Your AI News Source
Octomber 12th, 2023
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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 News
The 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.
Meanwhile, 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.
These 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 News
Here are some other additional AI news stories from this week:
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 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, 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 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 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.
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.
GitHub Copilot, an AI-powered code assistant developed by Microsoft and OpenAI, has been criticized for generating code that infringes on copyrights and licenses.
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, a cloud storage company, introduced Hubs, a new product that allows customers to create custom portals to share content with specific audiences.
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, 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 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.
Google shared its principles and practices for developing and deploying AI for health applications, emphasizing the importance of responsibility, equity, and collaboration.
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, a startup that builds an AI-powered IDE (integrated development environment), raised $8 million from OpenAI to expand its team and product.
Adobe updated Firefly with more features and options to generate more realistic images from various inputs, such as photos, drawings, or words.