🏁 The truth will set you free

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Greetings, fellow humans. 👋

This is Not A Bot - the newsletter about AI that was definitely not written by AI. I’m Haroon, CEO of Autoblocks and founder of AI For Anyone, and I share the latest news, tools, and resources from the AI space.

Happy Thursday. Montana has officially become the first US State to ban TikTok.

Picture this: Zuck, sitting quietly in a corner, laughing at all the haters who roasted him when he “copied Tiktok” and created Reels.

Let’s dive into some AI news…

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🧵 In today's edition:

• 🏁 The truth will set you free

• 💊 Google's AI improves drug discovery

• 🛢️ AI digs for oil

• 🤑 AI Fundraising News

(Sponsored) Gamma - A new medium for presenting ideas.

Over the last month, Gamma users created over 1 million AI-generated pages.

Yesterday, they announced a powerful update that addresses one of their top feature requests: the ability to bring in your existing documents, notes, and outlines and have Gamma's AI create a presentation for you.

Check it out today!

🤖 Top AI News

🏁 The truth will set you free

In April, Elon Musk threw some shade at Microsoft, stating they had “a very strong say, if not directly control, OpenAI at this point.”

But Satya Nadella was not about to let that slide.

The Microsoft CEO disputed Musk's claim, stating that it was “factually not correct” and that OpenAI was extremely grounded in its mission of being controlled by a non-profit board.

He further mentioned that small players can still compete against large companies like Microsoft and Google in AI, citing the competition in the search market as an example.

Look - at the end of the day, actions speak louder than words. So whether or not MS controls OpenAI will only be revealed over time.

P.S. “Satya” in Sanskrit means “the Truth”... so we have to believe him, right?

Read more: Yahoo Finance

💊 Google's AI improves drug discovery

It takes 10 to 15 years and ~ US$1 billion to develop one successful drug.

Despite all this time and money, 90% of drug candidates in clinical trials fail.

To help combat these long odds and expensive trials, Google Cloud has launched two new suites of AI to enhance drug discovery and precision medicine.

1. The Target and Lead Identification Suite is designed to hasten drug discovery and lower expenses by assisting scientists in recognizing biological targets for treatment development. Pfizer and Cereval are among its early adopters.

2. The Multiomics Suite aims to expedite genomic data analysis to identify the best treatments for individual diseases and aid researchers in accessing the appropriate data, helping create personalized, effective treatments. Colossal Biosciences has already noted significant benefits from using the Multiomics tool.

While AI doctors personify ethical ambiguity, AI drug research might be what it takes to make drug discoveries time and cost-efficient.

Read more: Engadget

🛢️ AI digs for oil

OIL.

Why did the CIA send me an email asking, “Do you have any?” the moment I typed that word? Weird.

Anyway - like drug trials, oil explorations are often subject to trial and error, costing companies time and money.

To solve this issue, Shell has partnered with big-data analytics firm SparkCognition to use AI in its deep-sea oil exploration and production.

SparkCognition's AI algorithms will process and analyze large amounts of seismic data to help search for new oil reservoirs. It will generate subsurface images through seismic data scans, helping with deep sea preservation.

They estimate SparkCognition’s algo can reduce exploration time from 9 months to 9 days. That is ideal, given the goal is to improve efficiency, speed, and success % in exploration while also cutting costs.

Read more: Engadget

🤑 AI Fundraising News

Insurtech company “Bolttech” gets $196M at $1.6B valuation led by Tokio Marine and MetLife Next Gen Ventures.

Union AI raises $19.1M Series A to simplify AI and data workflows with Flyte.

🗞️ Byte size: AI article summaries

Disclaimer: AI is (partially) used to summarize these articles.

AI creates images of the 'perfect' man and woman [Sky News] - AI has created images of the "perfect" man and woman based on social media data and results on the web. The images were created using engagement analytics on social media and showed variations in body preferences for men and women. (Read more)

ChatGPT Scams Are Infiltrating Apple’s App Store and Google Play [Wired] - Scam apps claiming to offer access to OpenAI's ChatGPT chatbot service through free trials are infiltrating Apple's App Store and Google Play Store. The apps eventually start charging subscription fees and hook victims into paying a regular weekly or monthly fee, a practice known as fleeceware. (Read more)

🐦️ Tweet of the day

🤖 Who’s doing it better: Boston Dynamics or Tesla AI?

And that does it for today's issue.

As always, thanks for reading. Have a great day, and see you next time! ✌️

— Haroon: (definitely) Not A Robot and @haroonchoudery on Twitter