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OpenAI Unveils 'Canvas'

OpenAI Unveils 'Canvas'

Adam Smith
October 11, 2024

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Coming up this week:

- OpenAI: Releases “canvas”
- Nobel Prize: AI Research wins Nobel Prizes
- Australia: Most staff use AI
- Music: Ai fraudster arrested

And much more… Learn how these unfolding narratives are shaping The Business of AI.

FEATURED STORY 🔥

OpenAI Unveils 'Canvas': A New Collaborative Interface for ChatGPT

ChatGPT introduces "canvas," a new interface for writing and coding projects. This feature opens in a separate window, allowing users to work alongside ChatGPT. Canvas is designed for tasks that need editing and revisions, going beyond simple chat interactions. It's now available for ChatGPT Plus and Team users globally, with plans to extend access to other user groups.

Canvas offers several advantages:

Better context understanding
Inline feedback and suggestions
User control over the project
Ability to highlight specific sections
Shortcuts for various writing and coding tasks

Writing shortcuts include suggesting edits, adjusting length, changing reading level, and adding polish. Coding shortcuts offer code review, bug fixing, and language translation options.

OpenAI trained GPT-4o to collaborate as a creative partner, developing core behaviors like triggering the canvas appropriately and making targeted edits. The team used automated evaluations and synthetic data generation to improve the model's performance.

Canvas represents a significant update to ChatGPT's visual interface, aiming to make AI more useful and accessible.

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TRENDING STORIES 🔥

Nobel Prizes Highlight AI's Growing Impact on Scientific Research

Researchers in artificial intelligence received two Nobel Prizes this week. Geoffrey Hinton and John Hopfield won in Physics for their work on neural networks. Demis Hassabis, John Jumper, and David Baker were awarded in Chemistry for using AI to predict protein structures.

Research reveals 71% of Australian university employees use AI for work tasks. Academic staff are more likely to use AI than professional or sessional staff. ChatGPT is the most popular tool, used by 88% of AI users. Literature searching, writing, and summarizing are the most common AI-assisted tasks.

Authorities have arrested a North Carolina for using artificial intelligence to create fake social media profiles. The scheme boosted his online presence, increasing streaming numbers and potential record deals. He faces charges including identity theft and computer fraud. The case highlights growing concerns about AI's role in criminal activities.

MJ Prompt: Black and white illustration of a [Spider-Man] entirely composed of handwritten words, black ink on white paper. Credit.

EYE OPENING NEWS 🧠

AI Giant OpenAI Faces Years of Losses Despite Revenue Growth

OpenAI expects to operate at a loss until 2029 due to high costs of scaling AI models. Projected losses could reach $5 billion in 2024 and $14 billion by 2026. The company's expenses stem from investments in cloud computing, research, and infrastructure. Despite financial challenges, OpenAI continues to expand and raise funds.

AI-Enhanced Electronic Tongue Detects Food Differences

Researchers developed an electronic tongue that identifies various liquids and food products. It uses a graphene-based sensor linked to an artificial neural network. The device accurately detects differences in milk, sodas, coffee blends, and fruit juices. AI interpretation improved accuracy to over 95%, outperforming human-selected parameters.

Amazon's AI Roadmap: From Chatbots to Shopping Agents

Amazon is developing advanced AI for shopping. The company plans to create AI agents that can recommend products and make purchases. Currently, Amazon uses a chatbot called Rufus, powered by a large language model. Future AI could autonomously buy items based on user needs. Amazon faces challenges in making these agents reliable and non-intrusive.

Meta Unveils AI Video Generator with Sound

Meta introduced Movie Gen, an AI-powered tool creating high-definition videos with audio from text inputs. It can generate new clips, edit existing footage, and alter images. The technology also adds AI-generated sound effects and music. Meta says public release isn't imminent due to current limitations.

Adobe Launches Free Web App for Content Protection

Adobe introduces a free web app allowing creators to add Content Credentials to their work. This tool helps protect digital content, ensures proper attribution, and lets creators indicate if they don't want their work used for AI training. The app integrates with Adobe's Creative Cloud and supports various file types.

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FUNDRAISING 🤑

KoBold Metals Raises $491M for AI-Driven Mineral Exploration

KoBold Metals, valued at $2 billion, is close to securing $527 million in funding. The company recently discovered a major copper deposit in Zambia. KoBold uses AI to find minerals crucial for the energy transition, with about 60 ongoing exploration projects.

Writer's $200M Raise Values AI Startup at $1.9B

AI startup Writer unveiled a new AI model, trained for just $700,000 using synthetic data. The company is raising up to $200 million at a $1.9 billion valuation, nearly quadrupling its worth since September 2023.

Numeric Raises $28M for AI-Powered Accounting Software

Numeric, an AI-enhanced accounting software startup, secured $28 million in Series A funding. The company automates book-closing processes, saving time for accounting teams. Its revenue has grown fourfold, attracting high-profile clients like OpenAI and Brex.

Suki Raises $70 Million for AI Healthcare Assistant

Healthcare startup Suki secured $70 million in Series D funding. Led by Hedosophia, this round brings Suki's total funds to $165 million. The company, valued at $500 million, develops AI voice assistants to reduce administrative tasks in healthcare settings.

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