The AI Product Report Is Back From Vacation! Your AI News Recap

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

• Microsoft A/NZ Acknowledges Local Energy Usage Increase Due to AI: 🌍 Microsoft's AI advancements in Australia and New Zealand are coming with a noticeable uptick in energy consumption. As AI continues to grow, the company is facing the challenge of balancing innovation with sustainability. ⚡ Curious about how they're addressing the power surge? Read more

• Personalized Skincare Is On The Way Alibaba Cloud Collaborates with Shiseido China on AI-Driven DrunkGPT: 🍸 Alibaba Cloud and Shiseido China are joining forces to create DrunkGPT, an AI-driven tool that takes product innovation to new heights. This quirky AI project aims to blend beauty and technology in a fun and unexpected way. 🎨 Curious about how AI and beauty are mixing? Read more

• AI-Enabled SaaS on the Rise as 60% of Companies Shift Towards AI Integration: 📈 AI is taking over the SaaS world, with 60% of companies now integrating AI into their operations. This shift is driving efficiency and innovation across various industries. 🤖 Want to know how AI is transforming business as we know it? Read more

• Consumers Increasingly Using AI Tools to Buy Products as 63% of Brands Say AI Is Already Impacting Their Marketing Strategies: 🛒 More and more consumers are turning to AI tools for their shopping needs, while brands are seeing AI as a game-changer in marketing. With 63% of brands already feeling the impact, AI is shaping how we buy and sell. 💡 Want to know how AI is influencing your shopping habits? Read more

• FTC Takes on Fake AI-Generated Online Product Reviews: 🚫 The FTC is cracking down on fake AI-generated product reviews that are flooding the internet. This move aims to protect consumers from misleading information and ensure that product reviews remain trustworthy. 🔍 Curious about how the FTC is tackling this AI-driven issue? Read more

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

For those who follow the Twitter (X) or LinkedIn, there’s no surprise here.

Happy to announce: I’m an early-bird covering the SaaS North Conference, Canada’s top conference for scaling SaaS companies, happening this November 13-14. 🎉 I know I’m a wee bit early in announcing it, but you should know I’m looking as far ahead as I can to get you more variety in AI news, and more interesting applications of AI in those stories.

Expect more a into the latest in SaaS: AI, B2B strategies, and the landscape as a whole. Plus, you’ll be getting exciting moments from any part of the event I can get you! Stay tuned for live updates and insider chats! 🙌

Can’t wait to see what SaaS North 2024 has in store! 💼✨

This Week’s Raise Recap

1. CIBC Innovation Banking Invests $10M in AI Pioneer Boosted.ai for Expansion: 💰 CIBC Innovation Banking is betting big on AI, investing $10 million in Boosted.ai to fuel its expansion. This move highlights the growing importance of AI in financial services as Boosted.ai aims to scale up its innovative solutions. 🚀 Want to see how this investment could shape the future of AI in finance? Read more

2. AI Chip Startups Sapeon Korea and Rebellions Confirm Their Merge: 🤖 Two AI chip powerhouses, Sapeon Korea and Rebellions, are merging to create a stronger force in the tech world. We mentioned them earlier when there was open interest, and now its confirmed. 🌐 Curious about what this merger means for the future of AI? Read more

3. Venture-Backed Startups Going Bankrupt at Alarming Rate: 🚨 The startup world is hitting a rough patch, with an increasing number of venture-backed companies going bankrupt. Economic pressures and market realities are making it tough for these startups to survive. 📉 Want to know what's driving this alarming trend? Read more

4. LVMH CEO Bernard Arnault's Family Office Invests in AI Startups: 💼 Bernard Arnault, the luxury giant behind LVMH, is diving into the AI world through his family office's latest investments. This strategic move shows how even the most traditional industries are embracing AI to stay ahead. 🌟 Wondering how AI could redefine luxury? Read more

5. Stryker to Buy care.ai to Boost Virtual Care Offerings: 🏥 Stryker is expanding its virtual care capabilities with the acquisition of care.ai. This deal is all about enhancing patient care through advanced AI-driven solutions in the healthcare space. 💡 Want to see how this acquisition is reshaping virtual care? Read more

The AI Product Report Services?

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Why wait? Book my services and let the magic happen.

Check out what I offer here and learn more about me here.

Stay well, and see you Friday!

-✌🏽 Sam