Lore #63: Midjourney V6 Has Arrived

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• Lightmatter raised $155M at a $1.2B valuation to develop photonic technologies that reconstruct how chips calculate and communicate (Link)

• Harvey raised $80M to build generative AI for legal professionals (Link)

• Black Ore Technologies raised $60M to build AI tools for the financial services industry (Link)

• Ignition raised $8M to address misalignment across go-to-market functions (Link)

• Redactable raised $5.5M for its AI-based redaction platform (Link)

• ESG Flo raised $5.25M for its AI-powered ESG data infrastructure platform (Link)

• Amini raised $4M to bridge Africa’s environmental data gap (Link)

• Wynd Network raised $3.5M for decentralized AI blockchain solutions (Link)

• Magic Feedback raised €1.2M for user feedback management (Link)

Coming up:

• OpenAI is in talks to raise new funding at valuation of $100 billion or more (Link)

• Anthropic, the OpenAI rival, is in talks to raise $750 million in funding at an $18.4 billion valuation (Link)

• Hive AI to seek $200 million in funding and valuation jump (Link)

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Apple explores AI deals with news publishers

Apple is actively pursuing negotiations with major news and publishing organizations to license their article archives for its generative artificial intelligence systems development.

The company has proposed multiyear deals, each worth at least $50 million, with organizations including Condé Nast, NBC News, and IAC.

Apple's approach, which seeks explicit permission for content use, contrasts with the broader industry practice where AI firms have faced criticism for using material without creators' consent.

Microsoft Copilot gets a music creation feature via Suno integration

Microsoft Copilot has introduced a new feature for music creation through its integration with the GenAI music app Suno. This feature allows users to generate complete songs, including lyrics, instrumentals, and singing voices, from simple prompts.

Notably, ethical and legal issues concerning AI-synthesized music remain unresolved, including concerns about AI learning from existing music without artists' consent or compensation, and debates over fair use and copyright.

ISO/IEC 42001 Published

The International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) have published ISO/IEC 42001, the world's first international standard for Artificial Intelligence Management Systems (AIMS), specifically designed for organizations that provide or utilize AI-based products or services.

This standard outlines requirements for establishing, implementing, maintaining, and continuously improving AIMS, ensuring responsible development and use of AI. It addresses key challenges associated with AI, including ethical considerations, transparency, and continuous learning, offering a structured approach to manage risks and opportunities. The standard aims to facilitate a balance between innovation and governance in AI, promoting responsible use, traceability, transparency, reliability, and cost savings for organizations.

AI can now tell if your Louis Vuitton handbag is fake

Entrupy has developed an AI-powered tool that can authenticate luxury handbags and sneakers with a claimed 99.1% accuracy rate.

This technology, aimed at resellers of luxury goods, can verify products from major brands like Louis Vuitton, Chanel, Balenciaga, Burberry, and Gucci.

The process involves taking detailed photos of the product using a microscopic lens and cross-referencing these images with a vast database of authentic items using an AI algorithm. The device generates a certificate of authenticity for products it verifies as genuine.

Other news

• Google limits election queries that Bard and AI-based search can answer (Link)

Using 3D reconstruction tech to preserve memories

New leaps in medical imaging

Midjourney V6 is now live — first impressions

New AI game dev updates from Scenario

• Creatify: Generate marketing videos from a product link or text description (Link)

• BetterLegal: Analysis of legal contracts (Link)

• Myko: Conversational AI to answer Salesforce questions (Link)

• Rex: A virtual coach for nutrition and fitness (Link)

• Pikzels: AI thumbnail generator (Link)

Find more tools at FutureTools.io.

• LLM in a flash: Efficient Large Language Model Inference with Limited Memory (Link)

• VideoPoet: A Large Language Model for Zero-Shot Video Generation (Link)

• Fairy: Fast Parallelized Instruction-Guided Video-to-Video Synthesis (Link)

• PowerInfer: Fast Large Language Model Serving with a Consumer-grade GPU (Link)

• StreamDiffusion: A Pipeline-level Solution for Real-time Interactive Generation (Link)

That's it!

See you next week!

-Nathan Lands

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