AI 🎉 Friday Frontier: AI Advancements: Ello, OpenAI DevDay, Emerging Memory Tech, Anthropic's Claude Pro, and HubSpot's AI
1/ 💰Ello raises $15M to bolster child literacy by leveraging AI.
2/ 📢OpenAI announces OpenAI DevDay.
3/ 🌟Emerging Non-Volatile Memories for IoT and AI.
4/ 💵Anthropic launches a paid plan for Claude 2.
5/ 🤖HubSpot unveils AI tools for marketing & sale.
For further details, let's keep reading! 👇
Welcome to AI news today! Ello, an AI-powered reading coach, secures funding to bolster child literacy. OpenAI makes an exciting announcement with DevDay, promising to empower developers with cutting-edge AI tools. A report on emerging non-volatile memory technologies reveals their potential to revolutionize IoT and AI. Anthropic introduces Claude Pro, a paid plan for its AI chatbot, amid ambitious fundraising plans. HubSpot dives into the AI arena, unveiling AI-powered features for marketing and sales. Get ready to explore the power of AI in these developments.
1/ Ello raises $15M to bolster child literacy by leveraging AI. 💰
Ello, an AI reading coach startup, has raised $15 million in Series A funding to help eradicate childhood illiteracy. The company's app uses artificial intelligence to listen to children read aloud and correct mispronunciations and missed words. It also provides phonics-based strategies to teach children critical reading skills. Ello is aimed at children from kindergarten through Grade 3 and delivers five books every month for $24.99. The company is currently running pilot programs with schools in San Francisco and New York.
The company plans to use the funding to expand its reach to more children and to develop new features, such as the ability to generate AI-written stories.
Lauren Forristal
2/ OpenAI announces OpenAI DevDay. 📢
OpenAI announces its first developer conference, OpenAI DevDay, on November 6, 2023 in San Francisco.
Since launching its API in 2020, OpenAI has continuously updated it to include its most advanced models, making it easier than ever for developers to integrate cutting-edge AI into their projects with a simple API call. Today, over 2 million developers are using GPT-4, GPT-3.5, DALL·E and Whisper for a wide range of use cases—from integrating smart assistants into existing applications to building entirely new applications and services that weren't possible before.
At OpenAI DevDay, attendees will learn about the latest advances in AI, get hands-on experience with OpenAI's tools and API, and network with other developers who are using AI to build the future.
3/ Emerging Non-Volatile Memories for IoT and AI. 🌟
A new report by Coughlin Associates and Objective Analysis projects that emerging non-volatile memory technologies, such as MRAM and ReRAM, could generate $1 billion in revenue and drive capital equipment spending to $2.2 billion by 2033. These memories are well-suited for use in IoT and AI applications, as they offer high speed, low power consumption, and non-volatility.
IoT devices generate a massive amount of data that needs to be processed and stored. Emerging non-volatile memories can help to reduce the power consumption and latency of these devices, making them more efficient and responsive.
AI applications also require a lot of data storage and processing power. Emerging non-volatile memories can help to accelerate AI training and inference, making it possible to deploy AI solutions in real-time.
The increasing adoption of IoT and AI is driving demand for emerging non-volatile memories. As these technologies continue to mature, they are expected to play an increasingly important role in the development of these next-generation technologies.
Tom Coughlin
4/ Anthropic launches a paid plan for Claude 2. 💵
Anthropic, the AI startup co-founded by ex-OpenAI employees, has launched a paid plan for its AI-powered chatbot, Claude 2. Claude Pro costs $20 per month and offers users 5x more usage than the free tier, the ability to send more messages, priority access to Claude 2, and early access to new features.
The launch of Claude Pro comes as Anthropic is raising $5 billion over the next two years to create its envisioned AI. The company says that most of the cash will go toward compute capacity, as AI chatbots like Claude 2 are expensive to host.
Anthropic claims to have "thousands" of customers and partners currently, including Quora. However, it faces stiff competition from other AI chatbot startups, such as Cohere and AI21 Labs, as well as OpenAI, whose AI tools are used by millions of developers.
Kyle Wiggers
5/ HubSpot unveils AI tools for marketing & sale. 🤖
At INBOUND 2023, HubSpot, the customer platform for scaling businesses, has announced the launch of HubSpot AI, its portfolio of AI-powered features for marketing, sales, and service teams. The company has also relaunched Sales Hub, its sales solution for modern sales teams.
HubSpot AI and the new Sales Hub are designed to help businesses of all sizes grow better. By using AI, businesses can automate tasks, improve decision-making, and get more insights into their customers.
Inconclusion: As the AI revolution continues to gain momentum, these stories serve as signposts of progress. With each innovation, we step closer to an AI-powered future that promises convenience, efficiency, and limitless potential.
Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.
