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In Today's Article:
UK to invest £100 million in AI
AI healthcare startup raises $70 million
xAI Slidedeck Leaked
Read time: 2.5 minutes
xAI Slidedeck Leaked
xAI
According to information reviewed by Bloomberg, a copy has been sliding around to potential investors during January- December, highlighting the opportunity to invest in xAI as part of the "Muskonomy". xAI gets trained on data from X (formerly Twitter).
Additionally, the slide deck draws attention to the successful growth trajectory of OpenAI. As of now, xAI's only product offering is Grok, a chatbot assistant only available to subscribers of X+.
xAI is seeking investment at a $15-20 billion valuation, with only 20 employees. (That’s a $1 billion valuation per employee!). Several employees have a long history working with AI, with some having a background in Google’s Deepmind.
Today’s News in AI
The U.K. government, through the Department for Science, Innovation, and Technology (DSIT), announced a £100+ million investment to bolster AI regulation and innovation, focusing on £10 million for regulator upskilling and £90 million to establish nine research hubs. This move aligns with its preference for existing law adaptation over new legislation, aiming to maintain global leadership in AI. The approach contrasts with the EU's comprehensive AI law, highlighting the U.K.'s strategy to foster AI development with sector-specific guidance and targeted funding to address AI safety and innovation.
Ambience Healthcare, a San Francisco-based AI startup, raised $70 million in a Series B funding round led by Kleiner Perkins and the OpenAI Startup Fund, with participation from Andreesen Horowitz and Optum Ventures. The company aims to empower healthcare workers with AI tools powered by large language models, similar to OpenAI's ChatGPT. Its flagship product, AutoScribe, offers real-time medical note generation, among other tools for healthcare organizations. Ambience Healthcare is deployed at prestigious institutions like UCSF, John Muir Health, and Memorial Hermann Health System, leveraging AI to enhance healthcare services across various specialties.
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