- Horizon AI
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- Reddit's $60 Million AI Deal 💸
Welcome to another edition of Horizon AI,
Reddit has found an opportunity to turn its platform content into a lucrative asset as AI firms aggressively seek out high-quality training data sources. Meanwhile, SoftBank aims to raise $100bn to compete with Nvidia.
Let's get into it!
Read Time: 3.0 min
Here's what's new today in the Horizon AI
A Chart to Kickstart Your Day 📈: AI Misinformation a Top Global Threat in 2024
Reddit Strikes $60M Deal to Train AI with User Posts
SoftBank’s Son Seeks to Build a $100 Billion AI Chip Venture
AI Tutorial: Get AI to help you take meeting notes
AI Tools to check out
The Latest in AI and Tech 💡
A chart to kickstart your day
AI Misinformation a Top Global Threat in 2024
A recent study by the World Economic Forum revealed that 53% of people view AI-generated misinformation and disinformation as one of the top threats with the potential to cause a significant global crisis in 2024, second only to extreme weather events.
AI News
Reddit Strikes $60M Deal to Train AI with User Posts
Reddit has reportedly secured a $60 million annual deal to provide platform content as training data for an unnamed large AI company.
Details:
Reddit posts are valued for AI training due to their human-rated upvotes and downvotes, and the presence of contextual links, which assist in choosing high-quality data for AI models.
The deal was disclosed to potential investors ahead of Reddit's planned IPO, which is expected to value the company at over $5 billion.
Previously, AI companies often used web data without permission, but legal concerns have pushed them to seek more legitimate data sources, thereby opening golden opportunities for platforms such as Reddit.
SOFTBANK
SoftBank’s Son Seeks to Build a $100 Billion AI Chip Venture
SoftBank Group CEO Masayoshi Son is looking to raise up to $100 billion for an ambitious AI chip venture aimed at challenging Nvidia's dominance.
Details:
The project, named "Izanagi," will focus on supplying the essential semiconductors needed for AI systems and applications.
SoftBank plans to invest $30 billion, with $70 billion more potentially coming from Middle Eastern investors.
Son's strategic shift toward AI chips reflects a calculated bet on the future of the technology, with SoftBank’s stock responding positively to the news.
If successful, Izanagi may become the largest investment in AI since Microsoft reportedly invested $10 billion in OpenAI.
AI Tutorial
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AI Tools to check out
Atwork: AI-powered work management solution that enhances productivity and decision-making.
Upflowy: Turn your leads' behavior into AI Summaries.
Design AI: Create logos, videos, banners, mockups with A.I. in minutes.
MagiScan: Capturing real-life objects and turn them into 3D models.
Keepi: Personal knowledge AI tool designed to capture, organize, and retrieve various forms of information.
The latest in AI and Tech
Tech giants like Microsoft, Meta, Google, and OpenAI have joined forces to develop technologies that can detect deepfakes. By signing the AI Elections Accord, these companies have pledged to collaborate on strategies to identify and mitigate the risks posed by deepfakes ahead of upcoming elections.
Apple fans are starting to return their Vision Pro headsets. Comfort, headaches, and eye strain top the list of reasons cited by users on social media for sending back the $3,500 devices within the 14-day return window.
A man successfully sued Air Canada after their chatbot provided misleading information about bereavement fare discounts. Armed with a screenshot of the conversation, the man took the airline to court and won, highlighting the potential liability for companies when their AI assistants go astray.
Xpeng plans to hire 4,000 new employees and invest $486.2 million in AI technology for intelligent driving, as CEO He Xiaopeng warns of intense competition that could lead to a "bloodbath" in the electric vehicle space.
OpenAI has completed a deal valuing the artificial intelligence company at $80 billion or more, according to a New York Times report. The company would sell existing shares in a tender offer led by venture firm Thrive Capital. The deal also lets employees cash out their shares in the company.
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Gina 👩🏻💻