Your AI News Recap - AI Agents, The Industry Returns To Reason, and More Event Coverage

For those that are new around here, this is an extension of my weekly newsletter where I highlight new and innovative AI products that are worth exploring.

Hey hey!

Happy Wednesday!

Here’s your news in newsletter!

Strap in, we have another big issue this week!

In this Issue:

• Your Weekly Industry News Recap

• ANOTHER ADVENTURE ✈🌎📰

• The Raise Recap

The Headliner: Mine For The Stars And Land Among The… Metals?

Space and AI: Unifying the Exploration Journey to Accelerate Mineral Discovery: 🚀
If you thought deep space mining was a thing of the future? well… you’re still correct, but we’ve got people starting that adventure in the coming months! An AI firm is teaming up with space tech to speed up mineral discoveries in the mining sector. This exciting partnership is revolutionizing the exploration journey, making it faster and more efficient than ever. 🛰️ Want to see how space and AI are changing the game for miners? Read more

Your Weekly Industry News Recap

Some other notable news and product launches from this week

• Surojit Chatterjee, Founder and CEO at EMA - Interview Series: 🌟 Get insights from Surojit Chatterjee, the mind behind EMA, in this exclusive interview! He shares his vision for the future of AI and how his company is leading the way in AI-driven innovation. 🤖 Want to hear about his journey and what’s next for EMA? Read more

• 2024 AI Awards Shortlist Announced: 🏆 The 2024 AI Awards shortlist is out, showcasing the best in AI innovation across various sectors. From cutting-edge technologies to breakthrough solutions, this year's contenders are pushing the boundaries of what's possible with AI. 🌐 Curious to see which companies made the cut? Read more

• The Shift Toward Smaller, Specialized AI Models: 💡 Instead of massive, one-size-fits-all AI models, companies are focusing on smaller, specialized models to tackle specific tasks more efficiently. This shift is all about making AI work smarter, not harder, with tailored solutions for industries like finance and healthcare. 🏥💰 Want to know how these specialized models are changing the game? Read more

• The Prompt Anti-AI Pledges Gain Popularity: 🚫 As AI continues to grow, so does the movement against its unchecked use. The prompt anti-AI pledges are gaining traction, with people voicing concerns over AI’s impact on jobs, privacy, and ethics. 🤔 Curious about why this anti-AI sentiment is on the rise? Read more

• SymphonyAI Wins Best Financial Crime Investigation Award: 🥇 SymphonyAI has snagged the top spot in the Best Financial Crime Investigation and Reporting Solution category at the 2024 Fraud & AML Impact Awards. This recognition highlights their innovative approach to tackling financial crime using AI. 💼🔍 Want to see what sets SymphonyAI apart in the fight against financial fraud? Read more

AGAIN? THE AI PRODUCT REPORT IS OFF ON ANOTHER ANOTHER ADVENTURE ✈🌎📰?!

If you thought last week’s announcement for SaaS North 2024 was enough, think again! I’ve got more in store for you.

With barely over a week to go for the main event, I’ve landed you even more coverage for topics you love. This time around, I’ll be attending ALL IN 2024! An AI event that’s attracted quite a few large players in the corporate space & academic circles. I’m excited to see what kinds of discoveries I’ll make 🎉💼✨ Expect me to report back soon!

This Week’s Raise Recap

• Trunk Tools Raises $20M to Expand AI Agents for Construction: 🏗️ Trunk Tools has just secured a whopping $20M in Series A funding, led by Redpoint Ventures, to supercharge their suite of AI agents designed for the construction industry. These smart agents aim to revolutionize how construction projects are managed, making sites safer and more efficient. 🚧 Ready to see how AI is transforming the construction landscape? Read more

• Opkey Scores $47M to Advance AI Test Automation: 💻 Opkey has landed $47M in Series B funding, thanks to PeakSpan Capital, to enhance their AI-powered test automation platform. This funding will help Opkey expand its capabilities and continue providing cutting-edge solutions for software testing. 🧪 Want to know how Opkey is changing the game in test automation? Read more

• Why Investors Are Starting to Pass on AI Startups: 🤔 Big AI models may sound impressive, but they come with hefty price tags and uncertain ROI. Investors are now looking at smaller, specialized AI models and open-source tech for more sustainable growth. 📉 Curious about this shift in investment trends? Read more

• Fintech Startup Lettuce Financial Raises $15M in Series A: 🥬 Lettuce Financial has just wrapped up a $15M Series A round to fuel new partnerships, product development, and growth initiatives. The fintech startup is focused on offering innovative financial solutions and expanding its market reach. 💸 Interested in how Lettuce Financial is shaking up the fintech space? Read more

• Amazon to Acquire AI Chipmaker Perceive: 🛒 Amazon is set to acquire Perceive, an AI chipmaker, to boost its large language models (LLMs) at the edge. This move aims to enhance Amazon's AI capabilities, making their services faster and more efficient. 🤖 Want to see how this acquisition could impact Amazon's tech stack? Read more

• AMD to Buy ZT Systems, Expanding AI Data Center Capabilities: 🚀 AMD is on the move, planning to acquire ZT Systems to bolster its AI capabilities in data centers. This acquisition will allow AMD to offer more powerful and efficient solutions for AI-driven workloads. 💡 Eager to see how AMD is strengthening its position in the AI race? Read more

• EliseAI Raises $75M to Boost AI Solutions for Housing: 🏡 EliseAI, a leader in AI solutions for the housing market, has raised an impressive $75M in a Series D funding round, valuing the company at over $1 billion. This funding will support the development of more innovative AI-driven tools for property management and real estate. 🏙️ Curious about the future of AI in housing? Read more

The AI Product Report Services?

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Stay well, and see you Friday!

-✌🏽 Sam