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| Welcome to the latest AI newsletter! Here are today's top stories: - ChatGPT traffic fell in August but is stabilizing.
- The IRS is using AI to crack down on potential tax violators.
- Anthropic introduced Claude Pro, its paid chatbot service.
If you find this newsletter useful, please share it with your friends and colleagues. Thank you! Beth
p/beth-duckett | |
| 1 | OpenAI's ChatGPT website experienced a third straight month of declining traffic in August, although there are signs that the decline is coming to an end, according to data from Similarweb. More: - Global website visits to the chatbot site fell by 3.2% to 1.43 billion in August.
- This is a less steep drop than in June and July, when ChatGPT traffic dropped nearly 10%.
- In August, there was a slight increase in the number of unique visitors, and the U.S. saw a small uptick in website visits.
- The return of schools in September, particularly in the U.S., is likely driving the resurgence in ChatGPT's traffic, with college-age users and younger seeking homework assistance.
- The launch of the ChatGPT iOS app in May might have also redirected some website traffic.
Q: Do you believe there is still room for ChatGPT's popularity to grow? Join the conversation here. 
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| 2 | | The IRS is employing AI to target tax schemes among wealthy individuals and businesses, including auditing 75 major partnerships such as those between hedge funds, real estate investors, and publicly traded companies. AI can enhance pattern recognition and reveal previously hidden trends, according to Daniel Werfel, the IRS commissioner. More: - The IRS is targeting tax evaders with reported incomes above $1M who owe more than $250,000 in back taxes.
- Supported by Inflation Reduction Act funds, the effort targets roughly 1,600 taxpayers.
- The IRS will also audit 75 large partnerships with over $10B in assets on average.
- Machine learning has helped identify the targets, which weren't disclosed.
Zoom out: - In 2021, a group of academic economists and IRS researchers found that the wealthiest 1% of U.S. income earners do not report over 20% of their earnings to the IRS.
- The agency started AI experiments for income tax accounting in 2021.
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| 3 | | AI company Anthropic introduced Claude Pro, the paid version of its Claude 2 chatbot. San Francisco-based Anthropic is one of the best-funded generative AI startups in the Bay Area, behind only OpenAI and Inflection AI. Claude competes with both ChatGPT and Inflection AI's Pi chatbot, among others. 
Details: Anthropic's subscription-based Claude.ai chat experience is priced at $20 per month in the U.S., the same as the ChatGPT Plus plan. While Anthropic still offers a free version, Claude Pro offers priority access during high-traffic periods, the ability to send more messages, and early access to features. Why it matters: Claude's key advantage over ChatGPT is its extensive 100,000-token context window, which allows it to process approximately 75,000 words in one go, making it more suitable for longer documents and conversations compared to ChatGPT's 8,000-token limit in GPT-4 mode. Q: What other ways do you think companies like Anthropic, OpenAI, and Inflection AI could make their AI chatbots more user-friendly? Join the conversation here. | | | |
| 4 | | Imbue, an AI startup working on building AI agents capable of reasoning, has raised $200M in funding, valuing the company at over $1B. Imbue aims to develop AI agents that can autonomously handle complex tasks, from research to coding. More: - Imbue, formerly known as Generally Intelligent, said it has access to 10,000 Nvidia H100 GPUs to support its work.
- The AI research lab is focusing on developing AI models with "internal reasoning benchmarks" and creating internal prototypes.
- At present, its primary focus is on AI agents capable of coding.
- The Series B funding round was led by the Astera Institute, a nonprofit founded by cryptocurrency billionaire Jed McCaleb, and included participation from Nvidia and Cruise CEO and co-founder Kyle Vogt, among others.
- The funding brings Imbue's total raised to $220M.
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| 5 | | Microsoft is offering legal protection to customers who use its AI Copilot products in the event of copyright infringement lawsuits. The company announced its "Copilot Copyright Commitment" to pay legal damages on behalf of commercial AI customers sued for copyright infringement. More: - Microsoft will cover any adverse judgments or settlements resulting from those lawsuits as long as customers use the built-in safeguards and content filters built into its products.
- Microsoft has integrated its generative AI services, such as Copilot, into various products, including Windows 11, Edge, Teams, and Outlook.
- The protection extends to paying customers of Microsoft 365 Copilot and GitHub Copilot.
- It does not apply to non-commercial users of free AI-powered services like Bing.
Zoom out: - Other software developers, like Adobe, have made similar pledges to reassure users in the growing field of generative AI.
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| 6 | | Weekly roundup — The top AI stories you might have missed this week: - Attorneys general from all 50 states have urged Congress to address the use of AI in child exploitation. In a letter sent this week to House and Senate leaders, the prosecutors called on lawmakers to expand restrictions on child sexual abuse materials to also cover AI-generated images and videos.
- As of this week, Chinese tech companies have released over 70 large language models, according to Baidu CEO Robin Li. Baidu, SenseTime, Baichuan Intelligent Technology, Zhipu AI, and MiniMax have all received regulatory approval to launch their AI chatbots publicly.
- Apple is allocating millions of dollars per day to train and develop its AI language models and technology, according to The Information. Apple's advanced LLM, internally named Ajax GPT, is reported to surpass OpenAI's GPT-3.5 with over 200 billion parameters.
- Starting in November, Google will require all political advertisers to disclose AI-generated and altered content. The disclosure on videos, images, or audio must be "clear and conspicuous" and include statements like "this audio was computer generated" or "this video content was synthetically generated."
- Zoom now offers its AI assistant, rebranded as "AI Companion," for free to paying platform users. It's an enhanced version of Zoom's intelligent assistant, which is becoming a central feature of the platform.
- Time published its first-ever list of the 100 most influential people in artificial intelligence. The TIME100 AI issue covers the "leaders, pioneers, innovators, and thinkers who are shaping today's AI landscape."
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- Nvidia has partnered with India's Tata Group to provide computing infrastructure and platforms for AI development.
- IBM has unveiled new generative AI models, known as the Granite series models, within its Watsonx data science platform.
- Roblox announced the Roblox Assistant, its conversational AI assistant for creating virtual environments and more.
- A shortage of high-end Nvidia AI chips, including the A100 and H100, is expected to last at least through the end of 2024 due to a shortage of advanced packaging capacity, according to TSMC, the manufacturer.
- Recording Academy CEO Harvey Mason Jr. clarified that the AI-generated Drake song "Heart on My Sleeve" will not be eligible for a Grammy award.
- ARM targets $60B IPO valuation, Instacart at $24B. Get access to the Top 25 pre-IPO deals like Stripe, OpenAI, Databricks and Anduril.*
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INSIDE AI LEADERBOARD (7 DAYS) |
 | 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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