Microsoft is preparing to demo new AI integration with Office apps such as Word, PowerPoint, and Outlook, sources tell The Verge. The tech giant has tentatively scheduled a reveal of the plans for March. More: - According to The Verge, Microsoft is integrating OpenAI's new Prometheus AI model and language technology into the productivity apps.
- Prometheus, which also underpins the AI in Microsoft's new Bing search engine, is based on a next-generation OpenAI model more powerful than ChatGPT.
- The plans corroborate a previous report by The Information, which said that Microsoft is working to bring GPT text generation abilities to Word, Outlook, PowerPoint, and more.
- For example, it said AI in Outlook could be used to improve search results and suggest replies to emails.
- In Word, Microsoft is looking into how GPT technology could suggest alternative words and phrases while the user types.
- Microsoft could expand the capabilities to other applications in the Microsoft 365 Office productivity suite.
THE VERGE 
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More than 1 million people signed up to try Microsoft's new AI-enabled Bing within the first 48 hours the waitlist became available, according to company executive Yusuf Mehdi. Microsoft announced the new version of Bing on Tuesday. More: - That day, the new Bing went live in a limited preview, though that only includes pre-set queries to try out.
- Users can join a waitlist to request full access to the AI-powered Bing. The early preview is expected to launch in the next few weeks.
- The new Bing uses AI to search for and summarize web content in a conversational manner, showing annotated answers.
- Additionally, the results page offers a new AI chat interface for users to converse with a chatbot about their search.
SEARCH ENGINE LAND
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Venture capital firm Radical Ventures has brought on AI expert and luminary Fei-Fei Li as a partner. Li, a Stanford University professor and co-director of its Human-Centered AI Institute, is known as the creator of the ImageNet project, a database of images that's been used to train computer vision algorithms. More: - According to Axios, Li will still teach at Stanford while juggling her new role at Toronto-based Radical Ventures, a VC fund that backs AI startups.
- Li told Axios, "Nobody lives in a vacuum — AI doesn't live in a vacuum. It's impacting people and jobs."
- Her new role comes shortly after Radical Ventures launched a new $550M fund to support AI startups in the early stages.
- Li is a leading investor in that fund, along with former Google CEO Eric Schmidt's family office and deep learning pioneer and Turing Award winner Geoffrey Hinton.
- Radical's current portfolio includes the AI startups Cohere, Reka, and AI-powered search engine You.com.
AXIOS
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IBM announced Vela, its AI supercomputer on its public cloud service. As of right now, Vela is only available to IBM researchers, who can use it to develop, tune, and train AI foundation models. More: - While IBM began using Vela in May, it only announced the machine to the public this week.
- The 60-rack AI supercomputer in the cloud is powered by Nvidia A100 Tensor Core GPUs.
- IBM scientists and engineers have used the machine to better understand foundation models, such as DALL-E and GPT-3, which are trained on vast amounts of unlabeled data and can be fine-tuned for a variety of downstream tasks.
- IBM said Vela is natively integrated into its cloud VPC environment, enabling AI workloads to use its more than 200 cloud services.
THE REGISTER
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Private equity firm Mercato Partners has closed on a $400M fund for investing in high-growth technology companies. One of the companies in its portfolio is Lambda, which specializes in deep learning AI infrastructure. More: - Utah-based Mercato announced Lambda as one of the five key investments in the $400M Traverse Fund IV portfolio.
- Lambda designs workstations, servers, and laptops for deep learning tasks.
- The San Franciso-based company says it provides hardware to many in the Fortune 500, including Intel, Microsoft, and Amazon, as well as universities such as MIT, Stanford, and Harvard.
- Other companies in the Traverse Fund IV portfolio include Atomic, Klover, Paytient, and Prime Trust.
- Founded in 2007, Mercato has invested in 67 companies since its inception.
TECHBUZZ
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Weekly roundup — Other top AI stories you might have missed this week: - Google announced Bard, a conversational AI service that will compete with ChatGPT. Bard, an experimental technology, is opening to a group of testers today before a wider release to the public in several weeks.
- After the announcement, it was found that Google's Bard made an error, which may have caused company shares to close down 7% on Wednesday. Google lost $100B in market value that day, largely attributed to the inaccurate response that Bard gave about the James Webb Telescope in an advertising demo.
- Microsoft unveiled its new Bing search engine and Edge browser powered by AI. Microsoft announced the tools — which it called an "AI copilot for the web" — during a surprise event at its HQ. The new Bing relies on OpenAI's "Prometheus model," a more powerful version of GPT 3.5.
- Google Labs executive Clay Bavor said he is leaving the company to launch an AI startup with former Salesforce co-CEO Bret Taylor. In a LinkedIn post, Bavor said he and Taylor "share an obsession" with AI's advancements and are "excited to build a new company to apply AI to solve some of the most important problems in business."
- Chinese e-commerce giant Alibaba Group Holding said it's testing a ChatGPT-style AI tool. Damo Academy, the company's research institute for cutting-edge technologies, is now doing internal testing. Alibaba did not say when it could publicly release the tool.
- Twitch suspended an AI-generated Seinfeld parody after one of the characters made transphobic remarks. The AI streaming show "Nothing, Forever" will be banned from the platform for at least 14 days.
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 |  | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. She has written the Inside AI newsletter since 2019. You can reach her at Beth.Duckett@inside.com. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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