🗞️ AI News Recap

Hey TEDchats Fam!

Happy Monday! Picture this: You're handed a jigsaw puzzle with no picture on the box, and the pieces are scattered across the table. That's what diving into AI news without a recap can feel like – a puzzling adventure with missing pieces. But fear not! We're here to to help. So, let's gather those digital puzzle pieces and uncover the bigger picture together!

@tedchats

Part 18 | AI News Recap #ai #ainews #aiavatar #chatgpt

🐇 QUICK BITES — THE PAST WEEK

Imbue Secures $200 Million

Formerly called Generally Intelligent, Imbue has secured $200 million in a Series B funding round, pushing its valuation past $1 billion. With a total of $220 million raised, they're now among well-funded AI startups. The funding will accelerate the development of AI systems capable of advanced reasoning and coding.

IBM Reveals New AI Models

IBM has revealed new generative AI models called the Granite series within its Watsonx data science platform. These models, akin to OpenAI's GPT-4 and ChatGPT, can summarize, analyze and generate text. While specific details are scarce, IBM plans to share training data and processing methods in Q3 2023 before the models become available.

Open AI Announces DevDay

OpenAI will host its first developer conference, OpenAI DevDay, on November 6th. This one-day event will feature a keynote address, breakout sessions led by OpenAI's technical staff, and the preview of new tools and idea exchange opportunities, as announced in a recent blog post.

Childhood Illiteracy Solved with AI?

Ello, a startup, plans to combat childhood illiteracy using AI and child speech recognition. They've recently secured $15 million in Series A funding to expand their product and reach. Ello's technology listens to children reading aloud and corrects mispronunciations and omissions.

eBay’s New AI Tool

E-commerce giant eBay introduces an AI tool on iOS (coming soon to Android) that automates listing creation. It turns one photo into a full product listing, handling title, description, category, price and shipping costs, streamlining the sales process.

Zoom Literally Zooms Off With AI

Zoom, a leader in video conferencing, rebrands its AI features, notably renaming Zoom IQ to the AI Companion. The AI Companion offers a ChatGPT-like interface, real-time meeting feedback and conversational skills coaching. Users can opt out of these AI features for privacy.

Want an AI Travel Agent?

Startup Mindtrip, led by Andy Moss, raised $7 million in seed funding to be your AI travel agent. It offers seamless, human-free travel planning, advice and booking. The MVP showcases rapid trip planning with highly effective AI.

Ghostwriter’s AI Music Hit

Ghostwriter, known for the viral AI-generated Drake song "Heart on My Sleeve," returns with a new track "Whiplash" featuring AI voices of Travis Scott and 21 Savage. They're also aiming for a Grammy nomination with "Heart on My Sleeve."

Apple Ties the Knot with Chip Company

Apple's groundbreaking licensing deal with chip design company Arm extends beyond 2040, reaffirming its commitment to using Arm's tech in its products like iPhone, Mac and Apple Watch.

AI For Job Opportunities

Mentra is changing the job market for neurodivergent individuals. Their AI-driven "neuroinclusive employment network" matches people with cognitive differences to suitable roles. In a year, their platform expanded from 300 to 33,000+ neurodivergent job seekers.

Mujin Raises $85M

Tokyo and Atlanta-based startup Mujin secured $85 million in Series C funding, totaling $150 million. They specialize in AI-driven industrial automation software, enhancing robot intelligence for manufacturing and logistics.

Anthropic Launches Claude Pro

Competing with OpenAI's ChatGPT Plus, Google-backed Anthropic introduced Claude Pro, a $20/month premium AI chatbot plan. It offers priority access, increased messaging capacity and early access to new features.

India Joins the AI Race

Reliance Industries' Jio Platforms partners with Nvidia to build a large multilingual model and an advanced AI infrastructure. They aim to create computing access for various users in India, enhancing research and AI development. Nvidia provides AI solutions like GH200 Grace Hopper Superchip and Nvidia DGX Cloud, while Jio Platforms would manage the infrastructure and customer interactions.

🧰 AI TOOLBOX — RECAP 

👋 GET READY

As we wrap up, remember that AI's story is ongoing, and each recap brings us closer to understanding it. What exciting developments lie ahead? Stay tuned for our next newsletter, where we'll keep you in the loop on AI's ever-evolving story!