its growing customer base.

  6. Qwak, an MLOps platform that offers a fully managed platform combining machine learning engineering and data management tools, has raised $12 million in Series A1 funding from Bessemer Venture Partners. The company plans to use the funding to grow and expand its platform, which currently offers a feature store, model registry, tools for deploying models and monitoring them in production, as well as a data pipeline orchestrator, in a pay-as-you-go model that streamlines the entire machine learning pipeline.

🦾 Trending Tools

  • Casetext has launched CoCounsel, the first AI legal assistant, which utilizes a customized large language model from OpenAI to perform legal tasks such as research, document review, deposition preparation, and contract analysis. This groundbreaking technology allows lawyers to delegate substantive work to an AI assistant, freeing up time to focus on more impactful aspects of their practice. Check out the live demo on MSNBC.

  • VoiceLine is an AI-powered app that allows users to summarize voice notes and thoughts into concise bullet point notes. It is available within any mobile application through a keyboard extension, allowing users to easily record their thoughts while on the move.

  • Rubberduck is an AI chat application that can generate, edit, explain code, find bugs, and diagnose errors within the Visual Studio Code sidebar. The application is open source and customizable with the ability to add your own conversation templates using an OpenAI API key.

  • Dashworks is an AI search assistant that can be added to Slack channels to provide precise answers to questions from various work applications such as wikis and chats. It can proactively respond with relevant information and respects document permissions in connected data sources, ensuring that users only get responses using documents they can access.

🌎 Fresh Content

1. An engineering student named Priyanjali Gupta created an AI model that translates American Sign language (ASL) into English. (Twitter)

3. Matt Wolfe goes through some of the ways to render ultra-realistic images using Midjourney. (YoutTube)

We used some of the tips from the video to imagine what Jimi Hendrix might have looked like at 60 years old. (OC created using Midjourney)

4. Old but Gold 🪙: MIT Tech Review published this podcast in June of last year but it raises many relevant points about the integration of AI into education. Who watches the AI that watches the students? (MIT Technology Review)

Who watches AI watching students?

Listen to this episode from In Machines We Trust on Spotify. A boy wrote about his suicide attempt. He didn’t realize his school's software was watching. While schools commonly use AI to sift through students' digital lives and flag keywords that may be considered concerning, critics ask at what cost to privacy. We Meet: Jeff Patterson, CEO of Gaggle Mark Keierleber, investigative reporter at The 74 Teeth Logsdon-Wallace, student Elizabeth Laird, director of Equity in Civic Technology at Center for Democracy & Technology Sounds From: "Your Heart is a Muscle the Size of Your Fist" from the band Ramshackle Glory's 2011 album Live the Dream. "Spying or protecting students? CBS46 Investigates school surveillance software" from CBS46 in Atlanta, GA on February 14, 2022. "Student Surveillance Software: Schools know what your child is doing online. Do you?" from WSPA7 News in Greenville, SC on May 5, 2021. "Spying or protecting students? CBS46 Investigates school surveillance software" from News 5 in Cleveland, OH on February 5, 2020. Credits: This episode was produced by Anthony Green and Emma Cillekens with reporting from Mark Keierleber. It was edited by Jennifer Strong and Michael Reilly, and mixed by Garret Lang with original music from Jacob Gorski. Art by Stephanie Arnett. https://www.theguardian.com/education/2021/oct/12/school-surveillance-dragnet-suicide-attempt-healing https://www.the74million.org/contributor/mark-keierleber/ You can support our journalism by going to http://www.techreview.com/subscribe.

https://open.spotify.com/episode/5fmTThWuzFOLzpEJvQrfrg?si=27ZWonFjREWsGInYf4faKw

👀 More Reading

🧠 Resources

  • A collection of experiments by Google exploring the potential use of machine learning in aiding writers with creative inspiration, overcoming writer's block, and enhancing their writing process.

 📅 Upcoming Events

  1. Join industry leaders at Subsurface LIVE 2023 (TODAY March 1-2, 2023 / San Fransico, New York, London) as we explore the latest open-source innovations in the open data lakehouse ecosystem and share real-world use cases. Hear firsthand from technology leaders at companies such as Apple, Uber, Bloomberg, AWS, and Microsoft about their experiences architecting and building modern cloud data lakes. Learn how to innovate with open-source technologies such as Apache Arrow, Apache Iceberg, Nessie, Delta Lake, Airflow, Dagster, Apache Superset, Apache Druid, Apache Ranger, and more.

  2. All Things IIoT Day (TODAY March 2nd, 2023 / Virtual) is an event that will bring together experts from around the world to share insights on IIoT technologies applied to manufacturing, smart cities/buildings/infrastructure, energy, and ICS cybersecurity. Over 115 subject matter experts will share insights with 21,000+ expected attendees on digital transformation journeys, focusing on trends, challenges, best practices, case studies, and creating compelling business models for transitioning to IIoT technologies. The content is targeted to CxOs, executives, and technology-oriented executives.

  3. “The data dividend” series (March 7, 2023 / Washington, DC, USA), programmed by Economist Impact and supported by IBM, brings together leaders in government and industry to discuss how to establish the strategy, culture and skills needed to foster a data-driven enterprise and cultivate new ways of thinking and working. In 2023, we break new ground as we tour cities around the world and discuss how organizations can realize their data dreams.

  4. ElevateIT: Phoenix Technology Summit 2023 (March 7, 2023 / Pheonix, AZ, USA) is a technology summit where regional C-Suite executives, industry experts, and law enforcement will discuss how to optimize and secure businesses for profitability and growth. Topics include maintaining market base during disruptive times, capitalizing on disruption for competitive advantage, and maintaining digital trust while creating value. Process automation, data protection, and cybersecurity are top strategic components for governance and innovation, and digital cybersecurity is crucial for accuracy and speed.

  5. Presenting the second edition of Convergence Conference (March 7-8, 2023 / Virtual), explore the new frontiers of machine learning including novel applications, tools and processes! This free two-day virtual event features 25+ talks, panels and workshops by leading data scientists who share cutting-edge ML techniques to solve complex problems in the real world.

 💼 Jobs

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