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☆ How AI is changing OnlyFans and adult content creation, from chatting to 'AI twins,' and where the future is headed
▼ + stars: | 2024-05-07 | by ( Marta Biino | ) www.businessinsider.com time to read: +12 min

Many AI adult influencers have turned to OnlyFans competitor Fanvue to monetize their content. MySentient has been investing in creating "sentient" AI chatbots based on people that range from adult creators like Amouranth to Jesus. Elaina St James has used different AI tools to generate images of herself in different contexts and outfits. To create these characters, they use a variety of AI tools, including Unstable Diffusion, an AI image generator that focuses on NSFW content. Others see the power of AI but also the issues it could create for the adult industry as a whole.

Persons: Riley Reid, Ana Levy, Isla Moon, Jada Sparks, Fanvue, it's, OnlyFans, Fortune, Riley Reid's Clona, immortalize, Riley, MySentient, Amouranth, Jesus, Reese Leysen, Leysen, We've, Robert Weiss, that's, she'd, James, Elaina, James Level, —, Eva AI, MyClub.ai, Eva, MyClub, Jessica Moore, Elaina St James, St James, Zoe Fox, Aika Kittie, Margot Robbie, Influencer Sophie Annaston, she's, Sophie Annaston, who's, It's, Charles Lyle Organizations: Business, MyClub, AVN, Media Locations: Philippines, India, Pakistan, Canada, Spanish, Fanvue, Lipa

☆ When grief and AI collide: These people are communicating with the dead
▼ + stars: | 2024-05-06 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +12 min

People have wanted to reconnect with deceased loved ones for centuries, whether they’ve visited mediums and spiritualists or leaned on services that preserve their memory. In September 2023, it introduced ChatGPT voice, where users can ask the chatbot prompts without typing. HereAfter AI, founded in 2019, allows users to create avatars of deceased loved ones. “Remembering is very important; it reflects the human condition and importance of deceased loved ones.”But she noted the relationship we have with our closest loved ones is built on authenticity. Creating an AI version of that person could for many “feel like a violation of that.”Bill Abney said he feels uneasy about communicating with his late fiancée through AI platforms.

Persons: Ana Schultz, Kyle, ”, Schultz, “, Schutz, they’ve, ” Ana Schultz, ElevenLabs, Joe Biden, Biden, ChatGPT, OpenAI, Danielle Jacobson, she’s, Phil, Cole, ” Jacobson, “ Cole, Replika, Rohit Prasad, Val Kilmer, It’s, Mary, Frances O’Connor, ‘, ’ ”, Bill Abney, Kari, ” Abney, “ I’m, Jodi Spiegel, Sims Organizations: CNN, Davidson College, Tech, Alexa, MARS, Amazon, University of Arizona Locations: Rock Falls , Illinois, Alabama, Johannesburg, South Africa, “, San Francisco, Newfoundland, Canada

☆ Here's the 'true solution' to the problem of audio deepfakes, according to the CEO of ElevenLabs
▼ + stars: | 2024-05-05 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

AI voice tech company ElevenLabs is grappling with deepfakes. AdvertisementCompanies at the forefront of AI voice technology are grappling with how to regulate deepfakes without stifling innovation. And last year 4chan users exploited the tool from ElevenLabs to generate deepfakes of celebrities spewing racist and transphobic content, according to Vice . AdvertisementNew York Mayor Eric Adams has been making robocalls in Mandarin, Yiddish, and Haitian Creole with ElevenLabs technology and said he's been able to reach more of the city's non-English speaking residents. ElevenLabs has signed an accord with several other AI companies, including OpenAI, Anthropic, Google, and Meta to combat deepfakes in the 2024 election.

Persons: —, Mati Staniszewski, scammers, Bruce Reed, ElevenLabs, Eric Adams, he's, Staniszweski, Staniszewski Organizations: Service, Google, Business Locations: Haitian

US law enforcement officials have also been closely monitoring the incident to determine if a federal crime was committed, a senior US official familiar with the matter told CNN. Tom Brenner/ReutersA longtime political consultant, Kramer worked for Kanye West’s 2020 presidential bid and has a history of producing robocalls. Phillips’ campaign said it had no knowledge of his reported involvement with the AI Biden call. He said that Kramer told him to delete all of the emails between the two of them, and that he did. As figures at the center of American political scandals go, Carpenter is certainly “eccentric” – a word he uses to describe himself.

Persons: Paul Carpenter –, –, Joe Biden’s, Carpenter, Dean Phillips, Biden, ”, “ I’m, Steve Kramer, Phillips, Kramer, Carpenter’s, Biden’s, Tom Brenner, Kanye, Phillips ’, robocalls, ” Phillips, Katie Dolan, ” Dolan, Hank Sheinkopf, Sheinkopf, CNN’s Jake Tapper, “ I’d, “, who’s, Donald Trump, Sen, Lindsey Graham of, ” Carpenter, he’s, didn’t, Bruce Kramer, Brandon Kizy –, Paul Carpenter, CNN “ Paul, Paul, ” Kizy, Hany Farid, we’ve, ” Liz Purdy, I’d, “ I’ve, ” CNN’s Alison Main, Allison Gordon, Isabelle Chapman, Yahya Abou, Ghazala Organizations: CNN, New, Minnesota Rep, Democratic, NBC News, Commission, Reuters, South, Republican, University of California Berkeley Locations: Orleans, New Hampshire, Texas, New York, Pennsylvania, South Carolina, Minneapolis, New Orleans, Lindsey Graham of South Carolina

Tech executives from Adobe, Amazon, Google, Meta, Microsoft, OpenAI and TikTok gathered at the Munich Security Conference to announce a new voluntary framework for how they will respond to AI-generated deepfakes that deliberately trick voters. Thirteen other companies — including IBM and Elon Musk's X — are also signing on to the accord. Instead, the accord outlines methods they will use to try to detect and label deceptive AI content when it is created or distributed on their platforms. That pressure is heightened in the U.S., where Congress has yet to pass laws regulating AI in politics, leaving AI companies to largely govern themselves. Many social media companies already have policies in place to deter deceptive posts about electoral processes — AI-generated or not.

Persons: TikTok, Elon Musk's, ”, Nick Clegg, ” Clegg, Joe Biden’s, Suharto, Jeff Allen, McAfee, —, Linda Yaccarino Organizations: . Tech, Adobe, Google, Meta, Microsoft, Munich Security, IBM, Elon, Facebook, “, Federal Communications Commission, Integrity Institute, Arm Holdings, Twitter, Associated Press, AP Locations: U.S, San Francisco

☆ Fake Biden robocall linked to Texas-based companies, New Hampshire attorney general announces
▼ + stars: | 2024-02-06 | by ( David Wright | ) edition.cnn.com time to read: +4 min

CNN —A robocall that used an AI voice resembling President Joe Biden’s to advise New Hampshire voters against voting in the state’s presidential primary has been linked to a pair of Texas-based telecommunications companies, the state’s attorney general announced on Tuesday. New Hampshire Attorney General John Formella, in a news conference on Tuesday, said the source of the calls were linked to two businesses: Life Corporation and Lingo Telecom. Formella identified Walter Monk as the owner of Life Corporation. Formella said the investigation is ongoing and suggested it involves additional entities other than Life Corporation and Lingo Telecom. “We have issued a cease-and-desist letter to Life Corporation that orders the company to immediately desist violating New Hampshire election laws.

Persons: Joe Biden’s, John Formella, Formella, Walter Monk, “, ” Formella, ”, Donald Trump, That’s, we’ve, I’m, Biden, Julie Chavez Rodriguez, CNN’s Donie O’Sullivan Organizations: CNN, New, . New Hampshire, Life Corporation, Lingo Telecom, “ Republicans, Democratic, Texas Life Corporation, New Hampshire, University of California, Berkley Locations: New Hampshire, Texas, ., Hampshire

☆ Salary data revealed: Here's how much 16 top US and European AI startups like OpenAI, Anthropic, and Hugging Face are paying staffers
▼ + stars: | 2024-02-01 | by ( Riddhi Kanetkar | Tasmin Lockwood | Callum Burroughs | ) www.businessinsider.com time to read: +2 min

AI talent is very much in demand, with some staffers from the likes of Stripe, Amazon, and Google making the switch to smaller upstarts. AI companies are using some of those funds to shell out on sizable salary packages to attract talent, according to data obtained by Business Insider. While salary transparency remains a problem in both Europe and the US, the latter has taken more steps to make salary data visible to employees and candidates. With considerable research prowess, Europe has become a hotbed for producing AI talent. Business Insider has pulled together salary data from some of the most in-demand AI companies that have published H1B salary data, including OpenAI, Anthropic, and Midjourney.

Persons: Sam Altman, queued, chunky, DeepMind's, Mustafa Suleyman Organizations: Google, Business, Mistral, Companies Locations: Europe, Atomico

☆ Wondercraft wants to be the AI-driven 'Canva of audio.' Check out the 9-slide pitch deck it used to raise $3 million.
▼ + stars: | 2024-01-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

An AI audio startup founded by former Palantir and Acast staffers has raised $3 million in a seed round backed by investors, including Y Combinator and Diary of a CEO host Steven Bartlett. London-based Wondercraft, founded in 2022, aims to become the "Canva of audio." Nikolaou said he likened the startup to Canva because he wanted to "empower everyone to be an audio creator." With the fresh funding, Wondercraft will develop the platform further and extend a wider range of features to its users. Check out the 9-slide deck used to raise the fresh funds:

Persons: Y Combinator, Steven Bartlett, Dimitris Nikolaou, Youssef Rizk, Oskar Serrander, Nikolaou, Serrander, Wondercraft Organizations: Business, Will Ventures Locations: London, Boston

☆ AI voice cloning startup ElevenLabs confirms $1.1 billion valuation after it closes third funding round in year
▼ + stars: | 2024-01-22 | by ( Riddhi Kanetkar | Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewElevenLabs, an early-stage AI startup that has captured the attention of some of the world's biggest investors, has raised its third funding round in a year. The Series B round values the business at over $1 billion, confirming Business Insider's earlier reporting from November. ElevenLabs last raised a funding round in June, when it tapped up investors for $19 million at a $100 million valuation. It has also released a new AI Speech Classifier tool, which lets anyone detect if an uploaded sample contains AI-generated audio from ElevenLabs. ElevenLabs now aims to expand its Classifier tool to other AI voice models in the coming year.

Persons: —, ElevenLabs, Andreessen Horowitz, Nat Friedman, Uber, Daniel Gross, Piotr Dabkowski, Mati Staniszewski Organizations: Service, Business, Google, Github Locations: London, New York, Sequoia

☆ Andreessen Horowitz is in the midst of a reshuffle to sharpen its focus on AI, sources say
▼ + stars: | 2023-11-09 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +4 min

Andreessen Horowitz is reshuffling parts of its investment organization to sharpen its focus on artificial intelligence, according to people with knowledge of the situation. The changes will center the venture capital firm on two main themes: AI applications and AI infrastructure, the people said. The AI applications group is being headed by general partner Alex Rampell, according to the sources. General partner Martin Casado, who focuses on enterprise deals, will oversee another group investing in AI infrastructure, the people said. Do you have information about A16z or another venture firm?

Persons: Andreessen Horowitz, Alex Rampell, Rampell, Martin Casado, Margit Wennmachers, Casado, Jeff Jordan, Databricks, A16z, Pretzels, Vinod Khosla, Khosla, Ben Bergman, Melia Russell, mrussell@insider.com Organizations: US, A16z, VMware Locations: Silicon Valley, Airbnb, bbergman@insider.com

☆ Voice cloning AI startup ElevenLabs was worth $100 million five months ago. Now, sources say it's about to hit $1 billion.
▼ + stars: | 2023-11-08 | by ( Callum Burroughs | Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

ElevenLabs, a generative AI startup focused on voice, is in talks to raise capital in a deal that would catapult its valuation to $1 billion. It is unclear as yet whether Sequoia would invest alongside Andreessen Horowitz or if they are competing with one another. Five months on, the prospective new round will increase that valuation 10 times over to $1 billion, three sources said. ElevenLabs and Andreessen Horowitz did not respond to a request for comment. Bruce Reed, President Biden's AI chief, said that voice cloning "keeps me up at night," in an interview with Politico.

Persons: Andreessen Horowitz, Joe Rogan, Emma Watson, Gizmodo, ElevenLabs, Sequoia, OpenAI's ChatGPT, FOMO, Mati Staniszewski, Nat Friedman, Daniel Gross, Eric Adams, Adams, Bruce Reed, Biden's, Meta Organizations: Google, VC, Sequoia, Meta, Britain's Companies, Concept Ventures, New York City, White, Politico Locations: London, New York

☆ Biden's AI chief says 'voice cloning' is what keeps him up at night
▼ + stars: | 2023-11-05 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

He said that "voice cloning" is the one thing that keeps him up at night, Politico reported. "Voice cloning is one thing that keeps me up at night," White House Deputy Chief of Staff Bruce Reed told Politico. Phone scammers, for example, have already been exploiting advancements in voice cloning technology to make their schemes more believable. In April, one mother in Arizona received a call from a scammer who had used voice cloning software to pretend he had kidnapped her daughter. While we see our tech being overwhelmingly applied to positive use, we also see an increasing number of voice cloning misuse cases.

Persons: Bruce Reed, —, Staff Bruce Reed, Reed, who's, it's, McAfee, Eric Adams, he's, Adams, ElevenLabs, Joe Rogan, Ben Shapiro, Emma Watson Organizations: Politico, Service, House, Staff, Biden, FTC, New York City, Beta, 4chan Locations: Arizona, New York

☆ AI supply chain startup Tacto is set to raise funds from Sequoia. It's already in talks to bring in more cash.
▼ + stars: | 2023-11-03 | by ( Callum Burroughs | Tasmin Lockwood | ) www.businessinsider.com time to read: +2 min

Tacto, a small German AI supply chain startup, is set to raise new funding from US giant Sequoia and is already in talks with a different high-profile investor to raise another round. Sequoia is set to lead Tacto's Series A round, six sources familiar with the deal told Insider. Unusually, the startup has already begun talks to raise another round of funding in addition to the Sequoia deal. Tacto is also in talks with London-based Index Ventures to immediately raise another funding round, five sources said. Andreessen Horowitz led a seed round in tiny AI startup ElevenLabs in March, and is also in talks with months-old company Mistral.

Persons: Tacto, Andreessen Horowitz, Fintech, Hanno Renner Organizations: London, Ventures, Sequoia, Energy, nab, Cherry Ventures, UVC Partners, Club Locations: Sequoia, Munich, Berlin

☆ A lot of 2023's new unicorns have been generative AI startups. Here's what to expect from the sector next year, according to Accel.
▼ + stars: | 2023-10-17 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

Generative AI startups have made up a lot of the world's new unicorns this year. High-profile investors have jostled to back, in some cases, weeks-old startups like Mistral as the hype around generative AI intensified. Both regions also tout a batch of promising unicorns across the generative AI stack. Generative AI will become a run-of-the-mill tool"Generative AI will unlock new verticalised applications built with smaller and dedicated models and industry-specific workflows," the Accel report said. Enterprises will also jump to incorporate generative AI more seamlessly into their automation tools, per the report.

Persons: —, Phillipe Botteri, Harvey Organizations: Venture, Mistral, US, Accel Partners, Runway, Accel, EU, Stanford University, Enterprises, Big Tech, Microsoft Locations: Europe, Israel, Jasper, France, EU

☆ An actor who found an AI-generated version of her voice reproduced in a sexually suggestive scene on TikTok said the experience was 'violating'
▼ + stars: | 2023-10-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Actor Allegra Clark found a character she voiced acting out a sexually suggestive scene on TikTok. The scene had been AI-generated with the tool ElevenLabs, per Forbes. Clark told the news outlet the lack of personal ownership of her voice left her feeling powerless. AdvertisementAdvertisementA voice actor said it was "violating" to discover her voice had been used for an AI-generated sexually suggestive scene without her permission. Clark's voice had been replicated and manipulated with a generative AI tool called ElevenLabs, so she wrote to the company expressing her concerns.

Persons: Allegra Clark, Clark, —, Forbes, Clark's, it's, ElevenLabs, Mati Staniszewski Organizations: Forbes, Service

☆ Europe is minting red hot AI startups like DeepL and Synthesia. Meet 15 of the most prolific investors backing the region's breakout stars.
▼ + stars: | 2023-09-28 | by ( Riddhi Kanetkar | Tasmin Lockwood | Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Meanwhile, Andreessen Horowitz has poured cash into the AI-voice-intelligence startup ElevenLabs and the Nordic AI startup Sloyd. Some of Europe's most prolific AI investors are national funds and startup accelerators. London's Phoenix Court, the parent company of the VC firm LocalGlobe, took the top spot for total investment value — with $713 million poured into AI startups since 2020. MMC Ventures, also in London, followed suit with $628 million in investments in AI startups. Insider has profiled 15 investors at these firms who have spearheaded investments into European AI startups, in no particular order.

Persons: ChatGPT, Andreessen Horowitz, LocalGlobe Organizations: Venture, Lightspeed, New, Nordic, Court, MMC Ventures Locations: French, New York, Europe, London

☆ Big startups are a bust so prestige investors are fighting for deals into tiny European companies
▼ + stars: | 2023-09-05 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

Funding to European startups across the board dropped by almost 60% to $23 billion in the first six months of 2023, according to Crunchbase data. ElevenLabs, a London-based artificial intelligence startup founded by Google and Palantir alumni, pulled in $18 million at a $100 million valuation a year after it was founded. Mistral, another European startup set up by ex-Facebook and DeepMind staffers, raised $113 million a month after it was founded. AI has been of particular interest to investors with similar hype surrounding a deal for London-based text-to-voice startup ElevenLabs. Industry stakeholders believe that teams springing from already successful companies to set up their own startups will be very attractive with some predicting startups founded between 2022 and 2024 primed to be very in demand in the future.

Persons: Andreessen Horowitz, David Schreiber, Duco van, Pivot, Marc, Antoine Lacroix, Romain Libeau, Sifted, Filip Dames, Dames Organizations: Google, Mistral, Facebook, Ventures, Cocoa, Club, Cherry Ventures, Sequoia, Industry Locations: Europe, London, Paris, Berlin

☆ Dropoff in venture capital funding triggers uptick in pre-emptive deals with investors desperate to back the hottest startups
▼ + stars: | 2023-08-02 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Venture capital funding was cut in half in the first six months of 2023, according to Crunchbase. The dropoff has triggered an uptick in pre-empted deals, where investors back the most exciting startups. Payrails, Cello, and ElevenLabs are among the startups to close pre-emptive deals this year. Venture capital funding to startups has continued to collapse in 2023. The slowdown has led to something of an uptick in pre-empted funding rounds, where investors come forward with deal terms to exciting early-stage businesses before they even begin fundraising.

Persons: VCs, Tom Mendoza Organizations: Venture, Crunchbase, Energy, EQT Ventures Locations: London, Berlin

☆ AI Voice Generators Are Fueling a Terrifying New Phone Scam
▼ + stars: | 2023-06-28 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

As soon as he heard his dad's voice, Eddie, a 19-year-old TikToker, knew something was up. But with AI, the voice on the other end of the phone can now sound eerily like the real deal. Plus, more people are making their real voice available to scammers: McAfee said 53% of adults shared their voice data online weekly. McAfee also found that over one-third of victims lost more than $1,000 in AI scams, with 7% losing more than $5,000. Then, the scammer can just type out whatever they want, and the AI voice will speak what is typed in real time.

Persons: Eddie Cumberbatch, Eddie, —, Eddie's, Eddie didn't, tricksters, scammers, McAfee, aren't, Richard Mendelstein, Stella, panicking, it's, Steve Grobman, Grobman, they've, Neil Gorsuch, Kamala Harris, Ally Armeson, cybercrime, Armeson, Eve Upton, Clark Organizations: Federal Trade Commission, People, FTC, McAfee, Google, Washington Post, Supreme, Cybercrime Support Locations: Chicago, Mexico City, Canadian

☆ 10 Things in Tech: Low morale at Microsoft
▼ + stars: | 2023-06-21 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +5 min

Morale appears to be low at Microsoft. According to internal messages, those changes were another blow to morale, after Microsoft announced it was laying off 10,000 staff in January. In other news:The AGI House is the Bay Area's hottest AI hacker house, hosting dinners, hackathons, and fireside chats on a weekly basis. Founders and VCs are clamoring to get into a $68 million AI hacker house. AGI House, an 18,000 square foot Hillsborough mansion, serves as a hacker house and community hub for the Bay's exploding AI scene.

Persons: Hallam Bullock, Satya Nadella, Kathleen Hogan, Stephanie Palazzolo, ElevenLabs, Andreessen Horowitz, Wharton, Eddie Wu, Daniel Zhang, Wu, Meta, Ashley Flowers, Jordan Pettitt, Shona Ghosh Organizations: CBS, US Coast Guard, Microsoft, Workers, Tmall, Getty Locations: London

☆ Hot AI startup ElevenLabs confirms it's raised $19 million from Andreessen Horowitz and GitHub's former CEO
▼ + stars: | 2023-06-20 | by ( Riddhi Kanetkar | Callum Burroughs | ) www.businessinsider.com time to read: +2 min

AI company ElevenLabs has raised $19 million in fresh funding, confirming earlier Insider reporting. Year-old AI voice startup ElevenLabs has raised $19 million in early-stage funding, as venture capital investors rush to back firms in generative AI. Cofounder and CEO Mati Staniszewski previously told Insider that the startup saw huge potential in the publishing and audiobooks sector. Since launching its beta platform in January 2023, the startup says it has hit 1 million users and generated over 10 years of audio content. Credo Ventures and Concept Ventures, which backed the startup's $2 million pre-seed round, also joined the new round.

Persons: ElevenLabs, Andreessen Horowitz, Nat Friedman, Daniel Gross, Mike Krieger, Mustafa Suleyman, Brendan Iribe, Mati Staniszewski, Staniszewski Organizations: Venture, Ventures, Concept Ventures Locations: London, New York

☆ Investors have piled into AI startups following the launch of ChatGPT. Here are 20 pitch decks used by Europe's AI founders to win over VCs.
▼ + stars: | 2023-06-16 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

AI startups raised $60 billion last year and investors have continued to pile in on the tech in 2023. Below are 20 pitch decks used by European startups deploying AI in everything from health to property. V7Generative AI, media, and designThis startup uses generative AI to speed up the property-buying process. This AI startup helps Big Tech firms compress videos while maintaining quality. This AI startup helps firms like TrueLayer and CurrencyCloud meet their revenue targets.

Persons: Sam Altman, Elon Musk, Andreessen Horowitz, Nat Friedman, Alberto Rizzoli, Simon Edwardsson, Iris Organizations: Morning, Investment, Venture, Insight Partners, Ventures, Google, Creative Fabrica, Big Tech, Health, Microsoft, Enterprise, Ikea, Twitter, CurrencyCloud Locations: Temasek

☆ Sam Altman made an OpenAI voice clone of Marc Benioff giving a JFK speech at a dinner meeting, and now the audio sample can't be located, reports say
▼ + stars: | 2023-06-14 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Sam Altman showed Marc Benioff an unreleased OpenAI model which can clone voices, Forbes reported. Sam Altman created an AI voice clone of Marc Benioff giving a presidential speech, but can no longer locate the data sample, Forbes and Quartz reported. In his company's most recent earnings call, Benioff had alluded to Altman giving him "demonstrations of advanced technologies" but didn't then give any details. He revealed Monday that Altman used an unpublished OpenAI model to simulate Benioff repeating the words of John F. Kennedy. Benioff said that OpenAI's model was able to accurately generate the JFK speech with just a few seconds of his voice, Forbes reported.

Persons: Sam Altman, Marc Benioff, Forbes, F, Kennedy, Benioff, ChatGPT, Altman, didn't, John F, ElevenLabs, OpenAI Organizations: Forbes, Quartz, JFK Locations: New York

☆ The FOMO is real for venture capitalists paying big premiums to invest in AI startups right now
▼ + stars: | 2023-06-08 | by ( Callum Burroughs | Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

Investors plowed about $25 billion into AI companies in the first three months of 2023. Other US generative AI startups including Adept, Inflection AI, Pinecone and Runway have all raised major rounds in the last few months. AI is minting unicorn-valued companies even in the tech downturnFunding into AI startups was down slightly for the full-year in 2022, matching a broader downturn in tech funding. And VC funding to generative AI startups specifically, many of which are very early-stage businesses, topped $1.7 billion in Q1 2023, per Pitchbook. "No one wants to invest in AI that's going to wipe out humanity," said AlbionVC's Grimm.

Persons: Warren Buffett, OpenAI's ChatGPT, Imran Ghory, Meta, Little, ChatGPT, David Grimm, Nathan Benaich, Benaich, VCs, Geoffrey Hinton, AlbionVC's Grimm Organizations: Blossom, Google, Facebook, Air Street Capital, Investors, EU, Stanford University, Venture Locations: OpenAI, London, Europe, French

☆ OpenAI CEO Sam Altman says there's 'too much of an investor frenzy around AI in the short-term' in Silicon Valley
▼ + stars: | 2023-06-07 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +4 min

Altman said there's too much short-term investor frenzy, and not enough long-term vision. "There's crazy stuff happening in Silicon Valley right now," the OpenAI CEO said. OpenAI CEO Sam Altman thinks there's too much investor hype around artificial intelligence in Silicon Valley right now. When asked about the investor AI frenzy, Altman didn't mince words. Funding to generative AI startups alone has jumped 580% in the past three years, according to PitchBook data.

Persons: Altman, there's, Sam Altman, There's, OpenAI, Andreessen Horowitz, Harvey, Langchain, Paul Graham, Graham, hasn't, Elon Musk, we're Organizations: Morning, Indian, Economic Times, Elon Locations: Silicon Valley, India, Europe, Israel, GPT

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