AI Business Weekly - December 3, 2024 Edition

Author

Sameer Khan
December 03, 2024 • Estimated Reading Time: 7 minutes

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Hello AI Enthusiasts,

Welcome to this week’s edition of AI Business Weekly, where we unpack the latest in AI innovations, investments, governance, and product launches. This week, we explore groundbreaking AI applications for the Deaf community, major funding milestones, evolving AI governance, and exciting feature updates. Let’s dive in!

AI Innovations and Research Advances

  • AI Creates Opportunities for the Deaf Community
    AI is transforming accessibility for the Deaf community. Dylan Burns, a Montreal resident, exemplifies how AI is enabling independence and connectivity for people with hearing disabilities.
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  • Sumo Logic Introduces AI-Powered Observability
    Sumo Logic unveiled its first AI Copilot for DevSecOps, promising faster response times and better security through its Generative Context Engine, which offers natural language-based remediation recommendations.
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  • AI Boosts Advertising Tech at Perion Network
    Perion Network’s CEO highlighted their growth strategy, underpinned by AI innovations that are reshaping advertising technologies.
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  • AI Predicts Neuroscience Study Results
    A study in Nature Human Behaviour demonstrates AI’s ability to predict neuroscience study outcomes with greater accuracy than human experts, showcasing the potential of large language models.
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  • Microsoft’s Vision for GUI Automation
    Microsoft’s research points to AI agents taking control of graphical user interfaces, paving the way for a new era of human-software interaction.
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Investments and Growth

  • €50 Million Fund for AI Startups
    GVC Gaesco and Next Tier Ventures have launched a €50 million fund to support early-stage AI startups, further energizing the European AI ecosystem.
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  • Tenstorrent Secures $700M in Series D Funding
    AI chipmaker Tenstorrent raised $700 million in a heavily oversubscribed round, led by Samsung Securities and AFW Partners, positioning it as a key competitor to Nvidia.
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  • SoftBank Plans $1.5B Investment in OpenAI
    SoftBank seeks to deepen its stake in OpenAI, bolstering its presence in the $150 billion AI ecosystem.
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  • Inflection AI Expands with Two Acquisitions
    Inflection AI has acquired BoostKPI and Jelled.ai, strengthening its automation and enterprise AI tools portfolio.
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GVC Gaesco and Next Tier Ventures have launched a €50 million fund to support early-stage AI startups

  • Keys to AI Governance for Business Value
    Organizations must adopt robust AI governance frameworks to not only survive but thrive in an increasingly competitive AI-driven market.
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  • Europe’s AI Governance Roadmap
    The Centre for European Policy recommends refining the General-Purpose AI Code of Practice to ensure regulatory clarity and foster innovation.
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  • Uncertainty in US AI Regulations
    As the U.S. government transitions to Republican control, AI policy focus is shifting from safeguards to reducing bureaucratic hurdles.
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  • TikTok’s Influence on Politics
    With Romania considering a ban due to election interference concerns, TikTok’s algorithm is proving to be a wildcard in global politics.
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  • AI-Generated Propaganda Challenges Ukraine
    Russian AI-generated content is creating new disinformation challenges, as some deepfake videos gain unwarranted credibility among audiences.
    Read more

Latest AI Feature Releases

  • AWS Enhances Amazon Connect with AI
    New generative AI features in Amazon Connect are set to make customer service operations more efficient.
    Read more

  • Motorola Launches AI Beta Program
    Motorola’s open beta program offers users early access to its AI features on select phones.
    Read more

  • Google Chrome’s AI Tool for Website Trustworthiness
    Google Chrome introduces an AI feature that helps users assess website reliability through summarized reviews.
    Read more

  • LinkedIn Adds AI Hiring Assistant
    LinkedIn’s new AI Hiring Assistant streamlines recruiting tasks, giving users more time to focus on impactful work.
    Read more

  • The Browser Company Develops AI-Powered Browser
    The Browser Company is developing Dia, an AI-driven browser set to launch in 2025.
    Read more

Closing Thoughts

From accessibility breakthroughs to record-breaking funding rounds, AI continues to reshape industries and spark global conversations. Stay informed and inspired as we witness AI’s transformative journey. See you next week!