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| Hey Insiders — Today we are bringing you the latest on Meta's open-source AI music creator, Salesforce's launch of AI Cloud for enterprises, and the FBI's warning about a rise in extortion scams involving AI-generated content. Let us know which AI topics you would like to see in future issues! Beth
p/beth-duckett | |
| 1 | | The news: Meta released MusicGen, an open-source AI music generator that's described as "ChatGPT for audio." Details: Trained on 20,000 hours of licensed music and more, MusicGen can create new songs from text or melody prompts. It allows users to describe their desired music style, optionally provide a tune, and click "generate" for about 12 seconds of audio. While it can't produce vocals, it specializes in instrumentals, though the generations tend to fall short of professional quality. A demo is now available on Facebook's Hugging Face AI site. What brands should care: The release comes about a month after Google made its text-to-music AI, MusicLM, available for testing. The model generates a 20-second music sample based on a text prompt, with some samples including "wawawa" vocals. What the numbers say: The global market for generative AI in music was valued at $229M in 2022 and is expected to grow rapidly at a CAGR of 28.6%. By 2032, it is projected to generate revenue of over $2.6B. 
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| 2 | | U.K. Prime Minister Rishi Sunak announced that Google DeepMind, OpenAI, and Anthropic have agreed to provide the country with early access to their AI models. The move is a part of Sunak's plan to establish the U.K. as a hub for AI research and AI regulation. More: - In the fall, the U.K. will be the first government worldwide to host a global summit on AI safety.
- It's also pouring £100M ($124M) into creating an AI task force, which aims to create foundation models and boost the country's AI competitiveness and economy through "sovereign" AI technology.
- The U.K. is seeking to compete with global tech giants in the AI field and establish itself as an attractive destination for tech businesses and investments.
- In the meantime, Sunak is emphasizing the importance of understanding the opportunities and risks of AI systems through research and safety evaluations.
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| A message from our sponsor, A.Team. |  | | You’re Invited: Unleash the Power of Generative AI at A.Team's Salon Are you ready to transform your product roadmap? Join us at A.Team's Gen AI Salon on June 15th. This event brings together top data science and product experts from leading AI companies to share their insights on how Generative AI can revolutionize product development. In May, we partnered with Baseten, Cooley, and OpenAI to bring together the world's best AI experts for an evening Summit, where we showcased groundbreaking prototypes from our Enterprise AI Hackathon and engaged in insightful discussions on the most promising use cases of Generative AI with Fortune 500 leaders. At the upcoming salon, we’re continuing the conversation to delve into how Generative AI can revolutionize your product roadmap. Whether you tune in from home or join IRL at our Clubhouse in NYC, don't miss this chance to harness the transformative power of Generative AI for your product. Secure Your Spot Now | |
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| 3 | | Salesforce Ventures plans to double the size of its generative AI fund to $500M just three months after its launch. The fund, its largest to date, has initially invested in four AI-centric companies: Anthropic, Cohere, Hearth.AI, and You.com. More: - Since then, Salesforce Ventures has made additional investments in Humane, the developer of an AI-powered wearable assistant, and Tribble, a GTM automation platform that uses AI agents to optimize marketing assets.
- The company's venture capital arm said it differentiates itself by prioritizing ethical AI technologies.
- The fund is intended to shore up the startup ecosystem and support the development of "responsible" generative AI technologies.
- The VC arm's prior investments have included Zoom, DocuSign, and Snowflake.
- Salesforce is also launching the AI for Impact Accelerator, providing funding and support to organizations working on generative AI solutions for education, workforce, and climate challenges.
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| 4 | | Salesforce is launching AI Cloud, a suite of enterprise-ready AI tools. The solution integrates with various Salesforce applications and hosts AI models, including text generators from AWS, OpenAI, Anthropic, Cohere, and others. More: - The platform allows marketers to generate personalized content for customers and developers to auto-generate code.
- The models, hosted on Salesforce's cloud infrastructure, also include first-party models developed by the company's AI research division.
- The AI Cloud also includes prompt templates and builders to improve the quality and relevance of AI-generated content.
- At its core is Salesforce's new Einstein Trust Layer, a service meant to ensure data privacy and security, such as preventing sensitive customer data from being retained via text-generating models.
- AI Cloud is set to launch later this year, with the Einstein Trust Layer becoming generally available in the coming weeks.
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| 5 | | The FBI has warned about a rise in extortion schemes involving AI-generated fake explicit content. The agency is advising caution when posting personal content online as malicious actors are taking images from social media to create deepfake content for blackmail purposes. More: - According to the FBI, bad actors are manipulating victims' images using AI tools, which are rapidly becoming more sophisticated.
- The altered content is then used for sextortion, blackmail, or harassment.
- Since April 2023, there has been a major uptick in the number of AI-based sextortion schemes, where perpetrators demand payment or explicit material, the FBI noted.
- The agency advises the public to monitor their children's online activity, use privacy settings and strong passwords, and employ multi-step authentication to protect accounts.
- It also cautions against accepting unfamiliar friend requests, as well as refraining from giving money or valuable items to unknown individuals.
- The FBI acknowledges that the extortion schemes could violate multiple federal criminal laws.
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| 6 | | AI Events and Conferences: - Big Data and Analytics Summit Canada: June 13-14, Toronto.
- Deep Learning World: June 18-22, Las Vegas.
- Ai4 2023: Aug. 7-9, Las Vegas.
- AI Hardware Summit: Sept. 12-14, Santa Clara, California.
- Edge AI Summit: Sept. 12-14, Santa Clara, California.
- MLCon NYC 2023: Sept. 25-28, New York or online.
- AIAI Computer Vision Summit — Berlin: Oct. 5, Berlin, Germany.
- AI World Barcelona: Generative AI Conference: Nov. 14-15, Barcelona, Spain.
- AI & Big Data Expo Global 2023: Nov. 30-Dec. 1, Olympia, London.
- The AI Summit New York: Dec. 6-7, New York City.
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- Citing concerns about research integrity and privacy, the prominent scientific journal Nature has decided not to publish images or videos created through the use of generative AI tools.
- Shares of AI and ML startups account for 25% to 30% of total investor demand on EquityZen's secondary share marketplace, according to co-founder Phil Haslet.
- NEA and Bain Capital Ventures led a $45M capital infusion into the AI efficiency platform Granica.
- OpenAI has released an update for ChatGPT on iPad, optimizing it for the entire iPad screen. The new version also includes features like drag-and-drop, Siri integration, and Shortcuts support.
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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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