ChatGPT Enterprise launches

Today we are covering…

🚀 ChatGPT Enterprise for businesses launches

🛩 US Air Force eyes 2K AI drones worth $6B

🤔 What are 'GPU rich' and 'GPU poor' companies?

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ChatGPT Enterprise for businesses launches [Link]

Capitalizing on the viral success of its ChatGPT, OpenAI announces the launch of ChatGPT Enterprise, a business version of its AI-powered chatbot app.

The lowdown on ChatGPT Enterprise:

• It can perform the same tasks as ChatGPT, such as writing emails, drafting essays, and debugging computer code - yet it boasts added “enterprise-grade” privacy and data analysis, along with enhanced performance and customization features.

• These capabilities and more put it on par with Microsoft’s Bing Chat Enterprise, a competing enterprise-oriented chatbot service.

• OpenAI points to interest among businesses for the service, claiming ChatGPT has been adopted by teams in 80%+ of Fortune 500 companies.

Yet is ChatGPT itself built to last? This development comes as OpenAI goes under pressure to monetize the wildly popular tool amid its rising operational and development costs. OpenAI made only $30M in revenue in fiscal year 2022.

US Air Force eyes 2K AI drones worth $6B [Link]

In its bid for “air superiority,” the US Air Force wants 2,000 pilotless AI-powered drones, to serve alongside its human pilots, to the tune of $6B as each aircraft costs around $3M.

Just earlier this month, in a 1st-of-its-kind AI-controlled flight test, the aerial arm of the US military flew the 30 ft. long XQ-58A Valkyrie drone for 3 hours.

The AI-driven Valkyrie drones are built to perform tasks such as surveillance, resupply missions, or swarming as a group in order to fight alongside human pilots. Uncrewed Valkyrie aircraft have been developed by the Air Force for years now, well before the boom of gen AI for the bigger public and civilian market.

As the race for AI supremacy among countries like the US and China heats up, officials estimate that it could take some 5 to 10 years to build an AI drone that can perform real air combat.

AI needs ‘human control’: Microsoft president [Link]

Microsoft President and Vice-Chairman Brad Smith stresses the importance of human control over AI, saying that while AI offers potential benefits, it also presents risks if not properly managed.

Some of Smith’s key points:

• The need to maintain human control over AI to prevent its potential misuse by governments, military organizations, or other entities. He drew parallels with safety mechanisms in other technologies, such as circuit breakers in electricity and emergency brakes in vehicles.

• The passage of new laws and regulations to ensure the responsible development and deployment of AI. He referenced the concerns raised by tech leaders, including Sam Altman of OpenAI, about the risks posed by AI, comparing these concerns to the need for safety measures in other technologies.

• The need to have safety controls, akin to circuit breakers and emergency brakes, to avoid undesired outcomes.

He also emphasized AI's impact on jobs, noting that AI should be viewed as a tool that supplements human work rather than replaces jobs entirely.

IBM Chairman and CEO Arvind Krishna shares a similar perspective, stating that AI will augment, not replace, white-collar jobs, leading to increased GDP and economic growth.

What are 'GPU rich' and 'GPU poor' companies? [Link]

Nvidia GPUs are touted as critical to AI development, providing access to powerful models and a competitive edge.

Research firm SemiAnalysis categorizes the tech industry into two main groups:

Nvidia GPUs are pivotal for training AI models, and companies with ample GPU resources are positioned to lead the AI race. Meta, with its significant H100 GPUs, is set to become one of the top GPU-rich companies, while Google's focus on efficient architecture and rapid iteration is propelling it to the forefront of AI development.

Quick Hits

🎮 Gaming

• This new Horizons Worlds update lets you easily block and report other users, plus other new safety controls. (Link)

• Game publisher EA wants to use AI for smoother in-game animations via a new patent. (Link)

• Behold Qualcomm’s Snapdragon G-series chips for handheld gaming devices: the G1, G2 and G3, and a Snapdragon G3x Gen 2 Platform as the newest enthusiast-class processor. (Link)

• From speculation to utility, here’s the true potential of gaming tokens. (Link)

• Whether it’s owning virtual assets, participating in a decentralized economy, or securing digital identities, blockchain can help to create a more secure, transparent, and immersive metaverse experience. (Link)

• In-game metaverse marketing is still growing, says London-based marketing studio Karta. (Link)

🕶 Fashion

• Casio clocks into the metaverse with a trademark filing covering a range of products and services. (Link)

• Latina AI virtual model Evania Aria Luxardo makes you wonder what the future might hold for social media, the influencer world, fashion, and modeling. (Link)

• The Doodles x Crocs Classic Clog Bundle, a colorful phygital collab, includes a redeemable Crocs Box digital collectible. (Link)

• What to know about the EU’s upcoming Digital Product Passport, which requires brands to collect and share data from a product’s entire lifecycle accessible via a digital twin. (Link)

• US fashion tech firm Tukatech and software company Inedit introduce the NeoTextil suite of Adobe Photoshop plugins to North America's textile and apparel industry. (Link)

🏀 Sports

• The Columbus Dispatch pauses its use of an AI sports writing tool after a Westerville football recap goes viral and draws flak on social media. (Link)

• Investors acquire a 29.5% stake in Barça Vision, an FC Barcelona initiative integrating all digital content related to web3, blockchain, NFTs, and the metaverse to build the digital Espai Barça. (Link)

• Hyper-real platforms are making the metaverse more real. (Link)

• The US Tennis Association’s move to launch an interactive Roblox experience aligns with the broader trend of sports entities leveraging virtual platforms to engage younger audiences. (Link)

• Martha Stewart talks AI, sustainable scallops, and her Sports Illustrated cover. (Link)

🎥 Media & Entertainment

• Following the rebranding of Twitter to X, weekly active users and downloads go down while revenue goes up. (Link)

• Crypto Lab and Walmart join forces on Cultureverse, an interactive virtual experience honoring 50 years of hip-hop's impact on art, music, and fashion. (Link)

• Bluesky releases updates for mobile apps and its website, including a new tab, an emoji picker, and the ability to suggest people to mention. (Link)

• Kakao Entertainment of Mave: and Feverse aim to use IPs of virtual idols for other services such as webtoons and games. (Link)

• Miley Cyrus is sharing "untold stories" from her life on TikTok, reflecting on the differences between how she and her father Billy Ray Cyrus grew up. (Link)

• Ubuntuland, an African metaverse platform, is striving to assemble a 1B user base. (Link)

🖼 Art

• Shibarium lets users withdraw tokens from its bridge following software issues that trapped millions of dollars. (Link)

• Artist Jasper Wong and Decrypt create the NFT fundraiser Maui Strong to aid victims of the devastating Hawaii wildfires. (Link)

• Tomorrowland successfully generated $2.2M from NFT sales, offering fans exclusive experiences like early access. (Link)

• Chilean winery Viña VIK introduces 50 double-magnums of 2018 vintage as NFTs, a 1st of its kind in Latin America, allowing collectors to choose between physical wine or the NFTs. (Link)

• Donald Trump makes a digital comeback with a mugshot, sparking a meme frenzy and increasing the value of his NFTs. (Link)

• Manga artist Rui Araizumi responds to accusations of AI usage by posting a video of him manually creating the cover art for his new art book. (Link)

🤖 AI

• The US Air Force seeks $5.8B to construct 1K+ AI-powered unmanned combat aircraft for modern air dominance. (Link)

• ProtoGPT, a conversational AI Avatar Hologram for Enterprise, merges holographic visuals and AI. (Link)

• How long will it be before a robot does your chores? (Link)

• The Vietnamese government, aiming to be in the top 4 in South-East Asia and the top 50 globally for AI R&D and application by 2030, seeks to establish 10 AI brands and services. (Link)

• Here’s how AI can transform global health care. (Link)

• DoorDash launches an AI-powered voice ordering tool, allowing restaurants to better serve customers and boost sales. (Link)

💸 Funding & Partnerships

• FC Barcelona announces new strategic partners to acquire $129M (€120M) of shares, providing Barça Media access to US capital markets with a projected enterprise value of $983M (€910M). (Link)

• Tenstorrent, an AI processor and IP provider, raises $100M to accelerate product development, AI chiplets, and ML software roadmap. (Link)

• Raleon raises $3.8M in a seed funding round to expand its platform with features like growth analytics, marketing automation, and Embedded Quests. (Link)

• LG Uplus' platform push gains momentum, with tripled venture funding over the past 20 months compared to 2020-21. (Link)

• Metatron Apps Inc. partners with AICopy.com, an AI platform that aims to enhance productivity and creativity. (Link)

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All content on this newsletter is for informational purposes only and does not aim to serve as or replace expert investment advice.

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