What Venture Investors Want: CB Insights' annual list of the 100 most promising AI startups
This year’s crop of hot startups shows that generative AI isn’t the only game in town. CB Insights, which tracks the tech-startup economy, released the 2023 edition of its annual AI 100, a list of 100 notable AI-powered ventures.
Economic Forecast — GenAI Boom: McKinsey projects generative AI's impact on global economy.
Generative AI could add between $2.6 trillion and $4.4 trillion to the global economy annually (roughly 2 percent to 4 percent of the world’s combined gross domestic product this year), according to a new report.
Crystal Ball for Interest Rates: JPMorgan trained AI to interpret the Federal Reserve.
One of the world’s largest investment banks built a large language model to map cryptic government statements to future government actions. JPMorgan Chase trained a model based on ChatGPT to score statements by a United States financial regulator according to...
OpenAI Gears Up for Business: How OpenAI developed a sales strategy for GPT-4
Reporters offered a behind-the-scenes look at OpenAI’s year-long effort to capitalize on its long-awaited GPT-4. The company built a sales team and courted corporate partners in advance of launching its latest large language model, The Information reported.
Conversational Search, Google Style: Details leak about Magi, Google's answer to Bing with GPT-4.
Google’s response to Microsoft’s GPT-4-enhanced Bing became a little clearer. Anonymous insiders leaked details of Project Magi, the search giant’s near-term effort to enhance its search engine with automated conversation.
Data Does Not Want to Be Free: Reddit and Stack Overflow ask AI devs to pay for data.
Developers of language models will have to pay for access to troves of text data that they previously got for free. The discussion platform Reddit and question-and-answer site Stack Overflow announced plans to protect their data from being used to train large language models.
AWS Joins the Generative AI Race: AWS launches Bedrock, a generative AI platform.
Amazon joined big-tech peers Google, Meta, and Microsoft in rolling out services that provide generated text and images. The online retailer launched early access to Bedrock, a cloud platform that offers generative models built by Amazon and its partners.
AI Startups Face Compute Shortage: Generative AI demand is overwhelming cloud servers.
Chatbot-fueled FOMO is overwhelming cloud-computing services. Cloud providers are struggling to meet sharply rising demand by a crowd of AI startups eager to cash in on generative AI, The Information reported. The surge in demand caught Amazon Web Services, Microsoft Azure, and others off guard.
Repatriating Talent: Lelapa brings AI talent back to Africa.
A South African startup aims to lure talented engineers who left the continent to work abroad. Johannesburg research lab Lelapa.ai bills itself as a haven for African AI engineers who want to work on challenges that aren’t on Silicon Valley’s agenda.
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