Artificial Intelligence
Oct 7, 2024: OpenAI’s $6.6B Raise & Unreal Valuation Consequences
Last week was the craziest week in Gen AI history. The biggest headline was about OpenAI raising a massive $6.6B round, setting the company’s valuation at over $150B. While previously, OpenAI has raised far more than $6B, in the history of tech company (private) fundraising, we have not seen this level of valuation. Of course, startups (tech companies) set…
Read MoreInnovation or Monopoly? OpenAI: $150B Valuation and Raising a $6B Round
Colleagues and friends, we all woke up this morning (hopefully after our first cup of coffee) and read the insane news that VCs are fighting to get in on the $6B raise that OpenAI is closing and OpenAI has now declared itself valuation to be a $150B. This is in addition to all the many…
Read MoreBuckle-Up: AI Regulations Are Coming…
Colleagues and friends: On September 17, 2024, California Governor, Gavin Newsom, signed two bills into law that aim to help actors and performers protect their digital replicas in audio and visual productions from artificial intelligence, the governor’s office said. As robots and AI are taking over, we must have regulations to monitor and protect intellectual property integrity…
Read MorePart I: GenAI Music: Innovate via XdMind, Not Fight Legal Copyright Battles!
We have all heard many things about GenAI music. When GenAI became available for mass consumption, we hit the era of GenAI-everything, Music included. Let’s talk about GenAI Music: GenAI Music will fill up the music pipeline with tens of millions of songs. Not by known artists, songwriters, or composers, but via algorithms. A few considerations/problems: What were…
Read MoreCopyright and AI. It Matters!
While one may think it is entertaining to witness GenAI companies train their AI systems using content from others, these companies may: (1) be intentionally aware, (2) simply don’t care, or (3) even know what training data sets they are using. However, IT MATTERS A LOT! Let me build a hypothetical scenario: I spent years…
Read MoreThe VC Quiet Shrinking: Part I
I am a huge fan of venture capital and the impact that VC funding at all stages has on spurring innovation, building products, and enabling us to be where we are today. The VC world is evolving rapidly, but perhaps not for the best. Here is why: The term ‘Quiet’ perfectly depicts what is happening in…
Read MoreThe Battle Between the World of MUSIC & AI
Since January of 2024, we have seen a significant growth in the number of companies generating music via AI, GenAI Music Companies. Let’s remember that the concept of Generative AI (i.e. ChatGPT and similar algorithms) is to generate new music using ‘training data sets’ which in the world of music, is generally music from artists and…
Read MoreChatGPT-4, PaLM 2 (Bard), Llama 2, or Falcon 180B? Nothing like healthy technology competition to raise the bar!
Since January, the world has been excited and gone mad with ChatGPT by OpenAI. Formerly an open-source company, but once Microsoft pumped $10B into OpenAI, it became a commercial company like all the other tech players. We have all been delighted with ChatGPT’s potential across the world. In parallel, Meta’s LLM Llama 2 and Google’s PaLM…
Read MoreAI and Music (XdMind Inc.): The Journey Has Begun!
Over the last few months, we have heard the term “Generative AI” and Music a lot. Sometimes also referred to as AI-generated music, non-musicians using computer algorithms effectively producing music, vs. artists, musicians, music labels, and studios. Clearly, this can be a bit alarming, if one assumes there will be an immediate replacement of…
Read MoreCutting AI Ethics Staff – Worst Decision by Big Tech Companies!
AI and algorithms are and will be used heavily by the tech industry and our society. It is more crucial than ever to monitor the accuracy of AI and the ethical obligations which come with assuring that information is correct, should be distributed, and the ethical consequences of having ‘algorithms’ replacing ‘human ethics and intellect.’…
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