$2 billion AI investment

PLUS: OpenAI + Shutterstock 4ever?


Good morning, human brains. Welcome back to your daily munch of AI news.

Here’s what’s on the menu today:

  • Google slapped with data theft lawsuit ⚖️

    The class action suite alleges millions of Americans have allegedly had their data stolen to train Google’s AI.

  • KPMG x Microsoft: a $2 billion AI investment 🤑

    KPMG floors the AI pedal.

  • Shutterstock and OpenAI continue to be the weird couple 🧑‍🤝‍🧑 

    They’ve extended their controversial partnership.


Google sued for AI training data theft ⚖️

The suit has its legal crosshairs aimed not only at Google but also at its parent company Alphabet, as well as its AI offshoot, DeepMind.

Wait, does that make DeepMind Alphabet’s grandchild?

Google already updated their privacy policy earlier this month. This allows grants them publicly accessible info to train their AI bots — but how long is that trick going to work?

Hmmm, convenient timing on that policy update, Google, especially with ChatGPT’s copyright legal issues…

Our take: This copyright & data thing has really become the elephant in the room, a powder keg, pick your favorite metaphor. But it does seem like it’s coming to a head — we just don’t know when.

Errr, sir, don’t you think you’ve had enough data scraping for one night?


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KPMG invests $2 billion in AI, partners with Microsoft 💾 

KPMG is going all-in on the AI and cloud services game. They’re investing a whopping $2 billion over the next five years.

Yep, you read that right… two billion Benjamins.

Source: KPMG

They've teamed up with Microsoft in an expanded partnership, proving that even accounting firms want a piece of the high-tech action.

The company plans to automate its tax, audit, and consulting services. Go faster, make more money, that type of thing.

This ambitious move is expected to rake in over $12 billion in revenue for KPMG within the next five years.

With an annual revenue of almost $35 billion, the gain would account for a 7% increase in KPMG's global earnings.

Our take: With rival companies like PwC announcing $1B investment in AI in April, it's no surprise that KPMG have followed suit. The hook-up with Microsoft is also noteworthy, seeing as though PwC made the same collab in April.

Microsoft, everyone’s go-to-dealer. Definitely didn’t have that on our Bingo card this time last year.


Content Scraping

Using software to automatically extract text and images from the web, usually without explicit permission.

The practice has been notorious in every corner of software, ranging from sales enablement tools, apps that run on top of popular social media platforms, and AI-powered tweet writing services.

And LLM’s, of course — but hey, plausible deniability.


Shutterstock and OpenAI extend unlikely partnership 🤝

Shutterstock has been generously lending its images to train OpenAI's DALL-E model since 2021.

“The renewal and significant expansion of our strategic partnership with OpenAI reinforces Shutterstock’s commitment to driving AI tech innovation and positions us as the data and distribution partner of choice for industry leaders in generative AI,”

Shutterstock CEO Paul Hennessy

You only need to glance at AI and the art community history to see the relationship is pretty sour, but these two lovebirds are bucking the trend.

Getty Images and independent artists sued the creators of Stability AI on two separate occasions in January and June for unlawful use of their images.

Our take: Shutterstock: “if you can’t beat ‘em, join ‘em.” This might be a great strategic move — instead of waiting for OpenAI and others to scrape them without permission, partnering means Shutterstock has a say in how it goes down and gets a cut of the deal. In return, OpenAI gets a massive dataset and derisks future litigation. Win-win.



Think Pieces

“AI is making politics easier, cheaper and more dangerous” — deepfakes have been an issue in politics for years, and AI isn't helping.

AI scam artists are using impersonated voices — who says all criminals are dumb?

A predictive model can recognize patterns of negative thinking — the model was also successful at predicting depression in real patients.

Startup News

Voice cloning startup raises $8m — Resemble AI has raised a Series A round led by Javelin Venture Partners, Craft Ventures and Ubiquity Ventures.


Artificial intelligence tool to detect melanoma — University of Malaga (UMA) has created an AI tool to improve the accuracy of detecting melanoma

Prolific raises $32M to train AI models — Prolific plans to use its network of 120K people to train and test AI models.

AI pinpoints cognitive impairment from retina images — the LLM was devised to distinguish between normal and mild cognitive impairment.


Otter AI — an advanced transcription service that uses AI to provide accurate transcriptions of live meetings.

Illustroke — create stunning and unique illustrations from your text prompts

Ocoya — an AI-powered, social media platform that helps business with their social media posting


Brace yourselves, they’re coming!

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Until next time 🤖😋🧠

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