Lumian Gen AI Newsletter Issue #9

⏱️ News Flash

The 2-Minute Scoop to Keep You in the Loop

1/ Sam Altman’s European Tour was one Big Lobbying Trip

The CEO of OpenAI, Sam Altman, has spent the last month touring world capitals in meetings with heads of governments. According to Time magazine, it was a massive lobbying mission. Unsurprising, isn't it? Turns out, OpenAI influenced the EU AI Act, pitching changes that saw daylight. Their clever play? Labeling their tech as general AI, influencing regulations to focus on specific-use AI. And, boom! The Act skips mentioning general AI tools like ChatGPT and Bard.

2/ ByteDance Splurges $1B on Nvidia GPUs

ByteDance, the mastermind behind TikTok, has gone on a shopping spree, snapping up over $1B in Nvidia GPUs. We're talking about a staggering 100k GPUs, dwarfing the 10k used to train ChatGPT. Nvidia's CEO had predicted companies would start splashing billions on GPUs in a few years. Looks like that future just pulled into the station ahead of schedule!

3/ Dropbox Dives into AI and Venture Capital

Dropbox, typically known for storage solutions, is spicing things up by integrating AI into their services. They're launching a tool that can summarize and pull info from files and respond to queries about the data. Even cooler, their new universal search product, "Dropbox Dash," can sift through not just Dropbox files but all your cloud content, from Google Docs to Slack and Salesforce. Plus, they're stepping into the venture capital game with a fresh $50m fund, ready to back emerging AI startups.

🖼️ AI Art

Our Favorite Tweet on Midjourney’s New Zoom Out Feature!

Midjourney's AI image generator has launched a new "Zoom Out" feature in its 5.2 version. When you click on the "Zoom Out" button, the AI algorithm recalculates the image to include more of the scene, effectively "zooming out" from the original image.

🤑 Fundraising

The (AI) Intelligent Investor

• AWS launches $100M program to fund generative AI initiatives

• Parrot an AI-powered transcription platform raises $11M Series A

• ElevenLabs raises $20m Series A for voice creation AI

🤖 Nerd Out

Technical and Business Readings

• The next Google search engine will be generative AI

• CS50 will integrate artificial intelligence into course instruction

• We've just reached 500 plugins on the ChatGPT plugin store

😜 The Human Touch!

Delivered by AI!

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Best,

Robin and Saswat