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Sunday Signal #20
The UK/US AI Regulation Move, NVIDIA's Hair Demo & Ashton Kutcher Raises $250M
Hey friends đ ,
Happy Sunday AI fanatics. This week includes global legislative moves, celebrity AI funding & AI-generated philosophy. Luckily, amidst the chaos, youâre reading Sunday Signal where I filter > 500 pieces of AI-related content and deliver them straight to your inbox. Let's get into this week's best AI news:
đ€ AI Summary
This weekâs newsletter, summarised with humour, by ChatGPT in 3 sentences:
The UK and US are working together to review and develop necessary legislation for the AI sector, Inflection AI has released a chatbot named Pi, and Hugging Face and ServiceNow have released StarCoder, a free code-generating system that outperforms GitHub's Copilot. Meanwhile, NVIDIA has released a real-time 3D object demo, and Ashton Kutcher has raised a $243M AI investment fund. Furthermore, Curious Refuge has made a Star Wars trailer in the style of Wes Anderson, and Moritz Kremb outlines ten advantages of the new GPT-4 code interpreter. Finally, Clark Elieson has released an incredibly eery 35-minute deep dive into AI philosophy.
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â 5 News Nuggets
đ Link: The UK & US combine forces to review and provide necessary legislation for the AI sector. The UK is focussing on the "foundation models" behind AI tools, amidst concerns over the rise of misinformation, fraud, and the impact on jobs. Meanwhile, the White House has advised tech companies that they have a "fundamental responsibility" to develop safe AI products, and through an official White House meeting with top AI foundersâtheyâre looking to develop stricter, safer, AI legislation.
đ Link: Inflection AI has released a new chatbot named Pi which offers emotional support to users (in case ChatGPT is abusing you). Itâs designed to be a "neutral listener" that asks follow-up questions and offers adviceâlike a therapist. It prompts users to ask it for advice or answers or to talk about whatever is on their mind, and is available on web browsers, iOS, Instagram, Facebook Messenger, WhatsApp, and SMS.
đ Link: Hugging Face and ServiceNow have released StarCoderâa free code-generating system that outperforms GitHubâs Copilot. The BigCode project was launched by Hugging Face and ServiceNow last year, with the aim of developing "state-of-the-art" AI systems for code. StarCoder is royalty-free useâmeaning anyone including you and I can use it (donât mention my complete lack of coding experience).
đ Link: A leaked document from a senior Google researcher expresses concerns about the growing threat of open-source AI models to Google's dominance. The author cites several examples where open-source AI has overtaken traditional models and emphasizes the need for Google to adapt. Perhaps weâll see big tech in-fighting and open-source projects conquer, whatâs your prediction?
đ Link: Chegg plummeted 48% after CEO Dan Rosensweig revealed that student interest in OpenAI's free ChatGPT service had significantly impacted new customer growth rates. Rosensweig said that students were reluctant to pay for subscriptions when there was a free alternative available (obvious when you put it like that).
đ 4 Cool Creations
đ Link: Nvidia releases a real-time 3D object demoâcentering on natural-looking hair. In the video, you can see users manipulating different hairstyles through the movement of their cursor. This is part of the 20 papers theyâll be presenting at SIGGRAPH (a computer graphics conference in LA).
đ Link: AudioPen summarises your messy voice notes into clear, concise text. The application is available in-browser and uses state-of-the-art voice recognition tech to keep your mind clear, and your notepad full (this is a life changer for me).
đ Link: ChatYouTube lets you interact with any YouTube video. Simply paste the link, ask it questions, quiz it for summaries, and connect with it as if itâs a human itself.
đ Link: Kaya is a personal AI that learns from your data and notes to become a digital version of yourself. Ask it questions, get inspiration, and even share it with friends (see if they can tell the difference).
đŠ 3 Startup Spotlights
đ Link: Toronto-based Cohere raises $250M to reach a $2B valuation. The latest funding round was led by Nvidia, with participation from Salesforce, Inovia Capital, and Index Ventures. The ChatGPT competitors focus on Natural Language Processing (NLP), and are planning to use the fresh influx of cash to bolster their position in the chatbot industry.
đ Link: Ashton Kutcher raises a $243M AI investment fund with assets under management at Sound Ventures (led by Kutcher). The money was raised in 5 weeks and will be used to invest in âthe next groundbreaking AI companiesâ with their first 3 investments being Anthropic, OpenAI & Stability AI.
đ Link: Simpplrâan AI-powered intranet platformâraises $70M in tranche funding to support ongoing R&D. The funding round was led by Sapphire Ventures with participation from Norwest Ventures, Tola Capital & Salesforce. Theyâre predicting 70% YoY growthâa complete anomaly in the intranet industry.
đ„ 2 Top Tweets
đ Link: Curious Refuge makes a Star Wars trailer in the style of Wes Anderson. The creative agency garnered 1.9M views from their AI-generated trailerâa genius marketing move. What would you like to see, and in what style? Iâm personally rooting for a Guy Ritchie x LOTR adaptation.
đ Link: Moritz Kremb outlines 10 advantages of the new GPT-4 code interpreter. Included is visual creation, identifying stock market trends & the ability to develop business strategies based on data. Those poised to utilise these features are years ahead of the competition.
đź 1 Media Marvel
đ Link: Clark Elieson releases a 35-minute deep dive into AI philosophy. The videos is incredibly well-researched and breaks down machine-generated consciousness, the human condition & more. It moved me to deep introspection and admittedly, one eery quote has stuck with me since: âI have no mouth, but I must screamâ
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â Alex