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This Week in Generative AI – 24 to 30 June

By June 30, 2023September 6th, 2023No Comments

Databricks Acquires MosaicML

  • Databricks has announced its acquisition of MosaicML, a leading generative AI platform, in a deal worth $1.3 billion.
  • The partnership aims to make generative AI accessible to all organizations, allowing them to build and secure their AI models using their data.
  • The move aligns with Databricks’ goal of democratizing AI and creating the best environment for building generative AI models.

Congress Imposes Generative Restrictions

  • The US Congress has imposed strict limitations on generative AI tools like ChatGPT to protect sensitive data and ensure responsible use.
  • Congressional employees can only use the paid ChatGPT Plus service for research and evaluation, manually activating privacy features to prevent data leakage.
  • The restrictions aim to prevent the misuse and use of AI-generated ads for political purposes.

Women’s Jobs Unequally Affected By AI Threat

  • According to new research, nearly 80% of women’s jobs are at risk of automation due to generative AI.
  • The disproportionate impact is attributed to the higher number of women in cognitive jobs, which are more easily automated.
  • Office administrative support roles are also expected to be significantly affected.

Capital Pours into Generative AI Startups

  • Generative AI startups, including Inflection AI, Runway AI, and Stability AI, have received significant funding as the demand for chatbots and image-generating AI grows.
  • Inflection AI raised $1.3 billion, bringing its total funding to $1.525 billion, while Runway AI secured $141 million.
  • However, Stability AI has reportedly raised $25 million through a convertible note from investors amid funding troubles.

Baidu Claims to have GPT 4 Beaten

  • Baidu claims that its chatbot Ernie Bot, powered by an AI-based language model, has surpassed OpenAI’s ChatGPT in tests conducted by China Science Daily.
  • Baidu’s Chief Technology Officer, Haifeng Wang, stated that Ernie 3.5 achieved significant enhancements in effectiveness and functionality, with over 50% improvement since its release.
  • The latest version also allows for the addition of plug-ins, including “Baidu Search,” to generate real-time information.