Welcome to the third edition of AI Cohort. This week, we uncover how OpenAI is reshaping its offerings with a record-breaking $6.6 billion funding round, while Microsoft envisions a future with "ever-present" AI assistants that could change how we interact with technology. Don't miss out on insights about the latest tools and releases with all major players announcing significant developments and new products. Here are the key AI updates from the past week:

OpenAI Raises Record-Breaking Funding

OpenAI, the company behind ChatGPT, has closed the largest venture capital round in history. The startup announced it raised $6.6 billion in a funding round that values OpenAI at $157 billion post-money. This massive influx of capital, led by previous investor Thrive Capital, brings OpenAI's total funding to $17.9 billion.

ChatGPT Gets a New Interface: Canvas

OpenAI introduced a new way to interact with ChatGPT called "Canvas." This workspace allows users to generate writing or code, then highlight sections of the work for the model to edit. Canvas is currently rolling out in beta to ChatGPT Plus and Teams users, with a rollout to Enterprise and Edu tier users planned for next week.

Key Features

• Side-by-Side Collaboration: Canvas opens in a separate window, allowing users to work alongside ChatGPT without switching tabs

• Direct Editing: Users can modify code directly within the Canvas interface, enabling real-time adjustments based on ChatGPT's feedback

• Coding Shortcuts: Canvas offers a range of shortcuts for common coding tasks, streamlining the development process

Coding-Specific Tools

1. Code Review: ChatGPT provides inline suggestions to improve code quality

2. Log Insertion: Automatically adds print statements to assist with debugging and code comprehension

3. Commenting: Inserts explanatory comments to enhance code readability

4. Bug Fixing: Identifies and corrects errors by rewriting problematic code sections

5. Language Translation: Converts code between JavaScript, TypeScript, Python, Java, C++, and PHP

Meta Launches Movie Gen: A Game-Changer in AI Video Creation!

Meta has officially launched Movie Gen, a groundbreaking AI model that can generate stunningly realistic video and audio clips from simple text prompts. This innovative tool can produce high-definition videos up to 16 seconds long and audio clips up to 45 seconds, complete with synchronized sound effects and music. Designed to rival industry leaders like OpenAI's Sora, Movie Gen not only creates original content but also edits existing footage, offering vast creative possibilities for filmmakers and content creators alike. As excitement builds in Hollywood over this new technology, questions about ethical implications and copyright concerns remain at the forefront of discussions. Stay tuned as Meta collaborates with the entertainment industry to redefine video production!

Google Lens Introduces Revolutionary Video Search Feature

Google has unveiled a groundbreaking update to its Lens application, introducing video search capabilities that promise to transform how users interact with visual information. This innovative feature, now available to Search Labs participants, allows users to search the internet using short video clips instead of just static images. The feature utilises Google's Gemini AI model to interpret video frames and generate responses based on online information

How It Works

To use the new video search function:

1. Open Google Lens in the Google app

2. Point your camera at the subject of interest

3. Hold down the shutter button to record up to 20 seconds of video

4. Ask a question about what you're recording, either by speaking or typing

Google's AI, powered by a customized version of the Gemini model, then analyzes the video content and your question to provide relevant search results and an AI-generated overview

OpenAI Unveils Game-Changing tools at DevDay

OpenAI unveiled a suite of powerful new tools designed to revolutionize how developers create AI applications. With the spotlight on innovation, these updates promise to enhance efficiency and creativity, pushing the boundaries of what's possible in AI technology.

1. Realtime API: A New Era of AI Development

2. Vision Fine-Tuning: Visual Intelligence Redefined

3. Prompt Caching: Efficiency Meets Cost-Effectiveness

4. Model Distillation suite: Harnessing Power with Model Distillation

Samsung Developer Conference 2024: AI Takes Center Stage

Samsung's annual Developer Conference (SDC24) marked a significant milestone in 2024, celebrating a decade of innovation and collaboration. Held at the San Jose McEnery Convention Center in California, the event showcased Samsung's commitment to advancing AI technology and its integration across its ecosystem.

Key Highlights:

1. AI for All Vision: Samsung emphasized its dedication to creating personalized, secure AI experiences accessible to all users

2. One UI Integration: Samsung announced plans to unify the software experience across its major product lines under the One UI banner, promising software upgrades for up to seven years

3. On-Device AI Advancements: The company showcased improvements in on-device AI processing, enhancing privacy and reducing reliance on cloud connectivity

4. SmartThings Enhancements: New features were introduced to the SmartThings platform, further integrating AI into home automation

5. Bixby Updates: Samsung's AI assistant received significant upgrades, incorporating generative AI for improved voice recognition and context awareness

6. Developer Tools: New SDKs and APIs were introduced, including a Daily Board SDK for partners to feature content on Samsung devices

7. Tizen OS Expansion: Samsung broadened the capabilities of its Tizen operating system, opening up new possibilities for AI-powered applications

8. Security Innovations: Enhancements to Samsung Knox were unveiled, along with the expansion of Samsung Account passkeys for improved authentication

SDC24 reaffirmed Samsung's position at the forefront of AI innovation, promising a future where devices seamlessly adapt to users' needs while maintaining robust security measures. The event highlighted Samsung's ongoing commitment to fostering a vibrant developer community and pushing the boundaries of what's possible with AI technology.

Microsoft's Vision of "Ever-Present" AI Assistants

Microsoft's head of AI, Mustafa Suleyman, made waves by predicting that AI assistants with "really good long-term memory" are about a year away. He envisions these assistants as being "ever-present," marking a shift towards a "fundamentally new age" of persistent AI tools that could revolutionize how we interact with technology.

Thanks for reading the third edition of AI Cohort! Hope you enjoyed the insights. In the next edition, we will uncover all the updates from NVIDIA’s AI Summit in Washington DC. Stay tuned for more and keep your subscription active with AI Cohort.