📷 ChatGPTs Image recognition is incredibly good

Plus: One startup raising BILLIONS.

🎨 AI Image of The Week

🧠 AI and Machine Learning

ChatGPT Vision lets you submit images in your prompts: 7 wild ways people are using it (4 minute read)
ChatGPT Vision is OpenAI's latest deployment, enhancing the generative AI chatbot with multimodal capabilities. Subscribers of ChatGPT Plus can now utilize the app on iOS or Android to upload images, enabling the chatbot to recognize and comprehend the content within the image. The unveiling of GPT-4V was initially delayed by OpenAI due to concerns regarding facial recognition and associated privacy and safety issues. Following rigorous testing and evaluation, GPT-4V has been integrated into ChatGPT Vision for public use, resulting in impressive applications. In earlier versions, users could potentially upload images of individuals for identification, raising privacy concerns. However, according to OpenAI's technical documentation, GPT-4V now declines such identification requests in 98 percent of cases, addressing privacy issues more effectively.

ChatGPT will ‘help us with extremely hard problems’ in the future, says OpenAI’s chief tech officer (3 minute read)
Murati envisions a future where interacting with ChatGPT transcends traditional keyboard and touch-based input methods, allowing for more natural and seamless engagement. The goal is to move beyond the confines of conventional interactions and emulate the ease of conversing with a friend or colleague. This evolution aims to make interactions with AI systems feel intuitive and efficient, incorporating high-bandwidth communication where users can converse through speech, share images, or even request tasks in a conversational manner. The aspiration is for AI chatbots like ChatGPT to not only collaborate and respond but also possess the capacity for independent thinking and creativity, ultimately striving towards a genuinely intelligent system that embraces novel ideas and abstract thinking.

💼 Business

JPMorgan CEO: AI will be used for ‘every single process’ (2 minute read)
During a recent Bloomberg interview, JPMorgan CEO Jamie Dimon outlined his vision for leveraging AI to transform the financial industry comprehensively. He emphasized AI's potential to revolutionize various facets of JPMorgan's operations, ranging from trading, hedging, research, to error detection. Dimon portrayed AI as a dynamic force, capable of reshaping traditional processes and enhancing human capabilities. He pointed out the current practical applications of AI within JPMorgan, particularly in equity hedging, idea generation, and utilization of large language models. Despite ongoing debates on AI's impact on employment, Dimon maintained a pragmatic outlook, acknowledging job displacement while viewing it as a natural progression in technological advancement. However, he voiced concerns about potential misuse of AI technology, particularly in cyberspace, highlighting the critical need for establishing legal safeguards to prevent malicious use.

Anthropic seeks huge investment from Google just days after Amazon invested billions (3 minute read)
Anthropic, a significant rival to OpenAI in the realm of generative artificial intelligence, is actively pursuing substantial investment, particularly engaging in discussions with potential investors like Google for a new funding round aiming to raise $2 billion. This initiative comes shortly after Amazon committed to investing up to $4 billion in the startup. Despite already securing substantial funding, Anthropic is seeking additional resources to bolster its growth. Reports suggest that the company aims for a valuation ranging between $20 billion and $30 billion after the conclusion of this funding round, a significant leap from its previous $4 billion valuation in March.

OneDrive is about to get one of its biggest updates ever, and it's all about the web and AI (4 minute read)
In a highly anticipated online event titled "Microsoft OneDrive: The Future of File Management is Here," Microsoft unveiled the next generation of file management features for Microsoft 365. The focus of the announcement centered on significant enhancements in file management capabilities and the integration of artificial intelligence into the platform. Microsoft revamped the home experience in OneDrive for Web, prioritizing instant access to documents for users. This improvement is coupled with AI-driven file recommendations in the "For you" section, enhancing efficiency by facilitating seamless file access and enabling effective workflow.

Walmart experiments with generative AI tools (2 minute read)
Following the introduction of a generative AI tool for its corporate employees in August, Walmart is now extending this technology to its customers. The retail giant is actively exploring the integration of generative AI throughout the entire shopping process, from initial product search and discovery to final purchase. The upcoming features include a shopping assistant, AI-driven search capabilities, and an interior design feature. While Walmart has not disclosed the specific AI models being utilized, they mentioned employing various external models, maintaining flexibility in their approach rather than being locked into specific partnerships with Anthropic or OpenAI, which some other companies have opted for.

Misc

‘The only thing we can’t do is sign autographs’: The rise of virtual K-pop bands (4 minute read)
Eternity, a recent South Korean entertainment venture, exemplifies the blending of real and virtual entertainment boundaries through the utilization of AI technology. The creator and management company behind the group, Pulse9, firmly believes that computer-generated stars possess a significant advantage over their real-life counterparts. Virtual popstars stand out in their ability to interact with their fanbases. Recent progress in AI language programs suggests the potential for fans to engage in conversations and build personal relationships with their virtual idols. Kang, associated with Pulse9, envisions AI-driven popstars retaining memory of past interactions, akin to virtual assistants like Siri, enabling more personalized and continuous dialogues based on previous conversations and accumulated knowledge about the fans themselves.

How Oracle Plans to Kill Attrition in Indian IT (3 minute read)
Leveraging its billion-dollar project, Cohere, Oracle has successfully optimized generative AI, focusing on its applications in human resources. The integration of generative AI into Human Capital Management has emerged as a significant area of experimentation for Oracle. HCM, empowered by this technology, enables HR professionals to make data-driven decisions based on employee data, promoting a sense of value and inclusivity among the workforce. By "democratizing" data and combining it with the capabilities of HCM, Havrilla, a representative of Oracle, envisions a future where managers can effectively uplift and empower workers.

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