Microsoft and Apple Abandon Board Roles at OpenAI 🔥

Welcome to another edition of Horizon AI,

Fearing increased antitrust scrutiny, both Apple and Microsoft are distancing themselves from OpenAI…

Let's jump into it!

Read Time: 3.5 min

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

• A Chart to Kickstart Your Day 📈: What are the most impactful use cases for Generative AI in finance organizations?

• Microsoft and Apple Withdraw from OpenAI Board Amid Regulatory Scrutiny 🤯

• The Influence of Generative AI in Science

• AI Tools to check out and AI Job board

• The Latest in AI and Tech 💡

• AI Showcase

A chart to kickstart your day

What are the most impactful use cases for Generative AI in finance organizations?

• This survey by Gartner, Inc., conducted in November 2023 with 100 finance leaders, revealed the GenAI use cases corporate finance leaders expect to have the most impact on their function in 2024.

• Finance leaders believe that the most impactful use case for generative AI will be in forecast and budget variance explanation.

Source

AI News

OPENAI

Microsoft and Apple Withdraw from OpenAI Board Amid Regulatory Scrutiny 🤯

Microsoft and Apple have decided to give up their positions on OpenAI’s board. This move comes amid increasing regulatory scrutiny concerning their partnerships and investments.

Details:

• Microsoft has stepped down from its observer seat on OpenAI’s board, a position it held for less than eight months.

• Apple was planning to join OpenAI’s nonprofit board, it has now decided against this move.

• OpenAI confirmed Microsoft's departure and expressed gratitude for their partnership, affirming a continued collaboration under a new approach led by CFO Sarah Friar.

• The changes are influenced by growing antitrust concerns, with UK, EU, and FTC regulators scrutinizing the Microsoft-OpenAI partnership and other Big Tech AI deals.

• Despite stepping down, Microsoft remains a significant investor in OpenAI with over $10 billion invested, and will continue to be the exclusive cloud partner.

They are not the only tech giants being investigated, the FTC is also investigating Amazon, and Google investments into OpenAI and Anthropic.

Source

AI RESEARCH

The Influence of Generative AI in Science

Generative AI, particularly ChatGPT, is becoming a significant part of the scientific community. A recent global survey conducted by Elsevier highlights the widespread adoption and mixed feelings among researchers and clinicians regarding AI's role in science.

Details:

• 96% of the 2,999 respondents have heard of AI, with over half (54%) having used it. Nearly a third (31%) use AI in their professional work.

• ChatGPT is the most recognized AI tool, with 89% awareness and a quarter of respondents using it professionally. Other tools like Bard and Bing Chat have significantly lower awareness rates (40% and 39%, respectively).

• A majority (72%) believe AI will have a transformative or significant impact on their field. Almost all respondents expect AI to accelerate knowledge discovery (95%) and increase research output (94%).

• Despite the optimism, 94% fear AI could be used for disinformation, 86% worry about critical errors, and 81% think AI might impair critical thinking.

The survey underscores the dual-edged nature of AI in science. While its potential to revolutionize research is widely acknowledged, significant concerns about its misuse and reliability persist.

Source

AI Tools to check out

🌐 10Web: Build your website with AI.

🎨 Logome: Design your stunning brand logo with AI.

🔍 Facia: Prevent fraud and spoofing attacks with facial recognition technology.

🌎 Geospy: Uncover photo locations with AI.

🚀 Abstra: Scale business processes with Python + AI.

Whenever you are ready, here's how we can help you:

Book an Audit call with our AI Automation agency: Our clients saved 40+ hours in their first month. Book your call now, Limited spots available. (Your business must be making a minimum of $5K/month)

AI Job Board

💻 Product Manager - ClassDojo

📈 Software Engineer - Dropbox

👨‍💻 Project Manager - 2K

💻 Business Analyst - SpaceX

The latest in AI and Tech

Jared Leto backs AI startup Captions in $60M funding round

Captions has raised $60 million in a funding round led by Index Ventures, elevating its valuation to $500 million. Key investors include Kleiner Perkins, Andreessen Horowitz, Sequoia Capital, and actor Jared Leto. The company's software allows users to create and share videos with multilingual avatars, regardless of filmmaking experience.

TSMC briefly hits $1 trillion market cap

Taiwan Semiconductor Manufacturing Company (TSMC) briefly crossed the $1 trillion market cap on the New York Stock Exchange, driven by a 4.8% gain. This surge is attributed to the booming demand for AI technologies, significantly influenced by Nvidia's recent successes. TSMC's stock has risen nearly 80% this year, reflecting the broader AI-driven market enthusiasm

UK politician accused of being AI is actually real

Mark Matlock, a candidate for the right-wing Reform UK party, has confirmed he is a real person after online speculation suggested he was an AI bot. The rumors arose due to his digitally altered campaign image and absence from key events.

The Washington Post debuts AI chatbot

he Washington Post has introduced Climate Answers, an AI chatbot integrated into its homepage, app, and articles. This experimental tool leverages the outlet's extensive climate reporting to answer questions on climate change, the environment, and sustainable energy.

AI Showcase

🖼 AI art of the day

terrorschach testament in blue --style raw --chaos 22 --ar 4:5 --stylize 999 --weird 22 --personalize avgyztl

📹 AI video of the day

AI meme of the day

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 👩🏻‍💻