Artificial Intelligence leads industry gold rush, DeepMind is building chatbot to rival ChatGPT and more

Our daily TLDR of important AI stories you must know about.

DeepMind’s AlphaGo-powered chatbot will rival ChatGPT, says CEO Demis Hassabis

Google’s AI research lab is working on a new project called Gemini, which will use techniques pioneered with AlphaGo.

• Google’s Artificial Intelligence (AI) research labs, DeepMind, is working on a new chatbot that will rival ChatGPT, says the company’s CEO Demis Hassabis. In an interview with Wired, Hassabis says that the company is applying techniques it pioneered for AlphaGo, a programme that made headlines for defeating world champions in the board game Go.
• If things go well, the team’s experience with reinforcement learning and building systems such as AlphaGo will help them create a model that can potentially be capable of planning and solving problems.

Booking.com to launch trip planner partially powered by tech behind ChatGPT

The feature, which will be available from Wednesday, would also rely on Booking’s existing machine learning models to provide destination and accommodation options.

• Booking.com said on Tuesday it would test a trip planner, partially powered by ChatGPT’s large language model, on its travel booking app that would allow select travellers in the U.S. to pose queries and create itineraries.
• Booking’s rival Expedia in April also launched a test version of its new in-app travel planning experience powered by ChatGPT where members can converse with the feature and get recommendations on places to visit.

AI frenzy draws hordes to private markets in industry gold rush

AI and machine learning have remained the most in-demand sectors every month this year, accounting for 25 percent to 30 percent of investor interest, according to EquityZen Securities Inc., a marketplace for privately held shares.

• On Rainmaker Securities, a platform that facilitates secondary stock transactions for private businesses, investors are paying up for shares of companies like OpenAI and Anthropic, startups that are seen as leading the pack in AI.
• Rainmaker’s co-founder Glen Anderson noted that the number of buyers is outstripping those looking to sell, pushing prices well above earlier funding rounds. Anthropic bidders are willing to pay as much as a 25 percent premium to its recent round, while OpenAI bids are into the $80s from what he believes was an earlier round priced at $67, he said.