Amazon invests $4 BILLION in OpenAI competitor

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Welcome back, Superhuman

It’s Monday and the tussle for generative AI supremacy continues. This time it’s Amazon on the charge, with the company announcing a $4 Billion investment in OpenAI and ChatGPT competitor Anthropic.

And Meta’s also keeping pace with the competition, with news reports indicating that the company is set to release new AI chatbots across its social media apps this week. We’re covering all that and more today — let’s dive right in.

TODAY’S MENU

• Meta is launching AI chatbots across its apps this week

• Amazon invests $4 Billion in OpenAI competitor Anthropic

• 5 new AI tools to help you get more done at work

• AI in Business: 5 use cases for enterprise LLMs

• AI Generated Images: Spiral art

TODAY IN AI & TECH

• Spacetastic: NASA rejoices as asteroid sample parachutes safely back to Earth. Sample could have clues about the universe’s formation.

• Planet Friendly: Researchers say AI emits up to 1,500 times less CO2 than humans when producing a page of text. Some disagree.

• Emerging Tiger: Nvidia’s CEO bets India will emerge as a major AI market.

• Regulation: OpenAI CEO Sam Altman advocates for AI regulation despite risks.

• Suspense: Elon Musk says AI image generation app Midjourney will be releasing “something significant” soon.

INSIGHT

Meta set to launch AI chatbots this week to boost engagement with younger users  

It’s no secret that TikTok is giving Meta a hard time when it comes to retaining younger users. The video streaming app has now surpassed Instagram as the most popular app among teenagers.

But after regaining some market share with Instagram Reels, Meta is now looking to get younger users to spend more time on the platform with the upcoming launch of AI chatbots.

According to the WSJ, the chatbots will have multiple personalities and work across various Meta platforms. The report indicates that Meta is working on dozens of chatbots, with some chatbots allowing creators and celebrities to interact with their followers. One of the chatbots is reportedly a sassy robot that gives sarcastic answers to questions.

Chatbots have seen a huge surge in popularity in recent months, with Snapchat’s My AI growing to 5 million+ paid users in recent months. Character AI is another popular AI chatbot platform that is currently receiving close to 200 million monthly visits to its website.

The chatbots are being tested internally by Meta employees, and are expected to be announced this week.

Source

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NEWS

Amazon to invest up to $4 Billion in OpenAI competitor Anthropic

With Microsoft backing OpenAI and Google working on its own AI models, Amazon has joined the tussle for AI supremacy with a $4 Billion investment in AI startup Anthropic.

Amazon will buy a minority stake in Anthropic with an initial $1.25 Billion in funding, with an option to increase their total funding to $4 billion in the future. Anthropic is a direct competitor to OpenAI and ChatGPT with its Claude AI model and chatbot.

Anthropic will use Amazon’s AWS as its primary cloud provider as part of the deal. Amazon will also gain early access to new technology from Anthropic, which they can integrate into other parts of their business.

Source

AI IN BUSINESS

5 use cases for enterprise LLMs

AI is taking over enterprise and many companies are setting out to build their own LLMs. From workflow automations to copilots, here are 5 use cases for enterprise LLMs according to enterprise AI expert Colin Harman:

1. Data Transformations: Enterprises can use LLMs to convert text input into text output, and assist in tasks like summarization, categorization, feature extraction, format conversion, and information expansion, all of which allow for efficient processing of massive amounts of text data.
   

2. Natural Language Interfaces (NLI): Enterprise LLMs can be used to enhance the utility of current products by combining LLMs with a knowledge base or tool for automated question answering or basic tool usage.
   

3. Workflow Automations: Enterprise LLMs can also be used to automate certain workflows to save staff time.
   

4. Copilots: Integrating LLMs with other data sources and systems to enhance user productivity across a wide range of tasks like enhanced customer service and coding assistance.
   

5. Autonomous Agents: By combining diverse tools and expertise, autonomous agents strive to automate jobs and replace human labor.

You can get more details in the full post from Colin Harman here.

AI-GENERATED IMAGES

Spiral art

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Thanks for reading.

Until next time!

Zain

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