| Welcome to today's Inside AI Here are today's top headlines: - GenAI job postings on Upwork soared over 1,000% in Q2.
- Hugging Face has raised $235M at a $4.5B valuation.
- Meta released its free AI coding tool.
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| 1 | | In H1 2023, AI saw the fastest growth of any category on Upwork, with generative AI job posts soaring by over 1,000% in Q2 versus the end of 2022. According to Upwork, an online freelance marketplace, searches related to generative AI rose 1,500% during the same time period. More: - Upwork's Research Institute recently conducted an analysis of generative AI.
- It found that the top generative AI-related searches on its platform in H1 2023 included ChatGPT, BERT, Stable Diffusion, and more.
- During the same period, the fastest growing genAI-related searches on Upwork included AI Content Creation, Gradio, and Azure OpenAI.
- The top 10 genAI-related projects that clients hired freelancers for ranged from ChatGPT to Natural Language Processing (NLP) and TensorFlow.
Zoom out: - Upwork also surveyed 1,400 U.S. business leaders about generative AI.
- Among the key findings: hiring managers intend to increase their workforces due to genAI, with 49% planning to hire more independent talent and full-time employees.
Q: Do you believe generative AI-related job postings have peaked, or will they continue to grow? Join the conversation here. |     | |
| 2 | | New York-based AI startup Hugging Face has secured $235M in funding at a $4.5B valuation, with major contributions from tech giants including Google, Amazon, Nvidia, and Salesforce. The funds will mainly be used to attract top talent and further build the platform and open-source AI, according to Hugging Face CEO Clement Delangue. More: - Hugging Face offers an open platform, similar to GitHub, where AI/ML developers can freely share code, models, and datasets.
- The company currently boasts a repository of 500,000 AI models and 250,000 datasets serving 10,000 paying customers.
- It also provides developer tools for easier deployment of open-source AI models.
Funding: - According to Delangue, companies are seeking to develop AI programs on their own, which requires open-source AI.
- In a LinkedIn post, he listed the participants in Hugging Face's $235M Series D round, which were Salesforce Ventures, Google, Amazon, NVIDIA, AMD, Intel Corporation, Qualcomm Ventures, IBM, and Sound Ventures.
- These partners have collectively contributed more than 1,000 open models and datasets, with over 10,000 users already on Hugging Face.
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| 3 | | Meta, the parent company of Facebook, has released a free AI coding tool, capitalizing on the growing demand for generative AI in the programming sector. 
What happened: Meta's Code Llama leverages the company's open-source Llama 2 language model to generate, explain, and debug code in popular programming languages, including Python, Java, and C++. Meta is launching Code Llama in three sizes: 7 billion, 13 billion, and 34 billion parameters. Each underwent training with a dataset comprising 500 billion tokens of code and code-related information. Why it matters: According to Meta, Code Llama will streamline developer workflows, allowing them to focus on the more human-centric aspects of their work. Since the launch of OpenAI's ChatGPT last year, enterprises and developers have increasingly adopted generative AI, with code generators like GitHub Copilot, Amazon's CodeWhisperer, and Google's AlphaCode gaining in popularity. Still: Like other generative AI tools, coding tools have drawbacks, including security vulnerabilities and intellectual property concerns. Code Llama's code generation can sometimes be unpredictable and occasionally produce inaccurate or objectionable code. As a result, Meta advises developers to conduct safety testing and tuning tailored to their specific applications. | | | |
| 4 | | The U.K. government has announced that Bletchley Park, known as the home of the World War II Codebreakers, will host the world's first AI safety summit on Nov. 1-2. The summit will bring together world governments, top AI firms, and experts to discuss the responsible development of AI and its associated risks. More: - The summit aims to address global threats to democracy posed by AI, including its use in warfare and cybersecurity.
- The agenda includes discussions on AI ethics, misinformation, biased algorithms, autonomous weapons, and semiconductor availability.
- Leading academics and executives from AI companies like Google's DeepMind, Microsoft, OpenAI, and Anthropic will be invited.
Zoom out: - British Prime Minister Rishi Sunak, who has been a strong advocate for AI, announced the summit in June, stressing a need to balance AI's opportunities with its risks.
- The U.K. government aims to establish London as a hub for global AI regulation and innovation, which was supported by OpenAI's decision to open its first non-U.S. office in the city.
- The Bletchley Park building, in nearby Buckinghamshire, was where WWII Codebreakers cracked the Enigma Code used by the German government in 1941 to direct Eastern front operations.
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| 5 | | Naver, the South Korean internet giant, unveiled its own large language model for search and chat. The HyperCLOVAX LLM powers services like a ChatGPT-style AI chatbot named CLOVA X and a generative AI-powered search engine dubbed Cue. More: - Naver launched its CLOVA X beta services in English and Korean on Thursday.
- Cue, similar to Microsoft's AI Bing, will launch for best testing in September.
- According to Naver, HyperCLOVA has over 204 billion parameters. It's among only five global companies to create its own language model exceeding 100 billion parameters.
- The company plans to open a new data center for the HyperCLOVA X services in November.
- Naver has said it is jointly working with Samsung on new chip solutions for hyperscale AI.
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| 6 | | M&A Roundup: - AMD revealed its acquisition of Mipsology, a French AI software startup, to bolster its AI inference software capabilities. Mipsology's Zebra AI software is compatible with FPGAs, including those from AMD-Xilinx, and is positioned as a GPU inference performance competitor.
- Satellite manufacturer and space service firm Sidus Space announced its purchase of Exo-Space, a California-based company specializing in edge AI hardware and software for space applications. Sidus aims to merge Exo-Space's AI and machine learning products into its operations, including selling the hardware to third parties.
- IT and DevOps solutions maker Apica acquired data observability startup LOGIQ.AI. The firm also secured $10M capital from Industrifonden, SEB Foundation, and Oxx.
- ChatGPT maker OpenAI acquired New York-based startup Global Illumination for an undisclosed sum. Global Illumination builds AI-powered creative tools, infrastructure, and digital experiences.
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INSIDE AI LEADERBOARD (7 DAYS) |
 | AI and technology writer | | Beth is the curator and writer of the AI and Tech newsletters at Inside. With a career in journalism and editing that began in 2007, she has written for publications including USA Today, The Arizona Republic, Arizona Business Gazette, and more. You can reach her at Beth.Duckett@yahoo.com. | | This newsletter was edited by Aaron Crutchfield | |
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