What's new in AI - week ending May 9th

[Caity Belta]

Happy Wednesday!

The latest AI industry news, brought to you by folks who scroll so you don't have to. New this week: Responsible AI! 

Away we go:

Move over GPT, there’s a new model on the block! Microsoft is reportedly developing MAI-1, a massive LLM set to rival OpenAI's GPT models. The goal of this project is to create a versatile language model that can understand and generate human-like text across various applications, and ultimately power Microsoft Copilot. MAI-1 is expected to have about 500 billion parameters!  New Microsoft AI model may challenge GPT-4 and Google Gemini (Ars Technica)

In another corner of the AI realm, Holistic AI just got a big $200M funding boost.

The startup is working to advance multi-agent AI models that learn more like humans by drawing from a broad spectrum of knowledge. Holistic AI plans to use the funding to expedite research efforts in fields like unsupervised learning, reinforcement learning, and algorithms inspired by neuroscience. DeepMind Alumni Raise $200 Million Funding Round for Holistic AI (Bloomberg)

Meanwhile, Wayve, a British startup, is revolutionizing self-driving tech with an innovative approach: embodied AI. Unlike AI models carrying out cognitive or generative tasks, embodied AI interacts with and learns from real-world surroundings and environments…fascinating! Wayve, an A.I. Start-Up for Autonomous Driving, Raises $1 Billion (NYT)

More AI news below 

 The latest news

• Sprinklr launches ‘Digital Twins,’ AI versions of brands to provide better customer experiences (VentureBeat)
• Apple is reportedly developing chips to run artificial intelligence software in data centers (CNBC)
• Magical mystery chatbot is likely from OpenAI (Axios)

 Industry trends

• The Best Open-Source Generative AI Models Available Today (Forbes)
• GenAI Can Help Companies Do More with Customer Feedback (HBR)
• A.I. Start-Ups Face a Rough Financial Reality Check (NYT)
• AI Risks to Financial Stability Are Already a Central Bank Worry (Bloomberg)

 Responsible AI

• U.S. Government Needs to ‘Get It Right’ on Artificial Intelligence (Time)
• Warren Buffett says AI scamming will be the next big ‘growth industry’ (CNBC)

Hope everyone enjoyed Team24 last week! ICYMI, Here's a recap megathread I'm currently cultivating.

Caity