AI News Roundup
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Welcome to this week's edition of our AI Newsletter! We've got some exciting and unexpected developments to share with you. From Elon Musk's latest move against OpenAI to groundbreaking advancements in AI-driven job hunting and video generation, there's plenty to catch up on. Let's dive into the top stories!
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3, 2, 1… Go! 1. Elon Musk Unexpectedly Drops Case Against OpenAI
2. Virtual Rat with AI Brain Mimics Real Rodent Movement
3. LinkedIn Leans on AI to Do the Work of Job Hunting
4. Amazon Invests $230 Million in Generative AI Startups
5. Luma AI Surpasses OpenAI in Video Generation
Elon Musk Unexpectedly Drops Case Against OpenAI
Elon Musk has unexpectedly asked a California court to withdraw his lawsuit against OpenAI and its CEO, Sam Altman. The case accused them of abandoning OpenAI's original mission to develop AI for the benefit of humanity. Musk's lawyers did not provide a reason for dropping the months-old case, which came just a day before the court was to hear OpenAI's motion to dismiss.
The dismissal request was "without prejudice," allowing Musk to potentially reactivate the case later. He initially filed the lawsuit in February, arguing that OpenAI had shifted its focus from altruism to profit. OpenAI countered that Musk had previously supported a for-profit structure and suggested merging with Tesla.
Tensions escalated this week after Apple announced a partnership with OpenAI, which Musk criticized on social media. Despite Musk's objections, Apple's stock reached a record high.
🚀 Big Vertical AI Investment Opportunity – Only 4 Days Left 🌐
- Elon Musk secures $6 billion for xAI
- Nvidia surpasses Apple's $3 trillion market cap
- SoftBank targets $9 billion annually in vertical AI investments
These milestones underscore the market power of AI. Just as Apple integrates ChatGPT into its devices with Apple Intelligence to redefine efficiency, Jurny is making noise in the hospitality industry with its vertically integrated, AI-powered ecosystem. This is just the beginning. Each leap in efficiency reshapes the market landscape.
The top players are moving fast—and so is Jurny. The speed and rate of AI improvement are vastly underestimated. Jurny has announced it will bring even more industry-changing advancements to hospitality within the next three months.
Jurny's AI can already automate up to 90% of Airbnb hosts' daily management tasks, reducing the average host's time commitment per unit from 12.5 hours to 1.25 hours per week. This efficiency could generate annual savings of over $38.7 billion for Airbnb hosts alone. This dramatic boost in efficiency opens up property management to more individuals and drives growth, benefiting platforms like Airbnb.
While big tech focuses on the mass market, Jurny is dominating the hospitality vertical, a $4.7 trillion market. Vertical solutions are where the money will be.
Virtual Rat with AI Brain Mimics Real Rodent Movement
Researchers have created a "virtual rodent" by using an artificial neural network to control a biomechanically realistic rat model in a physics simulator. They trained this virtual rat with deep reinforcement learning to behave like real, freely-moving rats.
The neural activity in the virtual rodent's brain areas, such as the sensorimotor striatum and motor cortex, closely matched the neural activity observed in real rats, better than predictions based solely on movements. This suggests that the virtual rodent's network more accurately reflects motor control and neural dynamics.
The network also showed variability consistent with the "minimal intervention principle" of optimal feedback control. These results demonstrate the potential of realistic virtual models to improve our understanding of the neural activity underlying behavior and the principles of motor control.
AI-Powered Insights and Analysis by Datarails
FP&A Genius from Datarails is revolutionizing the impact of the CFO’s Office. This AI assistant offers instant answers to detailed questions about revenues, KPIs, and metrics, as well as daily AI-generated insights (like “Your marketing spend for the month is 20% of total revenue which is less than the YTD average”).
But they’re also offering a whole new world of analysis powered by AI with options to keep analyzing and getting deeper into the data, with trend analysis, scenario analysis, breakdowns, drill down and much more. Because your data is already mapped in the cloud, Genius can securely access your company’s complete, consolidated financial data and give you real, previously unseen insights into key opportunities.
As Datarails CEO Didi Gurfinkel puts it: "Using AI to extend your hands involves automating processes, making everything faster, reducing headcount, and shortening time to deliver. But the real game-changer is viewing AI as an extension of your brain. Imagine a CFO or FP&A manager using a tool that scales their analytical capabilities with historical, internal, and external data. That's FP&A Genius – your ultimate FP&A brain extension."
If you’re ready to extend your finance brain, you can book your demo now.
LinkedIn Leans on AI to Do the Work of Job Hunting
LinkedIn is enhancing its platform with AI to offer more personalized job hunting experiences.
Key AI-driven features include conversational job searches, resume feedback, and personalized learning, especially in AI courses.
For Premium users, there's an AI-powered expert advice service.
LinkedIn is also improving search capabilities and introducing Recruiter 2024 and premium company pages for small businesses.
AI tools assist with CV and cover letter optimization, job market research, networking, interview preparation, and job search planning.
Balancing AI tools with human input is crucial to ensure authenticity and accuracy in job applications.
Amazon Invests $230 Million in Generative AI Startups
Amazon has pledged up to $230 million to support startups developing generative AI-powered applications.
This investment is designed to position Amazon Web Services (AWS) as the preferred cloud infrastructure for these innovative companies.
By providing substantial support, Amazon aims to help startups create advanced products, apps, and services using generative AI models.
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Luma AI Surpasses OpenAI in Video Generation
Luma Labs has unveiled Dream Machine, an AI model that generates high-quality, realistic 5-second video clips from text and image prompts, now publicly available.
Unlike OpenAI's Sora, it offers smooth and consistent outputs. Dream Machine can produce 120 frames in 120 seconds, with initial wait times due to high demand. The free plan includes 30 video generations, while the paid tier offers up to 2,000 outputs monthly.
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Missed prior reads … don’t fret, with GenAI nothing is old hat. Grab a beverage and slip into the archives: AI Innovations: Market Milestones and Technological Breakthroughs |AI Frontiers: Siri, OpenAI, and ChatGPT Upgrades| AI's Voice and Vision| Breaking AI Boundaries |AI for Good |AI at the Helm | AI Highlights | Genai.works 2.0: The First AI Hub in the World 🚀| Frontiers of Innovation | New Horizons in AI | AI Innovations | Next-Gen Now | 🚀 AI Frontiers: From Mind Games to Open Codes | Shaping Tomorrow | AI Insights 🚀|Advancing AI | AI Adventures| The next wave | AI Highlights⚡️ | The Future Interface | AI's Big Bang | IntelliGent Horizons | Coaching & AI | Part 2: The 6 C’s | Things That Might Happen in 2024 | TOP 200 AI tools! Index by Generative AI
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2wThank you for relevant #AI News!
JTX Corporation
3wVery informative
AGI and the physics of life and consciousness
3wWe are a team that has been studying human intelligence and consciousness since the 1980s. We may now have the theoretical framework for AGI and need to collaborate with the AI community, thank you. Jason
AUKUS Forum
OK Boštjan Dolinšek