Singular Intel #10

Snapchat has rolled out an AI-powered chatbot using OpenAI's GPT technology.

Snapchat has launched its new AI chatbot, My AI, for its $3.99 a month subscription service Snapchat+. My AI is trained to have its own voice and personality with values about friendship, learning and fun. It can help answer questions, provide gift ideas and even write haikus. Unlike Microsoft's Bing, My AI isn't meant to act as a search engine but as a persona within the app. All conversations with it will be stored and monitored for safety purposes. This is part of the increasing trend of AI over the past few months, and Snapchat hopes that it will foster deeper connections with its users while also boosting subscription numbers.

Meta is experimenting with AI-driven messaging on WhatsApp and Messenger.

Meta is the latest company to explore the potential of generative AI, with Mark Zuckerberg announcing a new top-level product division to focus on developing creative tools. The company is testing text-based AI capabilities in WhatsApp and Messenger, as well as AI-aided filters and ad formats on Instagram. Former Apple executive Ahmad Al-Dahle will lead this initiative, with other companies such as Microsoft, Google and Snapchat also releasing similar products. Meta's goal is likely to make money through AI-powered services for businesses, rather than relying solely on its Premium subscription program.

Anthropic has started providing its AI models that generate text to certain startups.

Anthropic, an AI startup co-founded by ex-OpenAI employees, has begun offering partners access to its AI text-generating models. Robin AI, a legal tech startup, is the first partner to announce they are incorporating Anthropic models into their software. They have fine-tuned an Anthropic model to draft and negotiate contracts. The company launched closed beta for an AI system called Claude which uses a technique called ‘constitutional AI’. Google has invested $300 million in Anthropic for 10% stake and agreed to ‘co-develop’ with them. Other investors have also contributed hundreds of millions of dollars towards the company’s AI technology. It is unclear whether Anthropic’s focus has shifted from public benefit to profit-driven.

Typeface has unveiled itself with $65 million to utilize generative AI in the business world.

Typeface, an AI-powered dashboard for drafting marketing copy and images, has recently been funded with $65 million from Lightspeed Venture Partners, GV (Google Ventures), M12 (Microsoft’s Venture Fund) and Menlo Ventures. It helps businesses create personalized content and is used by agencies like Heinz, Nestlé, Martini & Rossi and Patrón. 87% of current AI adopters are using it for email marketing and the market is estimated to be worth over $110 billion by 2030. Typeface has customers in industries such as marketing, advertising, sales, HR and customer support. The company is excited to see strong early engagement from a range of mid-large enterprises.

Mass General Brigham-Based Revenue Cycle Company Receives $55M

CodaMetrix is an AI platform for hospital revenue cycle management that recently raised $55 million in a Series A funding round. The technology was developed at Mass General Brigham and is designed to simplify the process of translating patient records into codes for billing and clinical research. It uses machine learning software to automate the medical coding process by predicting which procedure and diagnostic codes will be appropriate for a given care interaction. CodaMetrix has customers in 111 hospitals across the country, including Mass General Brigham, Yale Medicine, Henry Ford Health and University of Colorado Medicine, and aims to sell its software to the top 200 health systems in the U.S. company.

According to a report, Elon Musk is potentially considering creating a competitor to the ChatGPT platform.

Elon Musk, co-founder of OpenAI, has recently contacted AI researchers to form his own research lab. This is separate from OpenAI, the company he previously co-founded and served as chairman of until 2018. The lab would focus on creating an alternative to ChatGPT, a chatbot made by OpenAI. Igor Babuschkin, an AI researcher who previously worked at Alphabet's DeepMind AI is reportedly involved in the effort but hasn't officially joined yet.

OpenAI has released an API for ChatGPT as well as dedicated services for enterprise customers.

OpenAI, a San Francisco-based startup, launched an API for its popular ChatGPT AI model and dedicated capacity plans for enterprise customers. The API allows businesses to incorporate ChatGPT technology into their apps, websites, products and services. It is powered by the same AI model as the original ChatGPT and is priced at $0.002 per 1,000 tokens. Early adopters of the API include Snap, Quizlet, Instacart and Shopify.

Binance has released Bicasso, an AI-powered NFT generator that allows users to produce and trade their own virtual artwork.

Binance NFT, a non-fungible token (NFT) marketplace of one of the world’s largest cryptocurrency exchanges, Binance, has launched a product called Bicasso. It is an AI-powered NFT generator that allows users to create unique images based on their own prompts or uploaded pictures. Once created, users can mint them as NFTs and list them for sale or auction on Binance's native chain BNB. Additionally, it features limited collections of 1000 AI-generated NFTs from global artists and brands such as Salvador Dali’s estate, Andy Warhol’s foundation and Marvel Comics.

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