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| Hey Insiders, Welcome to Inside AI! Here are today's top stories: - U.S. mulling further AI chip export restrictions to China.
- FTX pauses sale of its stake in Anthropic.
- Microsoft launches free generative AI coursework and certification.
Scroll down for some quick hits, and then let us know what other content you'd like to see in future issues! Beth
p/beth-duckett | |
| 1 | | The news: The Biden administration is set to strengthen export controls, limiting shipments of certain AI chips to China, according to the Wall Street Journal. The move could hinder China's AI capabilities amid concerns about hacking and weapons development. Why it matters: The U.S. Commerce Department is expected to release a proposal in July, making it harder to sell specific chips to China without a license. One focus is on Nvidia's A800 chip, designed for the Chinese market in response to earlier restrictions. The company also made adjustments to its flagship H100 chip to ensure compliance. Under the newly proposed controls, even the A800 chip would be subject to export restrictions without licensing. Response: Nvidia CFO Colette Kress said that strong product demand overall means the rules should not materially affect earnings. However, China represents 20-25% of Nvidia's data center revenue, she said, emphasizing the long-term loss of opportunity if exports to China are banned. 
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| 2 | | FTX has halted the sale of its stake in AI startup Anthropic, one of its most desirable assets. At the time of its bankruptcy filing in November, FTX held $500M worth of Anthropic stock. The crypto exchange aimed to sell its stake in Anthropic for a significant amount, given the current AI hype and Anthropic's reported valuation of $4.6B according to Semafor. More: - FTX and Alameda, its sister hedge fund, had invested $500M in Anthropic, representing one of FTX's major investments.
- Earlier this month, Semafor reported that FTX was seeking to sell its shares for "hundreds of millions of dollars."
- Perella Weinberg Partners, FTX's advisor, informed potential buyers about the pause this month despite multiple interested buyers.
- Selling the stake could greatly assist FTX's recovery following the recent disclosure of the misappropriation of $8.7B in user funds, of which ~$7B has been recovered.
Zoom out: - Anthropic, an AI startup founded by former OpenAI staffers in 2021, announced a substantial $450M funding round last month.
- The OpenAI competitor, known for its chatbot Claude, has now raised more than $1.5B, making it among the highest-funded AI startups.
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| 3 | | People are more likely to believe disinformation generated by GPT-3 than disinformation written by humans, according to a new study published in Science Advances. Participants in the study were 3% less likely to detect false tweets generated by AI than human-written false tweets. More: - In the study, the researchers chose common disinformation topics, like COVID-19 and climate change, and used GPT-3 to create true and false tweets. They also collected true and false tweets from Twitter.
- Participants were then asked to decide if the tweets were generated by AI or from Twitter and if they contained accurate information or disinformation.
- The study concluded that the content generated by GPT-3 was "indistinguishable" from organic content, as people surveyed couldn't tell the difference.
- 11% labeled AI-generated disinformation as truthful, which was 37.5% higher than the human-generated content.
Zoom out: - The study's authors aimed to understand how AI can be weaponized to produce disinformation more quickly and at a larger scale.
- According to Giovanni Spitale, one of the authors, the structured and condensed nature of GPT-3's text ordering could contribute to people being more likely to believe tweets written by AI.
- The study raises concerns about the Ai arms race leading to more powerful language models, which could potentially generate even more convincing content.
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| 4 | | Clarkson, a California law firm, has filed a class-action lawsuit against OpenAI, accusing the company of infringing upon copyrights and violating privacy by using scraped data from the web to train ChatGPT. The lawsuit, first reported by The Washington Post, was submitted today in federal court in the northern district of California. More: - The lawsuit tests the theory that OpenAI violated the rights of millions of internet users by using their content without permission.
- Clarkson managing partner Ryan Clarkson said the firm seeks to represent "real people whose information was stolen and commercially misappropriated to create this very powerful technology."
- He aims to establish court-mandated regulations for AI algorithm training and fair compensation for individuals whose data is utilized.
- The law firm currently has plaintiffs and is actively seeking additional ones.
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| 5 | | Microsoft has launched an AI training program in partnership with subsidiary LinkedIn, offering free coursework and certification on generative AI. The AI Skills Initiative is said to offer "the first Professional Certificate on Generative AI in the online learning market." More: - The coursework, initially available in English through LinkedIn's training platform, covers introductory AI concepts and responsible AI frameworks.
- Once they complete the course, participants will receive a Career Essentials certificate.
- Microsoft also plans to provide a trainer toolkit for educators interested in teaching AI courses.
Zoom out: | | | |
| 6 | | 🍋 FRESH FUNDING 🍋 - Santa Clara, California-based Celestial AI, which provides scalable memory and compute resources to develop AI models, secured $100M in Series B funding led by IAG Capital Partners, Koch Disruptive Technologies, and Temasek's Xora Innovation Fund.
- AI-powered data security platform Cyera closed its Series B funding round with $100M in capital. Accel led the funding round with participation from Sequoia, Cyberstarts, and Redpoint Ventures.
- Israeli AI-powered traffic signal platform NoTraffic raked in $50M in Series B funding led by M&G Investments, with participation from NVN Global, UMC Capital, Vektor Partners, North First Ventures, and others.
- European AI-powered medical imaging solutions startup Gleamer raked in €27M ($29.5M) in Series B funding co-led by Supernova Invest and Heal Capital.
- Kleiner Perkins led a $25M Series B funding round into AI-powered video creation platform Captions. Sequoia Capital, Andreessen Horowitz, and SV Angel participated in the funding round.
- San Francisco-based data process automation startup Parabola nabbed $24M in Series B funding led by OpenView. Flexport, Matrix, Thrive Capital, Abstract Ventures, and others participated in the funding round.
For the latest on AI startup funding and more in the VC community, subscribe to our Inside Venture Capital newsletter. | | | |
| 7 | | QUICK HITS - Kubernetes doesn't need to be complex. Join us for a conversation about how to increase developer productivity & reduce your pull request time by 75%.*
- Chinese search engine giant Baidu announced that its latest AI model, Ernie 3.5, performed better than OpenAI's ChatGPT and GPT 4 in certain benchmark and Chinese language tests.
- Firecube Studios has unofficially brought back Clippy, the Microsoft Office assistant, through a new AI-powered app that leverages OpenAI's GPT 3.5 language model.
- AI-powered recruitment software maker Joonko's founder Ilit Raz voluntarily stepped down from the CEO role following allegations of "egregious, unethical and fraudulent conduct, which caused harm to the company and its shareholders."
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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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