Author: IBL News

IBL News | New York

Arizona State University (ASU) announced today a partnership with Microsoft-backed OpenAI that will give the institution access to the enterprise version of ChatGPT, which offers more security, privacy, and higher-speed access to this technology.

ASU highlighted in its announcement that “it has become the first higher education institution to collaborate with OpenAI.”

To date, OpenAI has signed dozens of partnerships with companies in media, technology, and other industries.

The university’s President, Michael Crow, said, “ASU recognizes that augmented and artificial intelligence systems are here to stay, and we are optimistic about their ability to become incredible tools that help students to learn.” 

IBL News | New York

The Q&A website Quora announced this month it raised $75 million from Andreessen Horowitz (a16z), destined to accelerate the growth of its AI chat platform ‘Poe,’ which was launched a year ago.

With this round — the first in nearly seven years — Quora is valued at $500 million, according to its CEO, Adam D’Angelo [in the picture above].

Despite this decline in valuation, Adam D’Angelo said that the company is cash flow positive.

“We expect the majority of the funding to be used to pay creators of bots on the platform through our recently launched creator monetization program,” wrote Adam D’Angelo in a statement.

“Our goal is for Poe to enable as many individual developers as possible to make a living, and for as many businesses as possible to operate profitably solely by using the platform.”

“This is true whether developers are creating a bot using an existing model with a prompt and any uploaded files, or whether they are training a model themselves,” he added.

Poe aggregates a wide range of text and image AI models like ChatGPT, DALL-E 3, Claude 2, Stable Diffusion, Llama, and others, which gives creators a huge playground of tools to access.

According to data TechCrunch viewed from Apptopia in October, Poe’s mobile app was downloaded more than 250,000 times in February, its first month open to the public. Through October, Poe saw over 18.4 million installs and grew to nearly 1.22 million monthly active users.

“Already, Poe shows signs of increasing returns to scale,” wrote Andreessen Horowitz‘s partner David George in a blog post. “Currently, Poe is one of the top 5 largest generative AI-related properties, and creators have built 1M+ bots on Poe the platform.”
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IBL News | New York

Domain-specific applications using domain-specific data will unlock a lot of value and competitive advantage, said Coursera’s CEO Jeff Maggioncalda at Davos during the 54th annual meeting of the World Economic Forum.

“Don’t try to build the next LLM for the world, try to build some domain-specific language models,” he stated. “It’ll be difficult to build businesses, unless you’re building foundation models.”

“There is a huge untapped opportunity in building generative AI applications over building large language models (LLMs),” added Andrew NG, the founder and CEO of Landing AI and former CEO of Coursera.

“There are so many more opportunities in applications of AI to healthcare, financial services, IT consulting, and so on. These have huge opportunities that relatively very few people are working on,” said Ng.
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Update: On Thursday, January 18, Jeff Maggioncalda said that Coursera added a new user every minute on average for its artificial intelligence courses in 2023. The platform has more than 800 AI courses and saw more than 7.4 million enrollments last year.

Every student on the platform gets access to a ChatGPT-like AI assistant called “Coach” that provides personalized tutoring.

The chatbot uses OpenAI and Google’s Gemini’s LLMs.

Maggioncalda said that the company does not plan to build or train its own models.“We’ll probably be fine tuning with proprietary data just on top of these large language models.”

Coursera has also used the technology to translate about 4,000 courses in different languages and plans to ramp up hiring for AI roles this year.

IBL News | New York

Upgrad Education, led by Indian entrepreneur Ronnie Screwvala, is in the advanced stages of acquiring this year for $80 million the Silicon Valley online education platform Udacity, one of the three big MOOC platforms, along with Coursera and edX/2U, according to The Economic Times.

Sebastian Thrun-founded Udacity was last valued at $1 billion in 2015 after it raised $105 million from investors like Germany’s Bertelsmann and Scotland’s Baillie Gifford. VC Andreessen Horowitz (a16z) is also one of its investors.

Upgrad founder Ronnie Screwvala [in the picture], who owns of 22.4% in Upgrad, has pitched to external investors for about $50-60 million.

According to the same source, the Mumbai-based Upgrad is trying to raise up to $100 million, of which about 80% will be used for financing the deal.

If this funding round is completed, the valuation for Upgrad will see a jump from its last assessment of $2.5 billion.

Upgrad has raised $365 million since its inception in 2015.

California-based Udacity offers courses across data engineering, business analytics, artificial intelligence, data science, product management and others. Udacity has three key verticals: individuals, government, and enterprise. The enterprise business is the largest revenue driver for the US-based firm.
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IBL News | New York

Nabla, a French start-up that develops AI copilots for doctors and medical staff, reached a valuation of $180 million following a fundraising of $24 million in Series B funding.

The round, led by Cathay Innovation, with participation from ZEBOX Ventures, came a few months after Nabla signed a large-scale partnership with U.S. healthcare giant Kaiser Permanente, and now it is actively used by thousands of doctors.

Nabla’s main copilot has been described by the company as “a silent work partner that sits in the corner of the room, takes notes, and writes medical reports.” It can help doctors save time on admin work so that they can be more focused on patients.

Essentially, when a physician starts a consultation, he hits the start button in Nabla’s interface, forgetting about their computer. It uses real-time speech-to-text technology to turn the conversation into a written transcript. Nabla uses a combination of a speech-to-text API from Microsoft Azure and its technology based on the open-source Whisper model.

The tool works with both in-person consultations and telehealth appointments.

It uses an LLM refined with medical data and health-related conversations to identify the important data points in the consultation — medical vitals, drug names, pathologies, etc.

At the end of the consultation, the system generates a thorough medical report with a summary of the consultation, prescriptions, and follow-up appointment letters.

The report can be personalized by the doctor, with instructions to be more concise or verbose, along with notes that follow the Subjective, Objective, Assessment, and Plan (SOAP) pattern, widely used in the U.S.

Physicians have a final say as they can edit reports before they are filed in their electronic health record system (EHR).

Nabla is currently available as a web app or a Google Chrome extension.

The Paris-based company ensured TechCrunch that it is on track to process more than 3 million consultations per year in three languages.
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IBL News | New York

Coursera, with over 129 million registered learners, has translated 4,200 courses into 17 languages with Generative AI, the company’s CEO, Jeff Maggioncalda, said to Forbes.

Coursera has also deployed a personalized tutor chatbot named ‘Coach.’ Students can summarize learning activities, ask for help on a concept, or create practice problems.

Coach emphasizes learning, but it doesn’t give users the answer, especially during end-of-lesson quizzes.

Separately, the company is utilizing AI to help its 300+ university and industry partners build courses and develop content. The tool allows to generate outlines, write learning objectives, and compile lessons into new courses.

Maggioncalda says that the company is aiming into an era of having the most adaptive, personalized, and effective learning experience that a student can have.
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IBL News | New York

The Open edX organization will host its 2024 annual conference in Cape Town, South Africa, between July 2nd and July 5th, 2024.

The event will take place at Stellenbosch University.

The organizers — the Center for Reimagining Learning (or “tCRIL”), the MIT and Harvard non-profit organization — announced that the conference will showcase innovative technologies and use cases, advancements in instructional design, and methods for operating and extending the Open edX platform.

In addition, breakthrough applications in generative AI will be featured.

The call for proposals will end on January 17th. Registration is open, along with sponsorship options.

IBL News | New York

OpenAI introduced yesterday its GPT Store, with millions of custom versions of ChatGPT only open to paid users under ChatGPT Plus, Team, and Enterprise premium plans.

IBL News | New York

Hundreds of AI-generated influencers have broken into the $21 billion content creator economy, threatening human characters.

Brands have been quick to engage with virtual influencers as a new way to attract attention while reducing costs. In addition, they have total control versus a real person who comes with potential controversy and their own opinions.

These virtual avatars, hyper-realistic created with AI, can be followed by large audiences, as the Financial Times reported.

For example, pink-haired, digital Aitana López is followed by over 200,000 people. It was created by the Barcelona-based agency The Clueless, whose creations [in the picture] have been criticized for being overly sexualized.

Brands such as Victoria’s Secret have paid $1,000 a post to promote their products.

Other virtual influencers like Lil Miquela achieved an audience of 3 million followers and have worked with Burberry, Prada, and Givenchy.

The rise of these virtual influencers has been accelerated by the fact that no rule obliges creators to declare that they are generated by AI. India is the only country that forces virtual influencers to reveal their AI origins.

H&M said that its virtual influencer Kuki has reached 11 times more people and resulted in a 91 percent decrease in cost per person compared with a traditional ad.
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IBL News | New York

OpenAI responded in a blog post yesterday to The New York Times about its legal action, saying that the paper “manipulated” its models, “is not telling the full story”, and its lawsuit is “without merit.”

• “Training is fair use, but we provide an opt-out because it’s the right thing to do,” OpenAI said.

• “The principle that training AI models is permitted as fair use is supported by a wide range of academics, library associations, civil society groups, startups, leading US companies, creators, authors, and others that recently submitted comments to the US Copyright Office.”

• “We have led the AI industry in providing a simple opt-out process for publishers (which The New York Times adopted in August 2023) to prevent our tools from accessing their sites.”