Fairness benchmark

Plus: Weekly funding roundup

September 01, 2023

Hey there, 

New data suggests the boom in AI isn’t enough to keep the tech industry afloat. The US venture funding fell by almost half in Q2 2023, despite a 65% increase to $3.3B in generative AI investments.

In today’s edition:

📰 News: Fairness benchmark by Meta

🛠️ Tools: Customer support using ChatGPT

🎲 Misc: Funding Friday

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 Big Tech

Fairness benchmark by Meta

Meta released a new AI benchmark, FACET to assess the “fairness” of AI models used in the classification and detection of objects in images and videos, including individuals.

Image classification models often have deep biases and stereotypes towards gender, demographics, occupation etc. FACET’s dataset contains images of 50,000 people in 32,000 images, each manually labelled by human annotators to identify demographic and physical attributes like skin tone, tattoos, hairstyle etc.

FACET benchmark can help developers understand the extent of biases and stereotypes present in their AI models.

 Startups

Guide to using ChatGPT in classroom

OpenAI released a guide for teachers to use ChatGPT in their classrooms, including suggested prompts, its limitations and bias.

ChatGPT can help design lesson plans, create effective explanations and analogies, build quizzes and tests and create role-playing challenging conversations.

Leverage AI Tools

  • Customer Support with AI:  ParrotChat Leverage ChatGPT and respond to any inquiries with a customized chatbot that learns from your content with integrations with Shopify, Wordpress, and more.

  • Checklist Generator:  ChecklistGenerator uses AI to create a custom checklist template for any process, from accounting to construction and consulting.

  • Create interactive content: Meiro helps you craft interactive content with ease - create tests, quizzes, and text games in minutes.

Funding Friday

  • Portkey.ai: $3M in Seed Funding to Accelerate Development of Generative AI Apps.

  • Intuition Robotics: $25M to expand eldercare robotics

  • Voxel: $12M to enhance workplace safety using computer vision technology.

  • QuantHealth: $15M in series A funding to enhance drug development processes.

  • BeFake: $3M in seed funding for its innovative fusion of AI technology with social networking concepts, to create a new kind of social network experience.

  • Speak: $16M to expand the english language learning platform into new markets, including the U.S..

  • The Martian Lawyers Club (MLC): $2.2M pre-seed to redefine the gaming experience through AI-powered advancements.

  • AI21 Labs: $155M in a series C funding to enhance various aspects of text-based communication and content creation.

  • Praso: $9.3M in a series A funding round to support its distribution platform for small retailers.