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| 1 | | U.S. Senate Majority Leader Chuck Schumer and others have organized three senators-only briefings covering AI, including a classified briefing. The bipartisan briefings will cover general AI applications, U.S. leadership in the field, and AI in defense, intelligence, and their implications. More: - In a letter addressed to colleagues Tuesday, Schumer and other lawmakers said the Senate needs to deepen its expertise on AI, which is "already changing our world."
- The briefings, set to take place during this work period, will cover the following topics:
- "Where is AI today?" will give senators a basic overview of AI, what it's capable of, and where it's being deployed.
- The second briefing, titled "What is the frontier of AI and how do we maintain American leadership?" will explore AI's future and how it could develop over 10 years.
- The final classified briefing is "How do the Department of Defense and Intelligence Community use AI today, and what do we know about how our adversaries are using AI?"
Zoom out: - In April, it was reported that Schumer was leading a congressional charge to regulate AI as the industry booms.
- The New York Democrat has circulated a framework for future AI regulations, which he said would help avert "potentially catastrophic damage to our country while simultaneously making sure the U.S. advances and leads in this transformative technology."
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| 2 | | What happened: GitLab shares had a record-breaking one-day surge after the company reported better-than-expected earnings that played up its AI efforts, capitalizing on the ongoing AI boom. 
Why it matters: The software development platform said it delivered five new AI features in Q1 and another five last month. It unveiled plans for its AI-powered "ModelOps" feature, which includes code writing suggestions and is set to launch later this year at $9 a month. Quotable: "With AI revolutionizing how companies develop, secure, and operate software, we believe GitLab is positioned as the leading AI-powered DevSecOps platform," said CEO and co-founder Sid Sijbrandij in its earnings results. What the numbers say: In the report, GitLab highlighted its AI credentials, which appeared to impress investors. The software provider surpassed expectations, with revenue reaching $126.9M, a 45% growth. 
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| 3 | | According to a Forbes report, Stability AI founder Emad Mostaque has been accused of making exaggerated statements about his background and the company. Mostaque is also CEO of the AI visual art startup. According to Forbes, he may have misrepresented his educational credentials, claiming to have a master's degree from Oxford University, and exaggerated the extent of Stability's role in developing the popular Stable Diffusion AI image generator. More: - Stable Diffusion was initially created by researchers from Ludwig Maximilian University (LMU) and Heidelberg University.
- While Stability provided a supercomputer to help with the model, the original developers told Forbes that Mostaque misled the public about how the system was created.
- In response, Mostaque said Stability AI has repeated publicly that it was a collaborator in Stable Diffusion's first release, alongside the Computer and Vision learning group at LMU and Runway, another AI startup.
- Mostaque also said he didn't attend his graduation ceremony to pick up his degrees, so he technically does not have a BA or an MA.
Other claims: - The report also claims that Stability falsely portrayed organizations such as Amazon, the OECD, WHO, and World Bank as partners.
- It highlights concerns about payroll, unpaid invoices, and financial transactions between Stability and Mostaque-controlled accounts, although Stability has said these were loans.
- Stability AI previously made headlines when it raised $101M in funding at a post-money valuation of $1B.
- Forbes reports that its efforts to seek additional funding at a higher valuation have now stalled.
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| 4 | | Instagram is reportedly developing an AI chatbot, as revealed by app researcher Alessandro Paluzzi. His leaked images suggest that the chatbot will be able to answer questions, offer advice, and help write messages. More: - Paluzzi's screenshots show that Instagram users would get to choose from 30 different personalities for the chatbot.
- Users will be able to invite the bot to join ongoing conversations by mentioning it with the @ symbol.
- Some of the features bear similarities to Snapchat's My AI chatbot, which has not been well received.
- In addition to the chatbot, there are rumors of Instagram working on a Twitter competitor, codenamed Barcelona, which would be a standalone text-based app integrated with Instagram.
- Meta has expressed plans to experiment with AI on Instagram, as well as Messenger and WhatsApp.
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| 5 | | Instabase, a business application development platform, raised $45M in a funding round led by Tribe Capital, doubling its valuation to $2B. The startup is incorporating OpenAI's large language models into its platform, allowing users to create AI-powered apps without needing to build specific models. About the company: - Instabase launched AI Hub, a repository of AI applications and generative AI-based tools.
- The company offers a platform for building enterprise apps and analyzing unstructured data using AI.
- Its tools enable content understanding, document processing, and workflow automation for tasks like receipt processing and income verification.
Funding: - CEO Anant Bhardwaj aims for profitability over growth and expects revenue this year of over $50M.
- Other investors in the round included NEA, Andreessen Horowitz, and Spark Capital.
- Instabase previously raised $105Mn in a 2019 Series B round, which valued the company at over $1B at the time. It's raised $177M to date.
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| 6 | | New job postings in AI: - Artificial Intelligence Machine Learning Analyst, Lead
- Booz Allen Hamilton | Arlington, Virginia
- Artificial Intelligence Technical Advisor
- Johns Hopkins Applied Physics Laboratory | Arlington, Virginia
- Artificial Intelligence / Machine Learning Engineer
- Lockheed Martin | Manassas, Virginia; Moorestown, New Jersey
- Conversational AI Engineer
- Spherex | Santa Clara, California
- Sr. Manager — Machine Learning Engineer
- Capital One | McLean, Virginia, and New York, New York
- Business Development Manager Artificial Intelligence Consultant
- Microsoft | San Francisco
- Data Scientist — Enterprise AI Consultant
- NVIDIA Professional Services | Santa Clara, California/Remote in other locations
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- Priceline plans to introduce an advanced chatbot and personalized hotel recommendations akin to a personalized concierge, utilizing AI from Google.
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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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