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  • 2 year old AI startup gets acquired for $1.3B

2 year old AI startup gets acquired for $1.3B

PLUS: Adobe's legal step for Firefly and OpenAI's plans

šŸ”„ Daily top AI products and news, on our website šŸ”„
(most popular get included here in the email)

Hey folks, today we have the AI startup Mosiac ML being acquired by DataBricks. A huge win for the ecosystem.

Next up, Adobe is taking legal responsibility for Firefly usage, and Open AI might be going heads-on with Microsoft with an office work app with ChatGPT.

Letā€™s get to it.

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šŸ¤Œ Our Picks

Highlights if you've only got 2 minutes

1/

Step aside you greedy VCs, itā€™s time for acquisitions to take centre stage, and DataBricks is kicking off the show. Theyā€™ve just entered into a whopper of a $1.3B deal to buy MosaicML - the startup building platforms for organisations to train their own state-of-the-art language models for deployment. MosaicLM, with just $64M raised, has been making waves already: Their flagship model has 3.3 million downloads, and theyā€™re big on open-source. Can we call this a step in the direction of democratising AI?

WSJ un-paywalled here.

2/

If youā€™re like me, reading phrases like ā€œindemnity clauseā€ will make your eyes droop and your brain switch off. But trust me on this one, itā€™s worth knowing about - especially if you wanna be a Firefly enterprise customer. (If you didnā€™t know, Firefly is Adobeā€™s AI art generator/editor.) Adobe has gone bold (pardon the pun?) and offered to pay the legal fees of any copyright lawsuits that come to customers as a result of Firefly outputs. Thatā€™s actually a massive, and smart move. It simultaneously demonstrates confidence in their ethical sourcing of images for training, and will lure back those customers who were treading nervously.

3/

An interview with Sam Altman earlier this month (which got taken down) mentioned that OpenAI is not looking to compete with its partners. But this report from The Information flips that on its head.

So, Sam hush hush told some developers about the plans of making a super-work app with ChatGPT, targeting enterprises. This means direct conflict with Microsoftā€”the money machine for OpenAI and Salesforceā€”another of its biggest partners.

There is some news on Twitter about Sam getting interested in AI agents as well.

4/

It looks like the slow pace of Googleā€™s Bard in the race against ChatGPT has pricked the ears of Googleā€™s buddy DeepMind - surely one of the most formidable competitors in a tech race. Watch out OpenAI! Deepmindā€™s CEO claims that their next model Gemini, is gonna be better than ChatGPT, and theyā€™re oozing confidence.

Theyā€™re building it using a combination of typical LLM tech, and methods used in their algorithm that beat pro Go players, they say itā€™ll advance abilities for language models to solve complex problems and analyse text.

šŸ”„ Daily top AI products and news, on our website šŸ”„
(most popular get included here in the email)

šŸ› ļø Cool Tools

Product launches, updates and demos
  • EmbedAI ā€“ Train and embed your own AI. (link)

  • SatoshiGPT ā€“ Your AI for all things crypto. (link)

  • Climb - One-click model deployment & inference without leaving your VPC. (link)

  • Jarside - Feed your website with cost-effective articles. (link)

  • ChatHN - Chat with Hacker News using OpenAI function calling. (link)

  • Torq AI - Your ultimate productivity assistant. (link)

  • BentoML - Platform for software engineers to build AI products. (link) Bento just closed $9M seed round. (link)

  • Drag your GAN - Demo space on Hugging Face. (link)

  • Get shook - Hear your voice in any language. (link)

  • GUS - AI designer in your pocket. A whole new way to build your own corner of the internet. (link)

  • LangTale Playground - Experiment with the latest features of OpenAI, including functions calling without writing a single line of code. (link)

šŸ‘‹ Too many links?! I created a database for all links mentioned in these emails. Refer 1 friend using this link and I'll send over the link database.

šŸ¤“ Miscellaneous

News, podcasts, videos, blogs etc
  • Hope, fear and AI - A survey of 2,000+ US adults. (link)

  • The future of search is being reinvented with generative AI. (link)

  • MotionGPT - Human motion as a foreign language. (link)

  • DragDiffusion: Harnessing diffusion models for interactive point-based image editing. (link)

  • The Chinese model ChatGLM was claimed to have surpassed GPT-4. (link)

  • AI is killing the old web, and the new web struggles to be born. (link)

  • Stability AI Head of Research resigns from the startup. (link)

  • As the generative AI craze rages on, Ramp acquires customer support startup Cohere.io - different from Cohere.ai. (link)

šŸŽ“ Learn

How-toā€™s and resources
  • Codeformer and GFPGAN are both AI image-to-image restoration models. When should you use one vs. the other? (link)

  • Using ChatGPT for data enrichment. (link)

  • LLM powered autonomous agents. (link)

  • Build and scale a powerful query engine with LlamaIndex and Ray. (link)

šŸ“° Unclassifieds

Short, sponsored links 
  • Join CALVENDO's first AI Calendar Award! Showcase your creativity, win international acclaim, and be a star at the Frankfurt Book Fair!

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