Cryptocurrency miners win AI gold rush

Welcome back to The Prompt.

AI is now helping humans correct AI output. OpenAI has trained a new GPT-4-based model called CriticalGPT to find errors in the code produced by ChatGPT. As generative AI models advance and their errors become more subtle, models like CriticGPT could help humans train the systems more efficiently by finding more problems. Like other AI systems, CriticGPT isn’t completely accurate, but humans who use the tool to train AI outperform others by 60%.

Now let’s move on to the titles.

POLITICS + ELECTIONS

AI popular chatbot like Microsoft Copilot and OpenAI’s ChatGPT regurgitated disinformation on the presidential debate between President Joe Biden and former President Donald Trump on Thursday, NBC News reported. Responses produced by the Chatbots Repeated False Claims from a conservative writer’s post that there was a delay in CNN’s broadcast of the debate that was used to edit out parts of the debate footage before it reached the public. CNN denied the claims.

DATA DILEMMAS

AI Research Startup Perplexity increasingly cites AI-generated blogs as sources and social media posts, which contain imprecise and contradictory information, Forbes has learned. The startup is extracting data from Artificial Intelligence Generated Materials on a wide variety of topics including travel, politics, sports, and medical information. In some cases, the answers generated by Perplexity’s search engine also reflected the inconsistencies prevalent in AI-generated sources, a study by AI content discovery platform GPTZero found. Perplexity Chief Business Officer Dmitri Shevelenko said in an emailed statement to Forbes that its system is “not flawless” and that it is continually refining its processes to identify high-quality sources.

In the meantime, Amazon is investigating Perplexity to assess whether the startup violated its terms of service by scraping websites even after developers attempted to prevent it, according to WiredThe investigation continues Wired discovered that a web crawler affiliated with the company had ignored a common web standard that allows entities to indicate which websites should not be scraped. Perplexity spokeswoman Sara Platnick said that the company’s web crawler, PerplexityBot, had complied with the web standard and had not violated its terms of service.

Additionally, Quora’s Poe chatbot lets users download paid news article files, Wired reported.

TALENT SHUFFLING

In an effort to bolster its general artificial intelligence team, Amazon has hired the co-founders and some employees of Skilled, a startup that is developing AI agents that perform various computing tasks. As part of the deal, Amazon license the two-year-old startup’s technologiesAI models and datasets, the company She said. Adept has raised over $400 million in funding from backers including General Catalyst and Greylock and is valued at over $1 billion. The deal mirrors a similar partnership struck by Microsoftwhich in March took over the majority InflectionThe startup’s employees and CEO Mustafa Suleyman will head the consumer AI division.

AI DEAL OF THE WEEK

VC firm Benchmark is raising $425 million for its 11th fund to back early-stage AI startups, Forbes learned. The firm’s five partners, Peter Fenton, Eric Vishria, and Chetan Puttagunta, Sarah Tavel, and Victor Lazarte, plan to invest in AI companies in their areas of expertise, such as consumer technology and cloud computing. The investment firm has already backed a number of AI startups, including AI agent startup Sierra and video generation company HeyGen.

DEEP IMMERSION

Cryptocurrency miners are leveraging their advanced equipment and cheap energy for the burgeoning artificial intelligence industry.

ILLUSTRATION BY EMILY SCHERER FOR FORBES; GETTY IMAGES

Energy has become the hottest commodity in the world of AI. Take cloud computing provider CoreWeave, which earlier this month signed a $3.5 billion deal with Core Scientific. The deal calls for CoreWeave to pay $290 million annually for 12 years to house AI-related computing hardware at its Austin facility bitcoin minerdata centers. CoreWeave will also cover all related capital expenditures.

The deal was so good that Core Scientific shares doubled to $10 by early June, leading some observers to see the company as a new “pickaxes and shovels” play for AI. On June 26, CoreWeave announced a second contract for additional infrastructure, which is expected to bring Core Scientific $1.2 billion in revenue over the next few years. Core Scientific emerged from bankruptcy in January and is one of the largest bitcoin miners in North America.

The growing demand for High-powered computing is driven by the energy needed for AI applications like ChatGPT, whose queries require 10 times the electricity of traditional Google searches. That’s a boon for companies like Core Scientific, which have access to low-cost power in states like Texas and North Dakota. Having enough power is critical when you consider that building and connecting new data centers to the grid can take up to six years, according to research center Lawrence Berkeley National Laboratory.

“The demand is insatiable,” says Adam Sullivan, CEO of Core Scientific. “If we just executed what we have in our current contracting power, we would be one of the top 10 data center companies in the U.S.”

Thanks to the boom in artificial intelligence, data center energy demand could reach 9 percent of U.S. energy production by 2030, more than double current consumption, according to the Electric Power Research Institute.

A shift to AI operations for those with available infrastructure and power capacity offers potentially compelling benefits. By replacing bitcoin’s volatility with more stable revenue from AI computing, miners can benefit from predictable budgets funded by established customers. This also helps miners increase revenue to afford the high capital investment needed to stay competitive with new mining equipment, Morgan Stanley analysts concluded in a report from April.

Read the full article in Forbes.

YOUR WEEKLY DEMO

Universal NBC will use a AI-generated clone of iconic American sportscaster Al Michaels‘ voice offer daily summaries of the 2024 Paris Olympicsthe company said. The synthetic voice, trained on Michael’s past NBC broadcasts, will be used to deliver personalized game coverage through the app. Viewers can choose the sports and topics they’re interested in seeing highlights of, and the AI-generated voice can render 7 million different versions of summaries, resulting in 5,000 hours of live coverage of the event.

INDEX AI

976

AI-generated news and information websites identified by disinformation tracking site News from NewsGuard.

54

According to the report, Google News is aggregating AI-generated content sources.

43

Of these, AI-generated news sites derive revenue from programmatic advertising.

QUIZ

This semiconductor technology company uses light-based chips to help meet the growing power demands of AI for data centers:

1. Intel
2. Qualcomm
3. SAMSUNG
4. TSMC

Check if you understood correctly Here.

MODEL BEHAVIOUR

Toys ‘R’ Us released an ad made almost entirely with OpenAI’s text-to-video AI tool, Sora, to mixed reviews from viewers. (Sora created 80 percent of the ad, and post-production teams edited the video to add the finishing touches.) The ad depicts the company’s late founder, Charles Lazarus, as a young boy dreaming of a toy store. People were quick to point out that the the boy’s appearance changes during the video AND objects continue to melt one into the other. On social media, people characterized the ad as “lame,” “empty” AND “like a strange dream.”

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