Elon Musk Launches X.AI to Rival OpenAI and Google as Generative AI Spreads Across World

Not long after Elon Musk called for an AI development pause, the OpenAI co-founder went on to publicly announce his new company called X.AI and his goal to develop a competing platform to ChatGPT called TruthGPT. This announcement confirmed a wide array of rumors since Elon had previously mentioned his intent to create an "everything app" called "X". This also coincided with reports that Twitter has merged with a shell company called X Corp.

With the rapid scaling of ChatGPT, other generative AI solutions focused on text-to-image and text-to-video have also exploded in popularity. After launching its fifth generation solution, Midjourney had to unfortunately pause its free trial offering as fake images sparked controversy and went viral. Moreover, graphic design focused companies Canva and Adobe announced their own AI services which now brings the AI battle to new heights in the world of designers and creatives.

We hope that you enjoy more of this month's stories below.

This Month's Top Story

Elon Musk Founds New AI Company Called X.AI

Since walking away from OpenAI in 2018 after co-founding the company in 2015, Elon Musk has remained vocal in his opposition to OpenAI, citing ethical concerns over the company's switch from non-profit to "capped profit" and potential dangers of AI replacing humans as his reasoning. Elon continues to voice concerns after he fired the ethics team and cutting staff from 7,500 to 2,000 at Twitter, leading many experts to call him out as hypocritical.

The Twitter CEO then made an announcement this month that he would start his own AI company to rival OpenAI, bringing into question his request for a pause on AI. Regardless of the criticism, Musk now joins the ongoing AI wave with his new venture. Read more about his announcement here.

 AIP Monthly Question: Have you tried the Cohere.ai playground yet?

Hot Developments in AI

Forbes Announces The AI 50 for 2023 Which Includes AIP Affiliate

The companies on the 2023 list have collectively received $27.2 billion in funding. While a sizable portion, headlined by Microsoft’s $10 billion investment in OpenAI, was raised within the past year, many honorees have been building with AI well before the present gold rush. While the rest of venture capital suffers from the market pullback, the AI sector has boomed. Adept, Anthropic and Cohere are among companies founded in the last two years to have secured hundreds of millions in investment. Midjourney and Surge AI, on the other hand, have rapidly amassed impressive customer bases without raising a cent.  See the article and full list here.

Google Employees Label AI Chatbot ‘a pathological liar’

Google employees repeatedly criticized the company’s chatbot Bard in internal messages, labeling the system “a pathological liar” and beseeching the company not to launch it. That’s according to an eye-opening report from Bloomberg citing discussions with 18 current and former Google workers as well as screenshots of internal messages. In these internal discussions, one employee noted how Bard would frequently give users dangerous advice, whether on topics like how to land a plane or scuba diving.  Continue reading here.

The Next Arms Race: China Leverages AI for Edge in Future Wars

As Beijing focuses on a defense strategy for what it calls the “new era”, their aim is to integrate these innovations into the People’s Liberation Army, creating a “world-class” force that offsets U.S. conventional military supremacy in the Indo-Pacific and tilts the balance of power. Not only does China plan to become the world’s leading AI power by 2030, Beijing has also turned to a military-civil fusion strategy to achieve it. This approach has enabled the country to speed up defense innovations by eliminating barriers between China's civilian research and commercial sectors, and its military and defense industrial sectors. Continue reading this story here.

MetaHuman Animator Tool is 2023’s Latest AI-Powered Disruption

Recently, Epic Games demonstrated a new technology, currently available in private beta and due for public release this summer. Called MetaHuman Animator, it can take raw video from an iPhone and map a fully three-dimensional model of a face that, in a game world, can not only laugh and cower and yes, growl, but also mimic all the subject’s other facial expressions with disturbing accuracy. Those expressions could come to life in an avatar being controlled by a human game player or in the face of an AI-powered NPC or non-player character. Or two NPCs. Or 200 of them. Continue reading here.

BNN Bloomberg Interviews Chair of AIP's Board and Co-Founder, John Ruffolo

More on the SVB Collapse

John Ruffolo, Co-Founder and Chair of AIP's Board, joins BNN Bloomberg to talk about the state of venture debt in the tech sector following the collapse of Silicon Valley Bank last month. John says he spoke to a few bank CEOs, and they said the competitive landscape for venture debt is very different but they are anxious to help the Canadian tech ecosystem. Watch the full video interview here.

AIP Launches AI News Video Series

The AIP team is proud to announce our newest original video series focused on AI news called AI News Bytes. This video series will feature the top trending stories from the world of artificial intelligence.

Check out the second episode by clicking on the preview below or clicking here. If you are viewing this email on your smartphone you have the option to watch our YouTube Shorts version here.

We will continue to deliver value to our audience through our various video series. Please feel free to subscribe to our content here or by clicking on the social media icons at the bottom of this email, and please share with people in your own network who may benefit from these videos.

AIP Podcast Latest Episodes

Episode 27: ScriptString and SQA Group Collaboration Interview

In this episode, the CEO of ScriptString, Sylvia Gedge, and VP of Growth Strategy of SQA Group, Carrie Majewski, join Anne to discuss the collaboration between the two AIP Affiliate companies, who aim to help enterprises reach a more sustainable future by empowering impact leaders. ScriptString.AI unifies data faster and connects the dots to de-risk your business and grow value while covering your compliance and reporting needs. SQA Group is a tech and advisory services firm that helps companies solve some of the biggest Future of Experience challenges by putting advanced analytics to work.  Learn more and watch on YouTube or listen on Spotify or free RSS Audio.

Exciting Affiliate Network Developments

Factura.ai Receives High Performer Award from G2

Recognized for their high performance in accounts payable automation services, Factura.ai received the High Performer award from G2. This award was a result of their ability to keep improving and building out their accounts payable automation software designed for multi-location and multi-entity businesses. More than 80 million people annually—including employees at all Fortune 500 companies—use G2 to make their software decisions based on authentic peer reviews. See Factura.ai's LinkedIn post and congratulate them here.

PrivateAI Adds Privacy Layer to ChatGPT for Businesses

Large Language Model (LLM) solutions are valuable tools for commercial use, but raise massive data privacy concerns. PrivateAI's privacy solution for ChatGPT is easy to implement and use, providing businesses with the assurance that the personal data they possess remains secure. Learn more here.

AI Redefined (AIR) Makes Canadian Venture's Game Changing Startups List

Artificial intelligence is revolutionizing industries across the globe, and Quebec, Canada, is no exception. Home to a thriving AI ecosystem, Quebec is witnessing an explosion of AI startups that are leveraging the latest technologies to solve complex problems and disrupt traditional business models. In this article, AI Redefined and 14 other interesting AI startups in Quebec and their innovative solutions are highlighted. See the full list here.

Daisy’s AI provides a Leading Indicator of Predictive Retail Sales Outcomes

Leading indicators are particularly valuable in industries with long lead times (e.g., retail and manufacturing), where changes in demand may take months or even years to manifest. By tracking leading indicators, businesses can make proactive decisions to adapt to changing market conditions and stay ahead of the competition. With a strong association to positive outcomes, AI is without a doubt a must have in today’s retail space. This linked blog will provide an overview of why AI is a leading predictive indicator of retail sales and how Daisy’s technology is evidence of this correlation. Learn more here.

Follow our journey!

We are publishing content on LinkedIn every day. Make sure to follow us!

AI Partnerships thanks our readers for your interest and support.

Feel free to forward this email to any organizations that may be interested in AI/ML business solutions that will help them increase sales and reduce operating costs.

Please provide us with any suggestions as to what else you would like to see addressed in the monthly newsletters going forward. Email us at info@aipartnershipscorp.com.