TechCrunch Summary (2023-05-11 06AM)

Source: Writer introduces product that could help reduce hallucinated content in its LLMs

Summary
Generative AI writing platform, Writer, has launched Knowledge Graph in public beta, designed to help mitigate the hallucination problem that occurs when the model doesn’t know the answer, generating incorrect content. Knowledge Graph acts as a kind of content validator, interrogating content against generated materials and suggesting alternatives. Knowledge Graph is a structured representation of information stored in graph format, which is connected to content sources and integrates an LLM to increase efficiency.

Fact
💡 Knowledge Graph verifies generated content against structured source material.
💼 It highlights content requiring fact-checking whilst suggesting replacement statements
📈 It connects directly to the organization’s content sources or customers can manually include content
👨‍💼 It displays the source of suggested content for human employees to accept or reject it
🔒 Large companies can thus maintain their own content integrity and build external LLMs that the Knowledge Graph connects to.

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Source: Making foundation models accessible: The battle between closed and open source AI

Summary
Foundation models are a significant step forward in AI technology, changing the way we interact with computers and data. As the ethical implications of AI come to the fore, the question of who controls these models and how they are built has become a key talking point. Open-sourcing the technology is an increasingly popular solution, but the cost of building and managing the models remains a significant hurdle.

Fact

🤖 Foundation models are becoming increasingly capable, changing the way we interface with computers and data.

📉 The open-sourcing of Stable Diffusion by Stability AI is putting control in the hands of the masses vs. select companies, challenging the current paradigm of closed-source AI systems.

💰 The biggest obstacle to open-sourcing foundation models is the cost involved, requiring tens of millions of dollars to properly run and manage.

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Source: Crikey! Only 48 hours left to save $800 on passes to Disrupt

Summary
Buy your General Admission, Founder or Investor pass by May 15 and save up to $800 for TechCrunch Disrupt 2023 in San Francisco. You’ll have access to 200 curated startups at Startup Battlefield 200 and hear from tech leaders, CEOs, VCs and industry experts across eight stages.

Fact

💰 Attendees can save up to $800 on passes.

🌎 Over 10,000 people from the global startup community will be attending.

🚀 200 curated startups will be showcasing at Startup Battlefield 200.

📱 An event app will help attendees connect and schedule.

💡 Six new industry stages will be added this year.

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Source: Study says App Store revenue of small developers grew by 71% in last two years

Summary
Apple announced in a study that the revenue of small developers on the App Store rose by 71% from 2020 to 2022. The study aimed to demonstrate the company’s efforts to help small businesses and developers. However, the tech giant is also facing regulatory pressure to open iOS to other app stores and address its app distribution practices.

Fact

💸 Small developers’ revenue on the App Store soared by 71% from 2020 to 2022.

📈 40% of developers who earned more than $1 million in 2022 were not on the App Store or had less than $10k in earnings just five years ago.

🗺️ The App Store is available in 175 countries, and 40% of app downloads from small businesses came from outside their home region.

🌏 25% of small developers who joined the App Store ecosystem were from European countries.

🌐 90% of developers on the App Store were small developers in 2022.

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