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Anthropic AI introduces Claude 2 + KPMG makes a $2 Billion AI decision
⚡ Today’s Highlights
📰 News: Anthropic AI, backed by Google, introduces Claude 2 + Microsoft announced a $2 billion AI partnership with KPMG
💰 Funding: Collective, Rocsys, Savvy, and Raft
🦾 Tools: This AI automation software helps you make the most of your customer base
📰 Today's Top Stories
(7 min read) (Source: Anthropic AI)
TLDR: Anthropic, the Google-backed AI startup, has expanded access to its chat program Claude, introducing an upgraded AI model called "Claude 2" that offers improved performance in tasks like computer coding and arithmetic.
The new model is designed to provide fewer offensive or dangerous responses compared to the previous version, and businesses can now launch products based on this technology, while consumers in the US and UK can engage in online chats with Claude.
Anthropic differentiates itself by enabling its system to process large amounts of content, reading up to 75,000 words at a time, which allows for thorough analysis of lengthy business documents. The company has also enhanced Claude's safety evaluation performance and is exploring multimodal systems.
The company has invested heavily in developing Claude 2, with a team of 30-35 people working on the AI model, and sees significant market demand for large language models. However, challenges remain in ensuring safety and addressing issues such as incorrect responses.
(3 min read) (Source: Axios)
TLDR: KPMG and Microsoft have announced a partnership to co-develop cloud and generative AI tools, with KPMG committing to invest at least $2 billion over the next five years.
The collaboration will impact all of KPMG's businesses, including audit, tax, and advisory, enabling them to develop products that leverage AI for improved efficiency and effectiveness.
KPMG's 265,000 global employees will receive training on AI and the new products, allowing them to leverage generative AI for tasks such as interpreting regulations and testing proposals. The market for generative AI enterprise applications is expected to reach $98 billion by 2026.
Shutterstock Expands Partnership with OpenAI, Signs New Six-Year Agreement to Provide High-Quality Training Data
(5 min read) (Source: Shutterstock)
TLDR: Shutterstock plans to expand its partnership with OpenAI, providing the startup with training data, including images, videos, music, and metadata, while gaining priority access to OpenAI's latest technology.
The partnership aims to bring generative AI capabilities to mobile users through Giphy, which Shutterstock recently acquired from Meta, and reinforces Shutterstock's commitment to AI tech innovation.
The relationship between stock content galleries and generative AI startups has been contentious, with concerns about copyright infringement. While some galleries have pursued legal action, Shutterstock has embraced generative AI and established partnerships with various companies to develop AI models and tools.
(4 min read) (Source: Reuters)
TLDR: Nasdaq is exploring the use of generative AI technology across different departments, with one unit running a hackathon to incorporate it into a product for fighting financial crime, while another division uses AI to address wire fraud.
Computer programmers are leveraging AI to suggest code for Nasdaq's business, and marketers are exploring the use of ChatGPT-style programs for drafting blogs. However, the legal team is more cautious about AI adoption, focusing on using it to summarize long documents.
💰 Funding Alerts
1. Collective, an online back-office platform designed for businesses-of-one, raised $50M in funding from investors including Gradient Ventures (Darian Shirazi, General Partner), Innovius Capital, The General Partnership, General Catalyst, QED, Expa, and Better Tomorrow Ventures.
Collective provides services such as business incorporation, accounting, bookkeeping, tax services, and access to a community. The company utilizes AI technologies like LLMs to build AI copilots that assist its team in streamlining processes and reducing time required for tasks.
Collective plans to use the investment to accelerate AI deployment, develop additional AI tools, scale its operations, and onboard the nearly 100,000 businesses on its waitlist.
2. Rocsys, a company that specializes in autonomous charging solutions for electric vehicles and equipment, raised $36M in a Series A funding round led by SEB Greentech Venture Capital (Mikko Huumo, Investment Manager), with participation from Graduate Entrepreneur, the European Investment Bank, and returning investor Forward.One (Frederik Gerner, Venture Partner).
The company uses a combination of soft robotics, AI-based computer vision, and data-driven services to create a reliable, efficient, and cost-effective charging experience.
With the funding, Rocsys plans to expand the capabilities of its platform and scale its operations in the United States and Europe.
Savvy's AI-powered platform uses browser extensions and pop-up alerts for just-in-time guardrails directly in the user workspace to analyze user behavior, identify potential risks, and offer suggestive guidance to enhance security practices.
The funds will be used to expand operations and business reach, allowing Savvy to further enhance its AI-driven Workforce Security Automation platform and strengthen its capabilities in mitigating SaaS security vulnerabilities.
4. Raft, an intelligent logistics platform applying AI to automate and optimize various aspects of freight forwarder operations, raised $30M in a Series B funding round led by Eight Roads (Michael Treskow, Partner), with participation from Bessemer Venture Partners, Episode 1, Dynamo Ventures, and Moguntia Capital.
Raft's platform integrates with clients' existing transportation management systems (TMS) and other tools to streamline workflows, automate processes, facilitate communication and collaboration, and provide improved reporting and visibility for effective logistics management.
With the newly secured funding, Raft plans to further develop and deploy its core automation products, enhance data collaboration within the logistics ecosystem, including emissions and visibility data, and expand its market presence.
🦾 Trending Tools
PhantomBuster is a lead generation automation software powered by AI. Discover your dream customers, write personalized messages, visualize + filter leads from a centralized dashboard, and automate LinkedIn outreach.
Opus Clip AI transforms long videos into viral shorts with a single click. This gen AI video editing tool leverages GPT-4 to analyze and curate the best moments, generate a virality score, and highlight keywords and emojis for maximum impact. Opus Clip is great for creators, marketers, and agencies looking to tell compelling stories and drive engagement across social media platforms.
Swimm AI is the smart way to document code. Generate code documentation effortlessly with AI-powered suggestions on structure and content. Stay up to date with auto-sync, ensuring accuracy in your documentation. Join the free open beta.
Alltum is a next-gen inbox built to transform project management. With AI-driven email summaries and drafting, seamless task assignment from emails, and a comprehensive view of linked items, Alltum streamlines workflows, foster collaboration, and enhances productivity for teams.
404 Error Hound is an AI-powered watchdog that sniffs out website errors and provides actionable insights. Say goodbye to 404 errors and hello to improved user experience and SEO. (Built by Baresquare)
👀 More Reading:
Exploring institutions for global AI governance (Google DeepMind)
To Get Better Customer Data, Build Feedback Loops into Your Products (Harvard Business Review)
AI plagiarism detectors falsely flag non-native English speakers (Popular Science)
My A.I. Writing Robot (The New Yorker)
🌎 Fresh Content
1. Leaders in the AI industry have been discussing the timeline for when superintelligence might come into existence a lot recently and it is quickly becoming evident that the world needs to plan for and regulate the creation of advanced AI systems immediately. AI Explained broke down what the landscape looks like at the moment and why it’s so important that we understand and prepare for superintelligent AI. (YouTube)
2. On the note of superintelligence, this TED Talk from Eliezer Yudkowsky, an AI expert and one of the leading voices calling for caution in the creation of AI systems, raises many of the reasons why a superintelligent AI system is something we should be extremely cautious of and why we need to start preparing now. (YouTube)
Utilize ChatGPT's capabilities to build a solid foundation for your business's financial decision-making. This prompt will guide you through the steps of creating a conceptual AI and data-driven system. The system aims to help your business make smarter financial choices based on market trends and predictive data. Tailor the process to your needs for more personalized advice.
Creating a Financial Decision Support System
Prompt: "ChatGPT, as a financial analyst, I need your help in conceptualizing an AI and data-driven system to aid financial decisions in my business, reflecting market trends and future predictions. Initiate by saying 'Ready to develop a financial decision approach.' Then, probe me for relevant information about my business and the financial aspects that require attention."