AI News

Adobe has launched new Firefly tools for Photoshop and Illustrator, enhancing the capabilities of graphic designers with innovative AI features. These new tools enable creative professionals to generate textures and images by simply entering brief prompts, drastically reducing the time spent on design tasks.

Concerns Over ChatGPT Conversations After OpenAI Breach

Generative AI Startups Continue to Attract Major Funding, But Consolidation is Key

On Tuesday, the Federal Trade Commission (FTC) announced an investigation into eight companies that provide AI-driven "surveillance service pricing." This inquiry aims to gather information about how these technologies may impact privacy, competition, and consumer protection.

On Monday, TikTok unveiled its innovative generative AI avatars designed for creators and stock actors to enhance branded content and advertising on its platform. Additionally, the company introduced an “AI Dubbing” tool that empowers creators and brands to broaden their advertisements' reach.

Investment app Robinhood is enhancing its platform with advanced AI features by acquiring the AI-driven research platform, Pluto Capital, Inc. This acquisition, announced on Monday, aims to provide Robinhood users with tools to quickly identify market trends and investment opportunities, guide their investment strategies, and enable real-time portfolio optimization.

Vinod Khosla is currently enjoying a surge in popularity. The co-founder of Sun Microsystems and a prominent figure in the investment landscape—first with Kleiner Perkins and for the last two decades with his own venture firm, Khosla Ventures—has long been a favorite among founders thanks to his straightforward advice and his firm’s successful investments in companies like Stripe, Square, Affirm, and DoorDash. However, Khosla's decision to invest $50 million in OpenAI back in 2019, at a time when its future was uncertain, has amplified his visibility and influence in the tech space.

OpenAI is on a major acquisition spree.

In an effort to keep up with generative AI competitors like Anthropic and OpenAI, Google is enhancing the free version of its AI-powered chatbot, Gemini. These updates aim to boost performance and broaden accessibility.

As generative AI continues to transform various industries, the companies crafting chips to power these models are reaping significant rewards. Nvidia stands out, controlling an estimated 70% to 95% of the AI chip market. Major cloud service providers, including Meta and Microsoft, are investing billions in Nvidia GPUs, eager to stay competitive in the fast-paced generative AI landscape.

LiDAR has long been a fundamental component in the fields of autonomous vehicles and robotics. While it has become an industry staple, the technology comes with its drawbacks, the most significant being its high cost.

Introducing Genspark: The Next Generation of AI-Powered Search

Atlassian introduced Rovo six months ago as its innovative “AI teammate.” This cutting-edge solution integrates advanced search and chat-based AI features with intelligent agents designed to help users streamline their workflows in tools like Jira and Confluence. At the recent Team ’24 Europe event in Barcelona, Atlassian announced that Rovo is now generally available. Alongside Rovo, the company unveiled several new AI features that enhance its Atlassian Intelligence platform.

ClickUp has launched ClickUp Chat, an integrated communication tool within its project management platform, featuring AI tools from day one. It aims to enhance team productivity by connecting conversations with tasks and reducing reliance on multiple tools, offering a streamlined user experience at a starting price of $7/user/month.

The Mason City School Board in Iowa is using AI to identify books for potential bans following new legislation requiring age-appropriate materials. This automation raised concerns about censorship as 19 books have already been flagged for removal, emphasizing technology's growing role in education.