Your AI News SourceOctomber 12th, 2023 Brought to you by
Welcome back to the Thursday edition of our AI newsletter. In today’s issue, we bring you updates from the AI world, featuring insights from the pioneers of artificial intelligence. Additionally, we’ll delve into the latest developments in AI companies financials, revealing who’s profiting and who’s facing challenges in this dynamic field. Stay informed and stay ahead with our AI news.
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Today Hot AI NewsChatGPT’s mobile app hit record $4.58M in revenue last month, but growth is slowingThe chatbot industry is facing some challenges, as ChatGPT, one of the leading providers of conversational AI, saw its revenue growth slow down in September. According to TechCrunch, ChatGPT’s mobile app generated $4.58 million in revenue last month, a record high, but only a 2% increase from August. The company attributed the slowdown to increased competition and regulatory scrutiny.
Microsoft is reportedly losing huge amounts of money on GitHub CopilotMeanwhile, Microsoft, another major player in the AI field, is reportedly losing money on its GitHub Copilot service, which uses AI to generate code suggestions for developers. TechRadar reported that Microsoft is spending more on cloud computing and data processing than it is earning from the subscription fees. The service has also faced criticism from some developers who claim that it violates their intellectual property rights.
A ‘godfather of AI’ says he’s worried about AI eventually manipulating humansThese stories highlight some of the risks and opportunities of AI, as well as the ethical and social implications of its development and use. One of the pioneers of AI, Geoffrey Hinton, who is known as the “godfather of AI”, expressed his concerns about AI becoming smarter than humans and potentially manipulating them. In an interview with Business Insider, Hinton said that he hopes that AI will be used for good, but he also warned that humans need to be careful and vigilant about the possible dangers of AI. Other AI NewsHere are some other additional AI news stories from this week: OpenAI plans major updates to lure developers with lower costs, sources say OpenAI plans to update its platform with lower costs and more features to attract developers who want to use its AI models, according to sources. Adobe previews AI upscaling to make old, fuzzy videos and GIFs look fresh Adobe showcased Project Resup, a new AI-powered tool that can upscale low-resolution videos and enhance their quality, at its annual MAX event. Character.AI introduces group chats where people and multiple AIs can talk to each other Character AI, a startup that creates AI chatbots with personalities, launched a new feature that allows users to have group chats with multiple bots and other people. As Meta, Character AI place bets on ‘fun’ chatbots, problems lurk behind AI-generated smiles As Meta and Character AI invest in creating fun and engaging chatbots, some experts warn about the ethical and social implications of AI-generated conversations. Character.AI’s $200 Million Bet That Chatbots Are The Future Of Entertainment Character AI claims that its chatbots can help users improve their mental health, social skills, and creativity, but some critics question the validity and safety of its claims. UK races to agree statement on AI risks with global leaders The UK government is working with other global leaders to agree on a statement that outlines the risks and opportunities of AI, ahead of the COP26 summit. So Far, AI Is a Money Pit That Isn’t Paying Off GitHub Copilot, an AI-powered code assistant developed by Microsoft and OpenAI, has been criticized for generating code that infringes on copyrights and licenses. Demand more from social with AI-powered ads (Google Blog) Google announced a new feature that uses AI to create personalized ads for social media platforms, based on the user’s preferences and goals. Box announces Hubs, a custom portal to share specialized content Box, a cloud storage company, introduced Hubs, a new product that allows customers to create custom portals to share content with specific audiences. OpenText Aviator lets AI fly across expansive enterprise software portfolio OpenText, an enterprise software company, launched Aviator, a new platform that integrates AI across its products and services, to help customers optimize their workflows and insights. AMD acquires open-source AI software pioneer Nod.ai to fortify AI capabilities AMD, a chipmaker, acquired Nod AI, an open-source AI software company, to strengthen its AI capabilities and compete with rivals like Nvidia and Intel. TikTok now supports direct posting from AI-powered Adobe apps, CapCut, Twitch and more TikTok announced a new feature that lets users post videos directly from Adobe apps, CapCut, Twitch, and more, using AI to enhance the quality and effects. HLTH 2023: Bringing AI to health responsibly (Google Blog) Google shared its principles and practices for developing and deploying AI for health applications, emphasizing the importance of responsibility, equity, and collaboration. Adobe is upgrading Photoshop’s generative AI model Adobe revealed Firefly, a new generative AI model that can create realistic images from sketches or text inputs, for Photoshop, Illustrator, and Express users. Anysphere raises $8M from OpenAI to build an AI-powered IDE Anysphere, a startup that builds an AI-powered IDE (integrated development environment), raised $8 million from OpenAI to expand its team and product. Adobe Firefly can now generate more realistic images Adobe updated Firefly with more features and options to generate more realistic images from various inputs, such as photos, drawings, or words. |
