AI-generated investment pitches are 3x more likely to secure funding than human ones

Hey there,

Welcome to the latest edition of AI KATANA, where we curate and present the most impactful and intriguing advancements in AI from around the world. In this edition, we delve into diverse territories — from the impressive success of GPT-4-generated investment pitches, to FIFA's proactive use of AI to identify and combat online abuse, the potential threat of AI-generated misinformation, and the innovative application of ChatGPT in Mercedes-Benz's voice control system. In addition, we explore exciting updates on AI tools and venture capital investments.

Slicing:

• 📈 GPT-4-generated investment pitches are 3x more likely to secure funding than human ones

• ⚽ FIFA identifies 300 World Cup online abusers with AI

• 📰 The Dark Side of AI-Generated Misinformation Exposed

• 🚗 Mercedes-Benz takes in-car voice control to a new level with ChatGPT

📈 AI-generated investment pitches are 3x more likely to secure funding than human ones

According to a survey conducted by Clarify Capital, a small business lender, pitches generated by GPT-4 were found to be three times more likely to secure funding than those created by humans. The study involved 250 investors and 250 business owners who were asked to rate a set of pitch decks, both human-created and GPT-4-generated, without knowing that AI was part of the process. Interestingly, the human-generated pitches that were used for comparison had successfully secured funding in the past. The AI-generated pitches were found to be twice as convincing, and one in five professionals reported that they would invest an additional $10,000 in these AI-generated pitches.

⚽ FIFA identifies 300 World Cup online abusers with AI

FIFA, in collaboration with the players' global union FIFPRO, deployed an AI project to track online abuse directed at players during the 2022 World Cup. The system identified over 300 individuals responsible for "abusive, discriminatory, or threatening posts [or] comments" on various social media platforms, and their details are being forwarded to law enforcement. The severity of the abuse escalated as the tournament progressed, with players' families being targeted and threats made against players returning to certain countries. The system scanned about 20 million posts and comments, flagging more than 19,000 as abusive, with over 13,000 reported to Twitter for action. Most of the identifiable abuse originated from Europe (38%) and South America (36%). Teams and players were offered moderation software that intercepted over 286,000 abusive comments before they could be seen. FIFA and FIFPRO have extended the system for use at the upcoming Women's World Cup in Australia and New Zealand.

📰 The Dark Side of AI-Generated Misinformation Exposed

Generative AI, such as GPT-4, is an emerging threat to truthfulness, as it has the potential to create persuasive and engaging content that is virtually indistinguishable from human-generated material. The real danger of AI-generated misinformation lies in its ability to blend deception seamlessly with the truth, making it difficult to distinguish fact from fiction. However, AI-generated content can be unmasked by scrutinizing it for inconsistencies, a lack of human touch, and other subtle imperfections. Fortunately, advancements have been made in AI content detection tools that can identify and neutralize misinformation. In the face of this digital menace, it is crucial for us to remain vigilant, educate ourselves and others about the risks, and utilize available tools to combat misinformation, thereby protecting the integrity of our information landscape.

🚗 Mercedes-Benz takes in-car voice control to a new level with ChatGPT

Mercedes-Benz is enhancing its MBUX vehicles' voice control system for US customers by integrating ChatGPT via Microsoft Azure OpenAI Service. From June 16, 2023, a beta programme will offer a more intuitive voice control to over 900,000 vehicles using the MBUX infotainment system. The upgrade will be rolled out over the air, and customers can join via the Mercedes me app or by using the voice command “Hey Mercedes, I want to join the beta programme”. Mercedes-Benz assures full control over IT processes and data privacy, with voice command data being anonymised and stored in the Mercedes-Benz Intelligent Cloud. The beta programme will help refine the voice assistant's development, with insights gleaned from the programme to be used in future voice control improvements and the further rollout of large language models in other markets and languages.

⚒️ AI tools update

You can run Stable Diffusion locally on your MacBook, iPad and iPhone

Diffusers is a native Mac app to generate images from a text description of what you want. It uses state-of-the-art models contributed by the community to the Hugging Face Hub, optimized and converted to Core ML for maximum performance. It is the Mac counterpart to the Diffusers open source library.

Hugging Face allows you to create your own QR code AI art

Stable Diffusion, a text-to-image generator, has introduced an artistic makeover for QR codes. A range of QR codes, rendered in various artistic styles from traditional Chinese ink brush painting to modern anime, was posted on the Reddit forum r/StableDiffusion by user "nhciao". These codes were created using the ControlNet model, which allows the addition of extra conditions to prompts on Stable Diffusion. QR codes originated in 1990s Japan to label automobile parts and have since become widespread in various industries.

💵 Venture Capital updates

Wherobots raises $5.5 Million in seed round to build the data platform for spatial analytics & AI

Wherobots Inc., a company founded by Mo Sarwat and Jia Yu, creators of the open-source software Apache Sedona, has raised $5.5 million in a seed round led by Clear Ventures and Wing VC. The funding will be used to hire top-tier talent, advance research and development in spatial data and AI, and further adoption of their Apache Sedona-powered spatial data platform. Alongside this funding announcement, the company is releasing its Spatial Compute & AI Engine, "Wherobots Compute" 1.0 for beta review. This engine allows developers and AI engineers to build scalable spatial data analytics applications in various sectors like automotive, logistics, real estate, and more.

Analytical AI Awarded SBIR for Foreign Object Debris Detection

Analytical AI has been awarded a Direct-to-Phase II Small Business Innovation Research (SBIR) grant of $1.25 million by AFWERX to develop an AI-enabled system for detecting foreign object debris on airfields, aiming to address capability gaps in the Department of the Air Force and bolster U.S. national defense.

🫡 Meme of the day

⭐ Generative AI image of the day

Before you go, take at look at how Microsoft stock hits record as leaders see $10 billion in AI revenue 💰