Salesforce launches AI Cloud, enterprise-ready AI tool suite

⚡ Today’s Highlights

• 📰 News: Salesforce is launching a suite of enterprise-ready AI tools

• 💰 Funding: Electronic Caregiver, Percepto, Gensyn, and CloudZero

• 🦾 Tools: Make the most of your customer base with the power of AI

• 📅 Events: The Open Data Science Conference 2023 starts tomorrow (June 14)!

📰 Today's Top Stories

Salesforce launches AI Cloud to bring models to the enterprise

(8 min read) (Source: TechCrunch)

TLDR: Salesforce is launching AI Cloud, a suite of products aimed at delivering "enterprise-ready" AI solutions and incorporating generative AI across its platform.

• AI Cloud hosts AI models from partners like Amazon Web Services, Anthropic, Cohere, and OpenAI, as well as Salesforce's own AI research division.

• The suite includes nine Salesforce-built models that power new capabilities in products such as Data Cloud, Tableau, Flow, and MuleSoft, covering areas like sales, service, marketing, commerce, and collaboration.

• Salesforce is also doubling its Generative AI Fund from $250 million to $500 million, aiming to accelerate the development of responsible generative AI solutions for enterprise applications.

• The fund has already invested in companies like Cohere, Anthropic, You.com, Hearth.AI, Humane, and Tribble, prioritizing ethical AI technologies and supporting diverse projects, including automation platforms, wearable AI assistants, and AI-powered search engines.

OpenAI, DeepMind will open up models to UK government

(3 min read) (Source: POLITICO)

TLDR: Google DeepMind, OpenAI, and Anthropic will provide priority access to their AI models to the U.K. government for research and safety purposes.

• The agreement aims to improve evaluations and understanding of AI systems' opportunities and risks, supporting the U.K.'s ambition to become a leader in AI safety regulation.

• The U.K. plans to host a global summit on AI safety in the fall, likened to UN COP climate change conferences, to drive discussions and collaboration on AI regulation.

• Prime Minister Rishi Sunak detailed the plan on his Twitter:

American Tech Giants Are Slowly Cutting Off Hong Kong Internet Users

(7 min read) (Source: The Wall Street Journal)

TLDR: American tech giants, including Google, OpenAI, and Microsoft, have limited access to their AI chatbots in Hong Kong, possibly due to concerns over violating China's national security law that criminalizes government criticism as reported by the Wall Street Journal.

• The moves by tech companies to restrict services in Hong Kong align with a trend of treating the city more like mainland China, potentially limiting the free flow of information and nudging it closer to China's heavily censored internet environment.

UN chief backs idea of global AI watchdog like nuclear agency

(3 min read) (Source: Reuters)

TLDR: UN Secretary-General Antonio Guterres supports the creation of an international AI watchdog body similar to the International Atomic Energy Agency (IAEA) to address concerns and regulate the development and use of artificial intelligence.

• Guterres plans to establish a high-level AI advisory body to review AI governance and provide recommendations aligning with human rights, the rule of law, and the common good. He finds the idea of an AI agency inspired by the IAEA "very interesting" but clarifies that only member states can create it.

💰 Funding Alerts

1. Electronic Caregiver, a provider of advanced TeleCare services, raised $95 million in a Series A round. The funding is provided by select institutional investment funds and large strategic technology partners, with CMD Global Partners representing Electronic Caregiver.

• Electronic Caregiver uses cutting-edge, artificial intelligence, mixed reality, and connected devices with personalized remote care to enhance patient care and extend functional lifespan

• With the funds, Electronic Caregiver plans to increase marketing, sales, and expansion efforts. The company aims to transform the way individuals receive care and support by improving treatment adherence, health outcomes, and overall wellness, enabling them to live healthier and more independent lives.

2. Percepto, an autonomous inspection and monitoring solution provider, raised a combined $67 million in Series C funding from investors such as Koch Disruptive Technologies and Zimmer Partners. The round includes participation from existing investors U.S. Venture Partners, Delek US Holdings, Atento Capital, Spider Capital and Arkin Holdings.

• Percepto utilizes drones, robots, and AI to automate visual inspections

• With the funding, Percepto plans to expand its operations and business reach. They aim to further develop their Autonomous Inspection & Monitoring (AIM) solution, which enables companies to detect and address issues like gas leaks, overheating, and infrastructure deterioration through AI-powered analysis and insights.

3. Gensyn, a blockchain-based marketplace protocol, raised $43 million in a Series A funding round led by A16z Crypto, along with participation from CoinFund, Canonical Crypto, Protocol Labs, Eden Block, Maven 11, and angel investors.

• Gensyn connects buyers and sellers of compute power, focusing on AI systems.

• Gensyn plans to use the funds to further develop its marketplace protocol, which enables developers to build AI systems using connected hardware and pay on-demand. The company aims to create open infrastructure that connects models to computational hardware, allowing more people to contribute to AI development and mitigate bias and misalignment.

4. CloudZero, has raised $32 million in a Series B funding round led by Innovius Capital and Threshold Ventures, with participation from existing investors Matrix Partners, Underscore VC, and G20 Ventures.

• CloudZero is a leader in cloud cost intelligence, offering a platform that automates the collection, allocation, and analysis of cloud cost data and uses AI-powered anomaly detection to optimize cloud costs.

• With the new funding, CloudZero aims to expand platform features, enhance enterprise functionality, and grow its team to serve more customers and help them maximize the value of their cloud investments.

🦾 Trending Tools

• Deeto is an AI customer reference platform that empowers your business by connecting prospects with your best customers. By tapping into the power of satisfied customers, Deeto creates meaningful interactions, generates user-driven content, and accelerates deal closures. Leverage AI and real-world insights to drive growth and build trust.

• Granica is an AI Efficiency platform that combines fundamental research in information science and cloud-scale systems engineering to provide enterprise-ready AI infrastructure services, making AI more accessible and affordable for all.

• Credal.ai, the information security layer for AI, enables businesses to leverage AI applications while safeguarding sensitive data. Their Chat UI, Slackbot, and API utilize context from authorized company data, masking sensitive information and ensuring data privacy. Designed to address the challenges faced by infosec/IT teams.

• Mito AI adds the power of ChatGPT with spreadsheet functions, allowing users to generate Python code and automate Excel reports effortlessly. Transform your data without coding, verify code correctness in the spreadsheet, and enhance your productivity.

• Composer is a platform for building, backtesting, and executing trading algorithms with AI. No coding skills needed. Customize strategies using our drag-and-drop editor, backtest with professional-grade data, and execute with a click.

👀 More Reading

• The threat and promise of artificial intelligence (Financial Times)

• How AI Will Accelerate the Circular Economy (Harvard Business Review)

• Tech rolls out two revolutions at once (Axios)

• Doctors Are Using Chatbots in an Unexpected Way (The New York Times)

• How Large Language Models Reflect Human Judgment (Harvard Business Review)

🌎 Fresh Content

1. Matt Wolfe put together a tutorial for creating incredible videos using RunwayML’s text/image-to-video tool Gen 1 and other amazing tools like ElevenLabs. (YouTube)

 📅 Upcoming Events

The Open Data Science Conference 2023 (June 14-15, 2023 / Tobacco Dock, London, England + Virtual) helps you build job-ready skills and stay up-to-date with the latest advances in machine learning, NLP, LLMs, data analytics, responsible AI, and more with ODSC East’s expert-led, immersive, training sessions. With 300 hours of content, the conference features a wide range of sessions for data scientists at every level, from beginner to expert.

 🧠 Prompts

Unleash the innovative potential of ChatGPT to pioneer cross-industry expansion with this insightful prompt. This prompt will empower you to identify new industries for your business to venture into and create groundbreaking products or services through adaptation. Engage with ChatGPT to brainstorm five untapped industries and innovative use cases for your business or service. Customize the prompt to dig deeper into the specifics and explore uncharted possibilities for your business. Make sure you ask it for sources of information.

Pioneering Cross-Industry Collaboration

• Prompt: "ChatGPT, I'm aiming to diversify my customer base by breaking into industries where my business or service is not conventionally engaged. Could you please ask me about my business and services, then help me pinpoint five such industries and brainstorm innovative adaptations that could lead to groundbreaking products or services?"

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