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Universal Music Partners with AI Startup
Universal Music Group, the world’s largest music company, has inked a landmark deal with AI start-up Soundlabs. According to a new press release, the goal is to develop ultra-high fidelity vocal models. The company claims that this innovative collaboration will enable artists to utilize their own... Read more
ODSC’s AI Weekly Recap: Week of June 21st
Every week, the ODSC team researches the latest advancements in AI. We review a selection of the most impactful research, trending open-source projects, and significant startup investments. We carefully curate and share a selection of the most impactful developments, bringing you the insights that matter most... Read more
IMF Raises Alarm Over AI-Induced Labor Disruptions and Rising Inequality
The International Monetary Fund (IMF) has expressed “profound concerns” regarding the massive labor disruptions and escalating inequality that AI could bring. In a report released this week, the IMF urged governments to take proactive measures to safeguard their economies. The report highlighted the need for countries... Read more
Former OpenAI Co-founder Announces New Company Focused on Safe Development of ‘Superintelligence’
Ilya Sutskever, one of the founders of OpenAI, has announced the creation of a new company, Safe Superintelligence Inc., aimed at safely developing advanced artificial intelligence. This move follows his departure from OpenAI last month. Sutskever revealed his plans in a social media post on Wednesday,... Read more
Anthropic Unveils Claude 3.5 Sonnet
Anthropic, a rising star in the AI industry backed by tech giants Google and Amazon, announced the release of an updated artificial intelligence model, Claude 3.5 Sonnet, on Thursday. According to Reuters, this new model is designed to enhance user productivity. This release comes just after... Read more
Microsoft Announces Expansion of AI Network Into HLTH Europe
Monday, at HLTH Europe, the Trustworthy & Responsible AI Network (TRAIN), a consortium of healthcare leaders, announced its expansion to Europe to help organizations in the region operationalize responsible AI through technology-based guardrails. The European TRAIN includes organizations such as Erasmus MC (the Netherlands), HUS Helsinki... Read more
McDonald’s Pulls the Plug on AI-Powered Ordering, For Now
According to the BBC, McDonald’s is set to remove its AI-powered ordering technology from drive-through restaurants in the United States following a wave of online scrutiny over mistakes related to orders. The technology, developed in collaboration with IBM, was introduced in 2019 to streamline order processing... Read more
You.com Secures $50 Million to Expand AI Assistant Offerings
A new report from Reuters states that You.com, the company behind the AI-infused search engine, is raising $50 million in fresh capital. This new funding round, nearing completion, is expected to value the four-year-old company, SuSea Inc., at between $700 million and $900 million, according to... Read more
Adobe Unveils New AI Features Amid Stock Dip
According to investors.com, Adobe announced significant upgrades to its Adobe Acrobat document software through new AI features. But the news was met with a decline in Adobe stock. Starting Tuesday, Acrobat users will have access to advanced generative AI features that allow for creating and editing... Read more
Actor Ashton Kutcher Faces Backlash Over AI Comments
Ashton Kutcher addresses the backlash he’s faced after suggesting that AI could replace numerous roles in the entertainment industry. Speaking at the Berggruen Salon in Los Angeles with former Google CEO Eric Schmidt, Kutcher praised OpenAI’s generative video tool, Sora. “I have a beta version of... Read more