🍾 Our Top 3 Issues of All Time
📸🎨 MidJourney V1 vs MidJourney V6
Martin Crowley & Liam Lawson
December 22, 2023
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Welcome to AI Tool Report!
As a heads up, this will be our last issue before returning from the 27th to the 29th; so for everyone who celebrates, have an incredible Christmas, and we’ll see you before the new year!
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Today:
🍾 Our Top 3 Issues of All Time
😮 Anthropic in talks to raise $750M at $18.4B valuation
💵 ChatGPT fails to understand SEC filings 70% of the time
🇺🇸 The Pentagon’s AI strategy assessed in 2024
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Read Time: 4 minutes
To celebrate the festive period we’d love to take you through our top 3 performing issues of all time:
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— Martin Crowley (@AIToolReport)
Dec 19, 2023
🎨 Artist Highlight: Nick St.Pierre
I am genuinely blown away by the prompt coherence of Midjourney v6.
This is an insanely detailed prompt with 8 specific color assignments, and it's absolutely nailing it.
If you run the same prompt in --v 5.2 it won't even come close.
--v 6 is seriously incredible ✨
💬… twitter.com/i/web/status/1…
— Nick St. Pierre (@nickfloats)
Dec 21, 2023
Anthropic, an AI company established by ex-OpenAI employees, is in talks to raise $750 million in a funding round led by Menlo Ventures.
If successful, this funding would significantly boost Anthropic's valuation to approximately $18.4 billion, up from $4.1 billion earlier in the year.
Anthropic has previously raised $750M from earlier funding rounds and secured a commitment from Google for up to $2 billion over time.
The company is known for developing Claude 2, a chatbot that competes with OpenAI's ChatGPT.
Anthropic is recognized for its proficiency in managing large data sets and summarizing vast amounts of information.
A startup's test showed that AI models from OpenAI, Meta, and Anthropic have difficulty understanding SEC filings, with a failure rate of about 70%.
The AI models were only accurate when guided to specific sections of the documents.
The results indicate that AI is currently unable to replace human analysts in the financial sector for tasks involving detailed analysis of complex financial documents.
The study emphasizes the current limitations of AI in handling and interpreting complex financial data.
It underscores the necessity for human oversight in processing intricate financial information.
The Government Accountability Office (GAO) will review the Pentagon's new AI strategy in early 2024, evaluating its alignment with the recommendations of a 2022 report.
The strategy's main objective is to improve the Defense Department's use of AI in data analysis.
Alissa Czyz, GAO's Director, highlights the significance of this evaluation.
The review will involve discussions with defense officials to check if the Pentagon has implemented seven key recommendations from the 2022 GAO report, focusing on AI integration frameworks and processes.
This assessment will determine the effectiveness of the Pentagon's updated AI adoption strategy, which has evolved since 2018 and 2021, in meeting GAO's suggestions.
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🪞 Rob Lennon on comparing MidJourney V6 to now
📲 Apple working on optimizing AI for iPhones
🇨🇳 Chinese AI startup sets sights on US
🇩🇪 German AI-powered energy storage platform raises €3M
🔐 Intrinsic is building infrastructure for AI trust & safety teams
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Until next time, Martin & Arturo.
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