ChatGPT's $450B Lawsuit, Loneliness Chatbot
08 April 2024: Copyright Claims, OnlyFans Job Loss, Amazon's Human Contractors, Musk's $18B xAI valuation, China's AI Disinformation, Sam Altman AI Device Startup
Good Morning & Happy Monday,
Latest in AI,
1. 1-Minute Roundup
2. Headlines
3. AI Investment Deals
4. Other AI News1-Minute Roundup
NY Times seeks up to $450B from OpenAI in copyright lawsuit
Companies prioritise hiring AI talent over reskilling, risking skills shortage
Archetype AI secures $13M funding for real-time sensor data integration
Leash Biosciences secures $9.3M for AI-driven medicinal chemistry
Umwelt.Ai secures $125K for AI-powered HR tech innovation
Völur secures $2.8M to optimise meat industry with AI
Elon Musk's xAI in talks to raise $3B at $18B valuation
Trudeau unveils $1.8B package to bolster Canada's AI sector
Renesas to acquire Altium for $6B to boost AI-driven electronics
China uses AI to target voters in the U.S., Taiwan, and other countries
Stanford Medicine study shows AI can assist clinicians in patient messages
Ex-Tinder CEO develops AI chatbot to combat loneliness
OnlyFans AI chatbots threaten low-wage "chatter" jobs in developing countries
Wiz uncovers security flaws in generative AI models on Hugging Face
Hackers use fake Facebook pages impersonating AI services to spread malware
Amazon's Just Walk Out AI technology relied heavily on human contractors in India
Investors look to emerging markets for following AI winners as US tech stocks soar
ChatGPT may get a dedicated AI device with help from Jony Ive and Sam Altman
Headlines
Copyright Holders Demand Share of AI Chatbot Profits
AI chatbots trained on copyrighted works without pay. Copyright holders are now seeking compensation. Well, it's about money, isn’t it?.
Why It Matters: This is a test of "fair use" law. The outcome will significantly influence the profit split between AI firms and content creators.
Key Details:
20+ lawsuits against AI companies
NY Times seeks up to $450B from OpenAI
Some media outlets struck licensing deals
Authors want damages, profit share
The Big Picture: Court rulings could benefit big AI players who can afford licensing. Smaller startups may struggle. Media fears losing paid readers to chatbots. Legal experts say AI is unlikely to vanish, but profit sharing is the probable outcome.
AI Adoption to Worsen Skills Shortage Unless Companies Reskill Workers
A survey of 2,000 C-Suite executives by the Adecco Group reveals that most companies plan to hire new AI-skilled talent rather than retrain existing workers, potentially leading to a rush for digital skills.
Why It Matters: The "buy vs build" approach to AI talent acquisition is unsustainable and could exacerbate skills shortages. Companies must prioritise reskilling and upskilling their workforce to maximise AI's potential and ensure worker employability.
Key Findings:
66% of companies will hire AI-skilled talent externally, while only 34% will develop existing workforce
Pay for AI-related roles is expected to "increase significantly" compared to other roles
Only 46% of leaders plan to redeploy employees whose jobs are lost due to AI
57% of leaders lack confidence in their C-suite's ability to understand AI risks and opportunities
The Big Picture: We need a responsible talent plan: hire and reskill. Foster trust, ethics, and human skills. Use AI to empower people.
AI Deals
Archetype AI secured $13M funding and unveils Newton: a groundbreaking model for understanding the physical world through real-time sensor data integration.
Leash Biosciences secured $9.3M funding to pioneer AI-driven medicinal chemistry, unveiling a foundational machine learning model and releasing an unprecedented dataset for drug discovery.
Umwelt.Ai secured $125K seed funding to drive HR tech innovation. It offers AI-powered People Analytics to enhance employee experiences and reduce attrition while boosting engagement and employer branding.
Völur secured $2.8M funding to enhance meat industry optimisation with AI, appoints a new CEO, and plans strategic expansion.
Elon Musk's xAI is in talks to raise $3 billion, potentially valuing the AI startup at $18 billion. Gigafund and Steve Jurvetson are among potential backers; this marks another escalation in the AI arms race.
Trudeau unveiled a $1.8 billion package to bolster Canada's AI sector, including funding for computing capabilities, AI adoption in critical sectors, and the creation of an AI safety institute.
Renesas (RNECY) will acquire Altium for $6 billion to boost software capabilities for next-gen electronics amidst growing demand for AI-driven devices.
Others
China Using AI to Target India, South Korea & U.S. Voters
Online actors linked to the Chinese government are increasingly using AI to spread disinformation targeting voters in the U.S., Taiwan, and other countries, according to Microsoft and U.S. officials.
In the run-up to Taiwan's January presidential election, a fake AI-generated audio clip made it appear that a former candidate was endorsing one of the remaining candidates.
Stanford Medicine Study Shows AI Can Assist Clinicians in Responding to Patient Messages
Stanford Medicine researchers found that large language models like GPT can help draft responses to patient portal messages, reducing healthcare providers' workload and burnout.
Ex-Tinder CEO Develops AI Chatbot to Combat Loneliness
Renate Nyborg, the former CEO of Tinder, has launched a new AI-powered chat app called Meeno. The app aims to help users build real-world relationships and alleviate loneliness.
Unlike dating apps, Meeno is designed to provide relationship coaching and promote social skill development, particularly among young adults.
OnlyFans AI Chatbots Threaten Low-Wage "Chatter" Jobs in Developing Countries
AI chatbot companies like ChatPersona and FlirtFlow are gaining traction among OnlyFans creators and agencies, automating chatting with fans and upselling content.
These AI tools could lead to job losses for low-wage "chatters" in developing countries that currently handle these conversations.
Wiz Uncovers Security Flaws in Generative AI Models on Hugging Face
Cloud security provider Wiz discovered two critical architecture vulnerabilities in generative AI models uploaded to Hugging Face: shared inference infrastructure takeover risk and shared CI/CD takeover risk.
These flaws could allow attackers to execute unauthorised activities, such as remote code execution, and gain cross-tenant access to other customers' models.
Hackers Use Fake Facebook Pages Impersonating AI Services to Spread Malware
Cybercriminals use hijacked Facebook profiles and ads to impersonate popular AI services like MidJourney, OpenAI's SORA, ChatGPT-4, and DALL-E to distribute information-stealing malware.
One malicious Facebook page impersonating MidJourney amassed 1.2 million followers. It remained active for nearly a year before being taken down.
Amazon's AI-Powered Just Walk Out Technology Relied Heavily on Human Contractors
Amazon's Just Walk Out technology, which allowed customers to grab items and leave the store without checking out, was found to rely on over 1,000 contractors in India who monitored and labelled videos to ensure checkout accuracy.
Investors Look to Emerging Markets for Next AI Winners as US Tech Stocks Soar
With AI hype driving considerable gains in US tech stocks like Nvidia, prominent asset managers are turning to emerging markets to find better value.
Firms like Goldman Sachs, JPMorgan, and Morgan Stanley invest in various sectors, leveraging AI to boost earnings, especially in Taiwan, South Korea, Saudi Arabia, and India.
ChatGPT May Get a Dedicated AI Device with Help from Jony Ive and Sam Altman
OpenAI CEO Sam Altman is reportedly seeking funding for an AI-powered personal device that won't resemble a smartphone, with ex-Apple design chief Jony Ive involved in the project.
The device is rumoured to be developed by a "mysterious company" started by Altman and Ive, seeking around $1 billion in funding. It will likely feature ChatGPT as its AI assistant.
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