The race to get ahead in artificial intelligence is compelling companies to intensify their efforts each day. In latest news, ChatGPT creator OpenAI has been considering developing its own web browser, according to a report by The Information. The report reveals that the company has spoken about the product with websites such as Redfin, Conde Nast, Priceline, and Eventbrite. Having already entered the market with SearchGPT, the move would be placing OpenAI head-to-head with Google, the company that holds the major share of the browser and search market.
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However, the company isn’t just delving into search and browsers. According to Tech Crunch, OpenAI is also researching algorithms that can predict human being’s moral judgments. OpenAI gave a grant to Duke University researchers for a project called “Research AI Morality.” When asked for more details, an OpenAI spokesperson referred to a press release stating that the grant is part of a larger $1 million, three-year funding effort for Duke Professors working on creating “moral AI.”
As per the press release, the OpenAI-funded project aims to develop algorithms capable of “predicting human moral judgments” when moral conflicts arise in fields like medicine, law, and business. However, it isn’t clear yet whether such kind of an achievement is possible with the current levels of technology.
In other news, AI firm Anthropic is getting another funding boost. Amazon is increasing its investment in Anthropic to $8 billion, strengthening its partnership in artificial intelligence, the companies announced Friday, the 22nd.
“We’ll keep pushing the boundaries of what customers can achieve with generative AI technologies.”
– Matt Garman, chief of AWS cloud computing division.
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A business executive in a modern office looking over reports detailing artificial intelligence.
10. Palladyne AI Corp. (NASDAQ:PDYN)
Palladyne AI Corp. (NASDAQ:PDYN) is a developer of artificial intelligence software focused on autonomy for robotic systems.
On November 20, Palladyne AI Corp. (NASDAQ:PDYN) announced that it has expanded its partnership with Red Cat Holdings and its Teal Drones subsidiary, a drone technology company, for enabling joint sales and marketing for Palladyne AI’s artificial intelligence software on Teal drones. It is expected that the Palladyne Pilot will be available on all Teal drones. It will also be available in new drones shipped to customers who desire the platform’s features and functionality.
“We are extremely proud to be working with Teal on integrating our Palladyne Pilot artificial intelligence software into Teal’s drones and look forward to this expanded relationship to help deliver a best-in-class experience for their defense, public safety, and commercial customers. Furthermore, we congratulate them on their selection as the winner of the U.S. Army’s SRR Program of Record. This contract is extremely well-deserved as Teal sUAS systems exhibit superior capabilities across the board and particularly for complex military operations.”
– Ben Wolff, CEO, Palladyne AI.
9. Veritone, Inc. (NASDAQ:VERI)
Number of Hedge Fund Holders: 6
Veritone, Inc. (NASDAQ:VERI) is a leading enterprise AI software, applications and services provider.
On November 20, Veritone, Inc. (NASDAQ:VERI) announced that it has launched Veritone Data Refinery (VDR), a new cutting-edge tool that helps businesses turn massive, unstructured data into high-quality, AI-ready assets. The VDR will leverage Veritone’s proprietary aiWARE™ platform to help transform and manage video, audio, and text data for training sophisticated AI models and explore revenue opportunities through data monetization. High-quality data is the need of the hour, as it helps AI models advance. VDR will help tackle the challenge of this data constraint by converting unstructured data into structured datasets ready for training Large Language Models (LLMs) and Large Multimodal Models (LMMs).
“With Veritone Data Refinery, we’re bridging a critical emerging gap in the AI ecosystem by turning raw data into high-value assets that can power next-generation AI. Veritone’s decade-long commitment to advancing AI technology has uniquely positioned us to deliver an end-to-end solution that not only transforms data but does so securely, ethically and at scale. This commitment ensures that our clients can innovate responsibly while maximizing the potential of their proprietary data.”
-Ryan Steelberg, president and chief executive officer, Veritone.