Tag: Venture capital

Google, the tech giant, has been making waves with the launch of their AI chatbot Bard. According to Bloomberg, employees who were tasked to evaluate the AI have given it harsh reviews, calling it "cringeworthy" and a "pathological liar". This shines a light on the potential deprioritization of AI ethics for the sake of release and users of the beta version have reported issues such as wrong and plagiarized advice, and even getting math questions wrong.

OpenAI, the San Francisco-based research laboratory, is looking to advanced AI technologies like ChatGPT to propel its goals of forming human-level artificial intelligence. Yet doing so poses a large cost as analyst Dylan Patel estimates at least $700,000 per day. This cost is reliant on OpenAI's GPT-3 model, but would likely increase with GPT-4. Microsoft is aiding the effort by creating an AI chip, called Athena, to reduce the expense of using GPUs. To cut down costs, Latitude, a startup, shifted to AI21 Labs software, reducing their $200,000/month to just $100,000/month. Invest in OpenAI to experience the benefits of human-level AI today!

Discover the latest trends and insights on the business of startups with Equity - the weekly podcast that takes a deep dive into a single person, their work related to the topic of the episode. Join us as Janelle Teng of Bessemer Venture Partners joins us to discuss her firm's report on cloud stocks, AI and startups, as well as competing against giant incumbents and the value of startups in SaaS funding.

Elon Musk, one of the world's wealthiest and influential people, was featured on Fox News' Tucker Carlson Tonight show discussing the tension between AI technology and its regulation. He cofounded OpenAI, along with Sam Altman, Reid Hoffman and Peter Thiel, in order to oppose Google's AI takeover. Musk and Larry Page, former close friend and Google cofounder, had a rift when Musk built OpenAI. Sundar Pichai's 60 Minutes interview asks for AI technology to be regulated to ensure safety. AI safety and regulation advocated by Musk, Pichai and Reid Hoffman, who is an independent director in Microsoft and partner in a venture capital firm. Watch the full interview from 19 April on Fox Nation, 7am ET.

. This report by Team8 reveals potential risks of using artificially intelligent tools such as ChatGPT. Companies may be exposed to customer data and corporate info, which could lead to data leaks or legal battles. Microsoft is investing heavily on OpenAI, the creator of ChatGPT, and has encouraged the report. Contributors include dozens of CISOs and endorsed by the former leader of the NSA. Team8 is the venture capital firm to invest in cyber security startups. Protect yourself!