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In today’s AI summary rundown:

1. OpenAI's Sam Altman Plans AI Chip Factories Funding: OpenAI CEO Sam Altman is seeking funding to establish a network of AI chip factories. Concerned about existing foundries' inability to meet future AI technology demands, Altman is in talks with potential investors to raise billions. Despite the past semiconductor shortage, Altman aims for a long-term strategy, looking to secure substantial funding for the development of a chain of AI chip-making facilities.

2. Google DeepMind Scientists Explore AI Startup Formation: Google DeepMind scientists Laurent Sifre and Karl Tuyls are in discussions with investors to create an AI startup in Paris, potentially raising over 200 million euros. Having given notice to leave DeepMind, the duo is exploring funding options for their new venture, currently referred to as Holistic. The focus of the startup may involve building a novel AI model, signaling their departure from Google's AI subsidiary.

3. Google Ends Contract with AI Data Firm Appen: Google has terminated its contract with Australian data company Appen, involved in training large language model AI tools for products like Bard and Search. The decision is part of Google's ongoing effort to evaluate and optimize supplier partnerships. Appen, unaware of Google's decision, revealed the contract termination in a filing with the Australian Securities Exchange. The move comes amid increasing competition in the development of generative AI tools.

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Insight: Instagram Co-Founders' News App, Artifact, Shuts Down Amid Global Struggles and Growing Competition

Last week, the news app Artifact, created by Instagram's co-founders, unexpectedly announced its shutdown due to struggles in gaining widespread popularity. Despite positive reviews for its AI-driven recommendations and clean design, the app faced challenges expanding beyond the U.S. Its downloads dropped significantly after the launch, indicating a failure to connect with a broader audience.

Artifact, which fostered an engaged community, couldn't sustain interest beyond its initial release. Data revealed around 444,000 downloads since its February 2023 launch, with a significant portion occurring at the beginning. Stiff competition from news aggregator SmartNews, which still outperformed Artifact, and changing news consumption habits contributed to its downfall. People increasingly relied on search engines and chatbots for information, reducing the demand for additional news apps.

The app's international growth was limited, with 44% of downloads in the U.S. and minimal traction in other countries. The fame of Artifact's founders, Kevin Systrom and Mike Krieger, didn't translate into global recognition.

Artifact faced challenges maintaining a clear identity as it added various features, such as link sharing, text posts, and location recommendations. Users were unsure if it was primarily a social news app or a social network. The continuous introduction of new AI tools also raised questions about the app's direction.

Originally self-funded, Artifact's founders decided to shut it down rather than seek investor funding. Systrom hinted at future ventures, expressing excitement about building new things. Despite Artifact's closure, the co-founders remain open to exploring new ideas in the tech startup realm.

Training of the Day

Today, let's dive into a quick and fun tutorial on how you can harness the power of AI to spark your creativity. We're going to create a personalized work of digital art using AI!

1. Select a Theme: Choose a theme that sparks your interest, be it a tranquil beach or a futuristic metropolis.

2. Craft a Prompt: Develop a detailed prompt, like "An abstract painting of a sunflower in the middle of a desert with bright colors and low resolution."

3. Pick an AI Tool: Explore user-friendly AI art generators like DALL-E to bring your prompt to life.

4. Input Your Prompt: Feed your crafted prompt into the chosen AI tool and watch the creativity unfold!

5. Admire Your Art: Within moments, revel in your unique artwork. Share it in our community or use it as inspiration for your projects! Remember, the more detailed your prompt, the more impressive the AI-generated results!

Remember, the key is to be as descriptive as possible in your prompts. AI tools are great at following detailed instructions, so the more vivid your descriptions, the better your results!

Quirky AI Tools

1.  🎥 RawShorts: Create captivating animated videos effortlessly with RawShorts! This versatile AI tool boasts a unique text-to-video generator, guided by an AI assistant. Packed with animated charts and a vast media library, RawShorts is your go-to for crafting top-notch explainer, promo, and whiteboard animations in a breeze.

2. 🎬 Munch: Say goodbye to lengthy videos and hello to impactful clips! Munch, an innovative tool, taps into advanced generative AI and marketing analytics to identify shareable moments in your content. Offering engaging snippets based on trending analysis, Munch transforms your long-form videos into coherent and captivating highlights for maximum impact.

3. 3. 🖼️Neural.love: Unleash your creativity with the free AI art generator, Neural.love! This browser-based tool simplifies art creation with its intuitive prompt generator. Choose from various styles like painting, photo, sci-fi, or anime, then add your text description or narration. With customizable output dimensions, Neural.love lets you effortlessly generate unique and artistic visuals.

Trending AI Startups

1. 🚀 Alteryx: Revolutionizing AI model creation, Alteryx simplifies the process with a user-friendly platform. By abstracting complexity and coding, it offers a drag-and-drop interface for connecting data sources to automated modeling tools. Founded in 1997, Alteryx empowers data professionals to efficiently build new models by visualizing data from various sources like warehouses, cloud apps, and spreadsheets.

2. 🤖 Inflection AI: Pioneering advanced applied AI, Inflection AI focuses on challenging use cases like fluent human-to-computer communication. Led by experts from DeepMind, Google, OpenAI, Microsoft, and Meta, their primary product, Pi, is a conversational AI designed for personalized casual chats. Customizable and compatible with platforms like iMessage, WhatsApp, Instagram, and Facebook, Pi reflects a commitment to elevating interactive AI experiences.

3. 🌐Scale AI: Covering extensive ground in AI solutions, Scale AI empowers users to build, scale, and customize AI models, including generative AI. The Scale Data Engine streamlines data collection, preparation, and testing, while the Scale Generative AI Platform and Scale custom LLMs allow fine-tuning for personalized specifications. A leader in AI solutions for federal, defense, and public sectors, Scale AI is at the forefront of driving innovation and scalability in the AI landscape.

AI-Generated Image of the Day

Prompt: Create a captivating and futuristic photograph depicting Venice Beach on New Year's Eve in the year 2099, captured from a bird's eye view during a mesmerizing fireworks show. Envision a transformed skyline with sleek, towering skyscrapers adorned with neon lights and holographic displays. The beachfront is bustling with advanced technology, featuring hoverboards, flying cars, and interactive holographic art installations.

Illuminate the night sky with a dazzling array of cutting-edge fireworks, each burst accompanied by vibrant beams of laser lights. The fireworks themselves should showcase innovative designs, incorporating holographic elements and advanced pyrotechnics. The atmosphere is charged with excitement as people, wearing futuristic attire, gather on the beach, rooftop gardens, and floating platforms to witness the spectacular celebration.

The water is transformed with floating LED displays and aquatic drones, adding to the visual spectacle. The moonlight reflects off the advanced architecture of the city, creating a surreal ambiance. Incorporate futuristic elements such as advanced AI-powered drones capturing the festivities, energy-efficient lighting systems, and sustainable infrastructure seamlessly integrated into the cityscape.

Ensure that the photograph captures the essence of a utopian future, blending the traditional joy of New Year's celebrations with the cutting-edge technology and design aesthetics expected in the year 2099.

Tip: the more specific the better

Question of the Day

Today’s Meme 

That’s a Wrap 

That’s it for today’s news in the world of AI!

If you have anything interesting to share, please reach out to us by sending us a DM on Twitter: @dthareja or email me at [email protected]

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Until next time!

Dhiraj

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