Microsoft’s $3.2 Billion AI Investment for Australia, Shutterstock’s New AI-editing Features and CentML’s Recent $27 Million Seed Funding Round

Oct 31, 2023

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In today's episode of the Edge of AI Powered by Metaverse Post, we dive into Microsoft’s $3.2 billion AI investment for Australia, Shutterstock’s new AI-editing features, CentML’s recent $27 million seed funding round, and more!

🔑 Key Takeaways:

Microsoft will invest $3.2 billion in AI and cloud computing capabilities in Australia over the next two years.
AI startup CentML raised $27 million in a seed funding round led by Google's Gradient Ventures.
Shutterstock announced new AI-powered editing features for its image library.
AVEVA's Global Head of AI Jim Chappell told Metaverse Post that generative AI will shape Industry 5.0.
The Frontier Model Forum launched an inaugural $10 million AI Safety Fund.
Amazon rolled out a new AI image generation tool for advertisers.
Cisco introduced AI tools at Webex One to improve video conferencing through automation.
OpenAI formed a new team called Preparedness to assess the risks of AI systems.

The rapid pace of AI development brings exciting potential, but also new challenges! How do we balance innovation with ethics and safety? Let us know your thoughts on our Socials!

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