#034 Oracle HR adopts GenAI, A Week In GenAI, Microsoft's Muscle in AI, Inflection AI On Fire.
Fresh & Hot curated AI happenings in one snack. Never miss a byte 🍔
This snack byte will take approx 4 minutes to consume.
AI BYTE # 1 📢 : Oracle Is Planning To Enhance Its Human Resources Software With Generative AI Features
⭐ Generative AI systems can create human-like text for various tasks, such as drafting job descriptions and performance goals.
This can save time and effort for HR professionals and managers, who can use the AI-generated text as a starting point and customize it as needed.
Oracle’s human resources software is widely used by large enterprises for hiring, evaluating, and developing talent. By adding a button feature that enables automatic text generation in several fields, Oracle aims to provide a convenient and reliable AI assistant for its users.
However, they are also aware of the potential risks and challenges of generative AI technology, such as generating false or inappropriate information.
That’s why they have designed the AI system to require human approval before using the generated text. They have also opted for a button feature instead of a chatbot, to ensure more consistent and safe results.
Oracle expects to launch these AI-driven features by the end of this year and plans to explore more applications of AI in complex HR tasks in the future.
They hope to significantly reduce the time taken for decision-making and implementation by streamlining processes with AI.
AI BYTE # 2 📢 : What Does A Week Look Like In The World Of Generative AI
⭐ In recent weeks, some of the most innovative and impactful startups in this space have made headlines with their impressive deals and valuations.
Mosaic, the generative AI platform company, agreed to sell to Databricks for a whopping $1.3 billion, including retention packages. That's 65X their $20 million ARR!
Casetext, the legal tech company that used ChatGPT to build a co-pilot for lawyers, sold for $650 million to Thomson Reuters. A huge win for the legal profession and AI.
Inflection, the empathetic large language model startup, raised $1.3 billion at a $4 billion valuation from a star-studded list of investors, including Microsoft, Nvidia, Bill Gates, and Eric Schmidt. Inflection's co-founder Reid Hoffman also joined the round.
Runway, the AI-powered video editing company, raised $141 million from Google, Salesforce Ventures, and existing investors at a $1.5 billion valuation. Runway is revolutionizing the way we create and edit videos with AI.
Typeface, the AI content creation company, raised $100 million from Salesforce and Alphabet at a $1 billion valuation. Typeface is empowering marketers and creators with AI tools to generate high-quality content.
AI BYTE # 3 📢 : Microsoft Is Leading The Charge In The Field Of AI.
⭐ The company has recently begun previewing its AI-powered personal assistant, Copilot, for Windows 11 to insiders in the Dev Channel.
👉 Allows users to issue commands and have the AI automatically modify settings or perform actions in the operating system
👉Allows users to issue commands and have the AI automatically modify settings or perform actions in the operating system
First, Microsoft made a major comeback through Bing (who would’ve thought).
Now, they're integrating AI into the OS.
Without a doubt, Microsoft is currently winning the AI gold rush amongst big tech.
AI BYTE # 4 📢 : Inflection AI Is On Fire! 🔥
⭐ The AI startup founded by Mustafa Suleyman, cofounder of DeepMind, and LinkedIn co-founder Reed Hoffmanand, has raised a staggering $1.3 billion in a round led by Microsoft and Nvidia, bringing its valuation to $4 billion.
Inflection AI is building Pi, a personal chatbot that uses a new LLM called Inflection -1, which claims to outperform GPT-3.5.
Pi aims to be more empathetic, useful, and safe than other chatbots, and to generate natural language at human-level performance.
This is a huge milestone for the AI industry and a testament to the power of LLMs to create personalized and engaging experiences.
I’m excited to see what Inflection AI will do next with its massive GPU cluster and its ambitious vision.
This is what happens when you hire external consultants.
But hey, atleast you got 2 bottles of wine. 🍷