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The week was (mainly) upbeat, as conflicts in (both) public and private sectors continued to rule the scene. That said, geopolitical tensions heightened alongside countermoves from nation-states.
Here are the headlines:
OpenAI has a new LLM for schools;
Tech giants are seeking to cut Nvidia's industry lead;
AI-generated images are coming to WhatsApp;
Google (finally) addressed the hallucination issue (officially);
Plus, Sony Pictures is (reportedly) turning to AI to cut costs
And much more!
Of course, it's your Daily AI™!
The DWN AI Index™ Update
The DWN AI Index™ Update
On 5/30/24, the index was (marginally) negative with a -94.98-point change, at -3.28%, to close at 2804.34.
DWN/AI Index™ Individual Stock Closing Prices:
Amazon (AMZN) at $179.32,
Arista Networks (ANET) at $303.67,
C3.ai (AI) at $28.57,
CrowdStrike Holdings (CRWD) at $315.92,
Duolingo (DUOL) at $194.38,
iRhythm Technologies (IRTC) at $88.13,
Microsoft Corporation (MSFT) at $414.67,
NVIDIA Corporation (NVDA) at $1,105.00,
Palantir Technologies (PLTR) at $21.73,
Taiwan Semiconductor Manufacturing (TSM) at $152.96,
Alphabet, Inc. (GOOG) closed at $173.56, while Meta Platforms, Inc. (META) closed at $467.05.
Under the AI Hood
OpenAI
Just as we were all surprised by ChatGPT-4o, OpenAI launched ChatGPT Edu, the academic version of its popular Large Language Model (LLM) series.
ChatGPT Edu enables access to ChatGPT-4o (academically), giving users access to text capabilities, math, and coding. Additionally, users can access the web and have increased capacities than ChatGPT's free version.
Similarly, Big Four behemoth PwC announced its integration with ChatGPT Enterprise. Also, PwC is the largest user of the model.
Meta/Microsoft/Advanced Micro Devices (AMD)/Broadcom/Nvidia
The industry landscape changed (massively) with the introduction of a new standard from Meta, Microsoft, AMD, and Broadcom (Ultra Accelerator Link). Ultra Accelerator Link is a new standard for AI data centers that challenges Nvidia's edge in the sector. According to a May 30 Reuters report, the (new) effort establishes open communications between AI accelerators.
Furthermore, other firms involved include Alphabet, Intel, Cisco Systems, and Hewlett-Packard Enterprise.
The ongoing issues with Google AI overviews in search results came to a head. In a May 30 post by the Vice President of Google Search, Liz Reid, the tech giant iterated that things were not as outlandish as the claims on social media platforms made them out to be.
Reid indicated that after rigorous testing, there were a few odd results for "uncommon queries" and that their ecosystems had "information gaps."
Industry Dive
Meta/WhatsApp
Mobile messaging platform WhatsApp announced the development of new AI image generation features. The new tools are (reportedly) under development and will (soon) be available to everyone.
Similarly, on May 29, Meta revealed its identification of deceptive AI-generated content on Facebook and Instagram in the current Israel-Gaza conflict.
Perplexity AI
Industry unicorn Perplexity AI upped its AI game with a new feature that converts user search queries into shareable web pages. The feature is available for free and paid users on its Arc Search app, and AI text prompts power the conversions.
The US Department of Commerce
The China-America AI spat reached new highs with reports of new US AI chip restrictions. According to a May 30 Bloomberg report, American authorities have (significantly) reduced the issuance rate of AI chip export licenses from chipmakers to Gulf countries, citing Chinese access to Middle Eastern markets.
Additionally, the American Federal Government is (reportedly) conducting a national security regional review per AI.
Everything Else
The Center for Countering Digital Hate (CCDH)
Alarmingly, across the pond in the United Kingdom, the Center for Countering Digital Hate (CCDH) unearthed results from an experiment involving safeguards using AI voice cloning tools.
In the experiment, the CCDH tested six voice cloning tools to create false content of several leaders, including Prime Minister Rishi Sunak and Labor Party chief Sir Keir Starmer.
Additionally, (eighty percent) of the content (reportedly) looked convincing. Only one of the tool's safeguards remained impenetrable, and the team circumvented others.
Fable Studio
Interestingly, South African-based Fable Studio demonstrated its ability to create content with two series produced by its (new) Showrunner app that allows users to (automatically) create content.
Last year, the firm showed its abilities by revealing an AI-generated episode of the (famous) South Park series.
Sony Pictures
Similarly, on May 30, at an investor conference in Japan, Sony Pictures Chief Tony Vinciquerra revealed the Hollywood giant's shift to AI-generated content to cut costs.
The move follows back-and-forth industry conversations on the use of AI in the movie industry.
Following the Money
The People's Republic of China
On the other hand, China's ambitions for AI dominance grew even bolder with the launch of a $47.5 billion chip fund.
According to a May 29 CNBC report, the new fund will (expectedly) focus on local chip manufacturers with the current (ongoing) issues.
Atropos Health
Premier health tech firm Atropos Health revealed its successful Series B funding round worth $33 million. Valtruis led the round alongside heavyweights such as the Merck Global Health Innovation Fund, Cencora Ventures, and McKesson Ventures.
Exactly.ai
We move across the pond to the United Kingdom, where AI-powered illustration platform Exactly.ai raised $4.3 million in seed funding. Additionally, Speedinvest led the round alongside GuruDev Capital, Cornerstone VC, and InReach Ventures.
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