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Meta Develops Next-Gen MTIA Chip
Menlo Park, California-based Meta unveiled the next generation of its Meta Training and Inference Accelerator (MTIA), a chip designed for Meta AI workloads. The chip demonstrates “significant performance improvements over MTIA v1” and helps power Meta’s ranking and recommendation ads models, according to the company. MTIA reflects part of Meta’s “growing investment” in its AI infrastructure.US Rep Introduces 'Generative AI Copyright Disclosure Act'
U.S. Representative Adam Schiff (D-Calif.) is proposing a bill that would “require transparency from companies regarding their use of copyrighted work to train their generative AI models.” Before a new GenAI system is released, the “Generative AI Copyright Disclosure Act” would require a notice to be submitted to the register of copyrights regarding all copyrighted works used in building or altering the system’s training data set. The bill’s requirements would also apply retroactively to previously released GenAI systems.US and Japanese Universities Partnering on AI Research
Four universities in the U.S. and Japan are collaborating on AI research projects with $110 million in funding: the University of Washington is working with the University of Tsukuba, and Carnegie Mellon University is partnering with Keio University, according to The White House. The research is being funded by several U.S. companies — NVIDIA, Arm, Amazon and Microsoft — and a consortium of Japanese companies. EU Digital Official Calls for 'Universal Governance' of AI
Margrethe Vestager, a European Commission EVP focused on digital technology and competition, said the world needs to “invest in universal governance of AI.” She made the remarks in a speech at the Institute for Advanced Study in Princeton, New Jersey. “We will need to find ways for the whole world to come on board, including those we fundamentally disagree with,” she said, comparing the current AI period to the Cold War — when nations came together to “set limits to nuclear proliferation.” Vestager added that “just like in Oppenheimer's time,” when technology has “the power to both serve and destroy us, how do we channel its development?”Texas Using AI to Help Grade Standardized Tests
The Texas Education Agency is planning to use AI to auto-score written answers submitted by students who take State of Texas Assessment of Academic Readiness tests on reading, writing, science and social studies, according to The Texas Tribune. The state reportedly expects to save over $15 million using AI, “reducing the number of human graders.”
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Samsung Adding Languages to Galaxy AI
Suwon-si, South Korea-based Samsung is introducing three new languages to Galaxy AI — Arabic, Indonesian and Russian — and three dialects — Australian English, Cantonese and Canadian French. The languages will be available in late April. Samsung also plans to add four more languages later this year — Romanian, Turkish, Dutch and Swedish — and two more dialects: traditional Chinese and European Portuguese.Google Rolling Out AI Editing Tools to All Photos Users
Mountain View, California-based Google is providing several AI editing tools — such as Magic Eraser, Photo Unblur and Portrait light — to all users of Google Photos, including those without a subscription. The tools will be gradually rolled out to all users starting on May 15. Emarsys Testing AI Product Finder
Vienna-based Emarsys, part of SAP, is piloting its AI Product Finder, a tool to help marketers search a brand’s product catalog and incorporate the most suitable products into email campaigns. The company developed the product in response to “a significant rise in consumer demand for AI in commerce.”Toyota Ventures Raises $150M Fund for 'Frontier' Tech
Los Altos, California-based Toyota Ventures, the early stage venture capital arm of Toyota, raised $150 million for its Toyota Ventures Frontier Fund II. The fund will focus on startups at the “cutting edge of deep technology,” such as AI, robotics, mobility, cloud and quantum computing, with a focus on expanding Toyota Ventures' international presence. It brings the firm’s total assets under management to over $800 million.FloQast Secures $100M
Los Angeles-based FloQast, an AI-enabled accounting operations platform, closed its $100-million Series E financing round. FloQast, founded in 2013, will use the funds on workflow R&D, AI innovations and global expansion. The company names Snowflake, Zoom and Okta as users.
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