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Lore Issue #35: The Case for AI Optimism

June 14, 2023

Good morning.

Just when we thought AI news would slow down, we had one of the craziest weeks since GPT-4 was released!

IMPORTANT: Next week, we will migrate Lore to Beehiiv and launch a new version of Lore.com. There shouldn't be any deliverability issues, but please double-check your email next Wednesday at 7:30 AM EST to ensure you get it!

Okay, today we've got exciting news from OpenAI, Adobe, AMD, and an RPG created with AI in a day.

Let's get started!

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INSIGHTS

Last week, Marc Andreessen, the legendary entrepreneur and co-founder of Netscape who played a pivotal role in developing the early internet, wrote an epic essay titled Why AI Will Save The World. He wrote it to counter what he calls a "full-blown moral panic about AI."

If you haven't read it yet, we suggest you do. It's a must-read for all AI entrepreneurs, executives, and innovators.

Here are some of the key insights:

  1. AI has the potential to solve some of society’s most pressing challenges including inequality, environmental issues, and healthcare, provided that regulatory capture doesn't hinder its progress.

  2. AI is not human. There is no current scientific evidence to support the notion that AI will become sentient and pose a threat to humanity.

  3. AI can foster economic growth and job creation by enabling individuals to engage in creative work that was previously impossible.

  4. Thegeopolitical risk of a nation without democratic values taking the lead in AI development is a more realistic and pressing concern than dystopian sci-fi scenarios.

  5. Companies of all kinds should be building and implementing AI rapidly without regulation.

We generally agree with the points made in the article. Companies must be mindful of how they implement AI; however, this is also a time for boldness and innovation.

Democracy has been a dominant force since the mid-20th century, largely because democratic nations were at the forefront of two major technological revolutions: nuclear technology and the internet. There's a strong parallel here – it's highly conceivable that democracy will only continue flourishing if a democratic nation leads in this next major technological revolution, AI.

Additional Resources:

If you prefer video, Marc did a great interview with A16Z partner Martin Casado.

NEWS

  • OpenAI updates GPT3.5 and GPT4 while reducing API pricing (Read Article)

  • A leaked document of Amazon's ideas for using ChatGPT and AI at work lists 67 ways to take advantage of the ChatGPT boom (Read Article)

  • Hugging Face and AMD partner on accelerating state-of-the-art models for CPU and GPU platforms (Read Article)

  • Paul McCartney used AI to make anew Beatles song (Read Article)

  • Hairstyle.ai was acquired by Danny Postma in a 5-figure private deal. (Read Tweet)

VENTURE CAPITAL

  • France’s Mistral AI blows in with a $113M seed round at a $260M valuation to take on OpenAI (Read Article)

  • Legal AI company EvenUp raises $50 million at $325 million valuation (Read Article)

  • Salesforce pledges to invest $500M in generative AI startups (Read Article)

  • SiMa.ai Raises $13M in Funding (Read Article)

COOLEST THING

Jon Radoff, whom we previously collaborated with on a GDC Generative AI event, was part of a team that won the grand prize in the LA Techweek Virtual Worlds hackathon by creating a fully-playable RPG in 1 day.

Technologies used:

FEATURED TOOLS

  • MusicGen by Meta. Create incredible AI-generated music with prompts. (Link)

  • Clipdrop by Stability.ai. The ultimate ecosystem of apps, plugins & resources for all creators, powered by artificial intelligence. (Link)

  • Generative Recolor in Adobe Illustrator. Effortlessly explore new color palettes using natural language. (Link)

  • Gen-2 by Runway is now available to all. Create videos in any style you can imagine with Text to Video generation. (Link)

EVENTS

  • Lightspeed Venture Partners Generative SF. June 14th, San Francisco (Event Details)

  • Roblox Machine Learning & AI Meetup. June 15th, San Carlos (Event Details)

  • Cerebral Valley AI Builders CoWorking. June 15th, San Francisco(Event Details)

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Find more AI Events on the

.

FURTHER STUDY

  • Rerender A Video: Zero-Shot Text-Guided Video-to-Video Translation (Read Paper)

  • Meta releases 'human-like' AI image creation model (Read Article)

  • Chat with OpenAI CEO and Co-founder Sam Altman, and Chief Scientist Ilya Sutskever (Watch Video)

  • Hundreds attend AI church service in Germany (Read Article)

AI MEME OF THE WEEK

That's it!

See you next week!

-Nathan Lands

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