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OpenAI Considering Making Their Own AI Chips

OpenAI Considering Making Their Own AI Chips

Plus the AI yearbook photos are taking over social media

Nathaniel Whittemore
October 06, 2023

The AI Breakdown First Five - Friday October 6, 2023

Today on the First Five:

5. KPMG Survey Shows CEOs Think AI Is Top Investment Priority
4. Ideogram In Talks to Raise at $500M Valuation
3. Google Pixel 8 Is End-to-End AI Features
2. AI-Generated Yearbook Photos Taking Over Social Media
1. OpenAI Considering Making Their Own Chips

5. KPMG Survey Shows CEOs Think AI Is Top Investment Priority

KPMG has released the results of a recent survey of US CEO’s and boy, the results couldn’t be clearer. 72% say that generative AI is a “top investment priority.” They’re also thinking about it as a medium-term investment, with 23% saying they expect a return in 1 to 3 years and 62% saying they expect a return in 3 to 5 years.

Despite economic uncertainty, generative AI remains a top investment priority among 72% of CEOs, according to KPMG US Chair @paulknopp.
He shares what else is top of mind for CEOs, like inflation and high interest rates:
— Yahoo Finance (@YahooFinance)
2:47 PM • Oct 5, 2023

4. Ideogram In Talks to Raise at $500M Valuation

Another day another (potential) monster investment round. The Information is reporting that Andreessen Horowitz is in discussions with Midjourney competitor Ideogram around a 9-figure round which would value the company at a half-billion dollars.

News: The text-to-image AI battleground is getting super crowded. @a16z has been talkin’ to @ideogram_ai, which is pretty good if you get a chance to try it!
— Amir Efrati (@amir)
10:12 PM • Oct 5, 2023

3. Google Pixel 8 Is End-to-End AI Features

The new Google phone has launched and to the shock of no-one, the headliner features are all AI. New Magic Editor for photos! Conversation Detection; even a souped-up heart-rate algorithm! It may not be an “AI phone” in the way Jony Ive and Sam Altman are talking about it, but it’s clear where big tech’s heads are at.

Google’s Pixel 8 launch was a parade of AI

Presenters said the phrase “AI” dozens of times onstage.

www.theverge.com/2023/10/6/23905985/google-pixel-8-launch-artificial-intelligence-ai-hype-parade

2. AI-Generated Yearbook Photos Taking Over Social Media

Nostalgia is clearly one of the most powerful forces in the world. Right now on TikTok and other social media sites, a tool called Epik is creating high school yearbook shots that are going absolutely viral.

The AI avatar space has another hit!
Epik (from Korea’s Snow) is making ~$250k per day via in-app purchases.
The app is going viral for its AI Yearbook feature, which makes ‘90s photos.
— Olivia Moore (@omooretweets)
4:04 AM • Oct 5, 2023

1. OpenAI Considering Making Their Own Chips

Well, well, well here’s a little intrigue for your October Friday. Reuters report that Sam Altman and co are considering making their own AI chips, and have even considered companies for acquisition as part of the plan. While no decision has been made yet, it certainly adds some spice to the GPU space.

Exclusive: OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating a potential acquisition target
— Reuters (@Reuters)
8:31 AM • Oct 6, 2023