😺 Big Tech is Big AI

Welcome, humans.

The AI-generated video of Biden from the GOP was ... interesting. We don't usually discuss politics, but hypothetically, we'd back an AI over any existing candidate. 🤖

Here’s what’s going on in AI today:

• Big tech highlights AI potential in earnings reports.
• OpenAI previews ChatGPT Business.
• HuggingFace released its own chatbot called HuggingChat.
• Apple is building an AI-powered health coach.

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AI Is All The Talk In Big Tech Earnings 💸

It's earnings season, and leading tech companies are championing AI like athletes sporting Nikes at the all-star game.

Microsoft is showing it has the most to bring to the table. CEO Satya Nadella expressed his determination to win in AI, and the results show:

• Azure service customers using ChatGPT or GPT-4 grew to over 3,500 (a 10x increase from Q4), while over 10,000 businesses signed up for GitHub Copilot for Business.
• Bing captured increased market share among US search engines, and now has over 100 million daily active users.

Google also had lots to say, but its casual attitude might have played a role in its 2% stock increase compared to Microsoft's 9%.

CEO Sundar Pichai stressed the continued development of "state-of-the-art" LLMs but said little in the way of ChatGPT's looming threat to its core search advertising business.

It wasn't just tech giants praising AI. Coca-Cola is putting generative AI ahead of sugar in 2023, investing heavily in tools like Runway and Midjourney to produce creative assets.

Spotify is also tapping into AI, with its newly released AI DJ reaching millions of users every week.

Looking forward: We've got our eyes peeled for any AI announcements in Amazon and Meta's earnings later this week (& in Apple's next week)!

ChatGPT Lets Users Turn Off Chat History 🏢

Today, OpenAI announced the option to disable chat history in ChatGPT.

The move comes amid several companies banning ChatGPT at work over concerns that confidential information may be used to train the chatbot.

The fear isn't unwarranted, given 8-10% of employees paste sensitive data into ChatGPT.

Now, OpenAI is working to win back friends in anticipation of the launch of its ChatGPT Business service.

• Before today, OpenAI competitors jumped on pitching enterprises on training their own AI models in a privacy-first way. Your model, your data.
• OpenAI isn't going to take that lying down. With today's move, they're fighting to keep the ChatGPT momentum going before too many other tools take root.

Looking forward: We're still unsure if a general model like GPT-4 can cover every business use case or if companies need more optimized models.

Around the Horn 🦄

• Apple is building an AI-powered health coaching service called Quartz that syncs with your Apple Watch.
• Four federal agencies including the DOJ and FTC announced that they'll be cracking down on AI bias.
• Runway is bringing its video-to-video generative AI called Gen-1 to a mobile app.
• Nvidia released an open-source toolkit called NeMo Guardrails to make AI apps more secure and accurate.
• TikTok is developing a function that will enable users to create AI-generated profile images.

Treats To Try 🍿

• Featured: LoopGenius helps you find your first 100 customers fast. Go from idea to landing page to socials in minutes. Launch your business with LoopGenius.
• Covey is an AI sourcing assistant that evaluates and finds you better candidates.
• Superflows helped you reply to emails in one-click with pre-generated replies.
• Insights Copilot extracts insights by listening to online social media conversations.
• Artifact, an AI news app, can now summarize and explains articles to you in different ways.
• Baked lets you put your generative AI art onto physical products like mugs and shirts.
• Hugging Face released its own chatbot called HuggingChat. They want it to be even more versatile than ChatGPT, but early signs show it's playing catch up.

DM us links on Twitter: @nonmayorpete & @noahedelman02.

Wednesday Wirings 💸

1. Replit raised $97.4 million to continue building its AI-powered software developer platform.
2. Clerkie closed a $33 million Series A round for its AI financial automation platform.
3. Veo Robotics raised $29 million to build software that helps humans and robots work together.
4. Robust raised a $20 million Series A round for its warehouse robots.

A Cat's Commentary 😻

That's all we have for today. Have a great weekend! See you cool cats on Twitter if you're there: @nonmayorpete & @noahedelman02.