AI Funding Data, News, and Tools. Edition #10

Welcome to Episode 10 of the AI Track – your destination for the latest news, tools, and funding data in AI and ML. 🥳

Elon Musk recruits a team to develop OpenAI Rival.

Ford launches automated driving unit Latitude AI.

Fake ChatGPT apps in the Google Play Store and other scams.

Surveys: Telcos are among the biggest adopters of AI.

Bosch partners with AI firm for $100M fund to empower Web3 development.

Australia partners with US on AI research funding.

Anthropic begins supplying its text-generating AI models to select startups.

ChatGPT and Whisper models are now available on OpenAIs API.

Bing AI is coming to the Windows 11 taskbar.

YouTube: New AI tools can virtually swap creators’ outfits and locations.

OpenAI will no longer use customer data to train its models by default.

Snapchat adds OpenAI-powered chatbot.

Meta will create 'AI personas' for WhatsApp and Messenger.

Hard Times for AI Chip Startups.

But Nvidia results show its growing lead in AI chip race.

Apple blocks update of a ChatGPT-Powered App.

DeepMind co-founder Mustafa Suleyman and LinkedIn Creator Reid Hoffman are building a personal assistant for the web, seeking up to $675M.

👉 Great article: The Mission of OpenAI

The article discusses OpenAI's mission to ensure that artificial general intelligence (AGI) benefits humanity. AGI has the potential to elevate humanity by increasing abundance, accelerating the global economy, and facilitating the discovery of new scientific knowledge that expands the boundaries of possibility. However, AGI carries significant risks of misuse, catastrophic accidents, and societal disruption.

The team emphasizes the importance of AGI planning and preparation for real-world deployment. A gradual transition to an AI-powered world is preferable to a sudden one, allowing society and AI to co-evolve and people to collectively figure out what they want while the stakes are low.

According to the article, we will need a tight feedback loop of rapid learning and careful iteration to navigate the challenges of AI deployment successfully. The ultimate goal is to ensure that AGI enables humanity to flourish to the greatest extent possible and that the benefits and governance of AGI are widely and fairly distributed.

Andrew Chen, working at the a16z Games Fund One, made some interesting points about the surge of AI startups attempting to break into the gaming industry. He warns that these companies will struggle to succeed due to several factors. For example, games take years to develop, indie games earn little money, and the industry is closed, making networking difficult. Furthermore, many game companies employ artists who may feel threatened by AI technology. Other difficulties include the requirement for high-quality art assets, concerns about data sharing and copyright, and the fact that current AI technology is not yet ready for prime time. Despite these obstacles, Chen remains optimistic about AI's potential to transform the gaming industry.

Let me know what you think, and don't forget to subscribe and check out the most recent tools.

They are listed below 👇

🧑‍💻 WHAT ARE YOU WORKING ON?

I'd love to hear about how you utilize AI in your business or projects! Please respond to this email or reach out through DM. It might be featured in this newsletter.

AI Dubbing and Video Translation software.

Gling.ai cuts bad parts out of your videos.

Wavve turns your content into engaging video clips for social media.

Create high-impact ads with Waymark.

Create and trade digital Collectibles with revel.xyz.

A personalized news feed powered by AI and Artifact.news.

$308M+ was raised last week across 30 funding rounds.

👉 Neoswap - Seed ($2M) | AI-powered NFT trading platform.

👉 Source.ag - Series A ($23M) | AI greenhouse agriculture.

👉 Brevity Pitch - Seed ($2M) | makes sales pitches more engaging and prepares people for job interviews.

👉 Croft - Seed | artificial intelligence smart farm startup that creates a system to monitor crops in greenhouses.

👉 EnvisionIt Deep AI ($1.65M) | medical technology company that utilizes AI to streamline and improve medical imaging diagnosis for radiologists.

👉 Emporia Research - Pre-Seed ($1M) | self-serve B2B research platform built for collecting on-demand insights from any professional audience.

👉 Vigo Photon (CN¥10M) | developer of monocular 3D visual perception technology.

👉 Rivet - Pre-Seed ($500k) | providing creators with "fan management AI assistant".

👉 Inarix - Seed (€3.1M) | developed a technology based on the latest artificial intelligence and image analysis advances.

👉 Spade - Seed ($5M) | develops transaction enrichment API to create applications and mission-critical systems.

👉 Fulfil Solutions - Series B ($60M) | provides fully robotic automation for grocery and other retail e-commerce.

👉 Colossyan - Series A ($5M) | enables users to create videos from text using AI and is focused on Learning & Development (L&D) creators.

👉 Flock - Series B (€35.9M) | insurtech building the world's first fully digital insurance company for connected and autonomous commercial vehicles.

👉 Vouched - Series A ($6.3M) | develops patent-pending visual ID verification for regulated and sensitive industries.

👉 Robin AI - Series A ($10.5M) | legal infrastructure business that rethinks how contracts are drafted, negotiated, and used.

👉 Typeface - Series A ($65M) | generative AI application for creating enterprise content.

👉 FieldDay - Pre-Seed | AI products for the real world.

👉 Tiamat - Series A ($9M) | platform for generative artificial intelligence development and operators.

👉 Humanising Autonomy - Debt Financing | building the global standard for human-machine interactions.

👉 EvolutionIQ - Series B ($7M) | offers claims guidance solutions for insurance companies and carriers.

👉 Frontis - Angel | focusing on enterprise product innovation supported by AI.

👉 Vizen Analytics - Pre-Seed | offers collaborative supply chain planning software, enabling manufacturers to optimize inventory stock and save money.

👉 Biologit - Seed (€2M) | AI solutions for Clinical Safety & Pharmacovigilance.

👉 Summ.link - Pre-Seed (€1.25M) | Connecting people and organizations to data analytics and intelligence solutions, simplifying access to efficient and innovative results

👉 Speechlab, Inc. - Pre-Seed ($1.55M) | making the world accessible to people who speak different languages using generative AI for speech-to-speech translation.

👉 Betterhalf - Series A (₹700M) | India's first and only matrimony app without parent's involvement. It's like Match.com for 100M Indians.

👉 Antiverse - Seed (£2.5M) | dedicated to engineering the future of drug development to change people's lives.

👉 Una Brands - Series B ($30M) | provides a streamlined way for e-commerce business owners to sell their companies.

👉 EaseMyAI - Seed (₹18M) | operates as a process automation and artificial intelligence company.

👉 SESAMm - Series B (€35M) | fintech company that specializes in big data and artificial intelligence for investment.

For reading episode 10 of the AI Track. Please reply to this email or contact me on social media if you have any thoughts or suggestions for future editions. Remember to share and subscribe.

See you next week, and let's keep researching!