OpenAI Targets $100B+ Valuation with Microsoft, Apple, and NVIDIA Funding

Today’s Highlights:

📰 News: New details on OpenAI’s secret ‘Strawberry’ model + Anthropic reveals its system prompts for Claude

💰 Funding: OpenAI is looking to raise new funding from Microsoft, Apple, and NVIDIA at $100Bn+ Valuation

⚡️ Top News Stories:

1. OpenAI's upcoming new "Strawberry" model aims to enhance AI accuracy and train their next flagship model, Orion, with a focus on reducing hallucinations.

• OpenAI has developed a new AI model, code-named "Strawberry," known for its ability to solve complex problems without hallucinations, though it's slower and more expensive in inference.

• Strawberry's primary role is to generate high-quality synthetic data for training Orion, OpenAI’s upcoming large language model (LLM), to reduce errors and enhance problem-solving.

• OpenAI is working to distill Strawberry into a smaller version to potentially integrate it into ChatGPT by this fall, aiming to boost the chatbot's accuracy, particularly in reasoning tasks.

• This summer, OpenAI demonstrated Strawberry to U.S. national security officials, showcasing its capabilities in handling complex language and technical tasks.

2. Anthropic has published the system prompts for its Claude models, revealing how the AI is designed to behave, and in an effort to position itself as an ethical and transparent AI company.

• The prompts guide Claude to be intellectually curious, impartial, and avoid actions like facial recognition.

3. Google releases Gems, a significant update to its Gemini AI models that lets you customize Gemini to create your own personal AI experts on any topic you want

4. Google's Gemini AI chatbot is now available on Android for Gmail users, which can help users find details, summarize emails, and filter messages based on specific criteria.

5. California passes its controversial AI safety bill, SB-1047, mandating a "kill switch" for large models, pending Governor Newsom's approval.

6. The U.S. AI Safety Institute will work with OpenAI and Anthropic to test and evaluate new AI models for safety.

7. Oprah Winfrey will host an hour long special, "AI and the Future of Us," airing Sept.12 on ABC/Hulu, featuring interviews with AI leaders like OpenAI's Sam Altman, Bill Gates, and FBI Director Christopher Wray, discussing AI's impact on jobs, science, health, emerging risks of superintelligent AI, and the responsibilities of AI companies.

8. Apple is set to unveil the iPhone 16, the first with built-in generative AI capabilities, on Sept 9. 

9. Amazon plans to launch a subscription-based AI-enhanced Alexa in October, featuring AI-generated news summaries and other advanced features.

10. Klarna, the ‘buy now pay later’ service provider, announced it has reduced its workforce from 5,000 to 3,800, with AI chatbots taking over tasks that previously required 700 employees.

11. Inflection AI announces Pi’s shift towards enterprise solutions, enhancing both data ownership and emotional intelligence in the workplace.

12. A significant portion of news websites are blocking AI scraping tools, with 25% currently blocking Apple's Applebot-Extended, 43% blocking Google-Extended, and 53% blocking OpenAI bots, indicating growing resistance to AI scraping.

13. CoreWeave is the first to market with NVIDIA H200 GPUs, which significantly boosts AI infrastructure standards.

14. Arizona State University partners with OpenAI, for a unique effort to integrate ChatGPT into curriculum and 200+ projects to enhance education and research.

15. ESPN's new streaming service will use AI to personalize content, such as customized SportsCenter episodes.

💰 Top Funding News:

1. OpenAI is in talks for a new funding round at a $100Bn valuation, led by Thrive Capital, w/ Microsoft, Apple, and Nvidia expected to join, alongside other existing backers such as Khosla Ventures, Infosys, and Y Combinator. This would be OpenAI’s largest external funding since Microsoft’s $10Bn investment in Jan 2023.

2. Atlassian acquired Rewatch, an AI-powered meeting note-taking and video hub tool, which  will be integrated into Loom and Atlassian’s Rovo AI platform for enhanced meeting transcription and task management.

3. Supio, which uses LLMs, to automate and structure complex, unstructured legal data for personal injury and mass tort law firms, raised a $25M Series A, led by Sapphire Ventures, w/ Bonfire Ventures and Foothill Ventures.

4. Swiss-Mile, which develops embodied AI for autonomous robots with integrated neural networks, raised a $22M in a Seed round, co-led by Jeff Bezos (Bezos Expeditions) and HongShan.

5. Fresha, which is advancing its platform by integrating machine learning and AI-powered robotics to enhance operations for beauty and wellness businesses, raised $31M in venture debt, from JP Morgan. 

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