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Hello there! 👋 Welcome back to AI Creator. Get ready for a dose of exciting AI updates and intriguing reads. Just scroll down to dive in!

⏰ Top 5 Headlines

• 🔗Link: EY unveils fruits of $1.4 billion artificial-intelligence investment.

• 🔗Link: Alibaba opens AI model Tongyi Qianwen to the public.

• 🔗Link: California lawmaker proposes regulation of AI models.

• 🔗Link: The next-generation Einstein AI will put a chatbot in every Salesforce application.

• 🔗Link: Stability AI, famous for AI visuals, now offers Stable Audio, a text-to-audio AI for making custom songs and background audio.

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🚀 Company Spotlight

• 🔗Link: Drone startup Shield AI valued at $2.5 billion in new funding round.

• 🔗Link: Proven, a startup that uses AI to recommend personalized fragrances and skincare, announced $12.2 million in Series A funding led by NewH2 Ventures.

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In show of force, Silicon Valley titans pledge ‘getting this right’ with A.I.

Tech giants like Elon Musk, Mark Zuckerberg, and Sundar Pichai convened in a three-hour meeting with lawmakers to discuss AI and future regulations. This unprecedented gathering aimed to shape AI's direction and influence potential legislation.

Balancing innovation and safeguards: During the meeting, participants emphasized the need for striking a balance between fostering innovation in AI and implementing the necessary safeguards to avoid unintended consequences. Sam Altman stressed the importance of "getting this right."

The complex landscape of AI regulation: While Europe has been proactive in drafting AI regulations, the United States has lagged behind. However, recent developments have prompted the government to consider safeguards and standards for AI technologies, signaling a shift towards regulation.

Divergent views on AI open source: Among the tech executives, there were differing views on open-source AI development. Mark Zuckerberg advocated for open-source research, while others, like Jack Clark and Bill Gates, raised concerns about security risks associated with open-source AI, including the spread of misinformation. Elon Musk highlighted the existential risks posed by AI and its impact on civilization. 🔗Dig deeper

The technology Facebook and Google didn’t dare release

Google and Meta developed highly potent facial recognition tech but chose not to release it due to its potential risks. They also acquired related startups and restricted external access. While these technologies offer some benefits, like assisting the visually impaired, their potential for misuse has limited widespread adoption. However, with AI advancements, such tech is becoming more accessible, raising concerns about privacy as it enters various devices and apps, including police use and online image searches. 🔗Read more

Adobe will charge less than OpenAI for image generation tool

Adobe has revealed pricing details for its latest AI imaging tool, Firefly, positioning it as a more cost-effective alternative to OpenAI's similar service. Subscribers to Adobe's creative software will receive a set number of image generations with their plans, and any additional creations will incur a fee of approximately 5 cents per image, offering a more budget-friendly option compared to OpenAI's Dall-E, which charges around 13 cents per credit on the web. 🔗Read more

Apple’s AI-voidance is very Apple—and probably the right strategy

In Apple's recent iPhone 15 event, the conspicuous absence of the term "AI" raised eyebrows. Apple seemed to be saying, "What is this A-I you're talking about?" Despite the omission, Apple is not ignoring AI; their products, like the Series 9 Watch and iPhone 15, harness AI's power through machine learning. However, Apple's strategy of avoiding the buzzword aligns with its trademark approach of leading rather than chasing trends. This approach is wise given public concerns about AI's negative impacts, making Apple's discreet embrace of AI a shrewd move in the tech landscape. 🔗Read more

Together: AI startup raises eyebrows with third financing round in 9 months

In the fast-paced world of AI startups, Together is making waves with its unprecedented fundraising streak. The company, which offers developers access to compute power and software for training open-source AI models, is in discussions with venture firms to secure up to $60 million in its third financing round in just nine months. With an impressive revenue stream of around $10 million per year, largely driven by its Forge product, Together is capitalizing on the soaring demand for GPU resources in a market that's grappling with shortages. 🔗Read more

🤳 Extra reads

• 🔗Link: Visiting New York? Make sure A.I. didn’t write your guidebook.

• 🔗Link: How scientists are using artificial intelligence.

• 🔗Link: Generative AI exists because of the transformer.

• 🔗Link: Are AI models approaching consciousness? New research reignites debate.