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  • Lore #76: Shock at Stability AI as CEO Emad Departs

Lore #76: Shock at Stability AI as CEO Emad Departs

PLUS: Google DeepMind co-founder joins Microsoft as CEO of its new AI division

Good morning.

This week, there were some major shake-ups in the AI industry. Emad Mostaque, the CEO of Stability AI, “stepped down.” This comes only months after rumors had been spreading that investors weren’t happy with Emad.

In the same week, Microsoft hired the co-founder of Google DeepMind and several members of his team from Inflection AI, a startup that raised over $1.3 billion last year. This move is a significant blow to Google but also seems to change the dynamic of the Microsoft / OpenAI relationship.

As we accelerate towards AGI, expect things to get even wilder.

P.S. I have two exciting announcements coming up in April. Next week, I'll reveal a major media project I've been working on with one of the biggest tech companies and a close friend in the AI industry.

Lore - Venture Capital
  • Adept raised $350M to train neural networks to perform general tasks for enterprise clients (Link)

  • FundGuard raised $100M for its AI accounting platform (Link)

  • Foundry raised $80M to build an AI-optimized public cloud (Link)

  • Eliyan raised $60M for chiplet interconnects that speed up AI chips (Link)

  • BigID raised $60M to propel AI data security innovations (Link)

  • 0G Labs raised $35M to build a modular AI blockchain (Link)

  • Profluent raised $35M to scale foundational AI models for biomedicine (Link)

  • Spectral raised $30M for medical diagnostics (Link)

  • Borderless raised $27M for AI-powered HR innovation (Link)

  • NeuReality raised $20M for its disruptive AI Inference technology (Link)

  • Axion Ray raised $17.5M to countermeasure emerging issues
    before they impact customers (Link)

  • ValidMind raised $8.1M to streamline AI model risk management processes (Link)

  • Foundational raised $8M to bring AI agents into data engineering (Link)

  • Graswald raised $3.3M to build automated 3D tooling for enterprise brands and 3D creatives (Link)

  • Visio raised $2.5M to help brick-and-mortar reduce costs and save workers’ time using computer vision and AI (Link)

  • Presymptom Health raised £1.5M to help enhance the diagnosis of sepsis (Link)

  • Thoras raised $1.5M to supercharge cloud optimization and resilience for enterprise (Link)

Coming up:

  • Exclusive: AI startup Cohere seeks $5 billion valuation in latest fundraising (Link)

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News - Lore

Emad Mostaque has stepped down as CEO and from the Board of Directors at Stability AI to focus on decentralized AI. The company has appointed Shan Shan Wong and Christian Laforte as interim co-CEOs and is seeking a permanent CEO.

OpenAI is preparing to release GPT-5, the next version of the model underpinning ChatGPT. The new model is expected to address the performance issues encountered with GPT-4, and is described as "materially better" by those who have seen it. The company is currently training GPT-5 and conducting safety testing before its release, but no official release date has been set yet.

NHS has successfully trialed an AI tool, Mia, which detected tiny signs of breast cancer in 11 women, overlooked by human doctors during mammogram analysis of over 10,000 women. This early detection, exemplified by patient Barbara's experience, significantly enhances treatment outcomes. Developed by Kheiron and trained on millions of worldwide mammograms, Mia aims to reduce diagnostic wait times and assist radiologists, strained by high workloads and potential fatigue.

Other news

  • Google DeepMind co-founder joins Microsoft as CEO of its new AI division (Link)

  • Tepid Revenue at Cohere Shows OpenAI Competitors Face Uphill Battle (Link)

  • Saudi Arabia Plans $40 Billion Push Into Artificial Intelligence (Link)

Coolest Things - Lore

First Neuralink Patient Leaves Audience Speechless

OpenAI shares some of the best early Sora videos by artists and filmmakers

Building a 3D animated site with Dora

Artificial muscle has arrived

LimX Dynamics P1, a versatile bipedal robot

AI Tools - Lore
  • Suno: Create music with a text prompt (Link)

  • WonderDynamics: An AI tool that automatically animates, lights and composes CG characters into a live-action scene (Link)

  • Rizzle: Create amazing videos from text, podcast or blogs (Link)

  • Unboring by Reface: Edit images to swap faces or change the style (Link)

Find more tools at FutureTools.io.

AI Further Study - Lore
  • Mora: Enabling Generalist Video Generation via A Multi-Agent Framework (Link)

  • LlamaFactory: Unified Efficient Fine-Tuning of 100+ Language Models (Link)

  • MathVerse: Does Your Multi-modal LLM Truly See the Diagrams in Visual Math Problems? (Link)

  • RakutenAI-7B: Extending Large Language Models for Japanese (Link)

  • Evolutionary Optimization of Model Merging Recipes (Link)

That's it!

See you next week!

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