Generative AI: Disruptions and Developments
Bi-monthly Report - June and July 2023
KEY HIGHLIGHTS
Big Tech's Responsible AI Initiatives
OpenAI is setting up an alignment research division to ensure the safe development of superintelligent AI. In collaboration with Google and Microsoft, they've established The Frontier Model Forum which will create benchmarks for the development of advanced AI models by leveraging the expertise of member companies.
Industry-Specific GenAI Solutions from Tech Majors:
Adobe
Launched Substance 3D, facilitating the shift of retail and fashion brands to 3D content creation.
Wayfair
introduced Decorify, a virtual room styling tool leveraging genAI to improve interior design and shopping experiences.
Broadridge
Their platform, LTX, now features BondGPT, a genAI assistant built on OpenAI's GPT-4, aiming to revolutionize bond trading.
Toyota Research Institute
Implemented a genAI method to boost vehicle design capabilities.
LexisNexis
Released Lexis+ AI, a platform to support in-house legal teams using genAI.
Strong Funding Momentum in GenAI Startups
Inflection AI
Secured $1.3B from key investors like Microsoft and Nvidia.
Runway
Announced an additional $141 million in Series C funding from significant stakeholders, including Google and NVIDIA.
Typeface
Raised $100 million in a Series B round, with major contributors being Salesforce Ventures, Lightspeed Venture Partners, GV, and M12.
Recent Developments
Google, OpenAI, and Microsoft launch responsible AI oversight body
The tech firms announced in a joint statement the creation of The Frontier Model Forum. The new body will focus on creating a set of evaluations and benchmarks by drawing on member company expertise for the safe development of leading AI models.
July 27, 2023
Meta Teams With Qualcomm to Bring Llama 2 Llm to Mobile Devices
Meta will bring its new open-source Llama 2 generative AI model to mobile devices with the help of Qualcomm and its Snapdragon processors. The new open-source large language model will deploy on Qualcomm’s chips to enable on-edge processing
July 27, 2023
OpenAI Launches New Alignment Division to Tackle Risks of Superintelligent AI
OpenAI is opening a new alignment research division, focused on developing training techniques to stop superintelligent AI — artificial intelligence that could outthink humans and become misaligned with humans ethics — from causing serious harm.
July 7, 2023
AWS launches innovation center to promote generative AI
The cloud services provider plans to invest $100m in the program, which will bring together AWS AI and machine learning (ML) professionals to customers across the world. The team of strategists, data scientists, engineers, and solutions architects from the AWS Generative AI Innovation Centre will work closely with clients to develop customized solutions powered by generative AI.
June 23, 2023
Mercedes Set to Introduce AI Tool ChatGPT to New Range of Vehicles
German car manufacturer Mercedes-Benz has announced that it is to introduce artificial intelligence (AI) into its voice control functionality in a new range of vehicles.
June 19, 2023
Accenture announces $3bn investment to boost AI
IT consulting major Accenture is bolstering its artificial intelligence (AI) capabilities by investing $3bn in its data and AI practice over three years. Concurrently, the company announced the launch of a new generative AI-based platform, called AI Navigator for Enterprise.
June 14, 2023
Innovations
Dell Introduces Powerful GenAI Tools for Business Mastery
Dell is on the forefront with its GenAI Solutions, an advanced addition to its AI portfolio. Crafted to empower businesses, this new suite uses genAI to streamline operations, helping organizations swiftly tackle new challenges and capitalize on emerging prospects.
Transformative Impact
GenAI Solutions delivers state-of-the-art tools and functions to bolster and safeguard genAI endeavors. Tailored for the modern enterprise, it seamlessly incorporates cutting-edge AI technologies into everyday business tasks, leading to intuitive and productive operations. Leveraging genAI's prowess, the solution preemptively addresses business requirements, derives actionable insights, and refines operations in real-time. With its capability to process and extrapolate from vast datasets, it enables companies to visualize and prepare for diverse future possibilities.
Why it matters
Dell's GenAI Solutions stand poised to revolutionize business modalities. By potentially setting unprecedented benchmarks for operational effectiveness, aiding enterprises in technological upgrades, and forging new paradigms in business management, the future is promising. As AI cements its role in the business ecosystem, GenAI Solutions is strategically positioned to lead the charge. As Dell further refines and magnifies its AI offerings, businesses can anticipate superior operational agility, sharper decision-making, and a forward-thinking problem-solving approach. Enhanced real-time insights and dynamic operations can set the stage for accelerated business growth and elevated client contentment.
Capgemini Launches Cutting-Edge GenAI Suite to Amplify Business Dynamics
Capgemini steps into the future with its advanced genAI suite, tailored to propel businesses to new operational heights. This comprehensive array of services spans from strategic visioning to tangible genAI development and expansive deployment.
Transformative Impact
Capgemini's genAI collection introduces four groundbreaking services:
Generative AI Strategy: This equips business leaders, especially CXOs, to discern and rank the most fitting genAI applications for their enterprises. The strategy is aimed at manifesting real value, crafting the right infrastructure, and seamlessly amplifying genAI investments.
Generative AI for Customer Experience: Elevating customer engagement, this service unveils four unique genAI assistants. It promises individualized customer experiences, supercharged self-service through tailored chatbots, enriched customer care via content and knowledge assistants, and sales team optimization with insights on products and offers.
Generative AI for Software Engineering: This is crafted to heighten efficiency throughout the software development cycle. By streamlining the software launch timeline, reducing the accumulation of technical debts, and bolstering software security, it's poised to be a game-changer.
Custom Generative AI for Enterprise: A service tailored to address unique business needs.
Why it matters
The burgeoning world of genAI is ushering in fresh opportunities. Riding this wave, many enterprises are amplifying their genAI prowess to cater to a burgeoning clientele. Aligned with this transformative trend, Capgemini has pioneered a dedicated genAI practice. Their strategic vision includes capability enhancement, innovative solution ideation, and robust delivery. Additionally, the inauguration of the GenAI Lab emphasizes their commitment to trailblazing advancements, fostering academic and corporate partnerships, and ensuring their clientele remains at the cutting edge of progress.
NVIDIA Unveils Groundbreaking AI for 3D Scene Reconstruction: Neuralangelo
NVIDIA's latest brainchild, Neuralangelo, is an AI model designed to breathe life into 3D scenes and objects using mere 2D video snippets. This avant-garde tool unlocks the potential to infuse virtual realms, be it in video games or industrial digitized replicas, with detailed objects ranging from mini statues to towering edifices.
Transformative Impact
Neuralangelo's prowess lies in its ability to tap into numerical gradients, hash grids, and a coarse-to-fine optimization methodology, transforming multi-angle 2D footage into intricate 3D constructs. Initiating with assorted video perspectives, it crafts an initial 3D draft, which is meticulously refined. Its impeccable detail rendering, from the granular textures of marble to the intricate layout of roof tiles, turns smartphone footage into VR-compatible masterpieces.
Why it matters
Neuralangelo seeks to eradicate the hiccups in the neural surface reconstruction domain, particularly in replicating fine details. Bolstered by NVIDIA Instant NeRF's tech – instant neural graphics primitives – this model enhances the fidelity of 3D reconstructions, setting the stage for advanced technological applications.
IBM and Adobe Join Forces: Revolutionizing Content Creation with GenAI
IBM amplifies its alliance with Adobe, driving brands towards a future where genAI turbocharges content supply chains. The duo harnesses Adobe's creative genAI models, namely Sensei GenAI services and Adobe Firefly, to craft an unparalleled content creation experience.
Transformative Impact
IBM’s new suite of consulting offerings orbits around Adobe’s tech stack, aiming to steer enterprises through the genAI maze. This venture converges Adobe's rapid AI Content Supply Chain solution with IBM's consultancy finesse, erecting an integrated content ecosystem. This matrix accentuates collaborative endeavors, turbocharges creative outputs, and illuminates design trajectories. IBM's seasoned consultants will offer hands-on support for Adobe's clientele, ensuring seamless assimilation of genAI models into the creative workflow.
Why it matters
This partnership envisions a future where brands deliver unmatched personalized experiences. By synergizing Adobe’s AI-driven Content Supply Chain with IBM’s human-centric design acumen, the alliance aims to reinvigorate creative avenues and drive informed business strategies. IBM’s GenAI Center of Excellence, in tandem with its global AI framework, adopts innovative strategies, like the IBM Garage for genAI, preparing clients to conquer the rapidly evolving genAI landscape.
AXA Introduces AXA Secure GPT: A GenAI-Powered Solution for Amplified Productivity
Situated at the epicenter of modern insurance operations, AXA's cutting-edge platform, AXA Secure GPT, offers an infusion of AI prowess to streamline employee operations. This genAI amalgamation seeks to bolster decision-making, enhance task efficiency, and elevate overall employee productivity.
Transformative Impact
At its core, AXA Secure GPT relies on genAI mechanisms to decipher vast reservoirs of data, ensuring pertinent and contextual feedback. Embracing natural language understanding, the platform tailors its insights, assuring precise and on-the-mark recommendations for every query. It's more than just data analytics – it's an evolution in real-time assistance, transforming data interactions and automating mundane tasks.
Why it matters
With AXA Secure GPT in the driver's seat, the paradigm of information utilization is shifting. Employees can anticipate a future where rapid insights, accurate feedback, and synergized team collaborations are the norm, carving a path towards magnified productivity and the potential to prioritize value-driven tasks.
Savvy Wealth Debuts a Revolutionary Advisor Ecosystem, Powered by GenAI
Stepping into the financial advisory realm, Savvy Wealth’s genAI-infused platform seeks to reinvent the operational canvas for financial consultants, especially those servicing elite clientele. With genAI at its heart, it alleviates compliance-centric chores, revolutionizing data management and communication processes.
Transformative Impact
Savvy Wealth’s platform is engineered to automate and enhance. From onboarding new clients to sculpting personalized financial plans, its capabilities are vast. A unique AI-augmented CRM coalesces all client data, slashing manual entries and amplifying client interactions. With GPT-4 as its neural backbone, it synthesizes data, crafting individualized marketing blueprints and precise financial advice. The platform's intuitive design ensures seamless interaction, whether it's document management, sharing, or facilitating communication.
Why it matters
As Savvy Wealth steers the financial advisory domain towards modernization, its genAI platform sets the gold standard for business management. Battling against the shackles of outdated technology and labor-intensive operations, Savvy Wealth presents a beacon of efficiency and potential growth. With a recent $11 million shot in the arm via a Series A-1 investment, Savvy Wealth's trajectory is unmistakably upward as it aims to refine and perfect its offerings for financial advisors worldwide.
Broadridge Introduces BondGPT: A Game Changer in Bond Trading
Broadridge's LTX platform is taking bond trading to new heights with BondGPT. This cutting-edge genAI tool, powered by OpenAI's GPT-4, is set to redefine how financial experts navigate the bond trading landscape. BondGPT is not just an assistant; it's a knowledge powerhouse, offering insights, analyzing trends, and guiding professionals to make more enlightened trading decisions.
Transformative Impact
BondGPT is the embodiment of state-of-the-art language processing, effortlessly deciphering intricate financial data, market shifts, and trading patterns. This means users can pose queries in everyday language and expect contextually pertinent, intelligent answers. By eliminating the complexities of the bond market and translating it into easily digestible insights through human-like interactions, BondGPT promises to make bond trading more straightforward and more efficient.
Why it matters
Broadridge's BondGPT offers a tantalizing glimpse into the future of bond trading. By enabling experts to demystify complex data seamlessly, BondGPT provides a competitive edge, driving efficiency and insightful decision-making in the high-stakes world of bond trading.
Salesforce Pioneers Financial Hyper-Personalization with GenAI-Driven Platform
Salesforce's new offering, "Personalized Financial Engagement," is a beacon for financial institutions, guiding them to leverage the power of genAI and real-time data. This platform harmonizes with Salesforce's existing services like Financial Services Cloud, Marketing GPT, and Data Cloud to deliver an AI-powered, personalized customer experience rooted in authentic first-party data.
Transformative Impact
Addressing the perennial challenge of fragmented company data, Salesforce's platform ensures a unified, comprehensive customer profile by collating interaction, behavioral, and transactional data. By tapping into genAI, the platform empowers professionals to track customer objectives accurately. With Marketing GPT for Financial Services, personalized emails and audience segments are created automatically, while pre-designed email templates speed up tailored customer journey creations. MuleSoft Direct further simplifies the integration process by offering templates grounded in banking standards.
Why it matters
The trajectory of financial services is clearly veering towards hyper-personalization. Salesforce's Personalized Financial Engagement platform stands at the vanguard of this shift, promising real-time, genAI-fueled insights and bespoke customer journeys. As the boundaries of customer engagement are redefined, Salesforce is ensuring financial institutions remain ahead of the curve, offering more tailored and intelligent interactions on a grand scale.
Adobe Steps into the Future with Substance 3D: A Revolution in Retail and Fashion
Adobe's recent introduction of Substance 3D is a game-changer for the retail and fashion industry. The suite promises a paradigm shift in the product design process, offering an array of tools to enable 3D content creation that's both realistic and efficient.
Transformative Impact
With Substance 3D, the need for physical sampling and costly shipping is becoming a thing of the past. The suite's diverse range of applications, including the Substance 3D Sampler, Designer, Painter, Modeler, and a robust Assets Library, offers unparalleled utility to designers. Brands can now create lifelike 3D scenes, effortlessly convert real-world images into accurate models and materials, and achieve surface details that mirror reality. Major brands such as Louis Vuitton and Amazon are already capitalizing on Substance 3D, suggesting a seismic shift in the digital representation of products.
Why it matters
The Road Ahead: Substance 3D positions itself as the answer to the inefficiencies of traditional product design. The potential to create lifelike digital renderings and iterate designs rapidly can empower brands to offer more personalized experiences and engage customers like never before.
Wayfair's Decorify: Redefining Home Shopping with GenAI
Online home shopping is about to undergo a significant transformation with Wayfair's Decorify. This genAI-powered virtual room styler offers a unique, immersive shopping experience, blending design with technology.
Transformative Impact
Powered by genAI, Decorify grasps users' tastes, spatial constraints, and product preferences to present tailor-made room designs. The interactive 3D tool redefines online home shopping, giving users the freedom to virtually experiment with diverse products and styles. Far from the generic in-store or basic online shopping experience, Decorify allows customers to visualize and personalize their spaces in real-time.
Why it matters
The introduction of Decorify signifies a critical shift in e-commerce, merging AI and Augmented Reality to enhance the shopping journey. With more consumers looking for immersive online experiences, Decorify could serve as a blueprint for future retail innovations, ensuring more tailored and interactive customer engagements.
OYO Innovates Hospitality with ChatGPT-Powered Self Check-In
OYO's latest offering, the ChatGPT-powered self check-in, is a testament to the company's commitment to innovation and enhancing the customer experience. Focused on the UK market, this feature showcases the potential of genAI in redefining traditional hotel operations.
Transformative Impact
With the help of ChatGPT, OYO seeks to eliminate the waiting time and the manual intricacies of front desk check-ins. This 24/7 available AI-driven system responds to natural language queries, ensuring guests a smooth check-in. By analyzing past guest data, the system can also offer personalized suggestions, ensuring a tailored guest experience. The transition from manual processes to AI-powered systems could redefine guest's expectations and the benchmark for hospitality standards.
Why it matters
As guests increasingly prioritize efficiency and personalization, OYO's ChatGPT-powered self check-in offers both. If successful in the UK, OYO might soon roll out this feature globally, setting new benchmarks for hotel operations and guest experiences worldwide.
Ixigo Elevates Travel Planning with GPT-Powered Chatbot
Ixigo, a prominent name in the travel-tech sector, has further consolidated its standing with the introduction of its GPT-powered travel chatbot. Aiming to simplify and personalize travel planning, this chatbot underscores the potential of genAI in the travel industry.
Transformative Impact
Engaging in fluid natural language conversations, ixigo's chatbot offers travelers a unique blend of personalization and efficiency. Whether it's suggesting accommodations or providing real-time travel updates, the chatbot leverages a combination of user data, historical insights, and AI capabilities. It's more than just a digital assistant; it's a travel companion, ready to help at every step of the journey.
Why it matters
As travelers seek more streamlined and personalized experiences, ixigo's GPT-powered chatbot stands as a beacon for the future of travel planning. The successful deployment and adoption of such chatbots can inspire other players in the industry, like MakeMyTrip, to integrate similar technologies, paving the way for a new era in travel planning and assistance.
Wayve Utilizes GenAI to Synthesize Realistic Driving Videos
Wayve’s GAIA-1, developed on genAI, is an avant-garde model aiming to stimulate genuine driving scenarios through the integration of video, text, and action inputs. Capitalizing on multi-modal inputs, it visualizes driving behaviors that reflect real-world complexities.
Transformative Impact
By digesting vast amounts of UK urban driving data, GAIA-1 is pushing boundaries in predicting realistic driving scenes, particularly in applications crucial to autonomous driving like future prediction and driving simulation. Its ability to create scenarios beyond its training purview is particularly groundbreaking, contributing to enhanced safety simulations and evaluations.
Why it matters
With substantial funding secured and strategic partnerships in place, Wayve’s endeavors with GAIA-1 could reframe the autonomous vehicle industry. The application of this model has the potential to revolutionize research, simulation, and training processes in the development of autonomous vehicles.
Toyota Research Institute Enhances Car Design with GenAI
A cutting-edge genAI technique introduced by TRI facilitates an intricate balance between design aesthetics and engineering precision, an age-old challenge in vehicle production.
Transformative Impact
This genAI approach redefines the iterative design process. By interweaving precise engineering considerations with design, TRI’s technique ensures alignment between aesthetics and functionality, ushering in a more harmonized vehicle design workflow.
Why it matters
The future looks promising as TRI paves the way for a more efficient vehicle design phase. By reducing design iterations and optimizing design considerations like aerodynamic drag, there is potential for improved electric vehicle development.
AWS Pioneers Clinical Documentation with GenAI-Powered HealthScribe
AWS’s HealthScribe service is poised to revolutionize clinical documentation. By automating and enhancing the clinical documentation process, it promises to save precious time for healthcare professionals and ensure more accurate patient records.
Transformative Impact
Utilizing Amazon Bedrock and sophisticated AI techniques, HealthScribe transcribes and summarizes patient-clinician interactions, providing a valuable tool to streamline and improve the documentation process across specialties.
Why it matters
With key partnerships already in place and its evident utility in the burgeoning tele-health sector, HealthScribe’s implementation and subsequent refinements hold the potential to set a new standard in clinical documentation.
LG Pioneers in Image Recognition and Description with ‘Captioning AI’
‘Captioning AI’ is LG's foray into harnessing the power of genAI for enhancing accessibility. By recognizing and describing visual elements, it offers a game-changing tool for individuals with hearing impairments.
Transformative Impact
Leveraging deep learning, this AI-based system offers real-time captioning for diverse multimedia content, ensuring a more inclusive and enriched experience for hearing-impaired users.
Why it matters
LG's innovation could reshape the multimedia landscape, offering unparalleled accessibility. Potential collaborations with streaming platforms and content providers may further solidify the system's integral role in creating an inclusive multimedia ecosystem.
LexisNexis Integrates GenAI to Reinvent Legal Research and Productivity
With the introduction of Lexis+ AI, LexisNexis is ushering in a new era of legal research and efficiency. This genAI platform can autonomously draft legal documents, provide concise case law summaries, and offer answers to complex legal questions, augmenting legal professionals' capabilities.
Transformative Impact
Lexis+ AI is designed to adapt its responses to user demands, allowing for a tailored approach to legal document drafting. The inclusion of a conversational search functionality streamlines the research process, ensuring that lawyers receive accurate and comprehensive insights when posed with specific legal queries.
Why it matters
As the legal sector undergoes significant digital transformation, AI-driven tools like Lexis+ AI could redefine how professionals approach their tasks. Alongside its recent collaboration with Microsoft, LexisNexis is steadily positioning itself as a frontrunner in blending technology with legal processes, promising a seamless and efficient future for legal operations.
AMD's GenAI Chip: A Leap Forward in High-Performance Computing
Collaborating with Hugging Face and PyTorch, AMD has rolled out the AMD Instinct MI300 Series (MI300X) accelerator, fortified with genAI. Tailored for next-gen data center operations, these accelerators promise unmatched efficiency in both AI tasks and high-performance computing.
Transformative Impact
The MI300X accelerator leverages AMD's latest CDNA 3 architecture, boasting a staggering 192GB HBM3 memory. This design permits the execution of extensive language models on a single GPU, a feat previously unattainable. By promising 2.4X HBM density and 1.6X HBM bandwidth over Nvidia H100, AMD asserts its dominance in running expansive models more efficiently.
Why it matters
AI chips, given their specific computational strengths, are becoming indispensable in various applications, from data center operations to edge devices. AMD's introduction of the MI300X accelerators and the subsequent Instinct Platform suggests a monumental shift in the high-performance computing and AI domain. As AMD further diversifies its offerings, like the new AMD Instinct MI300A, the landscape of AI and ML technologies is poised for significant advancements.
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