🧙🏼♂️ Lore AI Newsletter #13
As we break into 2023, AI news is already starting to heat up with word that Microsoft is in talks to acquire 49% of OpenAI, the creators of ChatGPT. We're expecting 2023 to be the year of major AI announcements and acquisitions as companies realize that AI strategy will be the key differentiator for the future.
We have a lot to cover today.
In today's issue:
- 💡MOST INNOVATIVE PRODUCT: You.com
- 🎨 CREATIVE REALITY STUDIO by D-ID (sponsored)
- 📰 AI NEWS: Microsoft explores $10B investment in OpenAI, OpenAI builds ChatGPT-powered iOS app, Google AI Introduces Muse, UK Government launches £7M freight tech fund
- 💰WHO GOT FUNDING THIS WEEK: Worlds Enterprises, Profet AI, Qritive, Poly, Volta Medical, Tredence, MindPeers, Citrine Informatics, Mendoza Ventures, Perspectum, Rapid Silicon
- 🤯 COOLEST THING: AI + AR Shopping Experiment
- 🧠THINGS WE LEARNED: Getting reading for AI regulation, Maybe using an AI legal chatbot in the US Supreme Court, Schools are blocking ChatGPT
💡MOST INNOVATIVE PRODUCT
With the global popularity of ChatGPT, this week we're featuring another search engine with AI woven into its core — You.com.
Some say it's better than Google — it's definitely different, and allows you to search in new ways and with more options than traditional search engines.
You.com built its product to be centered around you, the user. It aims to save you time by showing the right content quicker, and displaying information in a way that allows comparison at a glance, without having to open individual links.
- Standard industry features including search, images, videos, news, and maps
- Built in AI-powered chatbot, image generator and text generator
- Search tools for code, study and social
- Additional customization options
Creative Reality™ Studio
by D-ID Try it
🚩 Sponsor spotlight 🚩
D-ID recently launched the Creative Reality™ Studio, a self-service platform that lets you create videos of moving and talking avatars using Generative AI tools — Stable Diffusion, GPT-3, and D-ID’s unique facial animation technology.
With D-ID's platform, you can add custom-made videos generated from images and text to your presentations, corporate communications, or social media content.
- Upload and animate any image of a face
- Text-to-speech capabilities in 120+ languages
- Script generation by GPT-3
- Integration with PowerPoint
- Upload a voice recording
- Monthly plans start from $5.99
- API access for Enterprise clients
✨ D-ID is giving LORE readers a 20% discount off the first month's subscription. Use the code LOREFRIENDS20 to take advantage of this offer ✨
What people are saying
Microsoft explores $10B investment in OpenAI, OpenAI builds ChatGPT-powered iOS app, Google AI Introduces Muse, UK Government launches £7M freight tech fund
Microsoft explores $10B investment in OpenAI
OpenAI is building a ChatGPT-powered iOS app, with an iMessage-like interface
Google AI Introduces Muse, says its better than DALL-E 2
Google has announced a new text-to-image generation/editing model that it says is quicker than competing methods because it uses parallel decoding and a compact, discrete latent space.
Compared to pixel-space diffusion models, such as Imagen and DALL-E 2, Muse is significantly more efficient due to the use of discrete tokens and requiring fewer sampling iterations; compared to autoregressive models, such as Parti, Muse is more efficient due to the use of parallel decoding. — Google Muse AI team
UK Government launches £7M freight tech fund
The UK government has made £7M in funding available to businesses developing technologies that decarbonize the freight sector by incorporating technology such as artificial intelligence. According to the report, up to 36 SMEs will receive a share of the funding from the freight innovation fund in the next three years.
“This fund will accelerate new ideas and technologies, helping to develop a future pipeline of innovations that can be rolled out to create jobs and allow everyone to get their goods faster and easier,” said Richard Holden, roads minister.
Who got funding this week
- Worlds Enterprises raised $21M to create 4D infrastructure for building the Industrial Metaverse.
- Profet AI raised $5.6M to develop no-code AI/ML solutions purpose-built for manufacturers in a range of industries.
- Qritive raised $7.5M to improve digital pathology for cancer diagnosis.
- Poly raised $4M to build Generative AI tools for designers to create customizable, HD design assets.
- Volta Medical raised €36M for its AI software for cardiac ablation.
- Tredence raised $175M for data science and AI solutions.
- MindPeers raised $500,000 for its gamified mental fitness platform.
- Citrine Informatics raised $16M to create AI software for materials, chemicals, and manufactured product development.
- Mendoza Ventures raised $100M for its venture fund to invest in early growth stage startups in AI, fintech and cybersecurity.
- Perspectum raised $36M for its AI-powered advanced imaging technology.
- Rapid Silicon raised $30M to provide AI and intelligent edge-focused FPGAs based on open-source technology.
Further reading on funding for AI startups
- A New Area of AI Booms, Even Amid the Tech Gloom — read article
- 2022 saw a historic decline in VC funding — read article
- Funding Winter is Here for AI Startups, But Hope Looms Large — read article
🤯 COOLEST THING
AI + AR Shopping Experiment
The future of ecommerce?
A wicked cool combination of genAI and Augmented Reality hints at what the future of online shopping could look like.
It's quite likely that the next generation won't be satisfied with flat, single-angle product images on a screen — they'll want to experience products first-hand in augmented reality before making that purchase decision.
What else we found this week
An AI voice synthesizer created by Microsoft
Picsart’s SketchAI turns outlines into digital art
Neuro Sama, the first entirely AI VTuber that uses AI to play Minecraft and chat with viewers.
🧠THINGS WE LEARNED
Getting reading for AI regulation, Maybe using an AI legal chatbot in the US Supreme Court, Schools are blocking ChatGPT
🥋 Prompt Tip of the Week: Combining images using Midjourney, shared by Guy Parsons
A new system of AI regulation is coming to the UK
UK-based firms working with Artificial Intelligence systems should start to prepare for regulatory compliance in line with upcoming legislation.
In July 2022, the UK government proposed six cross-sector principles that will form the basis of the regulatory framework. Notably, the UK's approach is quite different to the planned AI Act of the EU.
Here's what firms should start to think about in the meantime:
- Ensuring AI is used safely
- Ensuring AI is technically secure and functions as designed
- Make sure that AI is appropriately transparent and explainable
- Embed considerations of fairness into AI
- Define legal persons responsible for AI governance
- Clarify routes to redress responsibility
Lawtech entrepreneur offers $1M to anyone who uses his AI chatbot in US Supreme Court
Joshua Browder is so confident in his legal AI chatbot that he is offering $1 million to any lawyer or person who wears AirPods during a US Supreme Court case and repeats everything the robot lawyer says.
The "robot lawyer" will already be the first of its kind to help a defendant fight a traffic ticket in court next month.
Schools are blocking ChatGPT
New York City schools are blocking ChatGPT to stop students generating essays.
Australian universities are returning to ‘pen and paper’ exams after students were also caught using AI to write essays.
All this comes amid widespread concern across academia that AI-written texts are becoming increasingly difficult to detect.
Further Study 📖
Industry / General
- Microsoft's investment into ChatGPT's creator may be the smartest $1 billion ever spent — read article
- The Implications of ChatGPT and AI Models on Fintech and Banking — read article
- War in Europe Draws Investors to Drone, Battlefield AI Makers — read article
- Can Drones And Artificial Intelligence Keep Us Safe From Sharks? — read article
- Canadian AI management firm announces AI governance solutions to enable board oversight — read article
- Newly Appointed Appen CEO and President To Accelerate Next Wave of Enterprise AI Adoption — read article
- With Imminent Recession, AI Looking to Bring New Perspectives — read article
- Top 10 Mind-Blowing Free AI Tools that Anyone can Use in 2023 — read article
- LatAm Tech Weekly: AI Will Be the Main Trend for 2023 — read article
- AI Companies to Watch for in 2023 — read article
- Three Key AI Trends to Watch in 2023 — read article
- NSFW: Kickstarter bans AI porn campaign group that raised $56K — read article
- Opportunities in the Artificial Intelligence in Drug Discovery Market Investor Report: Increased R&D Productivity Drives Adoption — read article
- AI In Healthcare: A Conversation With Jack Stoddard, CEO, Patina — read article
Business & Marketing
- How To Improve ROI For Your Marketing Efforts With AI — read article
- How is artificial intelligence helping businesses to scale? — read article
M&A and B2B
- BioNTech to acquire British AI start-up InstaDeep for about £562m — read article
- Snowflake to acquire Myst AI to provide time series forecasting — read article
- Blume Ventures-Backed Servify Acquires AI Startup Jubi.ai — read article
- Actyv.ai and Ratnaafin Partner on B2B Buy Now, Pay Later — read article
- Google backs Indian agritech startup Cropin in its Rs 113 cr funding — read article
- What Bear Market? Web3 Investments Soared in 2022, up $4.5B on Previous Year — read article
- AI developments boost iShares Robotics and Artificial Intelligence ETF — read article
- Artificial intelligence deep learning model for mapping wetlands yields 94% accuracy — read article
See you next week,
Nathan Lands & Michele du Toit
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