💠Inflection Raises $1.3b, Elon Musk Takes a Stand Against AI Bots 👀

Hello vTeamers, and welcome to our AI fast-paced ride. Secure your seat belts as we explore:

📈Trend Elon Musk Imposes Tweet Restrictions, Blaming AI Bots

👩‍🔬Research CLIPA-v2: 81.1% Zero-shot ImageNet accuracy with $10,000 budget; $4,000 for 81.8% accuracy

💵Investment Inflection secures $1.3B in funding and ranks among top AI fundraisers

💁Tips & Tricks 5 useful plugins to use with ChatGPT 

👻AI Fun ChatGPT vs human

📖 Read time: 5 minutes

So let the journey begins. 🚀🚀🚀

TREND📈

Google has revised its privacy policy, explicitly stating its ability to utilize virtually any online content for the advancement of its AI tools. The data collected will be used to enhance existing services, develop new products and technologies, and train AI models. This change challenges traditional notions of online privacy, as any public post on the internet could potentially be used by Google.

Legal and copyright concerns arise, with uncertainty surrounding the legality of this practice and its impact on data ownership. Platforms like Twitter and Reddit have responded by restricting API access, resulting in controversies and disruptions.

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Elon Musk has caused a stir on Twitter by implementing limitations on the number of tweets users can read, attributing the decision to AI companies excessively scraping the platform for data. The current restrictions stand:

• 600 posts per day for unverified accounts,

• 300 posts per day for new unverified accounts,

• 6,000 posts per day for verified accounts. 

Musk previously banned ChatGPT from scraping Twitter data, hinting at a broader shift in his approach to controlling and monetizing access to data. Some speculate that he might be playfully experimenting, while others view it as a strategic move.

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San Francisco-based startup Infisical has raised $2.8 million in a seed funding round led by Google's Gradient Ventures. Infisical offers a holistic secret-management platform to help companies centralize their authentication credentials and sensitive data. The platform includes a dashboard, client SDKs, native integrations, secret versioning, audit logs, and secret scanning. While the core functionality is available under the MIT license, enterprise-grade features are offered under a proprietary license.

The company aims to simplify secret management for general developers and differentiate itself from existing solutions like Vault by HashiCorp. Companies should pay attention to effective secret management to prevent security breaches and unauthorized access to sensitive information.

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RESEARCH 👩‍🔬

CLIPA-v2: Scaling CLIP Training with 81.1% Zero-shot ImageNet Accuracy within a $10,000 Budget; An Extra $4,000 Unlocks 81.8% Accuracy

From abstract: Our results are exciting — by only allocating a budget of $10,000, our CLIP model achieves an impressive zeroshot ImageNet accuracy of 81.1%, surpassing the prior best CLIP model (from OpenCLIP, 80.1%) by 1.0% and meanwhile reducing the computational cost by ∼39×. Moreover, with an additional investment of $4,000, we can further elevate the zero-shot ImageNet accuracy to 81.8%.

Read the full paper here 📖

Generative AI for Programming Education: Benchmarking ChatGPT, GPT-4, and Human Tutors

From abstract: Our results show that GPT-4 drastically outperforms ChatGPT (based on GPT-3.5) and comes close to human tutors’ performance for several scenarios. These results also highlight settings where GPT-4 still struggles, providing exciting future directions on developing techniques to improve the performance of these models.

Read the full paper here 📖

INVESTMENT 💵

Inflection AI, Led by Ex-DeepMind Leader, Raises $1.3 Billion with Backing from Microsoft, Nvidia, and Tech Billionaires

Artificial intelligence startup Inflection AI, founded by former DeepMind leader Mustafa Suleyman, has secured $1.3 billion in funding from investors including Microsoft, Nvidia, Reid Hoffman, Bill Gates, and Eric Schmidt. The Palo Alto-based company, just over a year old, is now valued at $4 billion and claims to possess the world's best AI hardware setup.

Inflection's chatbot, Pi, launched in May and has garnered significant engagement. The funding will further enhance computing capabilities, develop new features for Pi, and pave the way for the introduction of an API for partner training of conversational AI.

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South Korean mobile giant KT has announced its plan to invest $5.3 billion over the next five years in AI service research and development. With a goal to surpass $764 million in annual sales from AI businesses by 2025, KT aims to strengthen its AI competitiveness and secure future growth engines. The company's strategy includes focusing on AI-driven robots, care, education, contact centers, and logistics businesses. KT plans to develop "super-giant AI technology" and upgrade its infrastructure to elevate its AI business's competitiveness.

The AI sector is projected to be worth $15.7 trillion by 2030, attracting investments from major players like Amazon, Microsoft, Adobe, and Zoom. KT aims to lead as an "AI robot service provider," expand its AI care services, partner with Singtel in Singapore for an AI transportation platform, and commercialize AI care services in Vietnam. The company's education initiative involves the "AI Future Education Platform" to foster digital innovation in education. KT's strategic moves highlight its commitment to advancing AI across various sectors and securing a prominent position in the global AI landscape.

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In a groundbreaking move, Databricks has acquired MosaicML, a leading player in large-scale neural network training and inference, for a whopping $1.3 billion. This acquisition signals Databricks' ambitious plans to establish a new generative AI platform. With a price tag of approximately $21 million per employee, Databricks is showing its commitment to aggressively acquiring generative AI startups.

MosaicML has garnered attention for its expertise in generative AI infrastructure, model training, and deployment. The company's focus on democratizing AI by enabling the development of custom models tailored to individual users' data and creativity sets it apart from generic alternatives. By joining forces, Databricks and MosaicML aim to accelerate the creation of unique AI models, potentially revolutionizing the generative AI landscape.

Venture capitalist Matt Turck emphasizes the significance of this deal, noting that the price per employee reflects the escalating demand for generative AI startups. The collaboration between Databricks and MosaicML holds the promise of unlocking a wave of customized AI models, ushering in a new era of innovation in the field.

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Generative AI Startup Typeface Secures $100 Million, Reaches $1 Billion Valuation with Support from Salesforce and Google

San Francisco-based generative AI platform Typeface has raised $100 million in a Series B funding round led by Salesforce Ventures, pushing its valuation to $1 billion. Typeface offers a generative AI creation platform for businesses and aims to remove barriers for enterprises to leverage generative AI.

The funds will be used to drive growth, innovation, and scale its platform. Typeface integrates technologies such as OpenAI's GPT-4, Stable Diffusion, Google Vertex AI, and Microsoft Azure AI. McKinsey predicts that generative AI has the potential to contribute trillions of dollars annually across various industries.

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AI video startup Runway AI raises $141 million in a funding round led by Google, Nvidia, and Salesforce.

The New York-based company, known for its text-to-video technology, has raised a total of $237 million in funding since its founding in 2018. The latest funding will support research and development efforts to enhance model generation and controllability. Runway's newest product, Runway ML Gen-2, generates short videos based on written text. Investors are drawn to generative AI startups, recognizing the potential in content creation. The recent funding wave in AI also includes Inflection AI's $1.3 billion investment, indicating the growing interest in the sector.

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Unleashing the Power of ChatGPT: Meet the Supercharged Plugins Taking the AI Chatbot World by Storm!

ChatGPT Plugins are software add-ons that extend the capabilities of the AI chatbot, enabling integration with other applications. These plugins offer features like accessing scientific literature, processing web pages and documents, performing calculations, and searching social media.

Some notable plugins include:

• ScholarAI for scientific literature summaries,

• Link Reader for content summaries and questions,

• Wolfram Alpha for mathematical problem-solving,

• Social Search for social media insights,

• DeFiLlama for real-time blockchain data.

Users should verify the information provided by plugins due to the ongoing challenge of AI hallucination. With over 400 plugins available, the potential for workplace productivity and various use cases is vast.

Read the full article here 📖

AI FUN 👻

That was a fun ride, see y'all at the next stop 🙂