The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis How Moderna's ChatGPT Use Shows the Future of Corporate AI
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Apr 26, 2024 Moderna is revolutionizing its operations by integrating ChatGPT throughout the company, signaling a new era for corporate AI. This partnership is not just about tech; it aims to boost productivity and innovation across departments like drug discovery and manufacturing. Additionally, the discussion highlights the impact of rising AI valuations on startups and the challenges larger companies face in this competitive landscape. The future of AI in business is bright and transformative!
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Cognition Labs Funding
- Cognition Labs, creators of the AI coding assistant Devin, raised substantial funding at a high valuation.
- Despite some controversy around overselling capabilities, Founders Fund invested $175 million, valuing the company at $2 billion.
Robotics Startup Valuation
- Skilled, a robotics startup, is nearing a deal to raise $300 million at a $1.5 billion valuation.
- This deal highlights the venture capital FOMO in robotics, with the company having no revenue currently.
Meta's AI Investment
- Meta is increasing its spending forecast to compete in the AI space, impacting profits.
- This increased investment signals Meta's commitment to competing with other major players in AI.