Top stories today:

1. Team Copilot, AI agents, introduced by Microsoft
2. Phi-3-vision, open-source 4.2B language model, released
3. Microsoft Edge to offer real-time video translation on sites like YouTube
4. Google to include ads inside AI summaries
5. Scale AI raises $1B at $13.8B, led by Accel

0. Data and calendar

1. Team Copilot introduced by Microsoft: AI agent to book meetings, manage projects

• Copilot will be able to be added into chats to answer questions, as project managers to assign tasks and track deadlines, and into meetings to take notes and manage the agenda.

• Similar tools already exist (such as Fathom AI), but Microsoft’s bundling and cross-app integration may be very beneficial, especially for enterprise.

• “Later this year”: expected availability.

• Microsoft is also testing custom Copilot AI agents to automate specific tasks, such as data entry.

• Other announcements here.

2. Phi-3-vision, open-source 4.2B language model, released, claimed to be #1 of category

• Only loses to GPT-4, which is closed-source and larger, according to the above chart released by Microsoft.

The Phi 3 SLMs (the non-vision models), released in April, had already outperformed all other SLMs

4. Microsoft Edge to offer real-time video translation on sites like YouTube

• Currently supports the translation of Spanish to English and of English to German, Hindi, Italian, Russian, and Spanish.

• Available “soon.”

5. Google to include ads inside AI summaries

Starting soon in the U.S.:

Google is also introducing Virtual Try-On on the Sponsored section of Shopping Ads

7. Scale AI raises $1B at $13.8B, led by Accel

It remains the #5 most valuable generative AI startup:

Other AI fundraising news

• Humane AI looking to sell itself for $750M - $1B.

• Snowflake’s talks to acquire Reka AI don’t advance.

• New French startup H raises $220M for “full-AGI.”

• Suno raises $125M at $500M for AI music creation.

8. 51% of swing state voters support TikTok ban, 33% oppose it

• Poll surveyed “4,962 registered voters in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin.”

9. Interesting videos, posts, and memes

10. Other headlines

AI

• GitHub Copilot gets extensions.

• AWS says it's buying both older and newer NVIDIA GPUs.

• Anthropic team claims progress in understand black box behind LLMs.

• 2nd global AI safety summit gets security pledges from top companies.

• Khanmigo AI to be free for K-12 teachers after Microsoft partnership.

Tech

• Raspberry Pi confirms London IPO, eyeing June, ~$0.6B valuation.

• Microsoft partners with Meta Quest to bring ‘Volumetric Apps.’

• TikTok plays layoffs in operations, marketing.

Tech & law

• Apple asks judge to dismiss antitrust lawsuit.

Biotech

• LabGenius, drug discovery biotech, raises $45M.

• Aubrey de Grey, Peter Fedichev set to debate aging on Mon at 8 PM ET.

Business

• BHP has until 12 PM ET to announce firm bid for Anglo American.

• Fed’s Collins, Mester want more data before rate cuts.

• Boeing 777 Singapore Air flight leaves 1 dead after severe turbulence.

• Japan’s 10-year bond yield hits 11-year high of 1.0%.

Crypto

• Farcaster, blockchain social network, raises $150M at likely $1B+ valuation.

• Trump now accepts crypto donations.

• Ethereum ETF proposal from Grayscale sees staking removed.

• FTX former exec Ryan Salame should serve 5-7 years: prosecutors.

U.S. politics

• Trump ends defense without testifying.

• Mar-a-Lago raid included authorization for “deadly use of force.”

• Fani Willis, judge presiding Trump’s GA case win primaries.

World

• Saudi Arabia wants Israel to recognize Palestinian state before deal.

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