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OpenAI is staying private to maintain control over its AI tech
⚡ Today’s Highlights
📰 News: OpenAI is staying private to maintain control over its AI tech
💰 Funding: Instabase, Mend, LlamaIndex, and Spectrm
🦾 Tools: Automate your workflows and tailor them using your own data with AI
📅 Events: Data Science Salon NYC is happening today and tomorrow!
📰 Today's Top Stories
(4 min read) (Source: Bloomberg)
TLDR: OpenAI CEO Sam Altman noted recently that the company has no plans to go public in order to maintain full control over the technology, especially as the development of superintelligence may lead to unconventional decisions that public market investors would find strange.
In a (since leaked) closed-door meeting with potential customers and competitors, Altman also reassured developers that OpenAI will not roll out more consumer-facing products beyond ChatGPT, addressing concerns that the company may compete with its own customers.
One such customer, Jasper, has already noted that it faced challenges after the release of free copyediting assistance with ChatGPT and had to adapt by adding new features and acquiring a browser-extension company to differentiate its value proposition.
The course Altman charts for the business development and successful monetization of OpenAI remain unclear right now as the company’s LLMs are integrated into hundreds of apps, providing developers with a powerful tool to enhance productivity. OpenAI notes that its current focus is on improving the reliability and speed of its API, but the shortage of GPUs is causing delays in their short-term plans.
(10 min read) (Source: TechCrunch)
TLDR: The European Union is urging signatories to its Code of Practice on Online Disinformation to label deepfakes and other AI-generated content, emphasizing the need for technology to recognize and clearly mark AI content to users.
The EU sees two main discussion angles for addressing AI-generated content in the Code: ensuring services integrating generative AI have necessary safeguards against disinformation and requiring platforms with the potential to disseminate AI-generated disinformation to implement technology for content recognition and labeling.
The EU commissioner highlighted the importance of clear and fast labeling for deepfakes and AI-generated content, allowing users to immediately recognize machine-generated content. The Commission also expects signatories to report on measures taken to prevent the misuse of generative AI for disinformation in July.
(6 min read) (Source: Cohere)
TLDR: Aya is an ongoing collaborative open science project led by Cohere For AI that aims to build a state-of-the-art multilingual language model using instruction tuning and contributions from people worldwide.
The project addresses the unequal treatment of languages in natural language processing due to the dominance of English in training data and the limited access to compute resources for under-represented languages.
Aya invites participation from individuals passionate about advancing natural language processing, regardless of AI expertise. The project will host continent-specific sprints to foster collaboration and make a significant impact on language representation, with support from a global community of researchers, engineers, linguists, and lifelong learners. Sign up here.
💰 Funding Alerts
1. Instabase, a startup providing apps platform for understanding and analyzing "unstructured" data, raised $45 million in a Series C round led by Tribe Capital, with participation from Andreessen Horowitz (Martin Casado, general partner), New Enterprise Associates, and Spark Capital.
Instabase aims to enable customers to create AI-powered apps and workflows without the need to individually train models for each document type, streamlining the process and improving efficiency.
Instabase plans to increase its investment in generative AI and incorporate tools derived from OpenAI's large language models to enhance its existing business.
2. mend, a life sciences and digital health company, raised $15 million in a Series A funding round led by S2G Ventures (Dan Ripma, Vice President), with participation from iSelect Fund, Touchdown Ventures, Colorcon Ventures, Keen Growth Capital, Genhen Capital, Alumni Ventures, and others.
mend offers nutrapharma products backed by clinical research and recognized by the medical community. They provide one-on-one coaching powered by AI to improve patient outcomes.
The company plans to use the funds to execute existing provider contracts, expand their program nationwide, and invest in research and development to enhance their technology platform, nutrapharma products, and clinical services.
3. LlamaIndex, a data framework for LLMs, has raised $8.5 million in seed funding led by Greylock (Jerry Chen, Saam Motamedi, Jason Risch), with participation from angel investors including Jack Altman, Lenny Rachitsky, Mathilde Collin, Raquel Urtasun, Joseph Gonzalez, Dan Shipper, Ben Tossell and others.
The company plans to use the funds to develop an enterprise offering on top of its open source toolkit. The toolkit enables easy and optimized use of LLMs with various data sources and includes data ingestion, indexing, and query capabilities.
4. Spectrm, a conversational marketing platform, raised $6.5 million in funding in a round led by 3TS Capital Partners (Sever Totia, Partner), with participation from existing investors including LHV Global, BDMI, North Base Media, and Jens Schumann.
Spectrm, empowers brands to automate personalized, real-time conversations with customers on search, social, and display platforms using AI-powered chatbots.
With the funding, Spectrm aims to make one-to-one customer conversations at scale available to marketing teams at global brands. They plan to strengthen their leadership position in brand-ready AI tools, enhance integration with CRM systems, and support their mission of building lifelong customer relationships through personalized conversational experiences.
🦾 Trending Tools
Argil is a no-code platform that empowers users to create AI automations tailored to their data. Train the AI on your data, experiment effortlessly, and scale with workflows and integration in just a few clicks.
Intelogos helps unlock the power of people analytics and AI-driven performance management. Streamline feedback processes and harness the power of data to drive team growth.
Aleph Alpha, an AI research and application company, presents Luminous—a cutting-edge AI language model. Explore the power of Luminous in working with text and images across various tasks, revolutionizing the field of AI.
Sivi AI is a generative AI design platform that transforms text into stunning visual designs in just 2 minutes. Create unique designs in your preferred language and dimension, and easily customize and edit them.
Label Studio is an open-source platform for data labeling, fine-tuning LLMs, and preparing training data. Empower data scientists to build accurate AI models with flexible annotation tools. (Built by Heartex)
👀 More Reading:
Why AI Will Save the World (Andreessen Horowitz)
All Screens or No Screens? (The Atlantic)
Managing the Risks of Generative AI (Harvard Business Review)
Lose your heart to the first love machine (The Times)
🌎 Fresh Content
1. Apple CEO Tim Cook shared some of his thoughts and concerns on the current state of AI with Good Morning America, following yesterday's announcements at WWDC 2023. (YouTube)
2. Python Programmer showcased Google’s new free AI course. He goes over the many detailed modules and highlights why it’s a great introduction to key concepts in AI such as LLMs diffusion models. (YouTube)
📅 Upcoming Events
Don’t miss Data Science Salon NYC (June 7-8, 2023 / New York, NY, USA + Virtual), the annual one-day 150-person conferences focused on AI and machine learning applications in finance & technology (June 7) and media & advertising (June 8). Finance & Technology takes place at S&P Global Market Intelligence and Media & Advertising takes place at Blender Workspace in the heart of NoMad. The events bring local industry leaders and specialists face-to-face to educate each other on innovative solutions in artificial intelligence, machine learning, predictive analytics and acceptance around best practices. Register today to attend in-person or virtually!
The Open Data Science Conference 2023 (June 14-15, 2023 / Tobacco Dock, London, England + Virtual) helps you build job-ready skills and stay up-to-date with the latest advances in machine learning, NLP, LLMs, data analytics, responsible AI, and more with ODSC East’s expert-led, immersive, training sessions. With 300 hours of content, the conference features a wide range of sessions for data scientists at every level, from beginner to expert.
Make the most of ChatGPT's abilities to boost your remote team's collaboration and engagement. These prompts will guide you in creating effective virtual team-building activities tailored to your team, enhancing collaboration and building a stronger remote work culture.
Remote Team Bonding Advisor
ChatGPT will function as a team-building consultant, offering engaging and effective virtual team-building activities tailored to your remote team to foster a collaborative culture.
Prompt: "As a team building consultant, ChatGPT, I need your expertise in crafting five unique virtual team building exercises. These activities should be geared towards my remote team and aim to foster a strong sense of teamwork and cooperation. Begin by asking some questions to understand the nature of my team, their roles, and their interests, and then suggest the activities. Let's start whenever you're ready."