Top 10 AI News #weekly
Chinese startups show signs of catching up with America’s leading artificial-intelligence models more quickly than many in the industry had expected, despite the restrictions China faces in buying advanced chips.
The European Commission approved a €1.5 billion fund this month for seven new or modernised artificial intelligence (AI) Factories spread out throughout Europe.
Microsoft’s AI Tech Accelerator Community is aimed towards Swiss startups developing software solutions that leverage or aim to leverage artificial intelligence (AI). Starting on February 4th, Swiss startups get the chance to be part of an exclusive community over the course of five months. The selected companies will have access to a variety of resources, including technical & business sessions, 1:1 expert time, a collaboration with NVIDIA as well as be part of an exchange between a community of peers.
After a successful pilot last year, Microsoft is re-launching its popular program as the AI Tech Accelerator Community. This year, there is an increased focus on fostering community and exchange between startups, providing a collaborative environment for shared learning and growth. The concept focuses on creating a community that connects founders, and technology leads with peers and provides access to resources to fast-track AI solution development. This newly established concept is dedicated to Swiss startups offering innovative AI solutions or aiming to extend their offerings through AI implementation.
Artificial intelligence is transforming industries worldwide, providing tremendous opportunities for countries like Serbia to become leaders in innovation. Serbia has a unique chance, with Microsoft’s support, to lead the adoption of AI technologies in sectors such as finance, manufacturing, and public services. Kalin Dimtchev, Microsoft’s Director for the Adriatic region, discusses the role of AI, opportunities for regional growth, and how Serbia can leverage its potential for global positioning in an exclusive interview for the WebMind portal, which we bring to you in full.
ABB Robotics today declared T-Robotics and Mbodi the winners of its 2024 ABB Robotics AI Startup Challenge, marking a significant milestone in advancing artificial intelligence solutions for industrial robotics. Selected from over 100 global applicants, these pioneering startups will help transform how industrial robots understand, learn, and adapt to complex manufacturing environments through breakthrough artificial intelligence solutions.
Google recently announced the release of NotebookLM Plus, an upgraded version of its AI-powered study helper, NotebookLM.
This new premium service is intended to empower users with advanced functionality and increased flexibility, making it an excellent choice for power users, teams, and corporations.
Steiner has long been a proponent of early teaching of French in primary schools in German-speaking Switzerland. In the interview with the NZZ am Sonntag, she emphasised the importance of language skills for the cohesion of Switzerland.
However, she also conceded that AI is raising new questions about the best approach to language learning. “It’s no longer about stubbornly learning vocabulary, but rather about developing a feel for the language or assessing whether something that a computer programme translates for me is correct or incorrect,” said Steiner. She sees the implementation of these approaches as the task of teacher training colleges.
Artificial Intelligence has become a hot topic in recent years. While some people are still weary of AI's capabilities and risks, UTC Undergraduate student Eli Salley and Graduate student Daniel Duggin have fully embraced the future of AI.
Both say they've been using AI for years, helping them complete tasks like perfecting an intro to an essay or for entertainment, like making stories of their friends.
When it comes to the job hunt, most people are used to sitting at the computer for several hours a day, searching for a job, finding the perfect words to craft a cover letter, and going through several templates to build a resume. However, these UTC students say with the help of AI, it might get a whole lot easier.
3D generative AI company Backflip announced it is emerging from stealth with $30 million in funding, co-led by NEA and Andreessen Horowitz (a16z). Angel investors include CTO of Microsoft and co-founder of LinkedIn Kevin Scott, Android founder and AI futurist Rich Miner, and Ashish Vaswani, co-author of the groundbreaking Attention is All You Need research paper. Started by CEO Greg Mark and CTO David Benhaim — the founding team behind carbon fiber and metal industrial 3D printing company Markforged — Backflip started with an audacious premise: What if designers and engineers could go from ideas to reality at the speed of their imagination? What if one designer could move at the speed of 100? That’s the world Backflip is making a reality.
Alphabet Inc.’s Google, has closed a $500 million round of funding that triples the company’s valuation to $9 billion, according to a person familiar with the matter. The round was led by Institutional Venture Partners and completed earlier this month, according to the person, who asked not to be identified discussing private information. Perplexity declined to comment. Even by the lofty standards of other top AI startups, Perplexity has seen its valuation soar rapidly this year. In April, Perplexity was valued at $1 billion. That figure rose to $3 billion in June after the startup received an investment from SoftBank Group Corp.’s Vision Fund 2. The new $9 billion valuation includes the amount raised in the latest round.The funding reflects investor enthusiasm for rethinking online search to incorporate generative AI.
Perplexity, founded in 2022, has distinguished itself from other AI chatbots by providing more real-time information. But the startup faces growing competition: ChatGPT-maker OpenAI this week began rolling out search features to all users of the chatbot. Microsoft Corp. and Google have also overhauled their search products to include more conversational AI features. Perplexity offers several services in addition to the paid and free versions of its search tool. The startup launched a product that allows organizations to search internal files and introduced new finance-related features, including looking up stock prices and company earnings data. In March, the company said it had more than 15 million active users.
Best Article(s) #weekly
5 ways AI will shape businesses in 2025
From personalized recommendations on your favorite streaming service to AI-powered agents that help you plan your day, artificial intelligence is already changing our lives. And for businesses, it's about to get even bigger: 2025 will be a pivotal year as AI transforms how companies operate, compete and innovate. Today Google Cloud dropped its 2025 AI Business Trends Report — here’s a look at five key trends shaping the future of business.
Beyond The Hype: AI, Innovation And Rational Investment In 2025
As we turn the page into 2025, my colleagues and I at Asymmetric Capital Partners are optimistic for what the next year holds for growth and innovation. We do not expect these gains to be shared uniformly, however, we see distinct winners and losers.
On the positive side, we expect to see truly valuable AI companies outperform and prosper as flash-in-the-pan and hype companies falter. Simultaneously, we foresee the rise of vertical integration plays and those pursuing buy and build strategies for markets in need of technology streamlining.
We also expect limited partners investing in technology to continue their shift toward capacity-constrained, returns-oriented upstarts (versus asset gatherers who have optimized for fees). Finally, we see the beginning of the end for the 2020-2021 cohort of overfunded growth companies.
Prediction: The Artificial Intelligence (AI) Bubble Will Burst in 2025. Here's Why
When the curtain closes on 2024 in less than two weeks, it'll likely represent another banner year for Wall Street. The iconic Dow Jones Industrial Average, benchmark S&P 500, and growth-powered Nasdaq Composite have each ascended to multiple record-closing highs this year.
Though there have been a confluence of factors lifting Wall Street's major indexes to uncharted territory, including better-than-expected corporate earnings, stock-split euphoria, and Donald Trump's November victory, nothing is creating more buzz than the artificial intelligence (AI) revolution.
Latest AI Tools In CogList #weekly
BTCPay Server is a self-hosted , peer-to-peer Bitcoin payment processor that allows anyone to receive Bitcoin payments directly.
PayPal is an online payment platform for both individuals and businesses, which provides payment processing, money transfers, and merchant services.
Stripe is a payment processor for E-commerce business which effectively handles online transactions with API and wide integrations.
Crayon is designed for tracking competitors' activities and providing actionable insights which leverage AI to analyze competitive data and identify trends.
Kompyte is a competitive intelligence tool, which helps companies track and analyze their competitors' online visibility, with Kompyte GPT available.
This Week's Summary
The world of artificial intelligence is filled with important developments this weekly. The key highlights are China making rapid progress in AI despite chip restrictions, the EU investing €1.5 billion in new AI factories, and Microsoft launching an AI Tech Accelerator for Swiss startups. Moreover, innovative start-ups like T-Robotics and Mbodi remain in the fore for Industrial Robotics, while Google shows a powerful note-taking feature that will help increase human productivity. This summary captures a snapshot of the dynamic transformation in AI, highlighting emerging opportunities for growth and the collaboration of industries. Explore this groundbreaking story and discover just how it could impact your future.
