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| Hey Insiders, Welcome to Inside AI! Today's lineup includes stories on AMD's new AI chip, AI making the "final" Beatles song, and more. As you scroll down, you'll also find our upcoming events, followed by the Knowledge Hub. Your feedback and input are invaluable, so don't hesitate to share what topics you'd like to see more of in future issues. Happy reading, Beth
p/beth-duckett | |
| 1 | AMD introduced the MI300x, its cutting-edge GPU designed for AI tasks. The generative AI accelerator will be AMD's flagship offering for large AI, competing against market leader Nvidia's offerings. More: - MI300x, with 192 gigabytes of memory, excels in supporting AI applications such as large language models (LLMs).
- Customers will get sample chips in Q3, with production ramping up in Q4 2023.
- CEO Lisa Su said the company believes the data center AI accelerator market will grow from around $30B this year to over $150B in 2027.
- AMD said it has also begun shipping large quantities of its general-purpose central processor chip, "Bergamo," to companies like Meta Platforms.
Zoom out: - AMD, like many chip industry players, is in a race to meet the soaring demand for AI computing.
- Nvidia currently dominates the AI computing market with 80%-95% market share, as reported by analysts.
- In late May, Nvidia's market cap briefly reached $1T after announcing impressive revenue amid booming demand for its AI chips.
- AMD's accelerator could squeeze Nvidia's GPU prices, particularly the H100 model, which can cost $30,000 or more. Lower GPU prices could alleviate some of the high costs associated with serving generative AI applications.
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| 2 | | What happened: Accenture will double its AI staff and invest $3B in its data and AI practice over three years following recent job cuts of 19,000 employees. Why it matters: Accenture said it would heavily invest in generative AI, a rapidly booming area where it already consults and services clients. As part of the three-year investment, the company said it aims to double its AI workforce to 80,000 by 2026 through hiring, acquisitions, and training. Specifics: Accenture also launched the AI Navigator for Enterprise platform to guide clients in defining business cases and making responsible decisions regarding AI. It plans to create industry-specific accelerators for data and AI readiness and launch a Center for Advanced AI. The bigger picture: Other consulting firms, like PwC and EY, have also invested heavily in AI. The business world is embracing AI, with generative AI investments expected to reach $42.6B this year. Accenture's investment solidifies it as a major player in the AI landscape, alongside Salesforce, Oracle, and ServiceNow, though the effects on its existing partnerships are yet to be seen. 
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| 3 | | Paul McCartney said music producers used AI to help create what he calls "the final" Beatles song. AI was used to isolate and extract John Lennon's voice from an old demo and complete a song that had been unfinished for decades, according to McCartney. More: - During an interview with BBC Radio 4, McCartney confirmed that the song would be released later this year.
- Lennon's vocals from a low-quality cassette recording form the basis of the track, which reports speculate could be "Now and Then," an unfinished song recorded by Lennon before his death in 1980.
- The idea to use AI for reconstruction came from Peter Jackson's documentary "Get Back," where AI was used to separate the Beatles' voices from background noise.
- The AI technology allowed McCartney to "duet" with Lennon during his recent tour and for new mixes of the Beatles' album "Revolver."
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| 4 | | U.K.-based AI startup Synthesia announced on Tuesday that it raised $90M in funding, valuing the company at $1B. More than 50,000 businesses, including 35% of the Fortune 100, use Synthesia's technology for creating AI-generated videos using digital avatars. More: - Synthesia said it streamlines the video production process by offering animated avatars that resemble humans, eliminating the need for traditional camera setups or studios.
- Its technology is used primarily for training, product marketing, instructional, and corporate videos.
- It has seen significant growth, with over 12 million videos created on its platform and a user growth of 456% YoY.
- The company said its avatars are created with consent to address concerns about deepfake technology.
- The funding round was led by Accel, with participation from NVentures (Nvidia's venture capital arm) and other investors.
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| 5 | | According to The Wall Street Journal, OpenAI warned Microsoft about the risks of integrating GPT-4 into Bing too quickly, but Microsoft disregarded the warning and launched Bing Chat earlier this year, resulting in sometimes odd, false, or offensive responses. The WSJ report also delves into the alliance between Microsoft and OpenAI, which both support and compete with each other. More: - After the initial launch of Bing AI, Microsoft quickly capped Bing Chat responses and made efforts to improve its reliability, according to the WSJ.
- The company's partnership with OpenAI is described as an "open relationship" with significant influence but not complete control for Microsoft.
- Rather than acquiring OpenAI outright, Microsoft invested in a 49% stake in OpenAI to avoid antitrust scrutiny.
- As a result of the partnership, Microsoft gained early access to OpenAI's technologies, such as ChatGPT and DALL-E 2, which it's used to enhance its Bing search engine and other products.
- In return, OpenAI receives financial support and hosting from Microsoft.
Challenges: - However, OpenAI's competing products and APIs, namely ChatGPT, have created competition with Bing AI.
- In addition, Microsoft employees have complained about reduced spending on in-house AI, restricted access to OpenAI's technology, and overlapping pitches to customers.
- Certain divisions within Microsoft are unable to directly communicate or collaborate with OpenAI.
- Oren Etzioni, CEO of the Allen Institute for Artificial Intelligence, explains that the conflict arises from both Microsoft and OpenAI aiming to profit from similar products.
- Microsoft has seen many benefits as well, such as increased traffic and downloads for Bing.
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| 7 | | How AI is impacting the entertainment industry Inside.com was the first to interview the founders of FBRC.AI, an innovative AI and entertainment accelerator in Los Angeles. The talk covered a range of topics, including FBRC.AI's goals and application process, creating copyright-compliant AI, using blockchain to authenticate AI creations, and trans-media VR. The team at FBRC.AI believe that AI can be used to create more immersive, interactive, and individualized entertainment experiences and are committed to helping developers use AI ethically. Click the image below to watch and read more: 
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- Striveworks, a startup specializing in MLOps tools for AI models, has secured $33M in its first-ever outside funding round.
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 | AI and technology writer | | 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. | | This newsletter was edited by Aaron Crutchfield | |
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