AI Business Weekly: Top Stories & Key Moves - May 6, 2024

In this edition, we'll bring you up to speed on the latest advancements in AI, while also revisiting some of the top news stories from last week. From breakthrough innovations to pivotal regulatory shifts, we'll explore the diverse facets driving the future of AI.

Join us as we delve into groundbreaking developments and uncover the transformative potential of artificial intelligence.

AI Innovations and Research Advances:

• China's Vidu Emerges as Sora Challenger in Text-to-Video AI Race: ShengShu has launched Vidu, a text-to-video AI model, marking China's continued advancement in AI, though still trailing behind OpenAI's Sora in generation capabilities. Read more

• OpenAI's Memory Feature for ChatGPT Plus: OpenAI announced the Memory feature that allows ChatGPT to store queries, prompts, and other customizations more permanently, now available for ChatGPT Plus paying subscribers outside of Europe or Korea. Read more

• Stardust S1 by Stardust: This new AI humanoid robot from Chinese startup Stardust, capable of household tasks, is expected to hit the market by the end of 2024. Read more

• Adobe Firefly Image 3: Adobe rolls out a new iteration of its free AI image generation model, along with significant AI enhancements to Photoshop. Read more

• Apple's Research on Efficient Large Language Model Inference: Apple explores efficient large language model inference techniques to enhance Siri's performance, aiming for faster and more efficient AI operations. Read more

• Protecting Against Deepfakes: Researchers call for a shift in AI development to protect against deepfakes, particularly addressing the risks posed to women and the potential impact on elections. Read more

Industry Dynamics, Politics, Governance, and Trends:

• Apple and OpenAI Partnership Talks: Apple is reportedly revisiting discussions with OpenAI for a partnership, potentially integrating OpenAI's features in iOS 18, aiming for another major AI adoption moment. Read more

• DHS Forms AI Safety and Security Board: The U.S. Department of Homeland Security (DHS) forms an AI Safety and Security Board to provide counsel on the safe and secure deployment of AI in critical infrastructure. Read more

• Addressing AI Threats in Elections: Concerns rise about the potential impact of AI deepfakes, hackers, and trolls on the 2024 election, prompting discussions on safeguarding against AI-related disruptions. Read more

Investments and Growth:

• Strategic Partnership between The Financial Times and OpenAI: The Financial Times announces a strategic partnership and licensing agreement with OpenAI to enhance ChatGPT with attributed content and collaborate on developing new AI products and features for FT readers. Read more

• CoreWeave's $1.1 Billion Funding: AI cloud infrastructure startup CoreWeave secures a $1.1 billion funding round led by Coatue, valuing the company at $19 billion and reflecting the increasing investments in AI-related startups. Read more

• Motional's $475 Million Investment: Hyundai invests $475 million directly into self-driving startup Motional, indicating significant support for AI-driven autonomous vehicle technology. Read more

• Nvidia's Acquisitions in the AI Industry: Nvidia acquires Run:ai and Deci AI, furthering its expansion in the AI industry and enhancing capabilities for AI model development. Read more

Conclusion:

As we conclude this week's edition of AI Business Weekly, we recognize the rapid pace of advancements and developments in the field of artificial intelligence. From innovative research to strategic partnerships and significant investments, the AI landscape continues to evolve, presenting both opportunities and challenges. We appreciate your continued support and invite you to join us next week as we delve further into the dynamic world of AI.