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AI fake image causes stock market turmoil

A fake image of an explosion near the Pentagon goes viral resulting in US stock markets to drop [1]

Intel provides details on their future AI chips

英特尔 that is lagging its competitors 英伟达 and AMD within AI infrstructure has provided new details on their chips for AI targeted to be introduced in 2025. Intel also is shifting its strategy to catch-up with Nvidia and AMD.[2]

ChatGPT competitor Anthropic raised $450 million

Despite the slowdown in Venture funding, Google / Alphabet backed AI startup Anthropic that is working on the AI called “Claude” has managed to raise the largest AI funding round since 微软 's investment into OpenAI . Anthropic was started in 2021 by former OpenAI research execs.[3]

IBM announced $100 Million quantum research project to build 100,000 qubits supercomputer

IBM , in collaboration with the University of Tokyo and the University of Chicago, announced a $100 million quantum research project to build a quantum-centric supercomputer powered by 100,000 qubits. 谷歌 will also provide a fund of $50 million towards the initiative and access to its quantum computing hardware. [4]

JP Morgan is developing AI for investment advice

As part of their larger AI ambitions to deliver $1 Billion in business value through AI, JP Morgan is developing a ChatGPT like service that will provide investment advice to customers. [5]

Microsoft introduced analytics platform services called “Fabric”

MS Fabric, 微软 ’s new MS Azure offering unites data management, analytics and AI / machine learning suites into an single end-to end offering on top of their OneLake data lake solution. Customers can now store a single copy of data across applications and process it with multiple solutions.[6]

Adobe introduced their Photoshop AI plugin(s)

Adobe introduced its generative AI tools that include Adobe Firefly and generative fill. [7 - multiple sources see below]

Microsoft Build 2023

How #chatgpt like assistants are trained, AI Copilot for Windows 11 and #m365 , ChatGPT Browsing will use MS Bing as default search engine. [8 - multiple sources see below]

EU Google AI Pact / OpenAI threatening to block ChatGPT for EU users and then making an U-Turn

Before the final version of the EU AI Act goes for plenary adoption, the last stage of the legislative process, Alphabet Inc. is working with the European Commission to develop an voluntary AI pact involving EU and non-EU companies. [9]

Also ahead of the EU AI Act becoming law, OpenAI CEO Sam Altman said that the company might have to block EU user if it becomes too hard to comply but backtracked from this statement later the week. [10]

Microsoft’s fife-point blueprint for governing AI

Brad Smith , the President of 微软 , outlines a five-point plan to address potential risks and ethical considerations of AI and provides an overview of Microsoft's stance on AI regulation and governance.

The five points are:

Implement and build upon new government-led AI safety frameworks like National Institute of Standards and Technology (NIST)
Require safety breaks for AI systems that control critical infrastructure
Develop a broad legal and regulatory framework based on the technology architecture for AI
Promote transparency and ensure academic and nonprofit access to AI
Pursue new public-private partnerships to use AI as an effective tool to address the inevitable societal challenges that come with new technology

[11]

Nvidia’s market capital now near $1 Trillion

英伟达 ’s market capital is now near one trillion dollar after surging 26% on one day last week ($963B close Friday). The PE Ratio is similarly sky high at 222.55 with the stock price up more than 165% since beginning of this year. 英伟达 ’s and AMD ’s stock are also among the most overbought stocks on the US stock markets. [12]

Google is starting new generative AI search beta

谷歌 has earlier this month launched the latest version of their LLM called PaLM-2 [13] and is now starting a beta with new generative AI capabilities integrated into search. [14]