⚡️ Battle of the Bots

Good morning. Chinese tech giants Baidu and SenseTime have secured approval for generative artificial intelligence services. We delve deeper today.

Today’s Highlights:

• Cohere eyeing a valuation beyond $2.2 billion

• Bumble improving the quality of matches using AI

• Qualcomm banks on AI for automotive chips

DEEP DIVE

Baidu, SenseTime Among First Firms to Win China AI Approval

Just a month after announcing temporary measures to supervise generative AI, China finally gets its homegrown generative AI services approved for public use.

Eight AI applications have been registered with China's cyberspace authorities, including Baidu's Ernie Bot, ByteDance's Doubao, Baichuan by Sogou's creator, and chatbots derived from research lab work at institutions such as Tsinghua University and Chinese Academy of Sciences.

This comes as a breakthrough moment after decades of relatively laissez-faire tech policies.

The tech giants were previously limited to showcasing their ChatGPT counterparts to industry insiders. However, this new milestone approval signifies the initiation of rapid generative AI adoption—potentially influencing mass adoption across China.

In fact, within a day of the filing announcement, Baidu’s Ernie Bot soared to the top of the free iOS apps in China, providing a noticeable boost to the company's share price in Hong Kong.

Is this the beginning of a new generation of AI in China? How will it impact the tech landscape in the country and beyond? Only time will tell.

Keep reading here.

PUNCHLINES

Chasing Billions: OpenAI rival Cohere, backed by Oracle and Nvidia, is eyeing a valuation of over $2.2 billion in the next funding round.

Swipe Right for AI: AI to bridge the loneliness gap and improve the quality of matches, says Bumble's CEO.

Text to Metaverse: Using Google's generative AI, game developers on Hiber3D can type prompts to create expansive online worlds.

Apple's AI allure: AI technology could boost Apple's shares by 30-40%.

The Sweet Smell of Progress: A new artificial intelligence system predicts the deciphers of chemical compounds by analyzing their structures.

TLDR

US extends Nvidia AI chip export ban to Middle East: The US government has expanded Nvidia AI chip trade restrictions beyond China to unspecified countries in the Middle East. The controls primarily target the A100 and H100 chips, vital for accelerating machine learning tasks, and follow similar restrictions issued to rival AMD.

Qualcomm banking on AI for automotive chips: Qualcomm is looking to expand its share of the automotive chip market by leveraging artificial intelligence. The firm has been demonstrating AI capabilities, such as in-car smart assistants, and expects its chips to generate more than $9B in sales by 2031.

Meta's new FACET benchmark to test fairness in AI models: Meta launches FACET, an AI benchmarking tool for measuring fairness in AI models. Consisting of 32,000 images with 50,000 labeled individuals, FACET allows for comprehensive assessments of biases related to demographic and physical attributes and various activities and occupations.

IBM and Salesforce partner to deliver AI Solutions: IBM and Salesforce collaborate to provide AI solutions to clients using Salesforce's CRM software, AI apps, and IBM's industry expertise and innovative delivery models.

TRENDING TOOLS

🎯 Kula: Streamline hiring with AI support

🔊 Auro: Summarize voice memos effortlessly

🤯 Lingtual: Connect your AI tools and chatbots seamlessly

💬 Team GPT: Infuse AI into team collaboration with ChatGPT

🎬 Klipme: Simplify video editing with AI

That’s all for today—if you have any questions or something interesting to share, please feel free to reply to this email. We’d love to hear from you!

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