Microsoft's Position On OpenAI's Board

PLUS: SDXL's Superfast AI images, ElevenLab Is Helping Startups

Dear industry leader, here’s your 3-minute recap (without the fluff):

  • Microsoft secures a non-voting observer seat on OpenAI's board

  • Stable Diffusion XL Turbo AI generates images in real-time, sacrificing some detail for unparalleled speed

  • ElevenLabs is offering access to its text-to-speech tech for companies with fewer than 25 employees

  • New tools, funding updates & job postings

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🗞️ News 

Microsoft is a board member of OpenAI

Microsoft, a major investor in OpenAI, will now have a non-voting observer seat on the nonprofit board that controls OpenAI. The new board consists of Bret Taylor as chair, Larry Summers, and Adam D'Angelo, the only remaining member from the previous board.

This move is to gain more visibility into the company's inner workings and to help ensure that OpenAI's technology is developed and used safely and responsibly.

Generate AI images as fast as you can type

The Stable Diffusion XL Turbo AI model from Stability AI can generate images extremely quickly, potentially in real-time. It achieves this through a technique called Adversarial Diffusion Distillation that allows it to create images in a single step, much faster than previous models.

While the images may not be as detailed as those generated over more steps, for speed the results are impressive.

ElevenLabs’ program to help early-stage companies

ElevenLabs has launched a grants program to provide early-stage companies access to their text-to-speech technology for integrating human-like AI voices into their products. This aims to help startups explore AI voice tools with no upfront costs. To qualify, companies must have fewer than 25 employees and describe how they will use AI voices.

💰 Funding

Together lands a $102.5M investment to grow its cloud for training generative AI (link)

Cloudsmith secures $11M Series A2 for supply chain management software (link)

💼 Job Board

Sr. Account Manager at Amazon Web Services (US)

Specialist Solutions Architect at Databricks (Remote)

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PS. If you missed yesterday’s issue, you can find it here.

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