Apple Boosts Generative AI Investments to Compete with Tech Rivals 💰

Welcome to another edition of Horizon AI,

Apple is looking to ram up its investments in generative AI, a strategic move aimed at going head-to-head with its tech rivals. Will this be enough to bridge the gap?

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Let’s jump into it!

Read Time: 3.5 min

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

• Apple Boosts Generative AI Investments to Compete with Tech Rivals 💰

• A Glimpse at The State of AI Report 2023

• AI Research: AI Cleans Up Wikipedia's References, Boosting Reliability

• Trending AI Tool of the day: PitchYourIdea.ai - Turn Your Ideas Into Reality

• AI Image of The Day🎨: Actors portraying James Bond

AI News

APPLE

Apple Boosts Generative AI Investments to Compete with Tech Rivals 💰

Apple is looking to ramp up its investments in generative artificial intelligence, according to a recent Bloomberg report. The tech giant is aiming to catch up to competitors in this field.

Details:

• Apple plans to spend around $1 billion per year to develop its generative AI capabilities

• The funding will go towards integrating AI into Siri, Messages, Apple Music, and other products

• Apple has reportedly built its own large language model called Ajax and an unreleased chatbot known as Apple GPT

This comes after companies like Google, Microsoft, and Amazon have shown off new generative AI tools. With massive investments headed for its AI initiatives, Apple is gearing up to compete in the next big tech race.

Source

AIR STREET CAPITAL

A Glimpse at The State of AI Report 2023

The State of AI Report analyzes significant developments in AI in this year. It is produced by AI investors Nathan Benaich and the Air Street Capital team and is reviewed by leading AI practitioners. Its primary objective is to stimulate informed discussions regarding the current state of AI and its potential implications for the future.

Key Takeaways:

• GPT-4 dominates all benchmarks, showcasing the strength of proprietary architectures and reinforcement learning.

• Language models and diffusion models drive advancements in life sciences, particularly in biology and drug discovery.

• Generative AI startups secure over $18 billion in funding, boosting the VC landscape.

• The safety debate gains global attention but lacks concrete progress and reveals divisions in the AI community.

You can check the full report here.

AI RESEARCH

AI Cleans Up Wikipedia's References, Boosting Reliability

Wikipedia, the online encyclopedia anyone can edit, relies on citations and references to back up information and establish credibility. But some references point to broken links or questionable sources.

A recent study reveals an AI system called SIDE (Shortcomings Identification Discovery and Enhancement) that can:

• Flag questionable Wikipedia references

• Find better reference sources to replace weak or broken links

• Suggest new references to improve credibility

In tests with Wikipedia users, 21% preferred the citations found by the AI, 10% preferred the existing citations and 39% did not have a preference. So there is still work to be done.

The AI could save editors time in evaluating citations. However, it still needs human supervision to deploy effectively. With the right implementation, it could make Wikipedia entries more consistently well-sourced and reliable.

Source

Trending AI Tool

PitchYourIdea - Turn Your Ideas Into Reality

PitchYourIdea.ai is a new AI-enhanced platform that probes & transcribes ideas into polished pitch decks in real time.

Details:

• It provides you with a variety of templates and tools to create a professional pitch deck that will impress investors and customers.

• You can get feedback from AI experts who will act like real people with specific characteristics, topics, and voices.

Check this AI tool here

AI Image of The Day

Source: u/DonkManRobinson91 on Reddit

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