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- 🔁 Stability AI CEO quits to pursue de-centralized AI
🔁 Stability AI CEO quits to pursue de-centralized AI
🐰 R1 available from Easter Sunday
Martin Crowley & Liam Lawson
March 25, 2024
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Welcome to AI Tool Report!
Monday’s top story: Stability AI’s CEO has quit the company, to pursue decentralized AI because he believes they’re not going to “beat centralized AI with more centralized AI”.
🌤️ This Morning on AI Tool Report
🔁 Stability AI CEO quits to pursue de-centralized AI
🎞️ OpenAI is venturing into Hollywood
📰 The Financial Times launches chatbot
🧑⚕️ NVIDIA takes healthcare market by storm
Read Time: 5 minutes
INTERNAL POLITICS
Our Report: Emad Mostaque, CEO of generative AI company–Stability AI–has stepped down from his role and his position on the board of directors, to “pursue decentralized AI.”
🔑 Key Points:
Stability AI started offering paid memberships for the commercial use of its models to help fund its research (said to be costing $8M p/m), which is why Mostaque stepped down.
He claimed that they were “not going to beat centralized AI with more centralized AI” stating “It’s time to ensure AI remains open and decentralized.”
Following Mostaque’s departure, the board has appointed two co-CEOs to lead Stability AI—COO Shan Shan Wong and CTO Christian Laforte—while it searches for a permanent CEO.
🤨 Why you should care: This comes days after several key developers resigned and three out of the five researchers who created the technology behind Stable Diffusion also left, signifying that the company may be in trouble after also failing to raise funding on a $4B valuation.
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FILM
OpenAI has secured meetings with top Hollywood studios and media executives to pitch its text-to-video model, Sora, which can produce realistic video footage based on text prompts.
Although Sora is still in development, OpenAI has given several A-list directors and producers access to show them its potential, and if successful, it could kickstart a movie industry change.
Producer Tyler Perry has already seen Sora in action, and was so impressed he put his plans for an $800M studio expansion on hold, saying “seeing the capabilities was mind-blowing.”
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NEWS
Similar to ChatGPT, Copilot, or Gemini, the Financial Times (FT) has launched a new AI chatbot (called Ask FT) that gives natural language answers to questions its subscribers ask.
Ask FT will only provide answers from its own published information, rather than sources that are harder to explain or are subject to ongoing legal action.
It’s available to some paid subscribers in the FT Professional tier and is currently powered by Claude, the large language model (LLM) developed by Anthropic.
HEALTHCARE
NVIDIA has launched 24 AI-powered healthcare tools, announced deals with Johnson & Johnson for the use of generative AI in surgery, and GE Healthcare, to improve medical imaging.
This comes after they previously invested $50M in Recursion Pharmaceuticals (a TechBio company) and also partnered with Schrödinger Therapeutics for drug discovery.
With NVIDIA’s CFO claiming that they have “built deep domain expertise in healthcare…creating the NVIDIA Clara healthcare platform and NVIDIA BioNeMo for AI-driven drug discovery.”
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We’d like to share that we’re on track for the first U.S. batch to start leaving the factory on Easter, March 31st, as promised. We estimate shipping to take a little over three weeks as orders will have to pass through both international and U.S. customs, with the first orders… twitter.com/i/web/status/1…
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Mar 23, 2024
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