🤖 $1 billion seed round

🧵 In today's edition:

• 🤖 $1 billion seed round

• 🖼️ Multimodal AI comes to GroqCloud

• 🇬🇧 UK takes lead in AI governance with groundbreaking treaty

• 🛠️ AI Tools to Check Out

• 🤑 AI Fundraising News

• 🐦 Tweet Post of the Day

🤖 $1 billion seed round

Safe Superintelligence (SSI), a new AI startup co-founded by OpenAI's former Chief Scientist Ilya Sutskever, has secured a massive $1 billion in funding just three months after its inception. 

The company, valued at $5 billion, aims to develop safe AI systems that surpass human capabilities.

Here’s the TL;DR: 

• SSI plans to use the funds for computing power and top talent acquisition.

• The startup currently has only 10 employees.

• Investors include Andreessen Horowitz, Sequoia Capital, and DST Global.

• SSI will focus on R&D for a few years before bringing products to market.

Co-founded by Sutskever, Daniel Gross (CEO), and Daniel Levy, SSI emphasizes AI safety and alignment with human values. This echoes Sutskever's previous work at OpenAI, where he led the now-disbanded "Superalignment" team.

Overall: The substantial funding highlights continued investor interest in foundational AI research, despite a general waning in the sector. SSI's approach differs from OpenAI's, with a regular for-profit structure and a focus on scaling AI in new ways.

As AI safety becomes an increasingly hot topic, SSI joins the ongoing debate about regulating powerful AI systems to prevent potential harm to humanity.

Read more: Reuters

🖼️ Multimodal AI comes to GroqCloud

GroqCloud has announced the availability of LLaVA v1.5 7B, a cutting-edge visual model, on its Developer Console. This addition expands GroqCloud's capabilities to support image, audio, and text modalities, opening up new possibilities for multimodal AI applications.

Here’s the tea: 

• LLaVA (Large Language and Vision Assistant) combines CLIP and a fine-tuned Llama 2 7B model.

• Capabilities include visual question answering, caption generation, OCR, and multimodal dialogue.

• Achieved state-of-the-art performance on 7 benchmarks in September 2023.

The best part? LLaVa has potential applications that span across various industries:

• Retail: Inventory tracking and product identification

• Social media: Generating image descriptions for accessibility

• Customer service: Image-based chatbots

• Manufacturing: Automated quality control

• Finance: Document auditing

• Education: Enhanced learning through image analysis

Overall: LLaVA v1.5 7B is now available in Preview Mode on GroqCloud Developer Console, allowing developers and businesses to explore and build innovative multimodal AI applications that combine visual, auditory, and textual inputs.

Read more: Groq Blog

🇬🇧 UK takes lead in AI governance with groundbreaking treaty

The UK signed the world’s first legally binding international treaty addressing the risks posed by AI. 

Signed by Lord Chancellor Shabana Mahmood, the treaty strengthens safeguards for human rights, democracy, and the rule of law. The agreement, part of the Council of Europe’s framework, commits nations to collectively manage AI technologies while protecting the public from misuse, such as biased decision-making or misinformation.

The treaty outlines three key safeguards: 

• Protecting human rights, 

• Ensuring AI doesn’t compromise democracy, and 

• Upholding the rule of law. 

• It also mandates countries to regulate AI-specific risks and prevent harm. 

Overall: The UK continues its leadership in AI safety, following its hosting of the AI Safety Summit and the establishment of the world’s first AI Safety Institute. This treaty is seen as a significant step towards shaping AI development responsibly, ensuring it benefits society without eroding fundamental values.

Read more: UK Gov

🛠️ AI Tools to Check Out

• Molypix AI: Create beautiful graphic designs by just typing a sentence and getting accurate text and perfect images. Everything is fully editable. With various templates to get started, you can design more efficiently and effortlessly. Check it out!

• PackPack AI: An AI-driven bookmark management tool tailored for saving content from online resources like news and social media. It utilizes AI to clean and save content. Check it out!

• Aiera: Powering investment professionals with one-click live audio access, real-time transcription, search, advanced summarization, and much more. Check it out!

🤑 AI Fundraising News

• Capsa AI raises £1.7M in Seed funding to build an AI operating system that automates low-skill due diligence tasks for private equity investors, such as creating company profiles, extracting financial data, and analyzing performance, enabling them to focus on high-value tasks.

• IdentifAI raises €2.2M in Seed funding to provide a platform that leverages AI technologies to distinguish between creative works produced by humans and those generated by AI systems.

🐦 Tweet Post of the Day

Newest text-to-video model out of China 👇️