Meta launches new AI experiences

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In the latest AI news, Meta is revolutionizing its suite of applications across Facebook, Instagram, Messenger, and WhatsApp with over 20 new AI-driven tools aimed at enhancing user experience in various domains like search and social media. Alphabet's introduction of its AI model Gemini, notable for its advanced processing capabilities, has significantly increased its market value and re-established its position in the AI sector. On a regulatory front, Indonesia is setting a precedent by drafting ethical guidelines for AI development, focusing on risk management, privacy, and the promotion of human-centric AI. In a collaborative effort, IBM and Meta have initiated a multi-member AI alliance, including diverse stakeholders from different sectors, to champion responsible and open AI innovation. Additionally, Meta's new AI image generator, which utilizes images from Facebook and Instagram, represents a leap in generative AI, while maintaining privacy considerations. In the venture capital arena, Indian AI startup Sarvam AI's substantial funding reflects the growing interest and potential in AI technologies, especially in linguistics and voice interfaces.

Sliced:

• 🆕 Meta launches new AI experiences

• 📈 Alphabet soars as Wall Street cheers arrival of AI model Gemini

• 📃 Indonesia prepares ethics guidance for AI developers

• 🌐 Meta and IBM form AI Alliance with 50 Founding Members

🌐 Meta launches new AI experiences 

Meta is advancing its AI capabilities across its platforms, introducing over 20 new generative AI applications for Facebook, Instagram, Messenger, and WhatsApp, aimed at improving experiences in search, social discovery, ads, and business messaging. Key updates include enhancing the Meta AI virtual assistant, introducing AI-driven features for content creation and interaction in chats and social media, integrating Reels in Meta AI chats, and implementing new tools for creators. Additionally, Meta is focusing on AI safety with initiatives like invisible watermarking for AI-generated images and ongoing red teaming efforts to ensure responsible AI development and use.

📈 Alphabet soars as Wall Street cheers arrival of AI model Gemini

Alphabet's shares rose by 5.3% following the launch of Gemini, an AI model that is anticipated to revitalize the company's position in the AI sector. Previously seen as a leader in AI, Alphabet had lost prominence to Microsoft-backed OpenAI and its ChatGPT. Gemini, which is reportedly faster than OpenAI's latest model and capable of processing various forms of media, including video, audio, and text, has been launched in three versions, each with different processing power requirements. This innovation aims to address concerns about generative AI innovation and the high cost of running such models. The release of Gemini significantly increased Alphabet's market value, marking a stark contrast to a previous downturn when its Bard chatbot disseminated incorrect information, resulting in a substantial market selloff.

📃 Indonesia prepares ethics guidance for AI developers

Indonesia is preparing ethics guidance for AI developers to prevent potential misuse of AI technology, as revealed in a ministerial draft. The draft, produced by Indonesia's communications ministry, emphasizes that AI-based programming should be governed by ethics to mitigate potential impacts and losses. The guidelines include recommendations for developers to prepare risk management strategies and reporting and recovery mechanisms for AI-related disasters. The ethics guidelines also focus on privacy protection and ensuring that AI usage bolsters innovation without replacing human existence. The exact release date of the guidance is unknown, but it is anticipated soon. Additionally, this initiative may lead to a "business-friendly" regulation among Southeast Asian countries, addressing the risks of AI misuse, including misinformation, while respecting cultural differences.

🌐 Meta and IBM form AI Alliance with 50 Founding Members

IBM and Meta have formed a multi-member AI alliance, which includes a diverse range of participants from industry, startups, academia, research, and government sectors. This alliance aims to support open innovation and science in AI technology. Its key focus is on creating an open community to foster responsible AI innovation while maintaining scientific rigor, trust, safety, security, diversity, and economic competitiveness. The alliance, comprising 57 members such as A*STAR, Cornell University, and CERN, plans to pool resources and knowledge to address AI safety concerns and develop solutions globally. Key objectives include establishing benchmarks and evaluation standards, supporting the development of AI systems, and addressing societal challenges through multilingual, multi-modal, and science models. Additionally, the alliance intends to support AI skills building, engage with academia, and develop educational content to inform public discourse and policymakers about AI. Initiatives to promote the open and safe development of AI are also a part of their agenda.

🛠️ AI tools updates

Meta’s new AI image generator was trained on 1.1 billion Instagram and Facebook photos

Meta has launched a free standalone AI image generator website, "Imagine with Meta AI," utilizing its Emu image synthesis model. This model was trained using 1.1 billion publicly visible Facebook and Instagram images. The technology, capable of creating novel images from written prompts, was previously only accessible through Meta's messaging and social networking applications like Instagram. Meta's approach emphasizes the use of publicly available photos for training its AI model, indicating that setting photos to private on Instagram or Facebook should exclude them from being used in future AI model training, unless Meta changes this policy.

💵 Venture Capital updates

Five-month-old Indian AI startup snags $41m from Lightspeed, others

Sarvam AI, an Indian artificial intelligence startup, announced raising $41 million in a Series A funding round led by Lightspeed, just five months after its inception. The generative AI firm, co-founded by Vivek Raghavan and Pratyush Kumar, also received investments from Peak XV Partners and Khosla Ventures. This funding round is reportedly the largest for an Indian AI startup at this stage. Sarvam AI's plan is to develop a comprehensive suite for generative AI, focusing on training AI models to support a wide range of Indian languages and voice-first interfaces. Moreover, the company aims to collaborate with Indian enterprises to create domain-specific AI models based on their data

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