The 5th annual AI Innovation Awards nominees have been announced by VentureBeat and will be presented during the VB Transform event on July 12 in San Francisco. The awards will recognize enterprise, innovative, visionary, and inclusivity initiatives in the realm of generative AI. Nominees were selected based on daily editorial coverage and the expertise of the nominating committee, which includes industry leaders from companies such as Databricks, Autodesk, and Capital One.

ChatGPT, the world's most popular chatbot, experienced a 9.7% decrease in traffic in June compared to May, marking its first monthly decline since its launch. In the US, the decline was even more significant at 10.3%. Despite this, ChatGPT remains one of the most popular websites in the world, with over 1.5 billion monthly visitors.

The US military is testing five large language models (LLMs) of generative AI to see if they can be used to plan responses to potential global conflicts or provide faster access to internal information. The tests are being conducted by the digital and AI office at the Pentagon and involve giving the LLMs classified operational information to generate responses on real-world matters.

Video game studios are turning to generative AI to automate tedious aspects of game design, such as NPC dialogue and in-game renderings, in order to speed up development and focus on more important elements. Generative AI uses prompts to create new content, ranging from simple sentences to complex works of art, by learning from a large amount of data.

Generative AI startup SuperSight has secured $1 million in pre-seed funding from investors including Blockchain Founders Fund and Vayner Fund. The London-based firm will use the funds to develop vertical-specific foundational models, which will be tailored for crypto data. SuperSight's platform enables users to access information from a range of on-chain and off-chain sources, including Discord, Telegram, Twitter, Mirror, Podcast Transcripts, and News, and uses AI to improve the search experience.

June 29 (Cointime) - San Francisco-based generative AI platform Typeface has raised $100 million in a Series B funding round led by Salesforce Ventures, with participation from Lightspeed Venture Partners, Madrona, Google Ventures, Menlo Ventures, and Microsoft's M12 venture fund.

June 23 (Cointime) - Amazon Web Services (AWS) has launched a $100 million fund to support startups focused on generative AI, a subset of artificial intelligence that can create new content instead of just classifying data or predicting outcomes.

June 21 (Cointime) - The a16z infrastructure team has been building projects around new software infrastructure technologies, such as generative AI, to better understand the field. They have created a "getting started with AI" template that includes components such as auth, app logic, vector databases, LLM orchestration, image and text models, and deployment.

June 21 (Cointime) - German tabloid company Bild, owned by Axel Springer SE, is set to replace around 200 editorial staff with artificial intelligence and automated processes as part of a move towards digital journalism.

June 15 (Cointime) - According to a report by McKinsey, the rise of generative AI applications such as ChatGPT and Stable Diffusion could lead to an economic revolution, potentially adding $4.4 trillion to the global economy annually. This branch of AI focuses on creating new content based on pre-trained data and has a wide range of use cases, from medical diagnosis to artistic creations.