Amazon's $100 million AI investment & their "secret" strategy to win the race. Stable Diffusion, UPGRADED. Beatles AI song confusion, cleared up.
GM, and happy Sunday! Welcome back to your weekend AIcyclopedia newsletter.
Here’s what we’ve got for ya today:
Amazon competes for AI lead with $100 million investment
Stable Diffusion gets an UPGRADE
47% of tech executives say AI is #1 spend item
Paul McCartney clears things up about AI song
AI News: The Headliners 🏁
1/ Amazon competes for AI lead with $100 million investment
Amazon is pulling out its wallet and making a huuugggeee investment in generative AI.
[The News] YUP. On Thursday, Amazon announced that it would shell out $100 million in the hopes of helping companies use and progress generative AI.
Why now?
Well, let’s just say that the AI race has just begun, and AWS CEO Adam Selipsky is not fearful of the leaders right now (ya know…Microsoft and Google).
Selipsky told CNBC in an interview: “You ask yourself the question — where are the different runners three steps into a 10K race? Does it really matter? The point is, you’re three steps in, and it’s a 10K race.”
Looking forward… Aside from working with well known companies like Twilio and RyanAir, Selipsky says that the secret potion for Amazon to win the AI race is….
LISTENING TO CUSTOMERS.
Or in the words of Selipsky, “we’re going to build what they want”….regardless of being misunderstood.
Honestly, the confidence is a kinda sexy, and we are excited to see how Amazon ranks in the years to come.
Stay tuned…
2/ Stable Diffusion gets an UPGRADE
Hello, SDXL vo.9…
We’ve been waiting for you.
[The News] Here’s the Tweet to prove it:
So, what’s new?? We’ll break it down for you:
Upgraded, true-to-life details
Less complicated prompts with better results
And according to the company, this is possible due to a “significant increase in parameter count (the sum of all the weights and biases in the neural network that the model is trained on) over the beta version.”
Here’s an example provided by Stability AI:
Looking forward… So when can you expect to try it out for yourself?
According to Stability AI, the public release of this game-changing model as open-source software is scheduled for mid-July.
Read the full release if you’d like to learn more.
Want to sponsor a future newsletter and share your business with our growing list of followers?
Go ahead and send an email to [daniel@aicyclopedia.com].
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AI News: The Shorts 🩳
3/ 47% of tech executives say AI is #1 spend item
[The News] CNBC recently conducted a survey wondering what tech companies are spending on AI.
The results?
47% of the top executives in various industries say AI spending is a top priority in the year to come.
Companies are embracing AI for things like creating images for marketing purposes, managing social accounts, and training younger employees.
Sure, there are concerns that no one really knows the future effects of AI, but according to the survey, 47% of respondents said they also think AI technologies will create more jobs than they destroy. (26% said it will destroy more jobs than it creates).
So should we be scared or trust human’s ability to adapt to technology?
Joe Levy, technology group president at cybersecurity firm Sophos, said it best:
That doesn’t mean we should panic, but it does mean that we should take care when it comes to considerations like its capacity to hallucinate, emergent intellectual property concerns, future legislative actions designed to protect against inevitable ‘dual-use’ abuses, and the effects that it will have on the future composition of workforces…It’s not so much a worry as a cautious optimism.”
4/ Paul McCartney clears things up about AI song
Remember a couple newsletters ago when we shared that Paul McCartney was planning on releasing a final Beatles song with the help of AI?
Well, apparently there’s been some confusion, and McCartney wanted to clear things up.
Here’s the tweet:
[Why this matters] For super fans, the idea of listening to an “artificial” John Lennon voice was clearly too much to handle.
But as we know from the interview, AI is simply being used to “clean up” vocals…
Not replace them.
"We were able to take John's voice and get it pure through this AI so that we could mix the record as you would normally do."
Your AI News Break 🥳
AI News Tid Bits…
👉🏻 Live in the United States? See what AI thinks the typical person from each US state looks like. MIND BLOWN! 🤯
👉🏻 An online learning firm in Missouri, Nerdy, is using AI to complete 30% of its software coding work. According to a shareholder letter, the firm’s staff is “encouraged” to use it.
👉🏻 ChatGPT is triggered by a woman’s stance on girls in sports. Part of the chatbot’s response? “…it’s important to emphasize inclusivity and equality in sports rather than promoting exclusion based on gender.”
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That’s it for today!
If you liked the newsletter, give it a ❤️ and, as always, feel free to sound off in the comment section below 👇🏾
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See you next Thursday! 👋🏻
