Welcome to AI Business Weekly, your trusted source for staying updated on the latest advancements in artificial intelligence. In this edition, we'll delve into groundbreaking innovations, regulatory developments, and significant investments shaping the AI landscape. From personalized cancer care to revolutionary AI-driven content creation, join us as we explore the diverse facets driving the future of AI.
- OpenAI and Color Health Partner for Personalized Cancer Care: OpenAI and Color Health announced a partnership to create an AI assistant for personalized cancer care. Built with GPT-4, the AI analyzes patient data, guidelines, and medical records to identify screening gaps and craft tailored plans. Read more
- TikTok Launches Symphony: TikTok introduced Symphony, featuring digital avatars, translation tools, and an AI assistant. Brands can choose ‘stock avatars’ or create custom avatars as virtual brand reps. Symphony’s AI Dubbing tool transcribes, translates, and dubs videos into 10+ languages, scaling content globally. Read more
- Google DeepMind’s V2A System: Google DeepMind introduced a video-to-audio (V2A) system that generates detailed, synchronized soundtracks for videos, including music, sound effects, and dialogue. Read more
- Notion Launches AI Connectors: Notion launched 'AI connectors' linking Slack and Google Drive to Notion AI, enhancing productivity for users integrated into both platforms. Read more
- Runway’s Gen-3 Alpha: Runway introduced Gen-3 Alpha, generating realistic 10-second video clips from text prompts and images. With KLING, Luma, Runway, OpenAI’s Sora, and Google’s Veo, AI video tech is thriving. Read more
- MP Shares Inaccurate, ChatGPT-Generated Stats: An Ontario Conservative MP's use of ChatGPT to share incorrect information online about Canada's capital gains tax rate offers a cautionary tale to politicians looking to use AI to generate messages. Read more
- Political Deepfakes Top List of Malicious AI Use: AI-generated “deepfakes” that impersonate politicians and celebrities are far more prevalent than efforts to use AI to assist cyber attacks, according to research by Google’s DeepMind division. Read more
- 55% of Firms Now Rely on AI Governance Boards: AI governance has become a top priority for businesses. A recent Gartner poll shows that 55% of organizations have an AI board, and 54% have a head of AI responsible for leading and managing AI initiatives. Read more
- Hebbia Raises $100M: New York-based Hebbia, a startup using generative AI to search large documents and find answers, raised nearly $100 million in a Series B led by Andreessen Horowitz. Read more
- Etched.ai Secures $120M: Etched.ai, a San Francisco-based startup specializing in AI chips, raised $120 million led by Positive Sum and Primary Venture Partners. They aim to provide a cost-effective and energy-efficient chip that is faster than current market leaders. Read more
- SK Hynix’s $75B AI Investment: South Korea’s SK Hynix, the world No. 2 memory chip maker, will invest $75 billion through 2028 to strengthen its chips business, focusing on AI. Read more
- Robinhood Acquires AI-Driven Investment Platform Pluto: Robinhood Markets Inc. agreed to buy Pluto Capital Inc., known for AI-driven personalized investment advice and real-time analytics. Read more
As we draw the curtains on this week's edition of AI Business Weekly, we recognize the ever-evolving nature of artificial intelligence. From regulatory milestones to transformative innovations, the AI landscape continues to redefine industries and societies. We extend our gratitude to our dedicated readers for their unwavering support. Join us next week as we continue to navigate the dynamic world of AI, together.
