• Horizon AI
  • Posts
  • Anthropic Seeks $750 Million in Funding 💸

Anthropic Seeks $750 Million in Funding 💸

+ Pulitzer Prize winners join AI copyright lawsuit

Welcome to another edition of Horizon AI,

Anthropic, one of OpenAI’s biggest rivals, is seeking a significant boost in funding. This ambitious effort will undoubtedly raise expectations for the startup to become a key player very soon.

Meanwhile, more authors join the copyright lawsuits against OpenAI and Microsoft…

Let's get into it!

Read Time: 3.0 min

Here's what's new today in the Horizon AI

  • Anthropic Seeks $750 Million in Funding 💸

  • Pulitzer-Winning Authors Join Copyright Lawsuit Against OpenAI and Microsoft

  • AI Research: AI helps diagnose childhood autism with 100% accuracy

  • Trending AI Tool of the day: Fast and easy market research with Capgo

  • AI Image of The Day🎨: Beautiful nature

  • The Latest in AI and Tech 💡

AI News

ANTHROPIC

Anthropic Seeks $750 Million in Funding 💸

Source: Anthropic

Anthropic, a startup founded by ex-OpenAI senior members, is hitting the fundraising circuit again in a major way. The company is reportedly seeking to raise $750 million in fresh funding led by top VC firm Menlo Ventures.

Details:

  • Menlo Ventures is expected to invest between $400 million and $500 million in the round. If successful, the new cash would value the startup at a staggering $18.4 billion.

  • Founded by siblings Dario and Daniela Amodei, Anthropic has gained recognition with its AI model, Claude, positioning it as a direct competitor to OpenAI’s popular ChatGPT.

  • Anthropic enjoys backing from tech giants Google and Amazon, with both companies having already made billion-dollar investments in the startup.

If Anthropic secures the $750 million in funding, it would be a huge vote of confidence in the startup's ability to compete head-to-head with leading AI firms. The company is aiming to position itself to stand out from the pack.

OPENAI & MICROSOFT

Pulitzer-Winning Authors Join Copyright Lawsuit Against OpenAI and Microsoft

A group of renowned nonfiction authors recently joined an ongoing lawsuit alleging copyright infringement by leading AI firms OpenAI and Microsoft.

Details:

  • 11 authors, including Pulitzer Prize winners Taylor Branch, Stacy Schiff, and Kai Bird, filed an amended complaint in federal court this week

  • They claim OpenAI and Microsoft violated copyrights by scraping their full-text works without permission to train AI systems like ChatGPT

  • This is one more of several cases brought by groups of copyright owners, including authors John Grisham, George R.R. Martin, and Jonathan Franzen, against OpenAI and other tech companies.

The case puts two AI heavyweights against a group of acclaimed authors in a high-stakes battle. The outcome could shape industry practices and business models going forward.

AI RESEARCH

AI helps diagnose childhood autism with 100% accuracy

Source: New Atlas

An AI algorithm has shown remarkable accuracy in diagnosing childhood autism simply by screening retinal photographs. In a new study from South Korea, the deep learning model correctly picked out every child with autism from a sample of nearly 1,000 participants based on subtle features in images of the retina.

Details:

  • 958 children around age 8 took part, half with an autism diagnosis

  • AI achieved 100% accuracy in identifying children with autism

  • Also showed "acceptable" accuracy for gauging symptom severity

 With further validation, AI-based screening of readily captured retina photos could soon offer a rapid, non-invasive way to spot early signs of autism, paving the way for timely interventions.

Trending AI Tool

Fast and easy market research with Capgo

Source: Capgo

CapGo is a market research tool that allows users to seamlessly gather vast amounts of real-time information from the web with just one click. It uses AI technology to make market research effortless and fast

Main Features:

  • Market research up to 10x faster.

  • Can handle multiple queries simultaneously.

  • Easy-to-use spreadsheet interface.

Check this AI tool here

AI Image of The Day

Beautiful nature

Send your AI-generated images for a chance to get published here: [email protected]

Source: u/Narrow-Elk572 on Reddit

The latest in AI and Tech

Intel CEO attributes Nvidia’s AI dominance to luck and good timing

Source: Manufacturing @ MIT

Intel CEO Pat Gelsinger believes Nvidia simply got "extraordinarily lucky" with its AI-focused GPUs. He argues that had Intel not canceled its Larrabee GPU project over a decade ago, the company would be leading the AI hardware market instead of Nvidia today. In a discussion at MIT, Gelsinger dismissed Nvidia's strategy, claiming its AI success largely came down to fortunate timing.

Meta CTO Andrew Bosworth believes people will learn to adapt to fake AI-generated content

Source: Meta

Meta CTO Andrew Bosworth believes that people will adapt to deepfakes and AI-generated content. He is not convinced that watermarks are a good solution, as they can be easily circumvented. Bosworth believes the youth of today will grow up knowing all text, images, and videos are suspect and will act accordingly.

Google's VideoPoet: A large language model for zero-shot video generation

Google has unveiled its latest AI for generating videos called VideoPoet. This large language model can create and edit videos of variable lengths from just text prompts, controlling motions, styles, and even camera movements. It integrates capabilities like text-to-video, image-to-video, stylization, inpainting, and audio generation into one model for versatility.

That’s a wrap!

Thanks for sticking with us to the end! Let’s stay connected on LinkedIn and Twitter.

Not subscribed yet? Sign up here and send it to a colleague or friend!

See you in our next edition!

Gina 👩🏻‍💻