AI Business Weekly - November 13, 2024 Edition

Author

Sameer Khan
November 13, 2024 • Estimated Reading Time: 7 minutes

Hello AI Enthusiasts,

Welcome to this week’s edition of AI Business Weekly, where we cover the latest in AI innovations, research, investments, governance, and product advancements. This week, we're diving into Clarifai’s collaboration with the Berkeley Artificial Intelligence Research Commons, Amazon’s investment in AI research, and the growing importance of AI governance in healthcare. Let's jump into the details!

AI Innovations and Research Advances

  • Clarifai Joins the Berkeley AI Research Commons
    Clarifai, a leader in AI orchestration and development, has joined the Berkeley Artificial Intelligence Research (BAIR) Lab’s Open Research Commons. This partnership will allow Clarifai to work closely with BAIR researchers, enhancing its commitment to pioneering AI research and development.
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  • The Critical Role of Networking Infrastructure in AI
    As AI rapidly advances, networking infrastructure is proving essential to support AI development. With the rise of large language models and complex AI applications, robust networking is critical for sustainable AI innovation.
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  • The GenAI Shift: Big Firms Driving Future AI Innovation
    As generative AI evolves beyond the hype, major corporations are leading the way in driving tangible value from GenAI, making big companies central to the future of AI.
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  • Graph-Based AI Models: Mapping the Future of Innovation
    MIT’s Professor Markus Buehler has developed a graph-based AI model that identifies hidden links between science and art, suggesting novel materials and future innovations.
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  • Canada’s AI Safety Institute
    The Canadian government has launched a new AI research institute in Montreal dedicated to studying AI’s risks, aiming to build public trust and safe development practices in the AI field.
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Investments and Growth

  • Amazon’s $110 Million University AI Investment
    Amazon is dedicating $110 million to university research in generative AI. This initiative, “Build on Trainium,” will provide universities with computing power to develop new AI models and machine learning libraries using Amazon's Trainium UltraClusters.
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  • Andreessen Leads $50M Investment in AI Startup 11x
    Andreessen Horowitz has spearheaded a $50 million funding round for 11x, an AI-focused startup, marking a significant investment in emerging AI technology.
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  • Writer Raises $200M at $1.9B Valuation
    San Francisco-based Writer has closed a $200 million Series C round, valuing the generative AI platform at $1.9 billion and reflecting strong investor confidence in enterprise-focused AI solutions.
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  • Alphabet Joins $5.6B Funding Round for Waymo
    Alphabet has joined a $5.6 billion funding round for Waymo, pushing the valuation of the autonomous driving company to an impressive $45 billion.
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  • OpenAI Acquires Chat.com
    OpenAI has officially acquired Chat.com, directing it to ChatGPT. Previously owned by HubSpot’s CTO, the acquisition adds a high-value domain to OpenAI’s brand assets.
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  • What Trump’s Election Win Means for AI
    Donald Trump’s re-election could bring significant changes to AI policy, climate regulations, and science funding. However, implementing all promised changes may be challenging.
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  • Africa's Evolving Role in AI Governance
    Africa is positioning itself as a crucial player in AI governance, with increased efforts to transition from a consumer to a contributor in the global AI landscape.
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  • AI Governance Micro-Credentialing for Healthcare
    ALIGNMT AI has partnered with the HFMA to offer AI governance micro-credentialing for healthcare leaders, equipping professionals with essential skills for responsible AI implementation.
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  • China’s Strategy for AI Dominance
    China’s ambitious AI strategy aims for world leadership in AI, echoing Vladimir Putin’s assertion that global leadership in AI will secure global power.
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  • UK’s AI Risk Management Platform
    The UK government has launched an AI assurance platform to help businesses manage AI risks, promoting transparency and trust in AI technologies.

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Latest AI Feature Releases

  • Apple Rolls Out AI Intelligence Features in iOS 18.2 Beta
    Apple is testing new generative AI features with the iOS 18.2 beta, offering functionality akin to ChatGPT on iPhone 15 Pro, iPads, and newer Macs.
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  • Windows Insiders Get New AI Tools in Paint and Notepad
    Microsoft has introduced AI capabilities in Paint and Notepad for Windows 11 Insiders, enabling innovative experiences for creative and professional users.
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  • Snowflake Adds AI Enhancements to Data Platform
    Snowflake has unveiled new AI features for its data platform, bolstering data management and security for enterprise clients.
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  • Acquia’s AI-Powered DAM Tools for Video and Image Management
    Acquia has launched new AI-driven video and image capabilities within its Digital Asset Management (DAM) system, improving content creation and management workflows.
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  • Microsoft Adds Copilot AI to M365 Consumer Plans
    Microsoft’s Copilot AI is now available in M365 Personal and Family subscriptions in several regions, marking a new chapter in AI-assisted productivity.
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Closing Thoughts

AI continues to impact global policies, industrial strategies, and consumer technologies. From Amazon’s significant investment in generative AI research to new AI-enhanced products, this week’s developments emphasize the growing influence of AI across sectors. Stay tuned for next week’s edition, where we bring you more on AI’s evolving role in our world.