AI News That Matters - August 5, 2024

Feds warn Elon over Grok's misinformation, AI stocks tumble with U.S. economy, big Runway AI video updates and more

Outsmart The Future

Today in Everyday AI
8 minute read

🎙 Daily Podcast Episode: The biggest names in tech are making major AI headlines, with Google, Microsoft, Meta, OpenAI and more making major news. We break down what you need to know. No marketing, fluff or B.S. Just the AI news that matters. Give it a listen.

🕵️‍♂️ Fresh Finds: A new AI audio powerhouse, Zoom looking to compete with Microsoft and Google, AI investments not slowing down, and more. Read on for Fresh Finds.

🗞 Byte Sized Daily AI News: Stock market and AI companies tumble, feds warn Elon over Grok's truth problems, other Groq scores huge funding round, Elon suing OpenAI again and more. Read on for Byte Sized News.

🚀 AI In 5: Here’s an easy and free way to keep ChatGPT a little more organized. See it here

🧠 AI News That Matters: Google’s new Gemini 1.5 Pro is topping all the charts, but does it matter? Canva and Google also make big acquisitions and what NVIDIA’s reported GPU delays mean for the U.S. economy. Keep reading for that!

↩️ Don’t miss out: Did you miss our last newsletter? We talked about about if AI could do your CEO’s job, Google pulling its AI Olympics ad, new Chrome AI features and more. Check it here!

AI News That Matters - July 29th, 2024 📰

Canva and Google made some huge acquisitions.

NVIDIA is reportedly facing major GPU delays.

And what does Google’s new chart-topping ‘0801’ version of Gemini 1.5 Pro mean?

Here's this week's edition of AI News That Matters.

Join the conversation and ask Jordan any questions on AI here.

Also on the pod today:

– Microsoft calling OpenAI a competitor 🥊

– Google’s BIG and SMALL models 🤏

– How NVIDIA delays could impact the U.S. economy 👨‍💼

…… and more

It’ll be worth your 36 minutes:

Listen on our site:

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Here’s our favorite AI finds from across the web:

New AI Tool Spotlight – Wondercraft’s new Audio Studio brings drag-and-drop audio ads and text-to-speech collaboration, ChatPlayground.ai allows you to use multiple LLMs and AI models at once and Prompt Hippo helps you craft better prompts with side-by-side testing.

AI video tools — Runway just dropped updates to its platform, allowing users to choose a beginning frame or end frame for video generations.

AI Competition Zoom is rolling out AI-powered documents for workplace collaboration, going after Google and Microsoft’s market share.

AI Investments — Big Tech has already invested more than $16 billion in AI startups in the first half of 2024, and they have no plan to slow down. 

AI Image Generators — Flux.1 has been receiving rave reviews, hands-down.

1. U.S. stock market tumbles, as do leading AI stocks 📉

Shares of major tech companies, including Apple, are taking a dive as skepticism over AI investments grows, coupled with fears about the U.S. economy.

Apple stock dropped 4.6% after Warren Buffett’s Berkshire Hathaway cut its stake by nearly 50%, while other tech giants like Alphabet, Meta, Amazon, and Microsoft also saw significant losses. Hedge fund Elliott Management has labeled large tech stocks as being in “bubble land,” suggesting AI is “overhyped.”

2. New AI Model Can Predicts Heart Attacks ❤️

In a breakthrough hailed as "game changing," scientists have developed an AI model that can identify patients at risk of heart attack within the next decade.

According to a study published in The Lancet, this technology detects inflammation in the heart, invisible on traditional CT scans, and is currently being piloted in five NHS hospital trusts. Developed by Oxford University spinout Caristo Diagnostics, the AI platform has already led to lifestyle changes and medication prescriptions for thousands, potentially preventing future heart attacks. A decision on its broader NHS use is expected soon.

3. Secretaries of State Call Out Musk’s Grok AI Misinformation 🤥

In a recent twist, five secretaries of state are demanding Elon Musk update the misinformation-spreading Grok AI chatbot on X, according to the Washington Post. The chatbot falsely claimed that ballot deadlines for the 2024 presidential election had passed in nine states, prompting concern from officials like Minnesota's Steve Simon.

Despite Musk's pitch of Grok as a "rebellious" alternative AI, the spread of such inaccuracies has significant implications for public trust and election integrity.

(It’s almost like we called this a year ago? Oh wait, we did.)

4. Groq Secures $640M Funding Led by Blackrock 🤑

Groq has raised $640 million in a new funding round led by Blackrock, bringing its total to over $1 billion and valuing the company at $2.8 billion.

With AI experts Yann LeCun and Stuart Pann joining the team as advisors, Groq aims to revolutionize AI chip performance, claiming their LPUs can run models like ChatGPT ten times faster with a tenth of the energy.

Already boasting over 356,000 developers on its GroqCloud platform, Groq is set to challenge industry giants like Nvidia, Amazon, and Google in the booming AI hardware market. Could Groq take on NVIDIA or other household chipmakers?

5. OpenAI's Hidden AI Detection Tool Might Debut Soon 🕵️‍♂️

OpenAI has developed what they say is a highly accurate AI-detection tool that could soon be released, the Wall Street Journal reports. This system, which identifies AI-generated text with 99.9% accuracy, has been shelved for nearly two years due to fears of user backlash and potential misuse.

Concerns also include possible bias against non-native English speakers. As AI-generated content proliferates, this tool could be crucial in maintaining content integrity.

6.Elon Musk Revives Lawsuit Against OpenAI 👨‍⚖️

Elon Musk has rekindled his legal battle with OpenAI, the AI startup he helped establish in 2015, by filing a new lawsuit in the U.S. District Court of Northern California.

This move comes just weeks after he withdrew a similar suit filed in February, which had accused OpenAI's leadership of straying from their original mission to develop AI for the benefit of humanity.

Musk's latest complaint claims that CEO Sam Altman and President Greg Brockman prioritized profits over principles and seeks to nullify OpenAI's licensing deal with Microsoft. The tech giant’s AI enthusiasts are keenly watching as this high-stakes drama unfolds.

Get more organized in ChatGPT in minutes

We get…. ChatGPT can be a lot.

Espeically when it comes to the number of chats and the potential clutter that brings.

Yikes.

Give us about 5 minutes, and we’ll show you a free and easy way to tidy up your ChatGPT workspace.

This week in AI? 

Like a who’s who A-list lineup. 

  • Google’s making moves. 

  • OpenAI is (kinda) dropping updates. 

  • Microsoft’s drawing lines in the sand. 

Sheeeeeeeeesh. 

And that’s just the beginning shorties.

You can spend hours a week (or day!) trying to keep up and understand what it all means. 

Or, you can kick it with the Everyday AI crew every Monday as we bring you the AI news that matters.

Ready for the breakdown? 

Same. 

1 – Microsoft and OpenAI: From BFFs to Frenemies 🤨

Awkwwwwwaaaaard. 

Yeah, you heard that right – the same OpenAI they've invested $13 billion in and reportedly own a 49% equity stake in. OpenAI's new SearchGPT is apparently stepping on Microsoft’s toes, but here's the kicker: both companies are still using each other's tech. For the first time ever, Microsoft is listing OpenAI as a competitor.

GPT's chillin' in Windows 11 in its Copilot tech, while Bing's powering SearchGPT behind the scenes. Talk about a complicated relationship! Microsoft even had a non-voting board seat at OpenAI for a hot minute, but they bounced earlier this summer.

What it means:

This move could be about more than just business rivalry. With federal regulators eyeing big tech for antitrust violations, Microsoft might be playing it safe. But it also signals a potential shift in the AI landscape, where partnerships are fluid and competition is fierce. Companies need to be ready for rapid changes in alliances and be prepared to pivot their AI strategies accordingly. 

Grab the popcorn.

Y’all know we be covering all the deets. 

2 – Google's Gemini 1.5 Pro: The New AI Powerhouse 💪 

Google dropped Gemini 1.5 Pro version 0801, and it's topping the charts like a late August summer blockbuster. 

(We miss Theater releases, TBH.) 

This bad boy scored a whopping 1300 on the LMSYS AI arena leaderboard, leaving OpenAI's GPT-4 (1286) and Anthropic's Claude 3.5 (1271) in the dust. The updated Geminei 1.5 pro is flexing a massive 2,000,000 token context window, which is like giving it a photographic memory for entire libraries.

But here's the catch – you can't chat with it on the regular Gemini front end. This beast is only available through Google AI Studio and the Gemini API, so it's dev playground only for now.

What it means:

Google's making a serious play for AI dominance. The massive context window could change how we handle large-scale data analysis and long-form content generation.

But the limited access suggests Google's being cautious about deployment. Businesses should start exploring how to leverage these advanced capabilities through APIs, even if they can't access them directly through a chatbot interface yet.

Cmon Google — bring this to everyone!

3 – NVIDIA's Chip Drama: Potential Delays Denied 🤔

NVIDIA's in the hot seat with reports flying about delays in their Blackwell chip series, but they're shutting it down hard.

Word on the street was that there might be a 3-month hold-up on their most advanced AI chips, which had tech giants like Microsoft, Meta, and Google breaking a sweat. But NVIDIA's not having it – they're saying production for Blackwell is right on schedule for the second half of this year.

What it means:

Even the hint of a delay in chip production can have ripple effects across the AI industry. (And, TBH, the entire U.S. economy, as we’re seeing today.) 

Companies heavily invested in AI should diversify their hardware strategies and have contingency plans for potential supply chain issues. It's also a reminder of how crucial hardware is to the AI race – software innovations are only as good as the chips they run on.

4 – Google's Gemma 2B: Small Package, Big Impact 📦

Google just unveiled Gemma 2B, and it's punching way above its weight class.

This tiny 2 billion parameter model is outperforming GPT-3.5 (which was the world’s marquee model like 20 months ago), which is packing a whopping 175 billion parameters. We're talking David taking down Goliath here. 

Gemma 2B scored an impressive 1126 on the Elo leaderboard, edging out GPT-3.5's 1106. And get this – it's small enough to run on your smartphone.

What it means:

This is a game-changer for edge AI and on-device processing. Smaller, more efficient models could lead to faster, more private AI applications.

Businesses should start thinking about how they can leverage these compact models for mobile apps, IoT devices, and scenarios where data privacy or low latency is crucial.

5 – ChatGPT's Voice Upgrade: AI Gets Chatty 🎤 

OpenAI's (slowly) rolling out an advanced voice mode for ChatGPT Plus subscribers, and it's about to make your conversations with AI feel eerily human. 

This upgrade can pick up on emotional cues through your voice, and it's not just listening – it's responding with its own inflections, tones, and even breaths. 

Cool and creepy? 

The latency is so low, you'll forget you're not chatting with a real person. It's even got party tricks like sound effects and accents, though it's keeping that American twang even when speaking other languages.

What it means:

This could completely change how we interact with AI in daily life and work. Imagine voice-controlled AI assistants that can truly understand context and emotion.

Companies should start exploring voice-based AI interfaces for customer service, accessibility features, and hands-free work environments. But they'll also need to consider the ethical implications of more human-like AI interactions.

6 – Meta's AI Studio: DIY Chatbots for the Gram 🤖

Meta's jumping into the custom AI game with both feet, rolling out their new AI Studio. 

This bad boy lets Instagram users whip up their own chatbots, following in the footsteps of OpenAI’s custom GPTs. You can give these bots a personality, a face, and even tell 'em what topics to steer clear of. It's all powered by Meta's latest Llama 3 model, which they're dishing out for free to developers, researchers, and startups. 

What it means:

Meta’s AI Studio is its play to keep Instagram users glued to their screens even longer. For businesses and influencers, it's a whole new way to engage with followers.

Imagine having a 24/7 brand ambassador that never sleeps and always stays on brand. But it's not just about social media – this move shows Meta's serious about competing in the AI space.

7– Canva and Google Make Big Acquisitions 🤝

Looks like the tech giants are playing Monopoly with AI startups this week.

Canva just scooped up Leonardo AI, bringing 120 AI wizards into their fold to beef up their generative AI game. No word on the price tag, but you can bet it wasn't cheap.

Meanwhile, Google's playing it cool with more of an "acqui-hire" move. They've nabbed Character AI's co-founders, including CEO Noam Shazeer, who used to be a big shot at Google DeepMind. Google's also signed a deal to use Character AI's tech, which is like getting the cherry on top of their AI sundae.

What it means:

These moves show that the big players are hungry for AI talent and tech.

Canva's aiming to stay ahead in the design world by beefing up its AI capabilities, which could mean some serious competition for other design tools.

For Google, bringing back former employees with startup experience could inject some fresh innovation into their AI research.

Startups getting acquired after only two years? Doesn’t seem like a bad strategy to us. lolz.

Numbers to watch

67%

Business leaders claim that on average, chatbots have increased sales by 67%.

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