AI Business Weekly: Top Stories & Key Moves - June 10, 2024

Welcome to AI Business Weekly, your trusted source for staying updated on the latest advancements in artificial intelligence. In this edition, we'll delve into groundbreaking innovations, regulatory developments, and significant investments shaping the AI landscape. From AI-powered sign language production to AI's role in financial crisis prediction, join us as we explore the diverse facets driving the future of AI.

AI Innovations and Research Advances:

• Introducing SignLLM: SignLLM, a multilingual Sign Language Production (SLP) AI model, generates avatar videos from text prompts in eight languages, offering a significant advancement for the deaf community. Read more

• Microsoft’s Copilot AI Lands on Telegram: Microsoft has integrated its Copilot AI chatbot into the popular messaging app Telegram, enhancing user experiences by embedding advanced AI tools across various platforms. Read more

• New Streaming Service with AI Shows: Showrunner, an AI-driven streaming service developed by Fable Studio, allows users to create and interact with animated content using artificial intelligence, revolutionizing the entertainment industry. Read more

• Amazon Project PI Uses AI to Detect Damaged Goods: Amazon's Project PI leverages AI to detect damaged goods before shipping, serving as a second set of eyes for its associates to ensure product quality. Read more

Industry Dynamics, Politics, Governance, and Trends:

• AI Chatbots Spreading Election-Related Disinformation: A study by Democracy Reporting International (DRI) reveals that popular AI chatbots, including Google Gemini and OpenAI’s ChatGPT, are intentionally spreading election-related disinformation. Read more

• Saskatchewan Urges Ban on AI Voice Cloning Ahead of Elections: Saskatchewan is urging the federal government to ban the use of AI for voice cloning to prevent misuse ahead of the upcoming provincial election. Read more

• AI May Soon Predict Financial Crises: The finance sector is poised for disruption as AI technologies advance, with capabilities to predict financial crises before they take root, enhancing risk management strategies. Read more

Investments and Growth:

• Elon Musk’s xAI Raises $6B: xAI, Elon Musk's generative AI startup, has raised $6 billion in series B funding, reaching a post-money valuation of $24 billion, marking it as a major contender in the AI race. Read more

• Pika Raises $80M for AI Video Generation: Pika, an AI startup focused on text-to-video software, has secured $80 million in funding, valuing the company at $470 million. Read more

• Forma.ai’s First Acquisition: Forma.ai has acquired fellow Toronto-based sales software startup SeaMonster, marking its first acquisition and enhancing its AI-powered sales performance management solutions. Read more

Conclusion:

As we draw the curtains on this week's edition of AI Business Weekly, we recognize the ever-evolving nature of artificial intelligence. From regulatory milestones to transformative innovations, the AI landscape continues to redefine industries and societies. We extend our gratitude to our dedicated readers for their unwavering support. Join us next week as we continue to navigate the dynamic world of AI, together.