Oct 31, 2023
The Generative AI News (GAIN) rundown wrapping up an active September had more big stories than any other week of the month. The tech giants were out in force once again with news from Amazon, Meta, and OpenAI. Featured stories this week include:
Amazon Goes Long on Anthropic, and Bedrock Gets a Boost - Amazon’s $4 billion investment in Anthropic is more evidence that, at one level, large language models (LLM) are just weapons for use in the cloud wars. It is designed to capture more cloud computing revenue for AI workloads and boost the reputation of Amazon’s AI server chips. In addition, Amazon Bedrock, the foundation model garden, now has Meta’s Llama 2.
OpenAI’s Giant Valuation Increase and ChatGPT Gets an Upgrade - The reported $80-$90 billion valuation that OpenAI is pitching has many levels of nuance. However, one element that doesn’t require nuance perception is the new 2023 revenue forecast. It beat the original estimate by 5x. ChatGPT also received a big upgrade this week and saw the return of internet browsing.
Links to the stories we covered this week are included below.
Featured Stories of the Week 🔦
Amazon Reshuffles LLM Ecosystems with an [up to] $4B Investment in Anthropic
Amazon Bedrock Generative AI Service Widens Access and LLM Options
What a $90B Valuation Says About OpenAI's Traction and Revenue Growth
Generative AI Product Garden 🪴
OpenAI Turns ChatGPT into a Voice Assistant That Can See and Understand Images and Speech
Google Bard Can Create a Personal Knowledge Graph for Users and May Become an Assistant
Meta Introduces Generative AI Chatbot Assistant and a Cast of Celebrity Chatbot Characters
Generative AI Startup Mistral Releases Free ‘Open-Source’ 7.3B Parameter LLM
Getty Images Has Launched a "Commercially Safe" Text-to-Image Generator
Generative AI Funding Fountain 💰⛲️
GAIN is recorded live and streamed via YouTube and LinkedIn on Thursdays. You can re-watch each week’s discussion on Voicebot’s YouTube channel. Please join us live next week on YouTube or LinkedIn at 11 a.m. ET. Also, please participate in the live show by commenting, and we are likely to give you a shoutout and may even show your comment on screen.