OpenAI Ireland Limited

PLUS: AI Will Drive $1 Trillion, Intel’s New AI Division

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

  • OpenAI strategically shifts EU data control to Ireland

  • IDC forecasts a staggering $1 trillion surge in global productivity by 2026

  • Intel launched Articul8 AI, an independent company dedicated to advancing gen AI tools

  • New tools, funding updates & job postings

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📚 Resources

AI in the workplace: Predicting the unpredictable (link)

What the New York Times’ copyright suit means for AI (link)

Understanding the instant payment fraud challenge for banks (link)

These are the largest NYC tech startup funding rounds of 2023 (link)

Meet 5 workers who quit their jobs to work in AI — and find out how they pivoted into tech's hottest field (link)

P.S. You can still get The Ultimate ChatGPT Toolkit (no email opt-in).

🗞️ News 

OpenAI shifts EU data control to Ireland

OpenAI is moving its data controller for European users from its US entity to a new subsidiary called OpenAI Ireland Limited, located in Dublin.

This is likely an attempt to gain "main establishment" status under the EU's GDPR, which would allow OpenAI to face privacy oversight primarily from Ireland's data protection authority.

AI will drive $1 trillion

International Data Corporation (IDC) predicts that the use of generative AI (GenAI) to develop skills and drive productivity gains will result in $1 trillion in increased productivity worldwide by 2026.

Over 50% of organizations surveyed by IDC are focusing GenAI efforts on improving productivity in functions like sales, IT, and finance. However, IDC expects the focus to shift to using GenAI to enable revenue growth over the next 3-5 years.

Intel’s new AI division

Intel is spinning out its AI software division into a new independent company called Articul8 AI. Articul8 AI will be backed by investments from DigitalBridge Group and other investors including Fin Capital and Mindset Ventures.

The new company will focus on developing generative AI tools that can read text and images while addressing customer concerns around data privacy, and security.

Daily AI Challenge

A medical institution wants to implement AI for analyzing patient data and improving diagnosis accuracy. What is the biggest ethical concern to address with this application?

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💰 Funding

Robin AI secures $26M in Series B funding for its AI-powered legal copilot (link)

Tameed secures $15M in Series A funding led by Alromaih Group to develop its crowdfunding platform (link)

💼 Job Board

Director of Sales Engineering at OctoML (Remote)

Senior Sales Engineer at OctoML (Remote)

🤖 Prompt Tutorial

Acceptance Letters

Write an acceptance letter to a job offer extended for the position of [insert position] in [company]. Make it simple, and concise.

Company = [Insert here]

Job Role = [Insert here]

That’s all.

Stay curious, leaders!

- Mr. Prompts

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

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