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Meta scraped every Australian user's account

Plus: OpenAI’s new model Strawberry to launch

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Cash Nut
September 11, 2024

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Glean Doubles Valuation to $4.6B in Less Than Seven Months 

Glean, an AI-enhanced work assistant and enterprise search startup, recently raised over $260 million in Series E funding at a $4.6 billion valuation, just months after a previous funding round. The Palo Alto-based company, founded by former Google engineers, offers a generative AI search tool that connects with enterprise applications and databases and has introduced new features for workflow automation and integrations with Zendesk and Salesforce Service Cloud. Glean has seen significant growth, tripling its annual recurring revenue in the past year. It has raised a total of $620 million since its founding in 2019.

OpenAI will release a new reasoning-focused AI model called "Strawberry" for ChatGPT within the next two weeks, as reported by The Information. Unlike previous models, Strawberry will think before responding, with processing times lasting 10 to 20 seconds, and will initially only handle text inputs. This new model aims to solve more complex problems by conducting "deep research" and will complement OpenAI’s existing advanced models, boosting the company's significant growth since the launch of ChatGPT.

Meta's global privacy director admitted that Meta scrapes photos and texts from all public Facebook and Instagram posts from Australian users since 2007 to train its AI technology. Unlike the European Union, Australian users do not have an opt-out option from data collection for AI training, which Meta attributes to the lack of specific privacy regulations in Australia. Meta does not scrape data from users under 18 but collects information if shared on accounts managed by their parents or guardians, indicating a gap in data protection for minors.

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Other News

  • Mistral has launched Pixtral 12B, a 12-billion-parameter multimodal model capable of processing both images and text, making it the company's first such model.

  • Sergey Brin, Google's cofounder, believes that the company's engineers are not using artificial intelligence for coding as frequently as they should.

  • Two former Samsung executives, Choi and Oh, were arrested for allegedly aiding China with stolen Samsung technology to build a chip factory, according to South Korean authorities.

  • Russia to invest over half a billion US dollars in its battle against VPN usage.

  • Reflection 70B launch mired in controversy as third-party benchmarks disappoint.

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💡What else are we reading and seeing?

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