AI News

Amazon has unveiled plans to integrate innovative AI-powered package retrieval technology into its electric vehicle fleet. This advanced vision-based technology aims to enhance delivery efficiency by allowing drivers to quickly identify priority packages.

Jony Ive, the renowned designer who stepped away from his full-time position at Apple five years ago, is embarking on an exciting new startup in collaboration with OpenAI and its CEO, Sam Altman. This partnership was initially reported last year, and Ive recently confirmed it in a profile by The New York Times discussing his activities since leaving Apple.

OpenAI's New Reasoning Models: A Step Toward Reducing Bias in AI

Ello, the AI reading companion designed to help children struggling with reading, has launched a new feature that engages kids in the story-creation process.

Chipmaker Nvidia achieved $30 billion in revenue during the last fiscal quarter, primarily fueled by the AI industry's relentless demand for GPUs. These graphics processing units are crucial for training and running AI models, as they feature thousands of cores that operate in parallel, efficiently solving the linear algebra equations that underpin these models.

Arne Schepker, the CEO of the renowned Berlin-based language learning platform Babbel, is stepping down, with co-founder and former CEO Markus Witte returning to lead the company “into a new phase while patiently searching for Arne’s successor,” according to company statements. Notably, this new chapter will focus on integrating AI into Babbel’s offerings.

Apple Intelligence, the new suite of AI capabilities debuting in iOS 18, is set to revolutionize how we engage with apps.

Snap Expands AI Tools for Creators at Snap Partner Summit

ChatGPT, OpenAI's revolutionary text-generating AI chatbot, has made waves since its debut in November 2022. Originally designed to enhance productivity through quick essay and code writing with minimal prompts, it has transformed into a powerhouse, utilized by over 92% of Fortune 500 companies. This remarkable growth has placed OpenAI at the forefront of AI innovation, significantly bolstered by its recent partnership with Apple, paving the way for the upcoming generative AI tool, Apple Intelligence.

Stefanos Loukakos, the former director of Meta’s business-centric Messenger division and briefly involved in the company's blockchain efforts, observed several years ago that online retailers faced challenges in effectively reaching potential customers. He believed the issue stemmed from poorly targeted marketing campaigns. Many merchants resorted to sending generic messages via social media, text, and email, which often failed to engage buyers and drive conversions.

11x.ai, a rising startup specializing in AI-driven sales development bots, has successfully secured approximately $50 million in Series B funding, as reported by sources. This funding round, led by Andreessen Horowitz, values the company at around $350 million. This latest investment follows its previous Series A funding of $24 million, which was spearheaded by Benchmark and included participation from other notable investors such as 20VC, Project A, Lux Capital, and SV Angel. While 11x.ai announced its Series A round earlier this month, it was revealed that the deal actually closed earlier in 2024, with the company valued at $90 million at that time.

As a leading force for digital artists worldwide, Adobe holds a crucial responsibility in combatting the increasing threats of AI-generated deepfakes, misinformation, and content theft. To address these challenges, Adobe is set to unveil its Content Authenticity web app in beta by the first quarter of 2025. This innovative tool will empower creators to apply content credentials to their work, establishing clear ownership.

Data powers our world, but only when accessed effectively and utilized wisely. With approximately 90% of enterprise data remaining unstructured and organizations leveraging less than 1% for decision-making, it’s clear that businesses face a significant challenge with unstructured data.

LG will unveil a compact bipedal robot at CES 2024, featuring AI capabilities for home monitoring, alerts for forgotten appliances, and smart home updates. It includes face recognition, emotional analysis, and mobility for pet monitoring and security functions. Integration with existing smart systems is unclear.

Generative AI is rapidly growing, with the U.S. securing 89% of global funding, primarily driven by OpenAI. Investment in startups surpassed $22 billion, with significant growth in LLMs and applications. AI chip demand is rising, notably in China, impacting market dynamics and infrastructure.