🧠 Turnitin turns to AI

PLUS: Fourthline raises $54M for AI-based compliance

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Alan Buxbaum & Alex Valaitis
April 04, 2023

Good morning and welcome back! Big Brain here, ready to serve up the freshest and latest in AI news.

🔦 Today's AI spotlights:

  • Turnitin turns to AI

  • Is AI our nuclear option?

  • Fourthline raises $54M for AI-based compliance

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🔦 TURNITIN TURNS TO AI

Ever since the release of ChatGPT, plagiarism has been a central topic of discussion.

Luckily, college professors may have a reason to rejoice.

Turnitin is launching an AI detection tool called Originality. The tool aims to help educators detect material that is likely written by AI.

However, the solution may not be that simple.

Experts believe that the pace of AI technology’s progress will render any marketed solution obsolete.

Also, some are concerned about Originality lacking an "opt-out" feature as it’s rolled out.

Another question many are asking: Is this new feature a result of ed-tech opportunism or is it actually solving the problem at hand?

Regardless, Originality could mark the beginning of a new paradigm for plagiarism detection.

🔦 IS AI OUR NUCLEAR OPTION?

Last week has shown us that AI-doomsday-ers are alive and well.

But did you know that the CEO of OpenAI himself made nuclear weapon comparisons back in 2019?

Sam Altman compared his company's work on AI to the Manhattan Project. As most know, this project developed the first nuclear weapons during World War II.

Altman stated that the US' building of an atomic bomb had been a "project on the scale of OpenAI."

The CEO also acknowledged the risks of unbridled AI technology.

Regardless, Sam Altman is quite optimistic about the future growth of AI. He thinks that its potential for good far outweighs the risks.

🔦 FOURTHLINE RAISES $54M for AI-BASED COMPLIANCE

Another week, another investment in AI tooling.

Fourthline has raised $54M in an all-equity funding round (which was led by Finch Capital).

The funding will go towards developing its AI-based ID verification/AML compliance tools.

The company already vets millions of consumers annually. It also provides 200 types of checks, from ID authentication to sanction-list searches.

Fourthline has taken a different approach to most companies in the sector.

It uses proprietary data sets to build its tech from the ground up.

According to their CEO and co-founder Krik Gunning, this makes it easier to control and modify.

The firm says that it isn't considering building services beyond KYC, AML and ID verification. It also clarified its intentions to only use them within the financial sector.

📰 OTHER HEADLINES & STORIES

🛠️ AWESOME AI TOOLS

🖼️ AI ART PIECE

Pikachu with Thor’s hammer — by 蘇湛洋

🤖 CHATGPT PROMPT OF THE DAY

Well it’s been a good run OpenAI 😂 (via Reddit)

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