AI/News
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Lasso AI finds hidden revenue for businesses
Revolutionary AI-powered revenue discovery: Lasso AI has introduced a groundbreaking platform that leverages artificial intelligence to uncover hidden revenue opportunities for businesses by transforming metadata into actionable insights. The platform boasts industry-leading accuracy in its AI models, which analyze and interpret vast amounts of metadata to identify potential revenue sources. Lasso AI claims to be the only platform that indexes every business with a website, LinkedIn presence, and at least one employee, providing a comprehensive database for revenue discovery. The company promises to deliver 100% additive, verified contact data, potentially unlocking millions in net new revenue for its clients. Platform...
read Oct 30, 2024Recraft unveils new AI image generator to rival Midjourney
Recraft unveils advanced AI image generator: Recraft, a prominent AI graphic design tool, has launched Recraft V3, a new image generation model that could potentially redefine quality standards in the AI image generation landscape. The new model boasts designer-centric features, with a particular focus on text generation within images, addressing a common challenge faced by existing models. Recent testing on Hugging Face's Text-to-Image Model Leaderboard by Artificial Analysis places Recraft V3 at the top with an ELO rating of 1172, surpassing competitors like Midjourney and OpenAI. Enhanced control and customization: Recraft V3 offers users greater control over critical design elements,...
read Oct 30, 2024US launches $100M competition for AI semiconductor innovation
Groundbreaking AI initiative for sustainable semiconductors: The Biden-Harris Administration has launched a $100 million competition to accelerate research and development in sustainable semiconductor materials using artificial intelligence and autonomous experimentation technologies. The CHIPS AI/AE for Rapid, Industry-informed Sustainable Semiconductor Materials and Processes (CARISSMA) funding opportunity aims to demonstrate that new sustainable semiconductor materials and processes can be designed and adopted for industry testing within five years. The program will provide individual awards ranging from $20 million to $40 million to teams of universities, research entities, industry partners, and civil society organizations. This initiative is part of the broader CHIPS for...
read Oct 30, 2024Atlassian exec reveals 3 key workplace trends shaping AI adoption
The future of teamwork: Challenges and solutions in the modern workplace: Atlassian's Vice President of Team Anywhere, Annie Dean, discusses the current state of team effectiveness and proposes strategies for improvement in an increasingly distributed work environment. In a recent interview with Harvard Business Review, Dean highlighted that teams are busier than ever but accomplishing less, indicating a "how-to-work crisis" in today's workplace. Atlassian's research revealed that 65% of knowledge workers prioritize responding to notifications over making progress on top priorities. 93% of Fortune 500 executives believe their teams could accomplish the same amount in half the time with more...
read Oct 30, 2024Magic Notepad is like Apple Notes with the power of ChatGPT
Introducing Magic Notepad: Magic Notepad by timeOS combines the simplicity of Apple Notes with the intelligence of ChatGPT to revolutionize meeting note-taking and organization. Launched in the Productivity, Meetings, and Artificial Intelligence categories on Product Hunt Created by the timeOS team: Eilon Mor, Reut Shechter, Tommy Barav, Daniel Schneider, Ilan Benisty, and Tali von Huth First launched on August 16th, 2022, and featured on October 29th, 2024 Hunted by Ben Lang Key features and benefits: Magic Notepad aims to bring a human touch back to meeting notes while leveraging AI to enhance organization and productivity. Users can jot down key...
read Oct 30, 2024Why AI won’t take your software engineering job just yet
Insights from Gartner's Symposium/IT Expo: The annual Gartner Symposium/IT Expo provided valuable insights into how businesses should approach artificial intelligence (AI) adoption, emphasizing the importance of strategic implementation and responsible practices. Choosing the right AI applications: Generative AI excels in specific areas but is not a one-size-fits-all solution for business needs. Generative AI is well-suited for content generation, knowledge discovery, and creating conversational interfaces. However, it falls short in areas such as planning and optimization, prediction and forecasting, decision intelligence, and autonomous systems. Businesses are advised to carefully select AI techniques based on their specific use cases and requirements. Best...
read Oct 30, 2024Cloud computing and Office software drive big revenue surge for Microsoft
Microsoft's AI-Powered Cloud Fuels Impressive Q1 Results: Microsoft Corporation has reported stronger-than-expected revenue growth for its first quarter of fiscal year 2024, with cloud computing and Office software leading the charge. Key financial highlights: The tech giant's performance surpassed analyst expectations, demonstrating the growing impact of its artificial intelligence investments. Sales for Q1 (ending September 30) increased by 16% to $65.6 billion, exceeding the average analyst estimate of $64.5 billion. Earnings per share reached $3.30, surpassing the projected $3.11. Overall cloud revenue, encompassing products like Office and Azure, grew by 22% to $38.9 billion. AI's growing influence: Microsoft's strategic focus...
read Oct 30, 2024GitHub goes multi-model with new integrations for Claude, Gemini and o-1
GitHub Copilot Expands LLM Support: GitHub has announced the integration of four new large language models into its popular coding assistant, Copilot, marking a significant shift from its previous OpenAI-exclusive approach. The new models include Claude 3.5 Sonnet, Gemini 1.5 Pro, and OpenAI's o1-preview and o1-mini. OpenAI models are already available in Copilot Chat, with Claude 3.5 Sonnet coming next, followed by Gemini 1.5 Pro in the coming weeks. GitHub plans to extend multi-model support across various Copilot features, including Copilot Workspace, multi-file editing, code review, security autofix, and the CLI. Evolution of Copilot's AI Foundation: The announcement reflects GitHub's...
read Oct 30, 2024How DeepMind is pushing the frontiers of AI audio generation
Advancing speech generation technology: Google researchers have made significant strides in developing more natural and dynamic audio generation models, paving the way for enhanced digital experiences and AI-powered tools. The team has created models capable of generating high-quality, natural speech from various inputs, including text, tempo controls, and specific voices. This technology is already being implemented in several Google products and experiments, such as Gemini Live, Project Astra, Journey Voices, and YouTube's auto dubbing feature. Recent advancements have enabled the generation of long-form, multi-speaker dialogue, making complex content more accessible. Key innovations in audio generation: SoundStorm: This research demonstrated the...
read Oct 30, 2024‘Anticipatory obedience’ and the fight against over-reliance on AI
The rise of anticipatory obedience in AI interactions: The widespread use of generative AI has led to concerns about users adopting a mindset of anticipatory obedience, potentially leading to overreliance on AI-generated responses and a lack of critical thinking. Anticipatory obedience is a concept where individuals prepare themselves to accept and comply with expected demands or requirements from an authority figure, often leading to premature acquiescence. This mindset can be both beneficial and detrimental, depending on the context and situation in which it is applied. Generative AI and user behavior: The interaction between users and generative AI systems has created...
read Oct 30, 2024To gain public trust, AI must learn from crypto’s missteps
The AI industry's trust challenge: Artificial intelligence is rapidly becoming a transformative technology, but it faces growing public mistrust and concerns about potential misuse, echoing challenges previously encountered by the cryptocurrency sector. AI's reputation is being tarnished by incidents such as AI-generated deepfakes spreading political disinformation and chatbots allegedly linked to self-harm cases. The industry is at a critical juncture where it must address public fears and regulatory scrutiny to ensure responsible innovation and widespread adoption. Parallels with cryptocurrency's journey: Both AI and cryptocurrency have the potential to redefine industries and economies, but they share significant reputational issues stemming from...
read Oct 30, 20245 strategies to streamline AI infrastructure deployment
AI adoption challenges in enterprise: Organizations face significant barriers in implementing AI, with only 40% of large-scale enterprises actively deploying AI in their business operations. A lack of technological infrastructure is cited by 38% of IT professionals as a major obstacle to AI success. The Harvard Business Review estimates the failure rate of AI projects at 80%, nearly double that of other corporate IT projects. Limited AI skills and expertise are among the top barriers, with 9 out of 10 organizations suffering from an IT skills shortage. 83% of organizations admit to not fully utilizing their GPU and AI hardware...
read Oct 30, 2024Waymo is using Google’s Gemini to train its robotaxis
Waymo's AI innovation in autonomous driving: Waymo, the Alphabet-owned autonomous vehicle company, is developing a new training model for its robotaxis built on Google's multimodal large language model (MLLM) Gemini, signaling a potential breakthrough in the application of AI to self-driving technology. Waymo has introduced EMMA (End-to-End Multimodal Model for Autonomous Driving), a new end-to-end training model that processes sensor data to generate future trajectories for autonomous vehicles. This development represents one of the first indications that a leader in autonomous driving is exploring the use of MLLMs in its operations, potentially expanding the application of large language models beyond...
read Oct 30, 2024AI gun scanners attract funding amid school safety concerns
Rise of AI-powered security in schools: The growing threat of gun violence and heightened public concern are driving a surge in investment in advanced security technologies for educational institutions across the United States. Lancaster County School District in South Carolina is considering allocating $2 million for AI-powered weapon detection systems following a recent hoax threat, reflecting a broader national trend. The US school-security industry, valued at $3 billion according to IHS Markit, has experienced rapid growth since the pandemic, fueled by public pressure and new funding streams. Evolv Technologies Holdings Inc., a provider of AI-powered scanning systems, has seen a...
read Oct 30, 2024FirstEnergy CEO discusses AI’s impact on power demand
AI's growing energy demands challenge utilities: First Energy CEO Brian Tierney addresses the mounting pressure on power companies to meet the increasing electricity needs of artificial intelligence technologies. Brian Tierney, CEO of First Energy, participated in a 'Money Movers' segment to discuss critical issues facing the utility industry. The interview focused on three main topics: the company's ability to meet AI-driven power demand, the impact of cost inputs on First Energy's operations, and the effects of summer storm activity on power capacity. Rapid AI adoption strains power grids: The growing prevalence of artificial intelligence technologies is creating new challenges for...
read Oct 30, 2024Animation Guild negotiates AI rules in extended contract talks
AI negotiations extend Animation Guild contract: The Animation Guild and the Alliance of Motion Picture and Television Producers have agreed to extend their contract negotiations through December 2, 2023, as discussions continue over artificial intelligence regulations in the industry. The contract, which was set to expire on November 1, 2023, has been extended to allow for further bargaining on AI guardrails. Negotiations began on August 12, 2023, and have been ongoing intermittently since then. While some progress has been made, the two sides have not yet reached a final agreement. Key players and industry context: The Animation Guild, representing approximately...
read Oct 30, 2024EU AI Act creates complex regulatory landscape for tech firms
EU AI Act: A complex regulatory framework for artificial intelligence: The European Union's AI Act introduces a comprehensive system for regulating artificial intelligence technologies, categorizing them based on risk levels and imposing strict requirements on high-risk AI applications. Risk-based categorization and extensive requirements: The Act classifies AI systems into four risk categories, with many important applications falling under the "high-risk" designation. High-risk AI systems include those used in education, employment, law enforcement, recruiting, and essential public services. These systems face stringent requirements before release, including building risk management systems, ensuring data quality, creating extensive documentation, and implementing human oversight mechanisms....
read Oct 30, 2024Stanford AI fellowship propels students into public service roles
The big picture: Stanford's Tech Ethics & Policy (TEP) Fellowship Program is bridging the gap between technical expertise and public policy by placing tech-savvy graduate students in key roles within Washington, D.C.'s policymaking ecosystem. Addressing a critical need: The program aims to tackle the shortage of AI expertise in public service, where less than 1% of new AI doctoral graduates currently work. Stanford HAI, in collaboration with the McCoy Family Center for Ethics in Society, established the TEP Fellowship in 2023 to address this issue. The program is led by Rob Reich, HAI senior fellow and Stanford professor of political...
read Oct 30, 2024Google CEO denies plans to split AI from search
Google clarifies CEO's stance on search innovation: Google has addressed confusion surrounding CEO Sundar Pichai's comments about search experiences, emphasizing that he was not suggesting a split between AI-powered and traditional link-based search. During Google's Q3 earnings call, Wells Fargo analyst Ken Gawrelski asked about the possibility of offering two distinct search experiences: an AI-driven answers engine and a traditional links-based search engine. Pichai's response, "I do think having two surfaces for us allows us to experiment more," initially sparked speculation about potential changes to Google's core search offering. Google spokesperson Chris Pappas has since clarified that Pichai was referring...
read Oct 30, 2024Microsoft’s $65.6B quarter has investors wondering whether AI spending was worth it
AI-driven growth propels Microsoft's quarterly performance: Microsoft's latest financial report showcases strong growth across its business segments, with artificial intelligence integration playing a key role in driving innovation and revenue. Financial highlights: Microsoft reported impressive financial results for the July-September quarter, exceeding analyst expectations and demonstrating the company's continued strong performance in the tech sector. Net income reached $24.7 billion, or $3.30 per share, representing an 11% increase compared to the same period last year. Quarterly revenue climbed to $65.6 billion, marking a 16% year-over-year growth. The company's financial performance surpassed Wall Street predictions, which had anticipated earnings of $3.10...
read Oct 30, 2024US officials meet Saudi leaders to explore AI collaboration and security
Key meeting on U.S.-Saudi technology cooperation: Deputy Secretary of State Kurt M. Campbell held discussions with Saudi Arabia's National Security Advisor Musaid al-Aiban and Minister of Communications and Information Technology Abdullah al-Swaha, focusing on expanding bilateral cooperation in artificial intelligence and other technological domains. The meeting aimed to strengthen the U.S.-Saudi partnership in developing advanced technology ecosystems, with a particular emphasis on AI. Discussions covered efforts to promote safe, secure, trustworthy, and responsible AI development and implementation. The talks also addressed broader regional issues, including de-escalation of tensions and efforts to achieve lasting peace and security. AI collaboration at the...
read Oct 30, 2024Creatio’s latest update makes the case for CRM automation via agentic AI
Creatio revolutionizes CRM with AI-powered automation: Creatio's latest update, Energy 8.2, integrates no-code enterprise CRM app development with a unified suite of AI capabilities, aiming to streamline business processes and boost productivity. Key features of Energy 8.2: The update introduces a Unified AI Platform, bringing together agentic, generative, and prescriptive AI within a single environment. Users can now develop AI Skills using natural language inputs, without the need for coding expertise. Over 20 pre-configured AI Skills are embedded into the platform, enhancing core CRM functions for sales, marketing, and customer service. Creatio offers simplified pricing by including all AI features...
read Oct 30, 2024Reddit achieves first ever profit amid AI-driven growth
Reddit's historic profit milestone: Social media platform Reddit has achieved its first-ever profit in nearly two decades of operation, marking a significant turning point for the company. Reddit reported a net profit of $29.9 million, or 16 cents per share, for the quarter ending September. Revenue reached $348.4 million, surpassing analysts' expectations of $312.8 million. The company's stock has tripled since its initial public offering in March, rising from $34 to $110.20 per share. AI-driven growth strategy: Reddit's recent success can be attributed to its innovative AI initiatives and expanding user engagement, particularly in international markets. A new AI translation...
read Oct 30, 2024Military general in charge of US nuclear weapons wants more AI involved
Nuclear arsenal modernization and AI integration: The United States military is planning a significant upgrade to its nuclear capabilities, with artificial intelligence potentially playing a role in this $1.7 trillion modernization effort. Air Force General Anthony Cotton, who oversees the U.S. nuclear missile stockpile, has expressed support for integrating AI into military decision-making processes during a recent defense intelligence conference. Cotton emphasized that while AI will enhance decision-making capabilities, human control over critical decisions, particularly those involving nuclear weapons, will be maintained. The general's comments suggest that AI could be used to improve data analysis and information processing, potentially providing...
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