📰 #WeeklyTechNews 👇 🤖 Anthropic has launched a program to fund advanced benchmarks for evaluating AI models, including its own Claude. The initiative highlights the need for high-quality, safety-relevant evaluations in the fast-evolving AI field. 🏦 Revolut reported a record profit of $545M for 2023, doubling revenues to $2.2B, a 95% increase from the previous year, as it hints at plans for IPO. New customers, higher interest rates, and expanded high-margin revenue streams drove growth. 🧵 Meta’s Threads has hit 175M users as it nears its one-year mark. Launched as a rival to Elon Musk's X, Threads has grown steadily since its debut, and executives are now considering ads to boost revenue. 🇫🇷 Kyutai, a French AI lab backed by billionaire Xavier Niel, former Google CEO, Eric Schmidt, and CMA CGM CEO, Rodolphe SAADE, unveiled its new voice assistant, Moshi, capable of expressing 70 emotions. Founded last year, the non-profit group plans to release the models and research as open-source, highlighting Europe's potential in AI development. 🚀 The EU plans to formally warn X (formerly Twitter) for not addressing dangerous content under the Digital Services Act (DSA). X could face fines of up to 6% of its global revenue if found in violation, as part of a broader EU crackdown on tech firms to ensure compliance with the DSA, which mandates content moderation, user privacy protection, and public risk management. #VivaTech
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I want to write a short note on why our company takes AI so seriously: AI is the digital railroads of the 21st century. I will contextualise this screenshot from Navin Chaddha's Mayfield Fund's newest AI start fund to our use-case: ❇ 1) CoPilots: Our copilot Anna will create marketing content that's fine-tuned to financial services and FINRA compliance protocols. How? Thanks to Meta's LLaMa 2 model time to market has become significantly faster. Compute power still remains a challenge. ❇ 2) Models: We will end up offering API access to our model which every bank and financial institution can avail off as an API-as-a-service. Think about saving time for compliance officers with advertising regulation. ❇ 3) Data: Our training data will adhere to the same principles that Meta and Open AI used to train it's model. We're super excited to see how our end-user impact of reaching a million American households can provide us with a unique data set that advisors can leverage for hyper-extra hyper-personalised marketing. ❇ 4) Infra: Building on top of Azure might be a better long-term decision as opposed to AWS. ❇ 5) Semiconductors and systems: The hardware powering our AI today is the backbone of this paradigm shift, I have nothing to say except that I plan on visiting Taiwan for a short holiday and attend a few networking events. :) #artificialintelligence #copilot #wealthmanagement #seedfunding
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RevOps Strategist at New Breed 🔥 | Bridging AI & Operational Efficiency | Transforming Data into Actionable Insights
Two people you likely didn't think were THAT into AI, NBA legend Shaquille O'Neal and music icon Will.i.am are making waves with their savvy investments in artificial intelligence. Both have been early backers of some of the biggest names in the AI industry, including #Google and #OpenAI. Shaq's journey into the world of tech investments began in 1999 when he was invited to invest in Google's Series A round!!! His investment acumen has since expanded to include other tech unicorns like Lyft and Ring. He's not just throwing money around; he's taking stock plus cash deals and becoming a vocal and visual owner. His latest investment, Edsoma Reads, aims to improve children's literacy through #AI, a cause close to his heart due to his own struggles with reading as a child. Will.i.am, on the other hand, has been deeply involved in the tech world for years. He co-created Beats by Dre, which Apple acquired for $3 billion, and has stakes in AI companies like OpenAI, Anthropic, and Hugging Face. His latest venture, FYI, is an AI-powered productivity app designed to help creatives collaborate more efficiently, and it looks pretty slick for its early development stages. Both celebrities believe that AI has the potential to level the playing field and bring about societal change. They see it as a tool that can solve problems and create new industries, thereby balancing inequities. It's not just about making money for them, it's about making a difference. https://lnkd.in/gmtmYg4k
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In an exclusive development, sources reveal that Google (Alphabet’s subsidiary) is in advanced discussions to invest hundreds of millions of dollars in Character.AI, the flourishing AI chatbot startup founded by former Google employees Noam Shazeer and Daniel De Freitas. Report by: Nimra Qureshi Read more: https://lnkd.in/d7QqHhBY #theheraldprime #News #newsupdates #google #AI
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#AI, Mistral, a French A.I. start-up, is valued at $6.2 billion Created by alumni from Meta and Google, Mistral is just a year old and has already raised more than $1 billion in total from investors, leading to eye-popping valuations. Mistral, a French artificial intelligence start-up, said on last Tuesday that it had raised 600 million euros, or about $640 million, from investors, a sign of robust interest in a company seen as Europe’s most promising rival to OpenAI and other Silicon Valley A.I. developers. Mistral is now valued at €5.8 billion, according to a person familiar with the investment, an eye-popping sum for a company founded just one year ago by alumni from Meta and Google. The company’s valuation has roughly tripled since December, when it raised €385 million. Investors in the latest round included the venture capital firms General Catalyst, Andreessen Horowitz and Lightspeed Venture Partners, as well as Nvidia, Samsung, Salesforce, Cisco, IBM and BNP Paribas. Since OpenAI released ChatGPT in November 2022, investors have poured money into generative A.I. technology, which can answer questions in humanlike prose, create images and write software code. Two weeks ago, Elon Musk raised $6 billion for his start-up, xAI. OpenAI has raised roughly $13 billion from Microsoft, while another California start-up, Anthropic, has raised more than $7.3 billion. Mistral has positioned itself as a European alternative to the larger American tech giants and boasts that its products, like the chatbot Le Chat, are strong in a wider range of languages, including English. In contrast to firms like OpenAI and Anthropic, Mistral subscribes to the view that A.I. software should be open source, meaning that the programming codes should be available for anyone to download, copy, tweak and repurpose. Meta has also made its A.I. code open source. In a sign of A.I.’s growing geopolitical significance, President Emmanuel Macron and others in the French government have given the company their full-throated support. Mr. Macron has called Mistral a sign of “French genius” and invited the company’s chief executive, Arthur Mensch, to dinner at the presidential palace. #AI, #RB
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AI Impact The rise of AI has brought about a significant transformation in businesses worldwide, and it's now hitting the companies that helped develop it. Appen, a company that has long relied on its global crowd of gig workers (millions) to manually analyze data, is feeling the impact of machines taking over. This shift highlights the real impact of AI on the gig economy and the need for businesses to adapt to the changing landscape. Check out the article in the link to learn more about Appen's struggles and the implications for the future of work. #AI #futureofwork #gigeconomy
This Company Helped Make AI a Reality. Now the Machines Are Crushing It.
wsj.com
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"I remember talking to a friend in 2006 saying it felt like there was nothing innovative coming. It was a time when there didn’t seem to be any big breakthroughs, and companies were raising on stories like “we use AJAX,” or “we are a platform to add tag clouds to websites.” The platforms that were popping up, things like Reddit and Facebook, felt like toys. None of it felt like real innovation. But just a few years later I remember pointing out to that same friend that the reason it felt slow was, we moved from a technical innovation period through a user behavior change period. Adoption was slow and uncertain. No one knew what to do with these things, and the tools hadn’t hit any kind of mass adoption. Yet bubbling under the surface was something big. I don’t know what is next. Maybe it’s agents, maybe it’s edge AI. I’m doubtful it’s AGI. But something is brewing and in 2 years I think we will what the right theses were for investing in this phase of AI, and what types of companies are starting to win." https://lnkd.in/gJY_Cgzp
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Is GenAI just another hype? I don't think so. 💡Technology platforms give birth to generational companies. Internet gave us Google, Amazon and Airbnb. Cloud produced Dropbox and Netflix. Mobile brought us Uber, TikTok and WhatsApp. Yes but crypto! We thought we could do everything on the top of blockchains? 📉 True, crypto did not go much further than trading on theoretical future value. Most problems it went after turned out to be solved well enough with the existing platforms. For now at least. So what makes you think that GenAI is different? 🏋♂️ GenAI increases productivity, we have promising empirical data to back this: - The employment outcomes in earnings and employment rates of freelancers like copywriters and designers are negatively affected by the release of AI-tools like ChatGPT and Midjourney (link to the study in comments). - BCG AI assisted consultants seems to carry out task 25% faster, complete 12% more tasks and score 40% better on quality than their non-assisted peers (link to the study in the comments). - Software developers using AI-copilots need less time to complete task (-55%) (source is "Github" on 95 developers, link in the comments). Yes, great but this is all incremental. Will new generational companies built at the top of GenAI? 🏛 It is likely. In fact, GenAI drastically reduces the cost of generating possibilities: texts, video, image, drug molecules, etc. Some of the best talents in the world are now playing with this. I'd be surprised if a new Novartis or a new Google is not brewing somewhere, if it is not here already. Have we reached peak hype yet? I'd be curious to hear your thoughts in the comments. cc: Eugen Stamm - See you at Slush (Tuesday to Saturday)
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A few men in Silicon Valley and Wall Street think they will determine the future of AI and impose their will on humanity. We strongly disagree. We are a group of ethical and fair-minded UHNW and HNW entrepreneurs and investors. We see the future of AI as including, but not limited to, the following attributes: 1-Any entity (brand, celebrity, author, etc, etc) and individual controls their digital identity, data assets and digital relationships. 2-Each individual controls their data (medical, financial, lifestyle, consumption, location, etc, etc) within their own Private Personal Cloud where their data is safely and continuously stored and replenished. 3-Within their Private Personal Cloud, each individual controls their Private AIs, which generate real-time, continuous actionable insights and recommendations, and act solely to protect, enhance and promote the best interests of each data owner. 4-Individuals can choose to license their attention, intention and relevant insights to brands and entities they trust for fair value and true personalization. 5-Smart, ethical brands will love eliminating the costs and risks of holding the raw, incomplete and expired data of customers. They will love being able to personalize and build trusted customer relationships like never before. A beautiful paradox. 6-Individuals develop and evolve a High Trust Digital Private Network of other individuals and entities from which they get authentic, verifiable reviews, recommendations and services (anonymous or identified). Verifiable Trust and Reputation are everything in the The of Age of AI. While no one can imagine all the breakthrough innovations that will emerge, we are certain of one thing: Original Content Creators will take control of the data assets while Algorithms become commodities. At least in Free America and Free Europe. We call that a future empowered by Creator Empowerment Technology. There will be multiple solutions in each space. Many incompetent and dodgy startups will die quickly so we have Plan A, B, C, D, etc. Ideas are a dime a dozen. If you have a real solution for a startup, are trustworthy, and share our ethics and values, please let’s connect. This is a multi-trillion dollar opportunity.
ChatGPT is winning the future — but what future is that?
theverge.com
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Projects Leader . OSPOs UN_sustainability , Tech Innovator & Analyst Advisor, Digital Transformation, Strategy
1wVery informative