Hey AI enthusiasts!

Bill Gates reflects on the developments and potential of artificial intelligence as we head into 2024. Plus the AI funding craze doesn't stop - Let’s dive in!

In today’s AI world:

• Bill Gates AI predictions
• AI Deals of the Week
• OpenAI gives you $1 million
• Microsoft CoPilot can make songs
• Safety Gaps in leading AI systems like GPT

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RECENT DEVELOPMENTS

🔮 Bill Gates makes AI predictions for 2024​

In his Blog, Bill Gates reflects on the developments and potential of artificial intelligence as we head into 2024. Gates mentions his use of AI for serious work purposes and anticipates that AI will enhance various aspects of life, including education, health, and addressing inequalities.

The details:

• AI for Global Health: Gates highlights the potential of creating new medicines for issues like HIV, TB, and malaria. And managing high-risk pregnancies and enhancing prenatal care with AI-powered ultrasound or tools for health workers.
• AI for Education: Gates is excited about AI-powered educational tools, such as personalized tutors. He believes these tools have the potential to offer tailored educational experiences.
• AI for Equity and Inclusion: He stresses the importance of making AI equitable and reducing the gap between innovation in high-income and low-income countries.
• AI for Acceleration of Innovation: Gates believes that AI will speed up the rate of discoveries and advancements in multiple fields.
• AI Adoption Timeline: Gates predicts that within the next 18 to 24 months, there will be significant AI adoption by the general population in high-income countries, with similar levels of use in African countries within approximately three years.

Why this matters:

In summary, Bill Gates' predictions align with current trends in AI development and its applications. They reflect a generally optimistic view of AI's potential to positively impact various aspects of life, provided that its deployment is managed responsibly and equitably.

​Read more predictions here​

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💲 Deals of the Week

Exits

​IBM to acquire StreamSets and WebMethods from Software AG for $2.3 billion.

Late Stage/Growth

​Lightmatter, the Boston-based leader in photonics raised a $155 million Series C-2 led by Google Ventures and Viking Global Investors.

​GreyOrange, an Atlanta-based fulfillment robotics company raised a $135 million Series D funding round led by Anthelion Capital.

​Arkon Energy, a Melbourne, Australia-based data center infrastructure company, raised a $110 million funding round led by BlueSky Capital Management.

​Harvey, a Silicon Valley-based legal AI startup raised a $80 million Series B from Elad Gil, Kleiner Perkins, OpenAI, and Sequoia.

​Meltwater, the San Francisco-based media monitoring startup, gets a $65 million investment from Verdane.

​Twin Health, a Silicon Valley-based metabolic health startup, raised $50 million in Series D funding led by Temasek.

Early-Stage

​Essential AI, a San Farncisco-based raised a $56.5 million Series A funding round led by March Capital.

Tacto, a Munich-based startup providing AI supply chain solutions, raised a €50 million Series A funding round led by Sequoia Capital and Index Ventures.

​Ignition, an AI-powered sales and marketing platform raised a $8 million funding round led by Audacious Ventures.

​Virtuleap, a startup that uses VR and AI for brain health raised $2.5 million led by GED Ventures Portugal.

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MORE AI NEWS

💰 OpenAI wants to give you $1 million to start an AI startup​

OpenAI's Startup Fund is offering $1 million in funding and resources to prospective AI startup founders. The program, called "Converge 2," invites applicants to provide minimal information about their company and idea through an online form and a 30-second pitch video. OpenAI will select between 10 - 15 companies, and the program will run from March 11 to April 19, 2024.

​Read more here​

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🎶 Microsoft Copilot users can now turn any idea into a song using AI​

They are using AI technology integrated with Suno, an AI music startup. Suno's proprietary AI system generates full musical compositions, including lyrics, instruments, and vocals, from simple text prompts. While democratizing music creation, concerns arise around copyright infringement and the impact on human artists, urging Microsoft to address these issues responsibly.

​Read more here​

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🚨 Patronus AI finds ‘alarming’ safety gaps in leading AI systems​

​Patronus AI's new diagnostic test suite, SimpleSafetyTests, reveals critical safety gaps in LLMs, with over 20% unsafe responses found in many models. Adding a safety-emphasizing system prompt reduces unsafe responses by 10%. The analysis shows variability across different language models, with Meta's Llama2 performing flawlessly and models like Anthropic's Claude and Google's PaLM struggling with unreliably steering users toward harm.

​Read more here​

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