Tuesday, February 20, 2024
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This Week In XR: Epic Triumphs Over Google, Mistral AI Raises $415 Million, $56.5 Million For Essential AI

Dictionary.com announced the AI-sense of “hallucinate” as the 2023 Word of the Year. Objections were immediately lodged by the neglected AI-senses of the words “prompt,” “model,” and “animate.”

Epic Games Wins $92M From Google Play. A jury in the Epic Games v. Google antitrust trial has found that Google violated antitrust laws by using its dominant position in the mobile app market to stifle competition and awarded Epic Games $92 million in damages. This is essentially a do-over of the case Epic lost to Apple last year when Apple was allowed to keep its commission structure in place. The difference: this was a jury trial. Google says it will appeal. In an interview with Yahoo after the verdict, Sweeny said Google lost because “they wrote things down.” If the verdict stands, big changes are ahead for the app store business models.

Mistral Raises Another $415M. The French AI startup secured the Series C funding at a $2 B valuation. The round was led by SoftBank Vision Fund 2, with participation from existing investors Bpifrance, Eurazeo, and Partech. Mistral’s technology is designed to be easy to use, even for people who are not familiar with coding or AI. Critics contend there are no guardrails. Mistral, however, maintains that its platform is safe and that users are responsible for the content of their chatbots.

The European Union has finalized a groundbreaking law to regulate AI, potentially setting a global standard. The AI Act aims to balance the rapid advancement of AI technology with necessary oversight and risk management. LLMs must reveal their training data, comply with copyright laws, and provide technical documentation if demanded by regulators. The AI Act also addresses contentious issues like facial recognition, granting exceptions for law enforcement in specific scenarios. Additionally, the legislation differentiates between proprietary and open-source AI models, exempting open-source models from certain restrictions.

OpenAI entered into an agreement with media giant Axel Springer. The deal signifies a dramatic development in the relationship between AI entities and journalism companies. Under this deal, ChatGPT will have access to materials from Axel Springer’s publications, such as Germany’s Bild and Welt, and U.S. sources like Politico and Business Insider. This access will support the development of timely news summaries and further refine its advanced language models. Many leading journalism firms are actively exploring partnerships or compensation models with AI companies, including OpenAI, for the utilization of their content in training sophisticated AI models.

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Leah Sirama
Leah Sirama
Leah Sirama, a lifelong enthusiast of Artificial Intelligence, has been exploring technology and the digital realm since childhood. Known for his creative thinking, he's dedicated to improving AI experiences for all, making him a respected figure in the field. His passion, curiosity, and creativity drive advancements in the AI world.


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