Keeping up with the AI industry is no easy task. Between finding the news, research, and experiments that make AI tick, staying informed can be a full-time job. To fill the gap and provide a fast-paced yet comprehensive update of the last week in AI, this handy roundup compiles the stories, developments, and trends shaping the industry.
Amazon’s Bedrock, its latest foray into the complex and highly Profitable AI space, was the largest news story of the week. Its limited preview presents users with access to a variety of pre-trained models, including AI21 Labs, Anthropic, and Stability AI’s Titan FMs (foundation models) – all trained in-house by Amazon. With its stated aim of creating a generative AI market worth $100 billion by 2030, Amazon hopes that Bedrock will be the answer its cloud division has been searching for. The company recently reported 27% year-over-year revenue growth from its cloud services in Q3 of 2022, followed by a decrease in operating margin at the end of the quarter. To further demonstrate its commitment to the AI industry, Amazon released CodeWhisper, its system of automated code creation from text prompts, to the public.
At the same time, Meta, a computer vision start-up, open-sourced one of their most popular experiments: animating drawings of people. This technology proved to be delightfully simple and won over users through its unexpected application. To leverage the interest of the experiment, they also released Segment Anything, part of Vision-as-A-Service’s computer vision specializing in identifying and outlining objects. This reveals the ever-growing importance of AI and its applications and Meta hopes free access to their experiment will encourage further development and usage of the technology.
Professor Stuart Russell, a familiar face in the AI and technology space, has given lectures and talks over the years, and a recent presentation hosted by another well-known innovator, Ken Goldberg, sought to answer how we can avoid letting AI “destroy the world.” With the rising demand for AI and its potential implications, Professor Russell strides to educate the public and develop the technology for the betterment of mankind.
Though Amazon, Meta, and Professor Russell may represent a fraction of the AI industry, their contributions and implications could have an enormous impact. AI has become a staple in the technology world and promises even greater growth in years to come. Keeping in tune with the ever-changing industry is essential and this week’s roundup of AI-related news and developments provides a first-rate overview of the industry.
