🥊 Musk seeking $6B to challenge OpenAI
📖 Bionic Speed Reader by AI Tool Report
Martin Crowley & Liam Lawson
January 29, 2024
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Today’s top story: Despite denying reports last week, Musk is discussing a $6B investment into xAI, taking the company’s valuation to $20B.
Plus, to celebrate the opening of the GPT store, we’re releasing a new GPT each week. Try our latest one, the ‘Bionic Speed Reader’ to help you absorb information, quickly.
🌤️ This Morning on AI Tool Report
🥊 Musk seeking $6B to challenge OpenAI
📞 AI start-up bans user for Biden’s audio deep-fake
🤝 Altman explores semiconductor collaborations
🔏 Google’s Bard will read private messages
🍟 Musk to invest $1B in AMD & NVIDIA chips
Read Time: 5 minutes
INVESTMENT
Our Report: Musk is targeting wealthy investors from the Middle East and East Asia to raise $6B in funding for xAI, valuing the company at $20B, and rivaling competitors Anthropic and OpenAI.
🔑 Key Points:
Last week, Musk denied reports that his AI company xAI (makers of the chatbot, Grok, which is trained on Tweets) had raised $500M, taking it halfway towards its goal of $1B.
Document filings show that Musk is in talks with global investors from the Middle East, Hong Kong, Japan, and Korea to raise $6B in investment.
If successful, this funding will value xAI at $20B, behind OpenAI’s $100B valuation, but ahead of OpenAI competitor, Anthropic, which is valued at $18.4B.
🤨 Why you should care: Musk recently angered current investors, after threatening to remove all Tesla AI projects, unless he got 25% control over the company, which could affect discussions with his new global investors.
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DEEP-FAKES
ElevenLabs (an AI start-up that clones voices in over 20 languages) has closed the account responsible for the audio deep-fake that impersonated President Biden last week (where said user had called voters up and asked them not to vote).
Pindrop (a security company that identifies synthetic audio) traced the deep-fake by comparing the audio to 120 samples from deep-fake audio technologies.
ElevenLabs–which is valued at $1.1B, and backed by a16z–has yet to comment but has indirectly stated that it’s "dedicated to preventing the misuse of audio AI tools."
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AI HARDWARE
Sam Altman has flown out to Seoul to meet with the world's top two memory chip producers—Samsung and SK Hynix Inc.—to discuss a potential collaboration.
This follows Altman’s discussions with investors last week to raise billions to establish a network of factories for manufacturing semiconductors.
Successful discussions with these semiconductor industry leaders could address global AI chip supply/demand issues and reduce OpenAI’s reliance on NVIDIA.
PRIVACY
Google announced it was bringing its ChatGPT equivalent (Bard) to Messages to help users communicate better, but it’s since been revealed that Bard will also read private messages.
Bard will analyze the content within private messages (current and historic) to establish relationship dynamics and tailor responses accordingly.
Private messages will also be sent to the Cloud for processing and training, and stored there for 18 months which is raising concerns over leaks, misuse, and data-sharing practices.
What do you think about Bard reading private messages?Is it necessary to provide better responses, or is it a step too far? |
ELECTRIC VEHICLES
Musk has announced that Tesla will invest over $1B in NVIDIA and AMD hardware by the end of 2024, after already pledging to spend $500M on NVIDIA this year.
This investment will power Project Dojo—Tesla’s custom-built supercomputer—to help process the large amounts of data needed to sustain fully autonomous vehicles.
In addition, this investment will help Tesla remain a leading force in AI, with Musk stating that “the table stakes for being competitive in AI are at least several billion per year.”
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Samsung to build all-AI, no-human chip factories to rival NVIDIA.
Their goal is to “remove all human workers from the entire chip manufacturing process by 2030.”
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Jan 28, 2024
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