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Daily AI News

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🔴 Particle partners with reuters and gets $10.9M in funding

Using advanced AI technologies, including GPT-4o, Particle aims to deliver concise summaries of news stories. This feature is designed to help users grasp the main points of a story quickly, enhancing the consumption of news in today’s fast-paced environment.

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🔴 Mistral AI secures €600 million in series B funding to expand AI development

The recent funding round not only underscores the confidence of new investors but also the continued support from existing backers, including tech giants like Microsoft, Nvidia, and Salesforce Ventures.

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📣 Oracle $ORCL, Microsoft $MSFT, and OpenAl are partnering to extend the Microsoft Azure Al platform to Oracle Cloud Infrastructure (OCI) to provide additional capacity for OpenAl

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📣 Databricks Launches AI-Powered Business Intelligence Product

Databricks has launched an artificial intelligence (AI)-powered business intelligence (BI) product designed to enable anyone in an organization to access analytics and insights.

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📣 Samsung offers plan to speed up delivery of AI chips

Samsung Electronics said its contract manufacturing business plans to offer a one-stop shop for clients to get their AI chips made faster, integrating its global No. 1 memory chip, foundry, and chip packaging services, to harness the AI boom.

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📣 OpenAI Doubled Annualized Revenue in 6 Months

OpenAI reportedly more than doubled its annualized revenue over the last six months or so. The firm’s current annualized revenue is $3.4 billion, up from $1.6 billion in 2023, Bloomberg reported Wednesday (June 12), citing a paywalled article by The Information.

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Spotify launches in-house creative agency and tests generative AI ads

The newly formed Creative Lab will assist brands in developing custom marketing strategies, including the production of video and audio ads, digital in-app experiences, and interactive advertising formats like call-to-action (CTA) cards.

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📣 McDonalds is removing its AI drive-thru voice ordering system from over 100 restaurants after its mishaps went viral

McDonald's told franchise operators on Thursday that it is removing AI order-taking technology from over 100 drive-thrus, marking the end of a test period conducted with IBM. A McDonald's spokesperson confirmed the decision to Business Insider in a statement, saying customers were introduced to the technology in 2021 when McDonald's entered a global partnership with IBM.

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📣 Apple $AAPL will gradually roll out its new Apple Intelligence features over several months, seeking to avoid the pitfalls that have plagued other AI systems - Bloomberg

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Handling of India election-related queries by Meta and Google AI

With the conclusion of India's elections and the onset of the new government, Meta has lifted restrictions on election-related queries on its AI platforms, allowing users to freely search for information about election results, politicians, and officeholders.

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📣 Amazon Bedrock introduces Anthropic's Claude 3.5 Sonnet to customers, their most powerful AI model to date

Anthropic’s Claude 3.5 Sonnet, the newest addition to the state-of-the-art Claude family of AI models, is more intelligent and one-fifth of the price of Claude 3 Opus. Claude 3.5 Sonnet, the latest and most capable model from artificial intelligence (AI) safety and research company Anthropic, is generally available today in Amazon Bedrock as part of Anthropic’s Claude family of AI models. Amazon Bedrock offers the broadest selection of high-performing foundation models (FMs) from leading AI companies, along with the capabilities and enterprise security customers need to quickly build and deploy generative AI applications.

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Worldcoin resumes operations in Kenya after government ban

The Directorate of Criminal Investigations (DCI) in Kenya has closed its investigation, which began shortly after Worldcoin's launch in July last year, citing no need for further police action.

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⚡️ Apple and Meta have discussed AI partnership, WSJ reports

Facebook parent Meta Platforms has discussed integrating its generative AI model into Apple's recently announced AI system for iPhones, the Wall Street Journal reported on Sunday.

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Emergence raises $97.2 million to develop code to crack AI Agents

The startup's flagship project, Agent E, aims to automate mundane tasks such as form filling, product searches, and navigating services like Netflix.

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📣 Google rolls out Gemini AI to its messaging app after Gmail integration

A new update is rolling out, bringing Gemini AI to Google Messages. After successfully integrating AI into Gmail, Google is now extending this functionality to its messaging app, a move announced over a week ago. While the feature is not yet widely available, users can expect to receive it soon. Gemini AI, previously a standalone app on Android, is now seamlessly integrated into the Google Messages app. This integration allows users to access AI capabilities directly within their messages, enabling them to ask questions or give instructions without needing to leave the app.

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Forwarded from NFT News
🤖 ChainGPT announces enhancements and new features to #NFT Generator.

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📣 AI-Driven Behavior Change Could Transform Health Care

A staggering 129 million Americans have at least one major chronic disease—and 90% of our $4.1 trillion in annual health care spending goes toward treating these physical and mental-health conditions. That financial and personal toll is only projected to grow.

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⚡️ Nvidia: Shifting Investment Strategies Amid AI Dominance.

#Nvidia, renowned for its AI chips, saw its market capitalization exceed $3 trillion in the second quarter, reflecting the robust confidence Wall Street places in artificial intelligence.

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🚨🚨🚨 Judge dismisses coders’ DMCA claims against Microsoft, OpenAI and GitHub

The partial dismissal indicates complainants failed to demonstrate that GitHub reproduces human-created code.

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🇨🇳 China leads the world in gen #AI adoption but falls behind in full implementation.

A recent study revealed that China leads the world in #AI usage and investment, while the U.S. 🇺🇸 remains the leader in fully implementing the technology.

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🆘 Intuit to cut about 1,800 jobs as it looks to increase AI investments

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.

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