Welcome to the newest edition of FindBiometrics’ AI update. Here’s the latest big news on the shifting landscape of AI and identity technology:
A new funding round could bring OpenAI’s valuation to $100 billion. Thrive Capital is leading the funding round and reportedly prepared to pony up $1 billion, with Microsoft also poised to deepen its already substantial investment in the company. Notably, Apple and Nvidia are also involved in the discussions.
OpenAI is preparing to launch a new AI model focused on logic and reasoning, possibly as early as this autumn. Previously codenamed “Q*”, the model, now called “Strawberry“, is designed to tackle math problems it has never seen before.
Anthropic and OpenAI have both agreed to submit to testing with the US AI Safety Institute, which is part of the National Institute of Standards and Technology. Launched last year, the US AI Safety Institute will work closely with the UK’s AI Safety Institute.
California’s proposed AI safety bill has passed both houses of the state legislature and awaits Governor Gavin Newsom’s signature. xAI’s Elon Musk has expressed support for the Frontier Artificial Intelligence Models Act. Many others are opposed to it, including Google, Meta, and OpenAI.
Pindrop has launched an audio deepfake detection tool focused on phone calls and digital media. It claims an accuracy rate of 99 percent, and is marketing the solution to media companies, social network platforms, and government organizations.
Japan’s Kioxia is looking to capitalize on AI hype with a planned IPO. Taken private by Bain Capital in 2018, Kioxia is the third-biggest maker of flash memory chips in the world. The planned Tokyo Stock Exchange listing is expected to raise at least $500 million.
Magnetar Capital has launched a new fund focused on AI startups. The firm is known for private equity and hedge fund investing. This is its first foray into venture capital. “We are going through a generational technology revolution that’s going to require possibly trillions of dollars of investments,” explained senior portfolio manager Jim Prusko.
The chatbot’s take: We asked ChatGPT to try to be funny this week, with mixed results.
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August 30, 2024 – by Alex Perala
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