Tag: Language Models
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TikTok Owner Reportedly Developing Grace Chatbot to Compete in AI Chat Race
ByteDance, the owner of TikTok, is reportedly developing its own AI chatbot named Grace based on large language models. This move puts ByteDance in the AI race with competing bots launched by Snapchat, Google, and Microsoft. As AI technologies like ChatGPT don't exist in China, Chinese conglomerates like Baidu and Alibaba are investing heavily in the field with their own chatbots.
Sierra Ventures Executive Tim Guleri Expresses Mixed Emotions About Generative AI in VC Career
Venture capitalist Tim Guleri predicts that generative AI will disrupt the traditional playbook in enterprise software. He emphasizes its potential for value creation but raises concerns about privacy and ethical issues. Identify genuine startups amid pretenders, he advises, while staying open-minded about the unpredictable ways generative AI may reassemble the software ecosystem. Sierra Ventures has invested in thirteen generative AI startups.
AI startup Cohere raises $270M, valued at over $2.1B
Cohere, an AI startup, raises $270m in funding for its Series C to create a cloud-agnostic platform that offers real-time AI services. Its language models are available in a variety of dialects, and its AI platform is deployable on customers' existing clouds, on-premise, or in public and virtual private clouds, catering to businesses who are concerned about data privacy and security. Cohere is now valued at roughly $2.1bn to $2.2bn and plans to continue growing, investing, innovating, and collaborating with leading enterprises.
OpenAI to Invest in Indian Startups Working on AI, No Pause on AI Progress: Sam Altman
OpenAI CEO Sam Altman believes pausing AI development is not the solution. Instead, he emphasizes the need for regulations to prevent misuse and invests $175M in AI startups in India. He urges Indian officials to discuss AI at the G20 Summit. Read more.
Sam Altman discusses AI regulation with PM Modi
Chatbot creator Sam Altman met with Indian Prime Minister Narendra Modi to discuss AI regulation. He shared that his company, ChatGPT, plans to use net-zero cooling and renewable energy sources to significantly reduce AI's environmental impact. Altman expressed confidence in the development of cleaner energy systems and safer Artificial General Intelligence (AGI). He plans to fund education startups in India and work on education initiatives.