AI News & Insights: X's Privacy Shift, ChatGPT in Classrooms, and Microsoft's d-Matrix Backing
Stay at the forefront of technological advancements and gain valuable insights into the latest developments in the world of AI. In this week's edition, we dive into the transformative power of AI, from reshaping privacy policies to boosting virtual assistants. Get ready to explore the impact of AI across various industries, from privacy shifts to investment milestones.
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From X to Siri: A Journey Through AI Advancements
X's Privacy Policy Shift: Fueling AI Advancements with Your Data
X's updated privacy policy now confirms that it will collect biometric data, job, and education history from its users to train its machine learning and AI models. The company also plans to use the information it collects and other publicly available information to help train its machine learning and AI models. This change has led to speculation that X owner Elon Musk intends to use X as a source of data for his AI company, xAI. Musk has previously stated that xAI would use public tweets to train its AI models.
ChatGPT's Educational Potential: OpenAI's Guide for Teachers
Open AI releases a guide for teachers who use ChatGPT in their classrooms. The guide includes suggested prompts, an explanation of how ChatGPT works and its limitations, the efficacy of AI detectors, and bias. Teachers use ChatGPT for role-playing challenging conversations, building quizzes, tests, and lesson plans from curriculum materials, reducing friction for non-English speakers, and teaching students about critical thinking.
AI-Powered Personal Assistants for All: A Vision by DeepMind Co-founder
According to Mustafa Suleyman, the co-founder of Google's AI Division DeepMind, within the next five years, everyone will have their own AI-powered personal assistant, which could serve as their "chief of staff". This technology will be cheaper and more widespread, making it accessible to all. Suleyman, who is now the CEO of Inflection AI, believes that AI will increase productivity and be able to "intimately know your personal information". The AI will be "super smart" and "understand your personal history". It will be able to reason over your day, help you prioritize your time, help you invent, and be much more creative.
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Siri Gets a Boost: Apple's Investment in Generative AI
Apple is investing heavily in Siri improvements with generative AI. The company is spending millions of dollars daily on research and development. The Foundational Models team, led by Ruoming Pang, is training advanced large-language models using a significant budget. Apple is planning to integrate these models into Siri to automate complex tasks using natural language. However, incorporating these models into Apple products has its challenges due to their size and complexity. The company could opt for smaller models for privacy reasons. In May, internal documents and anonymous sources revealed details of Apple's internal ban on ChatGPT-like technology and the plans for its large-language models.
Zoom Reinvents Itself with AI Companion and Real-time Feedback
To stay competitive in videoconferencing, Zoom is rebranding its AI features, including the AI assistant formerly known as Zoom IQ. This comes after controversy over changes to Zoom's terms of service that implied the use of customers' videos to train its AI tools and models. The new AI Companion includes a ChatGPT-like bot and real-time feedback on user presence in meetings, among other capabilities. The features will only be available to paying Zoom customers.
AI's Financial Frontier: Chips, Robots, and Anti-Money Laundering
d-Matrix Raises $110M: Microsoft Joins Investment in AI Chip Innovation
AI chipmaker d-Matrix has raised $110M in a series B funding round. Microsoft Corp was among the heavyweight investors that supported the round, which was led by Singapore-based Temasek and included participation from US-based investment firm Playground Global and Palo Alto. Last year, Playground also invested in the company's series A funding round. The Silicon Valley-based startup has been gaining recognition for its innovative chip designs, which focus on enhancing the "inference" aspect of AI processing. Its digital in-memory computing technology significantly bolsters AI code execution efficiency while reducing energy consumption. The company projects revenue of $75M in 2025.
AI Pioneer Mujin Secures $85M to Fuel Industrial Automation
Robot software firm Mujin has raised $85 million in a Series C funding round led by SBI Investment, bringing their total funding to $150 million. Mujin develops AI-based software for industrial automation, to improve productivity and safety in manufacturing and logistics. The company's software platform, MujinController, allows users to deploy and automate various applications for industrial robots at a lower cost. The platform is already being used by multiple partners, including robot manufacturers like ABB, Fanuc, KUKA, Yaskawa, Universal Robots, and Kawasaki. The company plans to use the funds to develop advanced solutions and applications to meet evolving market demands and expand its reach to new markets and customers across the globe.
Israeli Startup ThetaRay's $57M Win in the AML Arena
ThetaRay, an Israeli startup that has built an AI-powered anti-money-laundering platform for banks and other financial institutions, has raised $57 million. The company's platform automatically scans and identifies illicit transaction activity. Its customers include Santander Bank and Travelex, among others. ThetaRay is aiming to continue growing the business and increase its customer base. The startup estimates that the bigger market for AML tools is worth $9 billion. ThetaRay's CEO, Peter Reynolds, said that the funding gives the company a few years of runway to scale the business and carry along its existing growth vectors of fintech and the corporate payment space. The company has raised around $160 million to date, with previous backers including General Electric, Alibaba, PwC, and SVB Financial.
Thanks for joining us in this week's Frontnow - AI Insights! We've journeyed through the world of AI, from privacy shifts to Siri's generative AI boost and Microsoft's investment in d-Matrix's AI chip innovation. As AI continues to reshape our world, stay tuned for more transformative updates next week. Keep exploring, innovating, and shaping the future with us. Until next week!