12th Edition: 11/3/23
New Ai2 Partner, both Amazon and MSFT's Q3 earnings report drive stock spike, and Joe Biden issues Executive Order on AI...
PNW AI News:
AI2 Incubator adds Yifan Zhang, Seattle-based founder of Loftium, as newest Managing Director
Microsoft and Amazon shares both spike from Q3 earnings reports on AI impact on cloud volume, both of which predict will drive 'tens of billions' in new revenue
Microsoft Research worked with teachers in India to design an AI teaching assistant called Shiksha Copilot — which aims to help overburdened educators quickly create personalized lesson plans
PNW AI Fundings:
Wraithwatch (Bozeman, MT) raised $8M in Seed funding from Founders Fund, XYZ Venture Capital, and Human Capital
AI-driven cybersecurity platform designed to anticipate and counter AI-powered cyberattacks through the use of large language models - TFTD $8M
CEO: Nik Seetharaman, former Anduril CISO
Theneo (Seattle, WA) raised an undisclosed Seed round from Atlassian Ventures
AI-driven software designed to create high-quality and interactive API documentation - TFTD $1.95M
CEO: Ana Robakidze
CleanAI (Seattle, WA) raised $400K in Pre-Seed funding from undisclosed investors according to an SEC filing
AI company offering solutions for climate change and cybersecurity in the supply chain - TFTD $400K
CEO: Nolie MacDonald
Key AI Product Updates:
OpenAI has launched a new version of ChatGPT that integrates all GPT-4 tools, allowing users to access features like advanced data analysis, DALL·E 3, and built-in browsing - without needing to switch between
Apple reportedly plans to launch advanced health monitoring powered by AI for its Apple Watch and AirPods, as well as paid health coaching services in 2024, using sensor data to detect things like hypertension and sleep apnea
Google just released MetNet-3, an AI model that makes highly accurate 24-hour weather forecasts, which they claim outperforms top traditional physics-based models
Isomorphic Labs, spinout from Google's DeepMind, is leveraging DeepMind's molecular mapping model of the human body to characterize molecules for treating diseases
Siemens and Microsoft partner to drive cross-infustry AI adoption via Siemens Industrial Copilot, AI-powered assistant for human-machine collaboration
IBM Launches Generative AI coding assistant "WatsonX" for Mainframe Modernization for COBOL code translation to Java
Key AI Business/Investment Updates:
The United States, the EU, China, and over 25 countries signed a declaration to collectively govern AI risks on day 1 of U.K. Prime Minister Rushi Sunak’s AI safety summit
Joe Biden's recent Executive Order on Artificial Intelligence is viewed by many as a substantial step towards regulating AI
Google agrees to invest up to $2 billion in OpenAI rival Anthropic with a $500 million immediate investment, with the remainder to follow
ChatGPT heralds "new era of cybercrime" with staggering 1265% increase in phishing emails due to ease of spinning up outbound
Judge pares down artists' AI copyright lawsuit against Midjourney, Stability AI for misuse of their bodies of working for training models
Shield AI, the maker of AI drone pilots, just raised $200M at a $2.7B valuation from Riot Ventures, Ark Investments and TCV, building on its $60M raise in 2021