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Xi Jinping meets Bill Gates and welcomes US AI tech in China
⚡ Today’s Highlights
📰 News: Xi Jinping welcomes US AI tech in China
💰 Funding: WAVs AI, Reask, and Refuel AI
🦾 Tools: Check out this state-of-the-art generative speech system from Meta AI
📰 Today's Top Stories
(4 min read) (Source: Reuters)
TLDR: Chinese President Xi Jinping discussed the global rise of artificial intelligence with Bill Gates and expressed support for U.S. firms, including Microsoft, bringing their AI technology to China.
Xi emphasized the importance of seizing opportunities for AI-driven economic development but also acknowledged the risks associated with the technology, as China considers new laws and regulations for AI.
The meeting between Xi and Gates occurred amidst strained U.S.-China relations, with AI being a significant point of contention, as the U.S. has imposed export controls on China's AI development and China has implemented restrictions on foreign businesses and sales.
(7 min read) (Source: Reuters)
TLDR: Demand for high-end AI chips, particularly Nvidia's A100 and H100, has surged in China despite U.S. export restrictions, creating an underground market where vendors discreetly sell the chips at inflated prices.
Chinese buyers, including app developers, startups, researchers, and gamers, are seeking these chips to fuel their AI projects, while some Chinese local authorities are also reported to be buyers.
Vendors in China acquire the chips through various means, such as buying excess stock from U.S. firms or importing them through companies incorporated in other countries. While the quantities obtained are limited, they are sufficient for running complex machine-learning tasks and enhancing existing AI models.
However, the future of this market remains uncertain as the premiums commanded by Chinese vendors could collapse if Chinese AI startups, which are currently driving the purchases, withdraw from the market based on the unstable economic and geopolitical landscape.
(14 min read) (Source: The Wall Street Journal)
TLDR: Despite the fantastic year Meta has been having so far, the company is still struggling to catch up to its competitors in the field of AI after years of prioritizing academic research over commercialization. The company is now refocusing its efforts on developing AI products, including chatbots, as it faces departures of top AI employees and increasing competition from AI startups.
Meta's CEO, Mark Zuckerberg, and other executives have taken more control of the company's AI strategy and created a new generative AI group that aims to infuse AI models into all of Meta's products. However, the company has faced challenges in hardware allocation and attracting top talent due to its emphasis on research over product development.
The Big Picture: The success of Meta's AI efforts is crucial for its long-term growth and relevance. If the company can effectively commercialize its AI technology, it could boost user engagement, improve the metaverse, and appeal to younger users. However, falling behind in AI has made Meta appear slow compared to agile competitors and AI startups.
(2 min read) (Source: Reuters)
TLDR: FIFA and FIFPRO have collaborated to introduce the Social Media Protection Service (SMPS) at the 2023 Women's World Cup. This service monitors and moderates social media platforms to combat hate speech and protect players from online abuse.
The SMPS was previously implemented at the Men's World Cup in Qatar, where it identified approximately 20,000 abusive and discriminatory posts across various social media platforms.
By offering the SMPS to teams at the Women's World Cup, FIFA aims to create a safer online environment for players and take appropriate actions against those responsible for online discrimination.
💰 Funding Alerts
1. WAVs AI, an AI music streaming platform, got a strategic investment of $20 million from Regal Investments.
WAVs AI utilizes AI to offer personalized music creations, curated playlists, and seamless music discovery.
With this funding, WAVs AI plans to accelerate its growth, expand its platform's reach globally, strike deals with artists and record labels, and establish itself as a dominant force in the music streaming industry.
2. Reask, a provider of high-resolution weather risk analytics and forecasting, raised a total of $6.55 million in funding, with a recent $4.6 million seed round co-led by Mastry Ventures (Sam Landman, General Partner) and Collaborative Fund (Guy Vidra, Partner), along with participation from Macdoch Ventures, Tencent, SV Angel, and Hawktail.
Reask uses AI to calculate the severity and frequency of extreme weather events globally.
Reask plans to utilize the funds to expand hazard coverage, grow its international team, and better serve customers in emerging markets. The focus will be on improving weather catastrophe forecasting, particularly for tropical cyclones, which pose a significant risk to organizations worldwide.
3. Refuel AI, a company automating dataset creation and labeling for AI projects, raised $5.2 million in seed funding, co-led by General Catalyst and XYZ Ventures.
Refuel's platform, utilizing LLMs like GPT-4 + Vision Transformers, along with its open-source library, AutoLabel, speedup the dataset creation and labeling process. It has garnered interest from various industries, including social media, fintech, healthcare, HR, and ecommerce.
The company plans to use the funding to expand its engineering team, enhance its platform's capabilities, and prepare for a commercial launch by the end of July. They aim to address the challenge of data labeling, allowing companies to quickly obtain high-quality, labeled datasets to train their AI models.
🦾 Trending Tools
Voicebox is a new generative speech system from Meta AI. Powered by Flow Matching, it synthesizes high-quality audio from multiple languages, performs noise removal, helps edit content, transfers between audio styles, and provides diverse sample generation. This showcases state-of-the-art performance and the latest in speech generation research + tech.
Project Atlas Agents, by Cheat Layer, is a new no-code platform for managing autonomous AI agents. Build custom solutions with AI powered software engineering agents, from apps to games, all without coding.
LongShot AI offers a suite of powerful generative AI tools for creating factual, source-based, and up-to-date content. Ensure accuracy and credibility in your content with claim detection, fact-checking, and access to reputable sources. Great for industries like journalism, finance, legal, research, tech, academia, health, and more.
Olvy 2.0 is an AI-powered feedback management software designed to streamline the complete feedback loop for product teams. Integrate with Slack, Zendesk, and Intercom, and bring all user feedback into one place. With AI-powered analysis, seamless replies, and complete context sharing make it easy collect, analyze, and reply to user feedback effortlessly.
FixMyCode with AI, by UserWay.org, is a coding assistant to help with digital accessibility and ADA compliance. Interact conversationally or feed it code, and it outputs accessible code while explaining the necessary changes. Make your end-user experiences more inclusive and usable.
👀 More Reading:
Congress is racing to regulate AI. Silicon Valley is eager to teach them how. (The Washington Post)
U.S. Grapples With Potential Threats From Chinese AI (The Wall Street Journal)
🌎 Fresh Content
1. Bloomberg published an interview with Mira Murati, OpenAI’s CTO and the architect behind ChatGPT. The Circuit’s Emily Chang sat down with the tech exec to discuss the benefits and risks that AI poses for humanity and what the future might hold for it. She also spoke with LinkedIn cofounder and OpenAI investor Reid Hoffman about the early days of OpenAI and how investments are being used at the company. (YouTube)
2. Language translation is one of the main fields in which AI shows immense potential but has yet to reach the level of human translators. It seems that human translators better convey essential aspects of speech such as inflection and emotion than an AI. WIRED put this theory to the test by pitting an AI translator against professional human translators. (YouTube)
Tap into the transformative power of 3D printing in manufacturing with the help of ChatGPT. This prompt will aid you in formulating a cutting-edge plan for integrating 3D printing technology into your production lines, fostering rapid prototyping and lean manufacturing. Tailor the prompts with specific details about your business, and embark on a journey that could revolutionize your manufacturing processes and elevate your business to new heights.
3D Printing Manufacturing
Prompt: "ChatGPT, I need you to take on the role of a manufacturing innovation consultant. Can you help me craft a strategic plan to incorporate 3D printing technology into our existing manufacturing operations? I'd like to understand the steps involved in transitioning and how it can enable rapid prototyping and more efficient production. When you are ready, please confirm by saying 'Ready to revolutionize manufacturing' and proceed to ask me for the information you need to create the plan."