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| Hey Insiders, Welcome to the AI newsletter! Here are today's top stories: - ChatGPT sees its first decline in global website traffic.
- New York City is now enforcing its AI in hiring law.
- Nvidia has quietly acquired OmniML.
- AI-assisted music eligible for Grammys with "meaningful" human contribution
Beth
p/beth-duckett | |
| 1 | | After a period of rapid expansion, ChatGPT's growth trajectory has finally slowed down. ChatGPT saw a nearly 10% decrease in global website traffic in June, marking its first decline since its launch in November, according to Similarweb data. More: - Worldwide desktop and mobile traffic to the ChatGPT website fell by 9.7% last month compared to May.
- In the U.S. only, the decline was 10.3%.
- Unique visitors to the website also dipped by 5.7%, and the time spent on the site went down by 8.5% in May.
- Despite the decline, ChatGPT still attracts more visitors than Micosoft's Bing.com AI search engine and Character.AI, a competing AI chatbot site.
- It claims over 1.5 billion monthly visits, ranking among the top 20 websites globally.
Zoom out: - The recent launch of the ChatGPT app on iOS may have contributed to the decline in site traffic.
- Summer break for schools may also be a factor as fewer students use it to help with their coursework.
Source: Similarweb. |     | |
| 2 | | The news: New York City is now enforcing its AI employment law, which requires companies using AI-infused hiring programs to prove that their technology is unbiased. Details: It's now illegal for employers or employment agencies to assess NYC job candidates and employees using AI tools without doing independent bias audits. They must disclose those results publicly on their websites and inform candidates and current employees living in NYC about their use of AI in hiring. Why it matters: Employers, not vendors, are responsible for compliance, with penalties of $375 for the first violation, $1,350 for a second, and $1,500 for subsequent violations. The law is expected to influence AI hiring practices nationwide. At least four other states — California, New Jersey, New York, and Vermont — and the District of Columbia are also working on laws to regulate AI in hiring. Other states like Illinois and Maryland have already implemented laws restricting certain AI technologies, such as workplace surveillance and candidate screening. What the numbers say: Talent-sifting software is employed by 99% of Fortune 500 companies, and 55% of U.S. HR leaders rely on predictive algorithms for hiring. However, a Pew Research survey reveals that over 70% of Americans oppose the use of AI for final hiring decisions, and 41% are not supportive of using the technology to review job applications. 
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| 3 | | Nvidia has quietly acquired OmniML, an AI startup specializing in compressing machine learning applications for edge devices. The acquisition took place in February but was recently made public. An Nvidia spokesperson confirmed the company's intention to integrate OmniML's technology into its AI software. More: - OmniML's focus is shrinking ML models to bridge the gap between AI applications and edge devices.
- Its software focuses on models for computer vision applications, such as enabling a smart camera or self-driving car to identify nearby objects.
- The acquisition suggests that Nvidia wants to enhance its AI hardware for areas like autonomous vehicles, industrial robots, and drones.
- Omni's team could also help miniaturize AI software for chatbots, enabling it to run on devices instead of in the cloud in data centers.
- The deal's terms were not disclosed.
About Omni: - OmniML was founded in 2021 by Di Wu, a former Facebook engineer, along with Song Han, an MIT professor in electrical engineering and computer science, and Huizi Mao, a co-inventor of deep compression technology.
- In March 2022, the California-based raised $10M in seed funding led by GGV Capital.
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| 4 | | Google said it has the right to use almost any online postings to train its chatbot, Bard. The company recently revised its privacy policy to clarify that its AI services, including Bard and Cloud AI, may use publicly available web data for training purposes. This means that any online comments or statements, regardless of their relation to Google services, could potentially be used to train AI chatbots and similar systems. More: - The update aims to offer clarity on the company's long-standing practice of leveraging publicly accessible data for training language models like Google Translate.
- It now states that newer services like Bard, its AI chatbot, are included.
- The policy also specifies that the data will be used for "language models" rather than "AI models."
Zoom out: - The move follows the recent filing of a class-action lawsuit against OpenAI, which alleges unauthorized scraping of data for training its AI systems.
- Twitter and Reddit have also announced API pricing changes to limit data harvesting for AI training, though these changes have faced backlash from their respective communities.
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| 5 | AI-assisted music can qualify for Grammy Awards if there is a meaningful human contribution, says Recording Academy CEO Harvey Mason Jr. "What's not going to happen is we are not going to give a Grammy or Grammy nomination to the AI portion," he clarified to the Associated Press. More: - The Recording Academy, which presents the Grammys, recently updated its rulebook to specify that only human creators are eligible for the awards.
- While AI-assisted songs can be considered for awards, fully AI-generated tracks are disqualified.
- According to Mason, a "meaningful" human contribution is required for Grammy nominations and wins, and technology should enhance human creativity rather than replace it.
- While it's uncertain whether AI-created music will receive nominations next year, the Academy expects that some submissions will incorporate AI technology.
- The 2024 Grammy Awards are scheduled for Feb. 4, 2024.
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| 6 | | 🍋 FRESH FUNDING 🍋 - New York-based applied AI research firm Runway extended its Series C funding round with an additional $141M from Google, NVIDIA, Salesforce Ventures, and other existing backers.
- Typeface, a generative AI platform for enterprise content creation, entered the unicorn club after an oversubscribed $100M Series B round led by Lightspeed Ventures Partners, Madrona, GV, Menlo Ventures, and M12.
- AI-powered threat intelligence, automation, and threat response startup Cyware secured $30M in Series C funding led by Ten Eleven Ventures, with participation from Advent International, Zscaler, Prelude, and others.
- Canadian AI-powered geological exploration and resource digitization services provider GeologicAI secured $20M in Series A funding from Breakthrough Energy Ventures.
- JuliaHub, a Cambridge, Massachusetts-based startup that provides a code-to-cloud platform to accelerate the development of AI and ML models, nabbed $13M in strategic financing from AE Industrial Partners Horizon X, a VC firm formed by AE Industrial Partners and The Boeing Company.
- Cambridge, U.K.-based computer vision spinout Robok raised $2.1M in growth funding.
For the latest on AI startup funding and more in the VC community, subscribe to our Inside Venture Capital newsletter. | | | |
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- OpenAI is creating a team, to be led by Chief Scientist Ilya Sutskever, that will focus on developing methods to guide and manage "superintelligent" AI systems. Sutskever and Jan Leike, an alignment team lead, believe AI could surpass human intelligence within the next decade.
- Researchers used FourCastNet, an AI framework developed at Nvidia, Caltech, and Lawrence Berkeley Lab, and other tools to predict extreme weather risks three weeks in advance.
- According to Business Insider, the number of AI-related courses offered by Stanford University has doubled in five years.
- Matt Wood, VP of product at AWS, described AI as a "mathematical parlor trick" that helps humans make better decisions and operate more efficiently.
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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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