- The Strange Review
- Will Biden's new Executive Order on AI stifle innovation?
Will Biden's new Executive Order on AI stifle innovation?
Google commits $2B to Anthropic, Mistral "the OpenAI of Europe" seeks to raise another $300M
Not too long ago, there were huge fears around the invention of the PC, and the internet. Many wanted to control and curtail the innovation happening in the space, particularly in the open source ecosystem.
But get this: a whopping 70 to 90% of all modern software today is built on top of free and open source software projects. What would the world look like today if that innovation was curtailed in the 1980s?
It’s easier to see magic when looking through the rearview mirror to the past. But throughout history, the future is often clouded by fear of the unknown.
Today we see it in effect in AI. This week, the Biden Administration released an Executive Order on the use of AI, which has come under heavy criticism from the open source community. The Executive Order, they say, focus much more on the imagined risks of AI, and less of the potential benefits of the technology.
While the document outlined welcome efforts to upskill and educate workforces on AI, there has been outcry over the Order’s overtly detailed limitations, which puts power in the hands of “Big AI” rather than new entrants.
I firmly believe in humanity’s ability to harness technology to further human potential. In every new technology advancement, there’s always good use-cases and bad use-cases. In the long haul, it’s always netted out better. As AI continues to develop, every company and country in the world are also eagerly exploring how to leverage AI, a potential, very powerful, lever for growth. It will take a nimble hand to navigate regulation and cambrian innovation— it doesn’t often go hand-in-hand.
Till the next edition.
🔥 Latest news
Google commits $2B in funding to AI startup Anthropic. Google agreed to invest up to $2B in Anthropic, building on its earlier investment in the AI company and adding fuel to the race between startups trying to achieve the next big breakthrough in the emerging technology. Google invested $500M upfront into the OpenAI rival and agreed to add $1.5B more over time, people familiar with the matter said. https://tinyurl.com/2dper7vu
Amazon brings conversational AI to kids with the launch of ‘Explore with Alexa’. Amazon’s Echo devices will now allow kids to have interactive conversations with an AI-powered Alexa via a new feature called “Explore with Alexa. The addition to the Amazon Kids+ content subscription allows children to have kid-friendly conversations with Alexa, but in a protected fashion designed to ensure the experience remains safe and appropriate. https://tcrn.ch/46Yseks
OpenAI, Google and ‘a digital anthropologist’: the UN forms a high-level board to explore AI governance. The United Nations announced a new AI advisory board, 39 people from across government, academia and industry, with an aim “to undertake analysis and advance recommendations for the international governance of AI.” https://tcrn.ch/3SyVJWr
Instagram head Adam Mosseri Threads API is in the works. This will give developers a chance to create different apps and experiences around Threads. Mosseri was responding to journalist Casey Newton, who was conversing with a user about a TweetDeck-like experience for Threads. Later, an engineer working on Threads said that the team would start with endpoints for publishing content for the API. https://tinyurl.com/mvfx24rz
Berlin-based AI company Jina AI launched OpenAI rival jina-embeddings-v2, the world’s first open-source 8K text embedding model. This model supports an impressive 8K context length, putting it on par with OpenAI's proprietary model. https://tinyurl.com/3txv26nw
Mistral, the ‘OpenAI of Europe’, seeks to raise $300M. Mistral, an artificial intelligence startup founded by former Meta Platforms and Alphabet researchers, plans to raise an additional $300 million from investors just four months after raising $113 million in a seed round led by Lightspeed Venture Partners. The round is expected to value the Paris-based startup at over $1B. https://tinyurl.com/2xfam72f
Adept’s AI tool can turn any website into a better version of itself – It uses LLMs and other multimodal models to actually read what’s on the screen directly and create a personalized version of website https://tinyurl.com/mr2nctnv
Shutterstock debuts an AI image editor that allows users to add elements to existing Shutterstock library stock photos, extend their borders and the content along with it, change elements within them https://tinyurl.com/mprhbp86
Boston Dynamics leverages ChatGPT to train its robot dog Spot that can now speak and answer questions https://tinyurl.com/3w325stk
💰 Latest Startup Fundings
South Korean generative AI startup Twelve Labs raises pre-series A funding round with participation from NVIDIA
Harmony Games raises $3M in seed round to build an AI puzzle game
Ambient AI, which builds computer vision tools for physical security, announces a $20M strategic investment from Allegion
No-code AI tool Obviously raises a $4M seed round to help companies prep their data for AI models