The Data Scramble

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AI DATA

🚀 Tech Giants Scramble for AI Training Data
^{Insights from Reuters}

A recent Reuters investigation has unveiled the lengths to which leading technology companies such as Google, Meta, OpenAI, and Apple are going to acquire the extensive data necessary for training their AI technologies.

The Decode:

• In response to the ChatGPT launch, tech behemoths like Meta, Google, Amazon, and Apple brokered significant agreements with Shutterstock in 2022 to utilize its vast array of images, videos, and music tracks for AI model training, with financial arrangements valued between $25 million and $50 million.
  

• The cost for AI training data is widely varied, starting from mere cents for images to significant sums for hours of video content, reflecting the high stakes involved in procuring data.
  

• There's a notable shift towards purchasing access to proprietary datasets, with companies showing interest in platforms like Photobucket, which owns a treasure trove of 13 billion photos and videos, among other vintage internet resources.
  

The Impact: This strategic pivot from web scraping to purchasing proprietary content marks a significant shift in how tech giants are sourcing AI training materials. It heralds a lucrative phase for platforms sitting on large datasets and raises important questions about privacy, consent, and the ethical implications of repurposing old online content for cutting-edge AI advancements. 

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AI INVESTMENTS

🌟 Sam Altman and Jony Ive’s New AI Venture
^{Insights from The Information}

OpenAI's Sam Altman and ex-Apple designer Jony Ive are stirring the tech scene with plans to launch an AI-centric personal device startup, eyeing an impressive $1 billion in funding from notable investors.

The Decode:

• The envisioned product aims to redefine personal devices, integrating OpenAI's advanced conversational AI, rather than mimicking traditional smartphone designs.
  

• Investment discussions involve Emerson Collective and Thrive Capital, showcasing strong industry backing tied to both Altman and Ive's networks.
  

• Previous talks with SoftBank hint at the project's ambitious scale, revealing Altman's broader ambitions beyond OpenAI, including his investment in Humane AI's upcoming ‘AI Pin’ devices.
  

The Impact: The collaboration between Altman's AI expertise and Ive's design prowess signals a bold step into the next generation of AI-powered personal devices, potentially challenging established tech giants. This move further blurs the lines between Altman's OpenAI leadership and his expanding portfolio of tech ventures.

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HOT NEWS

🖥️ Microsoft AI launches London hub with ex-Inflection DeepMind scientist Jordan Hoffmann

Microsoft announced a new London hub for its consumer AI division, led by Jordan Hoffmann from Inflection AI. The move follows CEO Satya Nadella's unveiling of the division, helmed by Inflection AI’s founders. Hoffmann, praised as an "exceptional AI scientist," will develop language models and infrastructure. 

🤖 Musk Foresees AI Surpassing Human Intelligence in a Year

Elon Musk predicts AI will surpass human intelligence by the end of next year, with advancements potentially outstripping collective human capability within five years. This accelerated timeline, driven by recent AI breakthroughs like advanced video tools and chatbots, pushes past Musk's previous 2029 projection for achieving artificial general intelligence (AGI).

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