🐼 AI Start-up Scores $40M

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⚙️ Elon Musk to AI: Pause?

👑Microsoft and Google: AI Kings!

💰Fetch.ai Bags $40M in AI Data Rush!

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1. Elon Musk Urges AI Training Halt

   Tech giants, including Elon Musk, Steve Wozniak, and researchers at DeepMind, have called for a temporary halt in the development of AI systems above a certain capacity due to fears of potential risks to humanity. The Future of Life Institute, a non-profit dedicated to steering transformative technologies towards benefiting life, has released an open letter warning that AI systems with human-competitive intelligence could pose profound risks to society. The call for a pause in training comes amidst the release of OpenAI's state-of-the-art GPT-4 technology. Are we witnessing the birth of a new Terminator? (Read More)

2. Microsoft, Google Beat Apple, Amazon in AI Fetch!

   As investors focus on the rise of generative AI and ChatGPT, Google-parent Alphabet and Microsoft are leading the pack, while Amazon and Apple seem to be lagging behind. While Amazon has pulled back on marketing Alexa-powered smart home devices, it has expanded the use of AI software in its cloud-computing and e-commerce businesses. Meanwhile, Apple's progress in AI has been slow, despite hiring top AI scientists. With Google and Microsoft making strides, the AI race is heating up, leaving Apple and Amazon playing catch-up.(Read More)

3. Fetch.ai Raises $40M to Cash in on AI-Generated Data Gold Rush!

   Cambridge-based startup, Fetch.ai, secures significant funding to build tooling that enables better communication and actions between AI applications. CEO Humayun Sheikh believes that Fetch.ai also has a role to play in creating equitable and traceable approaches to AI, using distributed ledgers to feed data into learning models. With IP and technology development already underway, Fetch.ai gears up to launch commercial services later this year, including its blockchain-based platform and FET token. The $40M funding comes from Digital Wave Finance, a top cryptocurrency trading entity, but with no trace online, is it a mystery investor or a ghost in the machine? (Read More)

📙The Daily AI Lexicon 📙

Fuzzy Logic

Flexible approach to variable processing that can handle multiple possible truth values for the same variable. It helps obtain accurate conclusions by considering all available information to make the best possible decision.

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