TLDR AI 2023-09-13

Smart-doorbell pioneer, RING, pitched on the hit show Shark Tank at a valuation of just $7 million — the sharks shut them down.

5 years later, the company sold to Amazon for more than $1 Billion. Turning the 10% stake initially offered to the sharks from $700K into $100M!

A similar story is brewing in the Smart Shades segment of the industry, with a company called RYSE pitching on the Canadian version of Shark Tank called Dragon’s Den.

The difference? They received two offers and have an addressable market that could be significantly larger than that of RING’s!

Invest in RYSE alongside the Dragons.

Google's philanthropic arm is investing $20 million in the Digital Futures Project to promote responsible AI development. The initiative supports global institutions, addressing AI's societal impacts. Google.org stresses collaboration for AI's potential benefit.

Adobe, IBM, Nvidia, and others have committed to the White House’s accord on AI safety and trustworthiness, echoing earlier pledges by Meta and Google. These voluntary agreements stress pre-release testing and risk-sharing. AI regulation remains a step behind innovation under the Biden administration.

Optical character recognition (OCR) is the process of extracting text from images. It can fail on documents with lots of jargon or special characters like mathematics. This work from Facebook research showcases strong performance across academic domains, enabling the digitization of many old texts.

Researchers were able to train a model to accurately recognize smells by training a graph neural network on a custom data set of thousands of hand-labeled molecules.

This study looked at whether advanced AI writing assistants like InstructGPT were making people's writing sound too similar and potentially making public conversations less diverse.

Researchers have introduced Scenimefy, a new tool to transform everyday photos into detailed anime-style images.

Arcus scales RAG to planet scale by using a hierarchical retriever. After clustering documents into groups based on their semantic content, you can progressively filter over these groups to narrow the search space. This results in much more relevant context being retrieved, fewer hallucinations, and better reliability over planet-scale corpuses of data.

A drop-in replacement for the OpenAI Whisper API that offers 20x faster transcription written in Rust.

The idea of personalized services beyond what we have around shopping is really interesting. This post breaks down the opportunities and some of the companies already playing in this space.

The desire to encourage AI development while limiting potential harm, combined with the breakneck pace of innovation, makes regulating AI an especially tricky situation.

Roblox introduced an AI assistant to help creators design virtual experiences at the 2023 RDC. Set for release late this year or early next, the tool will enable advanced gameplay and 3D model generation.

MLCommons has unveiled a new benchmark for how quickly top-of-the-line hardware can run AI models, with Nvidia coming in first and Intel coming in second.

Qualitative research conducted, analyzed, and summarized by AI.