Elon Musk [Tech Billionaire] Seeks Funding

Tech billionaire Elon Musk seeks $4 BILLION to compete with OpenAI; the AI start-up he left and sued (emphasis on SUED).

Elon Musk’s AI startup, X.AI Corp., is aiming to secure massive investments in a deal that could value the company at $18 billion.

Confidential materials distributed to potential investors reveal that xAI is considering a funding round of $3 billion to $4 billion. The pitch deck highlights Musk’s track record at Tesla and SpaceX, and emphasizes xAI’s advantage of accessing high-quality data from Musk’s social network X. xAI intends to compete with well-funded businesses like OpenAI in developing large language models for AI chatbots.

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Ansys releases AI-powered virtual assistant AnsysGPT

Ansys, a leading engineering simulation software company, has launched AnsysGPT, an AI-powered virtual assistant built using ChatGPT technology to provide rapid, 24/7 customer support.

  • AnsysGPT combines the expertise of Ansys engineers with AI to deliver a general-use tool that can answer complex engineering questions within seconds through a secure, easy-to-use interface.
  • The updated release includes an expanded knowledge base capturing information from product documentation, FAQs, technical marketing materials, and public Ansys Learning Forum discussions.
  • Enhanced infrastructure in AnsysGPT offers improved security, scalability, response accuracy, performance, and data compliance to accommodate thousands of users and provide accurate answers to their engineering queries.

DuckDuckGo launches a new subscription to bundle VPN and identity theft protection

Privacy-focused tech company DuckDuckGo introduces a comprehensive $9.99/month subscription service called Privacy Pro, currently available only in the U.S.

  • The Privacy Pro plan includes a VPN service that uses the WireGuard protocol to protect user identity and prevent ISP snooping.
  • DuckDuckGo’s personal information removal service scans data broker sites to find and remove user details like name and address.
  • Identity theft restoration is part of the package, providing users with an advisor to help recover identity-related losses, fix credit reports, and replace important documents.

​TikTok may add AI avatars that can make ads

TikTok is reportedly developing virtual AI influencers that can promote and sell products, potentially competing with human creators on the platform.

  • The AI avatars will be able to read ad scripts generated by advertisers or sellers on TikTok Shop, though the feature is not live yet and details may change.
  • It remains unclear how TikTok will manage sponsorship revenue sharing between virtual and human influencers to avoid taking brand deals away from creators who rely on them for income.
  • TikTok has previously experimented with AI features like a Song Generator using large language models and has labeled AI-generated filters and effects.

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