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- Stability AI CEO: AI is ‘biggest bubble in history’
Stability AI CEO: AI is ‘biggest bubble in history’
PLUS: U.S. Marines to use the metaverse for training
Colby Shelton & Roberto Nickson
July 17, 2023
Hey there. It’s Yawn.
This morning we’ll look into an AI CEO calling AI a massive bubble, jarheads to start leveraging the metaverse, and Shutterstock’s commitment to keep mainlining training data to OpenAI.
Let’s do it:
Stability AI CEO: AI is ‘biggest bubble in history’ 🫧
U.S. Marines to use the metaverse for training 🔫
Shutterstock expands partnership with OpenAI 🌄
3 snippets 💤
The CEO of Stability AI, Emad Mostaque, believes artificial intelligence will become the biggest bubble in history before collapsing. He argues too much funding is flooding into AI startups with untested business models.
Many of these companies also lack robust data to train and refine their AI systems. When the AI bubble eventually bursts, only the most focused startups with quality data will survive.
However, the Stability AI chief remains bullish on AI's long-term potential. He says AI advancements today resemble the dot-com era's early internet days. Useful AI applications will emerge, but most startups won't withstand the impending crash.
The U.S. Marine Corps is exploring how the metaverse could enhance combat training and readiness in the future. They have been experimenting with VR goggles for immersive virtual training environments.
VR training allows conducting exercises too dangerous or expensive to replicate physically. The Corps also sees potential for using digital twins of equipment for maintenance rehearsal and virtual wargaming.
Image by: Shutterstock
Shutterstock announced their intention to broaden the scope of its current partnership with OpenAI, providing training content to advance the AI research company's models. Over the next 6 years, OpenAI will gain licensing access to Shutterstock's immense reserves of imagery, footage, audio, and associated metadata.
In return, Shutterstock will receive priority integration of OpenAI's state-of-the-art AI capabilities and newfangled editing tools. Additionally, through Shutterstock's recently acquired GIF platform Giphy, OpenAI will collaborate to bring innovative generative AI features to mobile users.
The market is forecast to expand at a CAGR of 23.71% from 2022 to 2028, driven by VR's growth across gaming, entertainment, medicine, and more. Key players operating in the VR headset market include Meta, Sony, Samsung, Microsoft, HTC, Google, Lenovo, LG and others.
Who said the NFT space was dead? Depends on who you ask. Hip hop icon Jay-Z's Roc Nation has partnered with sports brand Puma to release a new sneaker line called DREAMERZ featuring NFTs. Each pair of physical shoes comes with an NFT that unlocks access to exclusive content and experiences for owners.
The AI company that allows users to create AI–powered chatbots modeled after celebrities & historical figures is looking to raise again just 4 months after raising $150M at a $1B valuation. They have 15M registered users.
