Anthropic Raises Eye-Popping $1.3 BILLION

Plus OpenAI is being sued

The AI Breakdown First Five - Friday June 28, 2023

Today on the First Five:

  • 5. MLB Using AI to Scout Players

  • 4. FTX Pauses Anthropic Sale

  • 3. 150+ Companies Sign EU AI Act Criticism

  • 2. OpenAI Updates ChatGPT Mobile, Opens UK Office, Gets Sued

  • 1. Inflection Raises $1.3B

5. MLB Using AI to Scout Players

Major League Baseball has partnered with Uplift Labs, a company that uses AI to translate images captured by iPhones into quantifiable player performance metrics. The tool is meant to help identify potential injury risks, as well as to show deeper skills that aren’t as readily apparent in younger players.

4. FTX Pauses Anthropic Sale

The bankruptcy estate of disgraced former crypto exchange FTX has pressed pause on its intended sale of a $500m stake in Anthropic. Speculation is running rampant that the estate realizes its stake could be worth a lot more than par given the frenzy around AI investment.

3. 150+ Companies Sign EU AI Act Criticism

A slew of the EU’s biggest companies have come together to write an open letter to the European Parliament and member states around the draft AI Act. The letter argues that the rules would “jeopardise Europe’s competitiveness and technological sovereignty.” There is specific focus on Generative AI — the rules for which were added after a number of the other provisions.

2. OpenAI Updates ChatGPT Mobile, Opens UK Office, Gets Sued

It’s been a busy week for OpenAI. The company updated their iOS app to include the Browse with Bing feature, meaning the mobile ChatGPT can now access the web. They also announced their first foreign office, opening up in London. Finally, the company was sued around their data collection practices, setting up an interesting legal battle.

1. Inflection Raises $1.3B

Well, Inflection is not playing around. The AI company founded by LinkedIn founder Reid Hoffman and DeepMind founder Mustafa Suleyman has raised $1.3B to build one of the world’s largest clusters of 22,000 H100s. Bubble, or just what it takes to compete on foundation models?

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Signing off from the future’s past - NLW