AI Business Weekly - December 31, 2024 Edition

Author

Sameer Khan
December 31, 2024 • Estimated Reading Time: 6 minutes

Hello AI Enthusiasts,

Happy New Year! 🎉
Welcome to a special edition of AI Business Weekly! As we usher in 2025, we’re thrilled to announce an exciting transition—starting next year, AI Business Weekly will become a daily newsletter! Our new format will bring you daily updates on AI funding rounds, acquisitions, and key industry developments, keeping you informed in real-time as the AI ecosystem continues to evolve. Thank you for being a part of our growing community, and here’s to a transformative year ahead!

Let’s dive into the final highlights of 2024.

AI Innovations and Research Advances

  • Five Smart Energy AI Innovations

    AI continues to reshape the energy sector with projects addressing sustainability challenges. This includes innovative applications in renewable energy management, efficiency optimization, and grid modernization.
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  • Megaforce Embraces AI for Smart Healthcare

    Megaforce, a leader in biomedical solutions, is integrating AI into healthcare innovations, focusing on wearables, database construction, and system integration to revolutionize patient care.
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  • AI is Reshaping the Property Market

    From property valuations to investment strategies, AI is driving a real estate revolution, transforming decision-making processes for buyers and investors.
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  • 2024’s Biggest Medical Breakthroughs

    AI-powered tools were central to this year’s major healthcare advancements, improving diagnoses and developing treatments for complex diseases.
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  • Voice-Based AI for Diabetes Detection

    Luxembourg researchers have developed a groundbreaking voice test powered by AI to detect Type 2 diabetes, providing an accessible and non-invasive screening method.
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Investments and Growth

  • Nodepay Raises $7M for Real-Time Data Infrastructure

    Nodepay secured funding to expand its decentralized platform, turning unused internet bandwidth into pipelines for AI training.
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  • Nuritas Raises $42M for AI-Led Vegan Peptides

    Backed by U2, Nuritas closed a Series C round to scale its AI-powered peptide discovery platform for sustainable food solutions.
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  • Stepfun Raises Hundreds of Millions

    Shanghai-backed Stepfun is advancing AI-driven gaming and interactive content after a substantial Series B funding led by Fortera Capital.
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  • Pixevia Secures €340K for Retail Tech

    Vilnius-based Pixevia is revolutionizing retail with AI-powered solutions, targeting global expansion after its latest funding round.
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  • HubSpot Acquires Frame.ai

    HubSpot’s acquisition of Frame.ai strengthens its AI scalability for customer experience optimization in a competitive market.
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Pixevia, a Vilnius-based startup specialising in AI-driven retail technologies, has raised €340k in a bridge round extension aimed at accelerating its global expansion.

  • China Leads in Generative AI Patents

    A new WIPO report reveals China’s dominance in generative AI patent applications, underscoring its leadership in this transformative field.
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  • How Digital Tools Shaped India’s Elections

    AI and social media played a pivotal role in India’s 2024 general elections, reshaping political campaigning for the world’s largest democracy.
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  • Misinformation in 2024’s ‘Super Year’ of Elections

    An estimated 3.7 billion people voted in 70+ countries this year, with misinformation and foreign interference posing significant challenges.
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Latest AI Feature Releases

  • LG Gram Pro Laptops with Hybrid AI

    LG’s new laptops combine on-device and cloud AI capabilities, leveraging Intel’s cutting-edge processors for seamless functionality.
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  • Apple Rolls Out AI in iOS 18.1

    Apple’s latest update brings AI tools like enhanced writing assistants and Siri upgrades to select iPhone and iPad models.
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  • Ray-Ban Meta Glasses Add AI Features

    Ray-Ban Meta Glasses now include real-time language translation, Shazam music recognition, and live AI capabilities.
    Read More

  • Amazon Kindle Scribe: AI-Powered eBooks

    Amazon’s new AI-powered Kindle Scribe revolutionizes the reading experience, making it a must-have for book enthusiasts.
    Read More

Closing Thoughts

2024 has been a groundbreaking year for AI, with innovations and funding reshaping industries across the globe. As we step into 2025, we’re excited to bring you daily updates on the rapid developments in this space. Stay tuned for more, and thank you for being a part of the AI Business Weekly community.

Here’s to a transformative New Year! 🥂