This Week in Generative AI - 24 to 30 June

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.

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.

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.

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 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.