AI Business Weekly - December 11, 2024 Edition

Author

Sameer Khan
December 11, 2024 • Estimated Reading Time: 8 minutes

In partnership with

Start learning AI in 2025

Everyone talks about AI, but no one has the time to learn it. So, we found the easiest way to learn AI in as little time as possible: The Rundown AI.

It's a free AI newsletter that keeps you up-to-date on the latest AI news, and teaches you how to apply it in just 5 minutes a day.

Plus, complete the quiz after signing up and they’ll recommend the best AI tools, guides, and courses – tailored to your needs.

Hello AI Enthusiasts,

Welcome to this week’s edition of AI Business Weekly, where we delve into cutting-edge AI innovations, major funding rounds, regulatory developments, and the latest product updates. This week, we explore blockchain’s role in decentralizing the internet, AI's transformative impact on healthcare and education, substantial investments in AI startups, and exciting new AI-driven features across popular platforms. Let’s dive in!

AI Innovations and Research Advances

  • Blockchain Innovation Will Put an AI-Powered Internet Back Into Users’ Hands
    Blockchain technology is poised to revolutionize the internet by offering decentralized, open-source, and community-controlled alternatives by 2025, keeping the spirit of an open internet alive.
    Read more

  • Driving Energy Transformation Through AI
    AI, sustainability, and policy converge to address climate change and energy challenges. Harnessing AI’s potential is key to developing equitable and resilient net-zero energy systems.
    Read more

  • 4 Ways AI Is Transforming Medicine
    From analyzing thousands of images to detecting dangerous patterns and enhancing resolution, AI is enabling unprecedented medical breakthroughs.
    Read more

  • Sault College Students Showcase AI-Driven Healthcare Innovations
    Healthcare students at Sault College presented research showcasing how AI can improve disease treatment, signaling the next wave of healthcare innovation.
    Read more

  • AI Inspires Innovation in Journalism Education
    Incorporating AI into journalism education streamlines curriculum updates, helping educators modernize teaching methods and better prepare students for the evolving media landscape.
    Read more

Fifteen student-led projects were presented at Health-Care Research Showcase at Sault College Thursday

Investments and Growth

  • Tractian Raises $120M in Series C Funding
    The manufacturing AI startup secured $120 million, led by Sapphire Ventures, to drive innovation in predictive maintenance solutions.
    Read more

  • OpenAI Startup Fund Secures $44M
    The OpenAI Startup Fund raised its largest-ever SPV at $44 million, reaffirming its commitment to early-stage AI ventures.
    Read more

  • Parse.ly Founders Raise $6.4M for Elvex
    The creators of Parse.ly secured $6.4 million in seed funding for their AI startup, Elvex, focusing on advanced content analytics.
    Read more

  • Nscale Raises €146M for AI Infrastructure
    London-based Nscale closed a €146 million Series A to expand its hyperscale AI infrastructure across Europe and North America.
    Read more

  • HubSpot Acquires Frame AI
    HubSpot's acquisition of Frame AI aims to enhance conversational intelligence for go-to-market teams, transforming customer insights into actionable strategies.
    Read more

  • Can AI Help Voter Engagement?
    Toronto Metropolitan University is exploring AI tools to combat declining voter turnout and boost democratic engagement in Canada.
    Read more

  • UK Watchdogs Tackle AI Regulation
    British regulators are actively developing frameworks to address AI challenges and opportunities while leveraging the technology themselves.
    Read more

  • Canadian Regulators Issue Guidance on AI Trading
    The Canadian Securities Administrators released guidance on the use of AI in securities trading, emphasizing the need for further regulatory scrutiny.
    Read more

  • The Global AI Race: US Innovation at a Crossroads
    As policy debates intensify, the U.S. must decide whether to lead or lag in the global AI race amidst shifting legislative priorities.
    Read more

  • AI Governance in HR Strategies
    AI’s integration into HR strategies demands robust governance to align with organizational values and ethical standards.
    Read more

Latest AI Feature Releases

  • Apple Introduces iOS 18.2 AI Features
    Apple’s latest update brings ChatGPT integration, Genmojis, and enhanced image editing tools to its iPhone 16 and 15 Pro series.
    Read more

  • Yelp Enhances Business Discovery with AI
    Yelp’s year-end update adds AI-powered Review Insights and seamless connection tools for businesses and users alike.
    Read more

  • Google Rolls Out AI Features for Android
    Google introduced new AI capabilities for Pixel and Android devices, leveraging its Gemini platform to enhance user experience.
    Read more

  • Amazon Bedrock Gains New Models and Tools
    AWS’s Bedrock updates include new foundational models and advanced data processing features for generative AI applications.
    Read more

  • Reddit Tests Conversational AI Search Tool
    Reddit Answers, a new AI-powered search feature, allows users to ask questions and receive curated responses from platform threads.
    Read more

Closing Thoughts

From decentralized internet advancements to transformative AI tools, this week’s developments showcase the endless potential of artificial intelligence. Stay informed and empowered as we continue to witness AI’s evolution. See you next week!