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Open AI Ex-Board Member Breaks Silence on Sam Altman's Firing

Open AI Ex-Board Member Breaks Silence on Sam Altman's Firing

GPT-4 Outshines Analysts in Predicting Company Earnings

Arindam Majumder
June 03, 2024

Welcome AI Brewers,

The past week in the AI community has been quite turbulent. Elon Musk and Yann LeCun have been publicly clashing over the realistic expectations of AGI coming to life, while new revelations about Sam Altman's firing last year have emerged on a TED AI podcast. The disruption spans the entire AI universe, making it nearly impossible to have a conversation without mentioning AI at least once.

In today’s edition:

Shocking Revelation: Open AI Ex-Board Member Breaks Silence on Sam Altman's Firing
Future AI Will Handle Entire Coding Projects: From Writing to Testing to Iterating - Co-founder of OpenAI, John Schulman
How Enterprise AI is Reshaping Industries - Bloomberg
Research Paper that is creating buzz in the Finance Community

Highlight of the Week

Open AI Ex-Board Member Breaks Silence on Sam Altman’s Firing

“When ChatGPT came out in November 2022, the board was not informed in advance about that. We learned about ChatGPT on Twitter” - Helen Toner, Ex-Board Member, Open AI

❗EXCLUSIVE: "We learned about ChatGPT on Twitter."
What REALLY happened at OpenAI? Former board member Helen Toner breaks her silence with shocking new details about Sam Altman's firing. Hear the exclusive, untold story on The TED AI Show.
Here's just a sneak peek: x.com/i/web/status/1…
— Bilawal Sidhu (@bilawalsidhu)
7:15 PM • May 28, 2024

The Complete Story Here

Deal Flow

GaiaNet Secures $10M in Series Seed Funding for Decentralised AI Infrastructure, Backed by Top Advisors and Leading Ventures Link
Exactly.ai Raises $4.3M in Seed Funding to Empower Artists with AI Model Creation, Led by Speedinvest Link
EthonAI Secures $16.5M Series A Funding from Index Ventures to Boost Manufacturing Productivity with AI-Powered Analytics Link
Valar Labs Raises $22M Series A to Advance AI-Driven Cancer Therapy Prediction, Led by DCVC and a16z Bio + Health Link

Events and Updates

Former OpenAI Safety Lead Jan Leike Joins Rival Startup Anthropic After Superalignment Group Dissolution Link
OpenAI Establishes Safety and Security Committee to Enhance Protocols, Public Update Expected in 90 Days Link
OpenAI Unveils GPT-4o and Advanced Features for All Free ChatGPT Users Across All Platforms Link
Google Addresses Criticism and Announces Fixes for AI Overviews Tool Following Inaccurate Responses Link
Perplexity Launches 'Pages' Feature to Create Customisable Webpages for Educators and Researchers Link
Mistral AI Introduces 'Codestral': Versatile Generative AI Coding Assistant Supporting 80+ Programming Languages Link

Founder’s Corner

Future AI will handle entire coding projects: from writing to testing to iterating

Artificial Intelligence (AI) has both fascinated and concerned society. John Schulman, co-founder of OpenAI, shares insights into AI's promising yet challenging future.

Schulman predicts models will manage complex, multi-step tasks autonomously, handling entire projects from start to finish, driven by advanced training methods like reinforcement learning.Future AI will better recover from errors and maintain coherence over extended periods, generalizing better from limited data due to improved training techniques.

AI will undertake long-term tasks, managing projects spanning weeks or months. This will be crucial for fields like project management and scientific research. Future AI will excel in adaptive learning, adjusting to ongoing interactions and evolving contexts. This is key for applications like personal assistants and customer service bots, offering more personalized support.

AI integration poses challenges, including user interface improvements and ethical considerations. Ensuring AI systems are safe, reliable, and aligned with human values will require rigorous testing, monitoring, and potentially new regulatory frameworks.

Schulman's vision for AI promises enhanced capabilities and deeper integration into daily life, but addressing technical and ethical challenges is crucial. Learn more about the future of AI and its potential to transform our world here

VC Insights

How Enterprise AI is Reshaping Industries

C3 AI developed 90 turnkey applications for various business functions, including supply chain management and demand forecasting.
C3 AI developed predictive maintenance systems for the U.S. Air Force, improving aircraft availability by 25%.
Shell integrated AI with Azure, realising $2 billion annually in economic benefits.
Government services see significant adoption of enterprise AI, particularly in defense and intelligence sectors
Petrochemical and Energy Sectors increased demand and investment in AI-driven solutions for operational optimisation
Consumer goods sector sees growing use of AI to enhance business processes and improve efficiency
VC’s are focusing on investing in mid-to-late-stage AI-native companies transitioning from experimental to execution phases