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REUTERS/Dado Ruvic/Illustration/File PhotoJune 29 (Reuters) - Inflection AI, a startup backed by several Silicon Valley heavyweights, said on Thursday it had raised $1.3 billion from investors including Microsoft and Nvidia, amid a boom in the artificial intelligence (AI) sector. Inflection released its chatbot Pi last month. Pi uses generative AI technology, similar to ChatGPT, to interact with users through dialogues, allowing people to ask questions and share feedback. Palo Alto, California-based Inflection AI has about 35 employees. Nvidia (NVDA.O), which has stepped up its AI investments recently, Hoffman, Bill Gates and former Google CEO Eric Schmidt also participated in the latest round, Inflection said.
Persons: Dado Ruvic, Google DeepMind, Mustafa Suleyman, Reid Hoffman, Pi, Suleyman, OpenAI, Hoffman, Bill Gates, Eric Schmidt, Niket, Krystal Hu, Vinay Dwivedi, Conor Humphries Organizations: REUTERS, Microsoft, Nvidia, Google, LinkedIn, Collision, Thomson Locations: Alto , California, Greylock, Bengaluru, Toronto
June 27 (Reuters) - Reka, an AI model startup founded by former researchers from Alphabet's DeepMind (GOOGL.O), has raised $50 million in a fresh round of funding from investors including Yuri Milner's DST Global Partners and Snowflake (SNOW.N), the companies told Reuters. Reka focuses on building large and specialized AI models for enterprise customers. Snowflake, which invested in the company, also announced a partnership to allow users to run third-party model providers like Reka within their Snowflake account. The partnerships came as Snowflake competitor Databricks acquired AI model training company MosacicML in a $1.3 billion deal on Monday. Yogatama said Reka has built both large models and proprietary model distillation technology to personalize models for specific use cases.
Persons: Alphabet's, Yuri Milner's, Christian Kleinerman, Databricks, Dani Yogatama, Yogatama, Rob Toews, Krystal Hu, Mark Potter, Anna Driver Organizations: Global Partners, Reuters, Nvidia, Radical Ventures, Thomson Locations: Snowflake, Reka, Toronto
June 27 (Reuters) - Reka, an AI model startup founded by former researchers from Alphabet's DeepMind (GOOGL.O), has raised $50 million in a fresh round of funding from investors including Yuri Milner's DST Global and Snowflake (SNOW.N), the companies told Reuters. Reka focuses on building large and specialized AI models for enterprise customers. Snowflake, which invested in the company, also announced a partnership to allow users to run third-party model providers like Reka within their Snowflake account. The partnerships came as Snowflake competitor Databricks acquired AI model training company MosacicML in a $1.3 billion deal on Monday. Yogatama said Reka differentiated by building both large models and proprietary model distillation technology to downsize models for specific use cases.
Persons: Alphabet's, Yuri Milner's, Christian Kleinerman, Databricks, Dani Yogatama, Yogatama, Rob Toews, Krystal Hu, Mark Potter Organizations: Yuri Milner's DST, Reuters, Nvidia, Radical Ventures, Thomson Locations: Reka, Toronto
DeepMind's co-founder believes the Turing test is an outdated method to test AI intelligence. In his book, he suggests a new idea in which AI chatbots have to turn $100,000 into $1 million. A co-founder of Google's AI research lab DeepMind thinks AI chatbots like ChatGPT should be tested on their ability to turn $100,000 into $1 million in a "modern Turing test" that measures human-like intelligence. The Turing test was introduced by Alan Turing in the 1950s to examine whether a machine has human-level intelligence. During the test, human evaluators determine whether they're speaking to a human or a machine.
Persons: DeepMind's, Mustafa Suleyman, Suleyman, Turing, Alan Turing, OpenAI's ChatGPT, ChatGPT Organizations: Power, Bloomberg, ACI, McKinsey
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
Airbnb co-founder and CEO Brian Chesky said AI will ultimately be a boon to the job market. He predicts AI will propel "millions of startups," even as jobs at existing companies could decrease. Chesky is one of many business leaders that has weighed in on AI this year. He anticipates that the technology will propel "millions of new startups," he told investor Jason Calacanis on a recent episode of This Week In Startups. While many in the business world have said AI could profoundly impact innovation and the economy, business leaders, including Warren Buffett, are skeptical.
Persons: Airbnb, Brian Chesky, Jason Calacanis, Calcanis, , Chesky, Warren Buffett, Elon Musk Organizations: CNBC, Google, Center, AI Safety
Left to right: Microsoft's CTO Kevin Scott, OpenAI CEO Sam Altman, Google DeepMind CEO Demis Hassabis. Joy Malone/David Ryder/Bloomberg/Joel Saget/AFP/Getty ImagesSome AI industry experts say that focusing attention on far-off scenarios may distract from the more immediate harms that a new generation of powerful AI tools can cause to people and communities, including spreading misinformation, perpetuating biases and enabling discrimination in various services. “Motives seemed to be mixed,” Gary Marcus, an AI researcher and New York University professor emeritus who testified before lawmakers alongside Altman last month, told CNN. In his testimony before Congress, Altman also said the potential for AI to be used to manipulate voters and target disinformation were among “my areas of greatest concern.”Even in more ordinary use cases, however, there are concerns. Influencing regulatorsRegulators may be the real intended audience for the tech industry’s doomsday messaging.
Persons: Sam Altman, Altman, Demis Hassabis, Kevin Scott, Elon Musk, Joy Malone, David Ryder, Joel Saget, ” Gary Marcus, , Marcus, Gary Marcus, Eric Lee, Emily Bender, Bender, ” Bender, , we’re Organizations: CNN, Google, Microsoft, Bloomberg, Getty, New York University, OpenAI, University of Washington, Laboratory, Washington Locations: Valley, AFP, Washington , DC, Congress
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
London-based Glyphic AI has raised $5.5 million from Point72 Ventures. A startup founded by former DeepMind staffers using AI to help sales teams just raised $5.5 million in fresh funds. London-based Glyphic AI, founded last year, has developed a "copilot" that automates an array of manual processes in the sales process. With the recent explosion of ChatGPT catapulting many AI startups into the spotlight, VCs are scrambling to invest in AI startups that enhance workplace productivity. With the fresh funds, Glyphic AI will build out its team, and hone in on its AI and software development.
Persons: Glyphic's, Adam Liska, Liska, Devang Agrawal, that's, Mehdi Ghissassi, Rushin Shah Organizations: London, Point72 Ventures, Creator, Dhyan Ventures, Google Locations: London
Meta releases 'human-like' AI image creation model
  + stars: | 2023-06-13 | by ( Katie Paul | ) www.reuters.com   time to read: +2 min
The model, I-JEPA, uses background knowledge about the world to fill in missing pieces of images, rather than looking only at nearby pixels like other generative AI models, the company said. Meta, which owns Facebook and Instagram, is a prolific publisher of open-sourced AI research via its in-house research lab. Chief Executive Mark Zuckerberg has said that sharing models developed by Meta's researchers can help the company by spurring innovation, spotting safety gaps and lowering costs. Lecun, considered one of the "godfathers of AI," has railed against "AI doomerism" and argued in favor of building safety checks into AI systems. Meta is also starting to incorporate generative AI features into its consumer products, like ad tools that can create image backgrounds and an Instagram product that can modify user photos, both based on text prompts.
Persons: Yann LeCun, Mark Zuckerberg, Katie Paul, David Gregorio Our Organizations: YORK, Meta, OpenAI, Microsoft, Google, Thomson
The fund-raising highlights the rapid growth of the artificial intelligence (AI) sector as well as Europe's desire to create rivals to Silicon Valley companies such as Microsoft-backed (MSFT.O) OpenAI and Google's (GOOGL.O) DeepMind. Paris-based Mistral AI was set up by former Meta (META.O) and Google artificial intelligence researchers Timothee Lacroix, Guillaume Lample and Arthur Mensch. Mistral AI's fund-raising was led by international venture capital fund Lightspeed Venture Partners. Former Google CEO Eric Schmidt is also a shareholder in Mistral AI. "Bravo to the start-up Mistral AI which has raised 105 million euros just a month after its creation: a record!"
Persons: Schmidt, Xavier Niel, Rodolphe Saade, Timothee Lacroix, Guillaume Lample, Arthur Mensch, Mensch, Mistral, Eric Schmidt, Jean, Noel Barrot, Bravo, Sudip Kar, David Evans, Leslie Adler Organizations: Lightspeed Venture Partners, Microsoft, Meta, JCDecaux, Italy's Exor Ventures, Mistral, Paris, Twitter, Thomson Locations: PARIS, Silicon, DeepMind, Paris, France, Europe, New York , California, London
There's a chance that AI development could get "catastrophic," Yoshua Bengio told The New York Times. "Today's systems are not anywhere close to posing an existential risk," but they could in the future, he said. "Today's systems are not anywhere close to posing an existential risk," Yoshua Bengio, a professor at the Université de Montréal, told the publication. Marc Andreessen spoke even more strongly in a blog post last week in which he warned against "full-blown moral panic about AI" and described "AI risk doomers" as a "cult." "AI doesn't want, it doesn't have goals, it doesn't want to kill you, because it's not alive," he wrote.
Persons: There's, Yoshua Bengio, there's, Montréal, Bengio, Anthony Aguirre, Microsoft Bing, It's, Aguirre, Elon Musk, Steve Wozniak, Anthropic, Eric Schmidt, Bill Gates, Marc Andreessen, it's, Andreessen Organizations: New York Times, Morning, University of California, Times, Microsoft, Life Institute, Bengio, Apple, Center, AI Safety Locations: Santa Cruz
British Prime Minister Rishi Sunak speaks to the media during London Tech Week at the QEII centre on June 12, 2023. British Prime Minister Rishi Sunak made a big pitch to the tech community Monday, casting the U.K. as a global center for artificial intelligence and regulation of the technology. "I want to make the U.K. not just the intellectual home but the geographical home of global AI safety regulation," Sunak added. However, the U.K. is trying to make measures of its own to be more of a leader in the world of AI. The government in March published a white paper detailing its plan for AI regulation, which sought to take a principles-based approach to the technology rather than proposing new tailored regulations.
Persons: Rishi Sunak, Sunak, Jeremy Hunt Organizations: British, London Tech, Microsoft Locations: London, Silicon, U.S, Union
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
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Personal AI assistants will help make humans more efficient, the cofounder of DeepMind said. Personal AI assistants will also change how people search for information. Personal AI assistants that can do everything from shop and negotiate on your behalf are the future of AI, Mustafa Suleyman, the cofounder of DeepMind and CEO of Inflection AI, said Tuesday during an interview with CNBC. Suleyman, of course, has a vested interest in personal AI assistants. Suleyman isn't the only tech leader that thinks personal AI assistants will mark a profound change in how we use technology.
Persons: DeepMind, Mustafa Suleyman, Suleyman, Pi, isn't, Suleyman isn't, Bill Gates, Goldman Sachs, Bard Organizations: CNBC, Google, AIs, SV Angel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Inflection AI's Mustafa Suleyman on risks and rewards of A.l. boomMustafa Suleyman, Deepmind co-founder, joins 'Closing Bell' to discuss his book 'The Coming Wave' which discusses the growing risks of A.i.
Persons: AI's Mustafa Suleyman, Mustafa Suleyman, Deepmind
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflection AI's Mustafa Suleyman says A.I. will create 'serious number of losers' in white collar workMustafa Suleyman, Deepmind co-founder, joins 'Closing Bell' to discuss his book 'The Coming Wave' which discusses the growing risks of A.i.
Persons: Mustafa Suleyman, A.I, Deepmind
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeepmind's Mustafa Suleyman says A.I. will create 'serious number of losers' in white collar workMustafa Suleyman, Deepmind co-founder, joins 'Closing Bell' to discuss his book 'The Coming Wave' which discusses the growing risks of A.i.
Persons: Deepmind's Mustafa Suleyman, A.I, Mustafa Suleyman, Deepmind
Apple CEO Tim Cook arrives for the season three premiere of "Ted Lasso" at the Regency Village Theater in Los Angeles, California, on March 7, 2023. Apple CEO Tim Cook said recently that he uses ChatGPT, the AI chatbot, and is excited about the tool's "unique applications." Cook added that large language models — the AI tools that power chatbots like OpenAI's ChatGPT and Google's Bard — show "great promise" but also the potential for "things like bias, things like misinformation [and] maybe worse in some cases." The Apple CEO also offered his thoughts on regulation and guardrails, saying they're needed but that AI is powerful and the tech's development is moving quickly. "If you look down the road, then it's so powerful that companies have to employ their own ethical decisions," Cook said.
Persons: Tim Cook, Ted Lasso, ABC's, Cook, Bard, they're, Sam Altman, Demis Hassabis, Dario Amodei Organizations: Apple, Village, GMA Locations: Los Angeles , California
Andreessen Horowitz partner Marc Andreessen Justin Sullivan | Getty ImagesVenture capitalist Marc Andreessen is known for saying that "software is eating the world." When it comes to artificial intelligence, he claims people should stop worrying and build, build, build. Andreessen writes that there's a "wall of fear-mongering and doomerism" in the AI world right now. Andreessen writes that people in roles like AI safety expert, AI ethicist and AI risk researcher "are paid to be doomers, and their statements should be processed appropriately," he wrote. In Andreessen's own idealist future, "every child will have an AI tutor that is infinitely patient, infinitely compassionate, infinitely knowledgeable, infinitely helpful."
Persons: Andreessen Horowitz, Marc Andreessen Justin Sullivan, Marc Andreessen, Andreessen, It's, it's, Bill Gates, Sam Altman, Demis Hassabis, Ben Horowitz Organizations: Getty Images Venture, Nvidia, Microsoft, Center, AI Safety, Tech Locations: China
A content writer is turning to trade work after OpenAI's ChatGPT wiped out his business. Eric Fein told the Washington Post he was dropped by 10 clients who replaced him with the chatbot. A content writer is turning to trade work after OpenAI's ChatGPT wiped out his business. Trade work is predicted to be one of the industries least affected by advances in artificial intelligence. However, white-collar roles in administration and legal industries were cited as some of the most at risk while trade work saw minimal impact from the new technology.
Persons: OpenAI's ChatGPT, Eric Fein, ChatGPT, Fein, Goldman Sachs, Mustafa Suleyman Organizations: Washington Post, Google
One is about the possibility that we’re going to have this super intelligent AI that’s capable of great destruction. casey newtonI think that’s right. But it’s just like — I don’t think — I don’t think about to do these things in the moment like Dan. I don’t think that there’s an ethical issue with doing what he wants to do. And yeah, I just think it’s going into an area that’s going to be uncomfortable for the friend.
Persons: kevin roose, casey newton, we’re, ” casey newton I’ve, kevin roose It’s, Kevin Roose, ” casey newton, Casey Newton, clowned, New York Times ’, Kate Conger, Casey, Ajeya Cotra, kevin roose Totally, Sam Altman, Demis Hassabis, Dario Amodei, Elon Musk, Steve Wozniak, They’re, Kevin, Dan Hendricks who’s, , “ I’m, don’t, you’re, I’m, — casey newton, it’s, ChatGPT, casey newton I’m, I’ve, Martinez, Varghese, kevin roose Tyler, , Steven A, Schwartz, , they’re, it’ll, there’s, Mr, Bean, We’ve, James Vincent, It’s, Jensen Huang, Harry Potter, Harry Potter of, kevin roose —, casey newton Parallelelizable, Parallelizable, — casey newton Let’s, that’s, who’s, NVIDIA —, casey newton Well, doesn’t, katie cogner, Kate Conger who’s, katie cogner Hi, katie cogner I’m, Dan, what’s, Getty, casey newton Kate, let’s, John, Here’s John, john, kevin roose That’s, Kate, he’s, He’s, he’ll, casey newton That’s, There’s, we’ve, “ I’ve, ” Kate, cogner, Prince Harry, katie cogner Doesn’t, Harry, casey newton We’re, We’re, kevin roose Kate, they’ve, Joni Mitchell, Chris Vecchio, Chris, kevin roose I’m, You’d, casey newton “, you’ll, casey newton Oh, ” kevin roose Organizations: The New York Times, NVIDIA, New York Times, Safety, Google, AI, ChatGPT, Avianca Airlines, Delta Airlines, China Southern Airlines, KLM Royal Dutch Airlines, Royal Dutch Airlines, , Bar Association, Texas, M University Commerce, Apple, Microsoft, Netflix, Harry Potter of Kentucky Christian, Facebook, eBay, “ New York Times, Boston, Garden, MetLife, TED, AIs Locations: British, Avianca, Durden, ChatGPT, Taiwan, Kentucky, Hogwarts, Harry Potter of Kentucky, California, Madison,
The generative AI industry is set to grow from $40 billion in 2022 to a $1.3 trillion market in 2032. The launch of OpenAI's chatbot ChatGPT in November fueled the hype around AI tools. Hardware, however, will make up the bulk of the $1.3 trillion of revenue, accounting for $641 billion by 2032, per Bloomberg's estimates. Hardware revenue will come from AI servers, AI storage, computer vision AI products, as well as conversational AI tools, which will be worth $108 billion. Digital ads pertaining to AI will make revenues of $192 billion, while AI assistant software will be worth $89 billion, per the report.
Persons: ChatGPT, Google Bard, Bloomberg Intelligence's, Mandeep Singh, Singh, chatbot ChatGPT, Google's Bard, OpenAI Organizations: Bloomberg Intelligence, Google, Bloomberg
could transform computer programming from a rarefied, highly-compensated occupation into a widely accessible skill that people can easily pick up and use as part of their jobs across a wide variety of fields. In situations where one needs a “simple” program … those programs will, themselves, be generated by an A.I. Welsh’s argument, which ran earlier this year in the house organ of the Association for Computing Machinery, carried the headline, “The End of Programming,” but there’s also a way in which A.I. could mark the beginning of a new kind of programming — one that doesn’t require us to learn code but instead transforms human-language instructions into software. Everyone is a programmer now — you just have to say something to the computer.”
Persons: , DeepMind, ” Matt Welsh, there’s, , ” Jensen Huang Organizations: Google, Apple, Association for Computing Machinery, Nvidia Locations: Google’s, Taiwan
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