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AI News Today: VISA Ventures, Anthropic, IBM, Domino, OpenAI, SnapChat, LinkedIn, and more!

Originally aired on October 13, 2023

In this episode, the Edge of AI podcast covers various topics related to cutting-edge technology and AI. The episode begins by discussing Visa’s $100 million investment fund for companies working on generative AI technologies and applications. It then moves on to anthropic, a generative AI startup, and its plans to raise an additional $2 billion in funding, with Google expected to be a key player in the investment round. IBM’s new AI-powered security platform, Domino’s partnership with Microsoft for generative AI, open AI’s plans to develop its own AI chips, and the launch of an AI smart wearable called TAB are also highlighted. The episode further explores LinkedIn’s AI features for job hunting and marketing, as well as SnapChat’s regulatory scrutiny over its generative AI chatbot. Overall, this episode provides a snapshot of the latest news and developments in the world of AI and cutting-edge tech.

Visa Ventures and generative AI:

  • Visa plans to invest $100 million in companies developing generative AI technologies and applications.
  • The investments will be made through Visa Ventures, the company’s global corporate investment division.
  • Visa aims to support companies applying generative AI to solve problems in commerce, payments, and fintech.

Anthropic’s funding and partnership with Google:

  • Generative AI startup anthropic seeks to raise an additional $2 billion in funding.
  • Google is expected to be a key player in the upcoming investment round.
  • Anthropics was previously committed to a $4 billion investment by Amazon and has a partnership with AWS.

IBM’s AI-powered security platform:

  • IBM announces an upgrade for its Threat Detection and Response services, leveraging AI to automate 85% of security alerts.
  • The platform utilizes multiple layers of AI and contextual threat intelligence from IBM’s Global Security Network.
  • The AI-powered security model offers 24/7 monitoring, investigation, and automated cybersecurity across various technology environments.

Domino’s partnership with Microsoft for generative AI:

  • Domino’s partners with Microsoft to enhance customer experience and store operations using generative AI and cloud computing.
  • The partnership aims to create an innovation lab to speed up the development of innovative store and ordering solutions.
  • Microsoft has been working with Domino’s to harness data and AI capabilities through cloud technologies.

OpenAI’s plans to develop AI chips:

  • OpenAI is planning to develop its own AI chips due to the shortage of chips to train AI models.
  • The company is considering acquiring an AI chip manufacturer or designing chips internally.
  • OpenAI currently relies on GPU-based hardware to power its AI models.

Launch of TAB, an AI smart wearable:

  • Obby Schiffman, the creator of the coid dashboard and an Airbnb-like platform for Ukrainian refugees, announces the launch of TAB.
  • TAB is an AI smart wearable that serves as a personal AI companion, integrating data from users’ daily lives.
  • The wearable actively monitors conversations and provides tailored responses to user queries.

LinkedIn’s AI features for job hunting and marketing:

  • LinkedIn introduces AI features for its job hunting, marketing, and sales products.
  • The platform has updated its recruiter Talent Sourcing platform with a built-in AI assistant.
  • AI-powered LinkedIn learning coach and AI tools for marketing campaigns were previously launched.

SnapChat’s regulatory scrutiny over generative AI chatbot:

  • Snap Corp, the parent company of Snapchat, faces regulatory scrutiny over privacy risks related to its generative AI chatbot.
  • The UK’s Information Commissioner’s Office has issued an enforcement notice due to concerns about data privacy for users, especially children.
  • My AI, Snapchat’s generative AI tool leveraging OpenAI’s chat GPT technology, is the first major messaging platform with a generative AI tool available in the UK.