AI Business Weekly - October 22, 2024 Edition

Author

Sameer Khan
October 22, 2024 • Estimated Reading Time: 9 minutes

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Hello AI Enthusiasts,

Welcome to this week’s edition of AI Business Weekly, where we explore the latest breakthroughs in AI innovations, investments, political trends, and product launches. This week, we highlight AI’s role in global healthcare conferences, innovative tech collaborations, and the latest AI features from major players like Microsoft and Apple. Let’s dive into the key updates from the past week

AI Innovations and Research Advances

  • Mount Sinai Health System Leaders to Speak on AI Innovation and Global Collaborations at HLTH Vegas 2024
    Mount Sinai Health System leaders will present at the HLTH Vegas conference, held from October 20-23, focusing on AI innovations and international partnerships. David L. Reich, MD, and Szabi Dorotovics, MD, MBA, will be featured as panelists, showcasing global efforts to enhance healthcare outcomes through collaboration and technology.
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  • Red Hat Partners with Lenovo for Generative AI Innovation
    Red Hat announced a collaboration with Lenovo to deliver Red Hat Enterprise Linux AI (RHEL AI) on Lenovo ThinkSystem SR675 V3 servers. This partnership provides customers with a powerful AI-optimized platform, allowing them to efficiently develop, test, and run AI and generative models.
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  • Calgary Proptech Startup Brings AI Solutions to Real Estate
    Alberta’s tech scene is making strides as a Calgary-based proptech startup gears up to showcase its AI-powered real estate solutions during Innovation Week YYC. The startup aims to revolutionize property management through advanced AI technologies.
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  • Preserving Non-English Languages Through AI
    AI research groups like Masakhane, AI4Bharat, and AmericasNLP are working to preserve and promote non-English languages in the digital world. By developing AI tools tailored to local communities, these initiatives counter the dominance of English-centric AI, ensuring linguistic diversity.
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  • AI Generates More Innovative Research Ideas Than Experts
    A large-scale study reveals that AI-generated research ideas are statistically more innovative than those from human experts. When refined by human experts, these AI-generated concepts scored even higher in terms of novelty and excitement, underscoring AI's potential in research.
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Investments and Growth

  • Decagon Secures $65M for AI Customer Support Agents
    Decagon, a San Francisco-based AI startup, raised $65 million in a Series B round led by Bain Capital Ventures. The company, founded in 2023, is building AI-powered customer support solutions and has now raised a total of $100 million.
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  • Galileo Raises $45M for Generative AI Observability
    Galileo, an enterprise-focused generative AI platform, raised $45 million in Series B funding, led by Scale Venture Partners. The company aims to enhance generative AI evaluation and observability, bringing its total funding to over $68 million.
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  • Perplexity AI Aiming for $9 Billion Valuation in New Funding Round
    Perplexity AI, a startup challenging Google’s search engine dominance, is targeting a $9 billion valuation in its latest funding round. The company aims to leverage its AI-powered search solutions to redefine online search.
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  • Amplitude Acquires Command AI to Boost App Engagement Capabilities
    Amplitude has acquired Command AI, an app engagement startup, to enhance its digital analytics offerings. Command AI’s technology will support Amplitude in expanding its user engagement solutions across its platform.
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  • Lamarr.AI Raises $1.1M to Scale AI Diagnostics Technology
    Lamarr.AI, a proptech startup founded from research collaborations at MIT and Georgia Tech, raised $1.1 million in pre-seed funding. Led by Hazelview Ventures, this funding will help the company bring its building diagnostics AI tools to market.
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  • Survey Shows Europeans Distrust AI in Elections but Support It for Facial Recognition
    A recent survey indicates that while Europeans are wary of AI's role in elections, they are more trusting of its use in facial recognition for law enforcement and military purposes, showcasing a mixed perception of AI’s societal impact.
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  • AI Deepfakes and Election Scams Ramp Up Ahead of 2024 Elections
    As the 2024 election season heats up, scammers are increasingly leveraging AI deepfakes and misinformation to manipulate voter behavior, raising concerns about the technology’s role in electoral integrity.
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  • Boards Need to Prepare for AI Governance Challenges
    Deloitte’s latest survey shows that many corporate boards are still not fully prepared for the governance challenges AI presents. The report emphasizes the importance of enhancing AI understanding among board members to maximize its benefits and mitigate risks.
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  • Collaborative AI Governance Approach Vital for Global Progress
    As AI continues to expand globally, experts call for a human-centric and collaborative approach to AI governance. Balancing innovation with safety, this strategy aims to address ethical, employment, and safety concerns.
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  • Healthcare AI Governance Standards Released for Feedback
    The Institute for AI Governance in Healthcare (IAIGH) has released a new Healthcare AI Governance Standard for public feedback. This document aims to establish guidelines for the safe and ethical implementation of AI in healthcare settings.
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Latest AI Feature Releases

  • Microsoft Expands AI Features with New Copilot Updates
    Microsoft continues its AI journey by launching autonomous agents designed to streamline business processes. These updates aim to enhance productivity and compete directly with enterprise solutions like Salesforce.
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  • Motorola Introduces New AI Features in Mobile Browsing
    Motorola has launched the Circle to Search feature for its phones, enhancing AI capabilities and catching up with rivals like Samsung and Google in the AI-powered mobile browsing space.
    Read more

  • Apple Prepares to Launch iOS 18.1 with Apple Intelligence
    Apple is gearing up for the release of iOS 18.1, which introduces its Apple Intelligence suite. This update will bring AI-powered features to enhance user experience across iPhones and iPads.
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  • Apple Unveils New iPad Mini with Enhanced AI Capabilities
    The latest iPad mini, powered by the A17 Pro chip, comes with AI capabilities that boost performance and integrate Apple's AI software, Apple Intelligence, for improved user experiences.
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Closing Thoughts

This week’s updates highlight AI's growing impact across sectors—from global healthcare collaborations to enterprise tech solutions and feature-rich consumer devices. Stay tuned for more exciting developments next week!