What's in Tech : Issue 2 June 28th 2024

A weekly digest of global tech updates: Your go-to source for the latest trends, innovations, and breakthroughs from around the world.

In this week’s “What’s in Tech'” newsletter, we'll cover several tech initiatives including Centific's showcase of its AI solutions at the CVPR 2024 Conference; advanced AI tools introduced by Google and Amazon; and GenAI initiatives launched by AWS for the public sector. Additionally, we'll explore key partnerships and innovations from Qualcomm, Fractal, PayPal, Tesla, Tata Electronics, and IBM, highlighting significant advancements and strategic moves in the AI and technology sectors.

?Centific at CVPR 2024 Conference

Centific attended the IEEE / CVF Computer Vision and Pattern Recognition Conference 2024 (CVPR 2024) in Seattle to showcase its solutions and dive into the advancements in computer vision and AI & ML solutions.

Apple’s EU AI Delay: Innovation vs Regulation

The Digital Markets Act and General Data Protection Regulation have forced tech giants to pause and reconsider their approaches, potentially leading to more user-centric and privacy-conscious products.

Gmail’s Gemini AI Sidebar and Email Summaries are Rolling Out Now

Google is beginning to roll out a new Gemini side panel that can do things like summarize email threads and draft new emails. The tool will offer “proactive prompts” but user can also ask “freeform questions”.

Qualcomm Makes its Compute AI Models Available to Developers

The company lists 94 compute models for audio enhancement and speech recognition, text/image generation, as well as multimodal capabilities such as image classification & image-to-text generation.

Amazon's New Chatbot Will Act as User’s Own 'AI agent'

The new model named Metis will boast 'retrieval-augmented generation (RAG)' – the ability to retrieve information from beyond the original data that it's been trained with.

AWS Announces US$ 50 Mn Generative AI Initiative for Public Sector

The initiative is aimed to support critical missions in government, nonprofit, education, healthcare, and aerospace sectors through AWS generative AI services and infrastructure, including Amazon Bedrock, Amazon Q, Amazon SageMaker, AWS HealthScribe, AWS Trainium, and AWS Inferentia.

Google Likely to Release Chatbot Similar to Character.AI & Meta

Google is trying to bring numerous celebrities and influencers on board. If the plan is set in motion then it will allow users to create their own chatbots akin to Character.ai and Meta.

Google Launched Gemma 2 which Outperformed Llama 3

Gemma 2 offers significant improvements over its predecessor, including competitive performance to larger proprietary models and optimized cost efficiency.

OpenAI to Utilize TIME's 101-Year-Old Archives for Credible Content

Both companies announced a multi-year content deal and strategic partnership to integrate TIME's esteemed journalism into OpenAI's products, including ChatGPT.

Meta Marks Real Images as 'Made By AI' on Facebook and Instagram

Meta is reportedly marking real photos taken by photographers as “Made by AI”. Several users reported that Meta is adding the AI-generated label to real photos over the last few months.

Fractal Announces Merger of Eugenie.ai

This strategic merger will enhance Fractal’s ability to offer comprehensive AI solutions that optimize business operations and contribute to a more sustainable and resilient industrial ecosystem.

For Infosys, Generative AI is Not Just Fluff Talk

Infosys has revealed that its early investment in generative AI, through its Infosys Topaz platform, has positioned it as a leader in AI services, with recognition from seven out of eight leading analysts.

PayPal Hires Walmart Exec as Chief Technology Officer in AI Push

Srini Venkatesan will oversee technology across the payments giant, including AI and machine learning, information security, and product engineering.

Walmart Partners with Agritask to Pilot Data-Driven Technology

The pilot will utilize Agritask’s remote sensing and data analytics tools across selected regions in the US and Mexico to ensure a reliable supply, minimise food waste and provide fresh produce to customers.?

Famous Wall Street Analyst says Tesla Inc will ‘Double’ Because of AI Business

Tesla could “double” over the next 12-18 months because of its fully autonomous driving plans that will take shape in the coming months.

Tata Electronics and Synopsys Partner for Factory Automation and Establishing an AI-enabled Fab Together these companies will produce semiconductor chips for applications across automotive, mobile devices, artificial intelligence (AI), and other key segments to serve customers globally.

IBM Launches AI-Powered Solutions for Enhanced Asset Management and Emissions Tracking

IBM’s latest release, Maximo Application Suite 9.0, offers AI-powered solutions to enhance asset lifecycle management (ALM), ensuring efficiency and sustainability.

Best Regards

Dinesh Chandrasekar

Chief Strategy Officer Centific

Advisor & Mentor - nasscom deeptech & Telangana AI Mission (T-AIM)

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