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| Hey Insiders! Here's a quick glimpse at today's top stories: - Gartner says generative AI is at the peak of expectations.
- Google is testing out generative AI tools for life advice, planning, and tutoring.
- OpenAI "acqui-hired" Global Illumination, a startup focused on creative tools and digital experiences.
- OpenAI says GPT-4 can handle content moderation.
If you find this newsletter useful, please share it with your friends and colleagues. Thank you! Beth
p/beth-duckett | |
| 1 | | According to Gartner, generative AI has reached the "Peak of Inflated Expectations" in its Hype Cycle. Gartner's Hype Cycle tracks the maturity of various technologies throughout their lifecycles. The cycle involves five stages: Technology Trigger, Peak of Inflated Expectations, Trough of Disillusionment, Slope of Enlightenment, and Plateau of Productivity. More: - Gartner added generative AI to its Hype Cycle for Emerging Technologies for 2023, forecasting "transformational benefit" in the next 2 to 5 years.
- As per the cycle, current expectations for generative AI are at their peak, but they could soon drop off as excitement fades and it enters the Trough of Disillusionment.
- Gartner believes generative AI will reach the Plateau of Productivity in the next two to five years.
- Other tech expected to reach productivity in that time include AI-augmented, causal AI, and others.
Q: Has generative AI reached its peak of expectations amid all the hype? Tell us what you think here. 
Source: Gartner |     | |
| 2 | | Google's DeepMind is testing out different applications of generative AI, including one offering life advice to users, according to the New York Times. The AI division is said to be working on genAI tools for at least 21 tasks, including tutoring and planning. More: - According to the Times, one of the tests involved asking Googe's Bard chabot about a scenario in which the user couldn't afford airfare to a close friend's destination wedding.
- In addition to life advice, DeepMind is also working on AI tools to teach users new skills and plan things like budgets and workout routines.
- As noted by the Times, it's possible that Google may never launch the tools to the public.
- Additionally, Google has been testing an AI tool that can write news stories.
Zoom out: - The testing comes after Google's AI experts December cautioned executives against users getting too emotionally attached to chatbots.
- AI experts reportedly warned that people turning to AI for life advice could suffer from a "loss of agency."
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| 3 | | OpenAI has acquired Global Illumination, a New York-based startup specializing in AI-driven creative tools and digital experiences. Financial terms of the "acqui-hire" remain undisclosed. The deal comes as OpenAI is seeking commercial success, aiming to increase its revenue from $30M to $200M this year and $1B next year. 
Background: Global Illumination was founded in 2021 by Thomas Dimson, Taylor Gordon, and Joey Flynn, all former employees at Meta Platforms. Global Illumination created Biomes, a Minecraft-like game described as an "open source sandbox MMORPG built for the web." Its team has worked on products at Instagram and Facebook and also made contributions at YouTube, Google, Pixar, and Riot Games, according to OpenAI. Why it matters: In a blog post, OpenAI said that Global Illumination's full team had joined the company to work on ChatGPT and other "core products" without elaborating. According to VentureBeat, the deal could signal OpenAI's pursuit of more multimedia features for ChatGPT or even a video-generating product as it aims to boost revenue. | | | |
| 4 | | Snapchat's AI chatbot shared a self-generated video on the platform, triggering confusion and even fear among some users. Snapchat described Tuesday's incident as a "temporary outage" that has since been resolved. More: - The one-second video, which was the first "Story" the bot has ever posted, showed a beige background with a distinct color at the top, which some users speculated was a ceiling-wall corner.
- After posting the video, the chatbot temporarily stopped responding to user questions, citing technical problems.
- According to TechCrunch, the incident suggests that Snap may be working on a feature for My AI to post Snapchat Stories.
Zoom out: - The chatbot, built on OpenAI's ChatGPT, underwent improvements this year, including new safeguards and parental controls, after tests revealed inappropriate responses to messages from minors.
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| 5 | | OpenAI's GPT-4 language model could shoulder some of the burden of online content moderation, alleviating the mental toll on human moderators who sometimes handle disturbing content, according to OpenAI's latest blog post. GPT-4's content moderation outperforms minimally trained human moderators but still lags behind highly trained human moderators, according to OpenAI. More: - OpenAI said its content moderation system, based on GPT-4, covers multiple content moderation stages, including policy development and actual content removal.
- According to OpenAI, GPT-4 speeds up the process of creating a new policy for moderation from months to hours.
- Changing guidelines require extensive human training, whereas language models can quickly embrace new policies, it said.
- Since tech giants like Meta, YouTube, and TikTok already use AI for content moderation, OpenAI's tech could benefit smaller resource-strapped firms.
- "You don't need to hire tens of thousands of moderators," OpenAI head of safety systems Lilian Weng told Axios.
Related: - Separately, AI-powered digital content moderation startup Hive AI is looking to raise $200M in fresh funding.
- The San Francisco-based startup, which customers identify and block unwanted content, is targeting a valuation close to $4B, nearly twice its prior valuation of $2B in 2021.
Source: OpenAI | | | |
| 6 | | 🍋 FRESH FUNDING 🍋 - AI startup Anthropic secured $100M in funding from South Korean telco company SK Telecom. Earlier this May, Anthropic had raised a $450M Series C round led by Spark Capital.
- Deepset.ai, a German startup creating an LLM development platform for enterprises, secured $30M in fresh funding led by Balderton Capital.
- British quantum computing algorithms company Phasecraft bagged £13M ($16.5M) in Series A funding. Playground Global led the round with participation from AlbionVC, Episode1, Parkwalk Advisors, LCIF, and UCL Technology Fund.
- Conversational AI startup Voiceflow secured $15M in fresh funding led by OpenView Venture Capital.
For the latest on AI startup funding and more in the VC community, subscribe to our Inside Venture Capital newsletter. | | | |
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- AI-generated "pseudo-books" are appearing on platforms like Amazon, making it difficult for buyers to distinguish them from human-written books.
- AP has issued AI guidelines to journalists, allowing them to experiment with ChatGPT for news gathering but cautioning against using AI for publishable content.
- Police in southwest England deployed an AI system called Acusensus to identify law-breaking drivers, capturing nearly 300 violations over three days. Acusensus processes images of passing vehicles to detect breaches like mobile phone use and speeding.
- Consulting giant McKinsey & Company has launched Lilli, an AI chat application developed by its "ClienTech" team, designed to provide information, data, and recommendations to employees
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 | AI and technology writer | | Beth is the curator and writer of the AI and Tech newsletters at Inside. With a career in journalism and editing that began in 2007, she has written for publications including USA Today, The Arizona Republic, Arizona Business Gazette, and more. You can reach her at Beth.Duckett@yahoo.com. | | This newsletter was edited by Aaron Crutchfield | |
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