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Well, hello again and welcome to Five Things AI! This week we need to talk about the huge fundraising effort of OpenAI, which does not only almost double the valuation of the company, but also puts a lot more pressure on its business model and the revenue for the next years. We also need to talk about power-hungry data-centers, the short-term winners of AI, how everything is suddenly a game-changer and breathtaking and of course AI, which can be a bit tiring. And last, but certainly not least, we should discuss AI, art and copyright. Speaking of AI, make sure to participate in the The AI Art Magazine Open Call! As always, I appreciate that you read this email - if you have any feedback on what I can improve, please just hit reply and let me know! Thanks! OpenAI Nearly Doubles Valuation to $157 Billion in Funding Round
Another huge round for OpenAI, but let’s see how this will develop: “[…] the company is far from profitable, which made the new investment round critical. It is expected to lose around $5 billion this year on revenue of $3.7 billion, a person with knowledge of its financial data confirmed. It is projecting revenue will grow to $11.6 billion in 2025. Developing new AI models is hugely expensive, as is operating them. In addition, competition for the most talented AI researchers has driven their annual salaries into the millions.” The Grim Truth Behind Microsoft’s Plan for Three Mile Island and AI
This is spectacularly bad idea to have the taxpayers pay for restarting an old nuclear power plant. While nuclear doesn’t add to the carbon footprint, more radiation and nuclear waste aren’t the way forward. Power-hungry data-centers need to be powered by alternative energy sources, not old nuclear plants from the 70s. The Four Short Term Winners of AI
“[…]we are riding on the fumes of Google’s 2017 Transformer breakthrough, focusing on "faster horses" in the words of Henry Ford. Instead, we need a "carburetor" to take AI from good to great. After all, it’s not how you start but how you finish. The gun has gone off and the race is on.” I am tired of AI
“[…] I am all for finding and developing new solutions to existing problems, but boy, am I tired of AI, of how it is used and of how it is marketed. Every tech fart smelling of ‘AI’ these days is almost instantly labeled as a ‘game changer’, only to be replaced by the next ‘pivotal’ and ‘revolutionary’ ‘solution’ the next week.” Famous AI Artist Says He’s Losing Millions of Dollars From People Stealing
This is a really interesting legal issue. What does it take to copyright AI art? More than five prompts? 10? How could we find a way to discuss when AI derived work is worth being copyrighted? And what does that mean for the copyrighted material companies like Midjourney used to feed their model? If you missed last week’s edition of Five Things AI, you can read it here:
That’s it for Five Things AI this week! 🤖 — Nico You're currently a free subscriber to Five Things. For the full experience, upgrade your subscription.
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