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| Hi Insiders! Here's today's top AI stories: - Microsoft to launch an AI Copilot for Office apps and Windows.
- Nearly 20% of Indeed jobs are "highly exposed" to generative AI.
- Upcoming AI bill would require companies to self-certify AI systems.
If you find this newsletter helpful, please share it with your friends and colleagues. Thank you! Beth
p/beth-duckett | |
| 1 | | Microsoft has unveiled its new AI assistant for Windows and its 365 productivity software, including Word, Excel, and PowerPoint. During its September event today, Microsoft said that the AI assistant Copilot will launch for Windows 11 users on Sept. 26 and for Microsoft 365 enterprise customers on Nov. 1. More: - Copilot, powered by GPT-4, allows users to generate content by typing in text prompts.
- The rebranded "Microsoft Copilot in Windows" will serve as a personal assistant alongside the search bar on the Windows taskbar.
- Through the AI assistant, users can control elements of the desktop experience using voice or text commands.
- Copilot AI features will be integrated into several default Windows 11 apps, such as Photos and Paint.
- For Office, Microsoft will charge $30 per user per month for business accounts to access Copilot across Word, Excel, PowerPoint, Outlook, Teams, and other 365 apps.
- The tool enables users to access both web data and internal company information for tasks like slideshow creation, spreadsheet analysis, and document summaries.
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| 2 | | Nearly 20% of jobs posted on Indeed are "highly exposed" to generative AI, meaning they require skills that can largely be replaced by the technology, according to Indeed's newly released AI at Work Report. 
What the numbers say: 45.7% of Indeed jobs have a moderate exposure level, where GenAI can perform between 50% and less than 80% of the required skills, while 34.6% are low/minimally exposed, with GenAI handling less than 50% of the skill requirements. Where to see the impact: Software development jobs have the greatest potential for GenAI augmentation, Indeed found, while driving jobs, such as truck and taxi drivers, are least affected by GenAI. Other jobs with minimal exposure include cleaning and sanitation and beauty and wellness roles, which tend to have limited remote work capabilities. Jobs with a higher potential for remote work are more susceptible to GenAI-driven transformations, according to Indeed. Still: Svenja Gudell, Indeed's chief economist, emphasized that GenAI is more likely to enhance or streamline specific parts of a job rather than completely replace it, suggesting that employers will likely adapt and reshape roles, even potentially creating new jobs, due to the rapid growth of GenAI. Q: What steps do you think employees can take to prepare for a job market increasingly influenced by AI and automation? Join the conversation here.
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| 3 | | Senate Minority Whip John Thune (R-S.D.) is expected to introduce a bill this week or next that would require AI companies to self-certify the safety of high-risk AI systems, Politico reports. The bill, in collaboration with Sen. Amy Klobuchar (D-Minn.), aims to adopt a "light-touch" approach to AI governance, Thune told the publication. More: - While not officially introduced, the legislation would require companies to evaluate the impact of their AI systems and certify that they're safe.
- Thune said the goal is to "mitigate against the riskiest applications of AI" with the "heavy hand of regulation" that could harm innovation.
- If passed, the U.S. Commerce Department would be responsible for enforcing the regulation.
- Thune and Klobuchar expect to gain additional Senate cosponsors before introducing the bill.
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| 4 | Google denied reports of dropping Broadcom as a supplier of AI chips in favor of in-house design. Thursday, The Information reported that Google had held extensive talks about dropping Broadcom as the supplier of the tensor processing units (TPUs) as soon as 2027. More: - Such a move could save Google billions of dollars annually amid a months-long dispute with Broadcom over TPU chip pricing, according to The Information.
- After the report came out, a Google spokesperson told Reuters that Broadcom has "been an excellent partner" and the Alphabet subsidiary sees "no change in our engagement."
- Google collaborates with Broadcom on the AI chip design and has already enlisted the semiconductor firm for its sixth-gen processor.
- J.P. Morgan analysts previously estimated that Broadcom could earn $3B from Google this year due to increased TPU orders.
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| 5 | | Enterprise-focused AI startup Pryon raised $100M in funding from investors. Pryon's platform organizes customer data, offering search and chatbot functions for employees to seek insights and extract answers from enterprise knowledge bases. More: - Pryon's platform, described as a "knowledge fabric," interfaces with third-party chatbots and channels, converting different data types into a searchable format for connected front ends.
- Pryon's founder, Igor Jablokov, previously led IBM's multimodal AI research team and founded Yap, a speech recognition company acquired by Amazon in 2011.
- Jablokov compared Pryon to Kendra, Amazon's AI and ML-driven service for enterprise search, consolidating and indexing data from various databases.
Fresh funding: - The company's latest funding round, a Series B, values the firm at over $500M.
- Nearly 80% of the funding came through the U.S. Innovation Technology Fund, a fund backed by billionaire Thomas Tull. Aperture Venture Capital, BootstrapLabs, and Breyer Capital provided the remaining sum.
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| 6 | | Cisco Systems has agreed to acquire Splunk, an analytics and cybersecurity firm, for $28B in cash. The acquisition, which would be Cisco's largest to date, is expected to make the combined Cisco-Splunk entity one of the world's largest software companies, bolstering Cisco's recurring revenue and AI initiatives. More: - Cisco will pay $157 per share in cash, representing a 31% premium over Splunk's closing price on Wednesday.
- The deal reflects Cisco's strategy of shifting away from hardware sales and toward software and services under CEO Chuck Robbins.
- In a statement, Robbins said the acquisition will help Cisco to build the "next generation of AI-enabled security and observability."
- The acquisition is expected to be finalized by Q3 2024, subject to regulatory approval. Cisco faces a $1.48B termination fee if the deal fails.
Zoom out: - Splunk offers software for IT and security operations data monitoring. Cisco sells network equipment (routers, switches) and provides security services and software products.
- In 2022, Cisco made a $20B+ offer for Splunk, which failed to come to fruition. The two companies already have a data security partnership.
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| 7 | | Quick Hits: - FinOps can be a game-changer for your organization. This guide shares expert tips on efficient cost management. Read now.*
- YouTube unveiled four new AI-powered tools, including AI Insights for generating video ideas from audience preferences and Dream Screen for creating unique backgrounds in YouTube Shorts.
- Pennsylvania Governor Josh Shapiro signed an executive order on Wednesday to develop guidelines for generative AI usage at state agencies. The order also creates a Generative AI Governing Board.
- A team of Japanese researchers developed an AI system that interprets emotional states in chickens using a technique called Deep Emotional Analysis Learning.
- The Defense Department and Google co-developed an AI-powered microscope, the Augmented Reality Microscope, aimed at assisting doctors in cancer identification.
- With the right process and tools, dev teams can ship gold every week. This guide breaks down a proven approach to product delivery.*
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 | AI and technology writer | | Beth is the writer of Inside's AI and Tech newsletters, with a career spanning journalism and editing since 2007. She has written for publications including The Arizona Republic, USA Today, and others, and authored a book on the solar industry in 2016. Reach out to her at Beth.Duckett@yahoo.com. | | This newsletter was edited by Aaron Crutchfield | |
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