🤝 AI Giants Collaborate with U.S. Government

Together with

In today's email

1. 🤝 AI Giants Collaborate with U.S. Government

2. 🔢 By the Numbers

3. 🏈 SportsLine AI Predicts NFL Matchups with Advanced Analytics

4. 🤯  Quick Takes

Read Time: 5 Minutes

Together with Masterworks

How Masterworks aims to beat the art market

It's no secret that contemporary art prices have outpaced the S&P 500 by 64% over the last 28 years, appreciating at a compound rate of 11.5% per year during that time (‘95-’23). But for Masterworks, an investment platform focused solely on contemporary art, keeping pace isn’t enough. 

It wants to beat the market.

How are they attempting this you might ask? By buying works of art in artist markets with positive trends. It’s value investing 101. The Acquisitions and Research team is world-class, with decades of experience in the art and financial markets, powered by a proprietary database that aims to track historical artist market appreciation. 

Few, if any, players in this untapped $2.1 trillion market (UHNW art/collectible wealth as of ‘23) have the qualitative and quantitative investing capabilities that Masterworks has.

So far, the Masterworks team has been successful, completing 23 exits out of over 400 offerings, each of them individually profitable. With 3 illustrative sales, Masterworks investors realized net annualized returns of 17.6%, 17.8%, and 21.5%.

In the Know​

AI Giants Collaborate with U.S. Government on Safety Research

OpenAI and Anthropic have entered into agreements with the U.S. government to offer their advanced AI models for testing and safety research, marking a significant step in ensuring the responsible development of AI technologies.

Key Points

• Partnership for Safety: The U.S. AI Safety Institute (AISI) will gain early access to OpenAI and Anthropic’s AI models for evaluation before and after public release.

• Memorandum of Understanding: These non-binding agreements enable the AISI to assess the models’ capabilities, identify potential risks, and work on mitigation strategies.

• Support from Tech Leaders: Both companies express strong support for the AISI’s mission to advance AI safety and responsible innovation.

• Collaborative Efforts: The AISI will also work with the UK AI Safety Institute to provide safety-related feedback and uphold global commitments to AI safety.

• Broader Impact: These collaborations come amid ongoing debates over AI regulation, with varying approaches from the U.S., E.U., and individual states like California.

The partnerships between OpenAI, Anthropic, and the U.S. government highlight the growing importance of safety in AI development. These efforts aim to set new benchmarks for responsible AI, balancing innovation with the need to protect society from potential risks.

By the Numbers

• The AI market is projected to expand by over 120% annually.

• 83% of companies consider AI a key focus in their strategic plans.

• AI market size is expected to reach $407 billion by 2027

• AI will have an estimated 21% net increase on the United States GDP by 2030

SportsLine AI Predicts NFL Matchups with Advanced Analytics

As the 2024 NFL season kicks off, SportsLine AI is at the forefront of game predictions, using cutting-edge artificial intelligence and machine learning to analyze matchups. For Week 1, SportsLine AI has generated predictions for all 16 games, including the Chicago Bears' home opener against the Tennessee Titans, where the Bears are favored by 4.5 points. This AI model continuously updates with the latest data, providing accurate predictions by evaluating each team's historical performance and the strength of their opponents' defenses. Last season, the AI PickBot was highly successful, offering valuable insights for bettors by identifying discrepancies in the betting lines. This season, it promises to be an essential tool for making informed NFL predictions.

Quick Takes

• Amazon Strengthens Robotics with Covariant Talent: Amazon has hired Covariant's founders and a quarter of its staff, along with securing a non-exclusive license to use the startup’s robotic foundation models. This move aims to enhance Amazon's robotic capabilities by integrating Covariant’s AI technology into its operations, while Covariant continues to operate independently under new leadership.

• Recording Academy’s Stance on AI in Music: Harvey Mason Jr., CEO of the Recording Academy, clarified that while AI can be used in the creative process, only humans can submit work for Grammy consideration. As AI becomes more integrated into music production, Mason emphasizes the need for fair practices that protect human creativity and ensure proper recognition and compensation for artists.

That’s all for Today!

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