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- 🤖 Google Invests $2 Billion in OpenAI Competitor
🤖 Google Invests $2 Billion in OpenAI Competitor
PLUS: Biden Signs Executive Order to Oversee AI
James Roesser
October 30, 2023
Welcome back AI enthusiasts!
In today’s AI Report:
💵Google Invests $2 Billion in OpenAI Competitor
🦺Biden Signs Executive Order to Oversee AI
🛠5 Trending Tools
💰Venture Capital Updates
💼Who’s Hiring?
Read Time: 3 minutes
🗞RECENT NEWS
💵Google Invests $2 Billion in OpenAI Competitor
Google agreed to invest $2 billion into Anthropic, an artificial intelligence safety and research company that builds reliable, interpretable, and steerable AI systems.
Key Details:
The commitment involves $500 million through upfront cash infusion and an additional $1.5 billion to be financed over time. In April, Google invested $300 million in the company, taking a 10% stake. Now, Google is funding Anthropic’s next-generation model, “Claude-Next.”
Anthropic was founded by Dario Amodei, OpenAI’s former Vice President of Research, who manages 35 employees who specialize in self-awareness AI models.
Anthropic’s Claude 2 is a rival chatbot to OpenAI’s ChatGPT used by companies including Slack, Notion, and Quora. Claude 2 can summarize 75,000 words and handle large user data sets. In contrast, ChatGPT can support 3,000 words.
Why It’s Important:
In the AI software market, the greater your spend, the better your position. Until Google, Microsoft, and Amazon can function independently in this market, they must wage proxy wars by investing billions to subsidize natural innovation through other companies.
Anthropic is building the Frontier Model: the next-generation algorithm for AI self-teaching. This model seeks to align chatbots with human intentions, allowing systems to respond to questions or perform tasks using tailored guided principles.
U.S. GOVERNMENT
🦺Biden Signs Executive Order to Oversee AI
President Joe Biden endorsed an executive order focusing on civil rights, industry regulations, and U.S. government investments in AI tools.
Key Details:
The order targets developing new rules for the technology: “It has the potential to help solve urgent challenges, making our world more prosperous, productive, innovative, and secure. At the same time, irresponsible use could exacerbate societal harms like fraud, discrimination, bias, and disinformation.”
The White House will assign agencies to monitor AI systems and implement universal standards to ensure data privacy.
Biden’s order will also appoint a White House AI Council chaired by the Deputy Chief of Staff to impose national orders on the AI industry.
Why It’s Important:
The order grants the U.S. government authority to monitor the private sector’s development of AI systems as well as mandate companies to submit reports on how they train and test models.
The order adds funding for new AI research and a federal AI hiring surge. The White House has launched a corresponding website to connect job seekers with AI government positions.
🛠TRENDING TOOLS
💻Vicuna is an open-source chatbot trained by fine-tuning LLaMa on user-shared conversations collected from ShareGPT.
🛍Peasy Sales is a customer engagement platform for marketing, sales, and support to achieve high-quality leads.
🔐Securiti automates data access governance for sensitive data. Gain insights into who is accessing sensitive data based on geographic region and specific systems.
🎓Courses AI launches email, introductory, or signature courses to package lesson content and identify irresistible student offers.
⚙️CodeCompanion is an all-in-one coding assistant that allows you to prototype faster, code smarter, and scale your productivity.
💰VENTURE CAPITAL UPDATES
💼WHO’S HIRING?
🤖PROMPT OF THE DAY
COPYWRITING
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Create a successful copywriting campaign for [Product/Brand] that utilizes the power of surprise. Provide metrics on how I should evaluate the success of the campaign.
Product/Brand = [Insert Here]📒FINAL NOTE
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