AI's Wild Ride: NVIDIA Swings At GPT-4 & Other Top Stories of the Week

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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

• Thought Bytes

• The Raise Recap

The Headliner: NVIDIA releases new open-source AI model rivaling GPT-4

Buckle up, AI enthusiasts! NVIDIA just unveiled a game-changer: a massive, open-source AI model rivaling the powerful GPT-4. This free and customizable alternative empowers developers and could shake things up! This announcement is significant because it challenges the dominance of proprietary AI models like GPT-4 and offers a more accessible and customizable alternative for developers. Read the full story.

Your Weekly Industry News Recap

Some other notable news and product launches from this week

• Google is working on reasoning AI, chasing OpenAI's efforts: Google is developing AI software that can reason and solve multistep problems, similar to OpenAI's o1 model, as the tech giants compete to advance AI capabilities.

• Countries race to build national AI factories: The global competition to develop AI capabilities highlights the strategic importance of AI and its potential impact on national security and economic competitiveness.

• Skyflow launches sensitive data protection for Snowflake AI Data Cloud and Gen AI Applications: This news addresses a critical concern in AI development, which is the protection of sensitive data, and offers a solution for organizations to securely leverage AI technologies. Here we go!

• CEVA and Edge Impulse reshape edge AI development with NPU collaboration: This partnership is important because it advances the development of edge AI, enabling AI applications to be deployed closer to the data source, improving efficiency and reducing latency.

• Harnessing AI innovation across federal agencies: The growing interest in AI among federal agencies indicates the potential for AI to improve government services and address societal challenges, while also highlighting the need for responsible and ethical AI development.

• Visionet Ventures launches Reteta, an AI-powered solution to automate medical documentation and enhance patient care delivery: Visionet Ventures has launched Reteta, an AI-powered clinical care application that automates medical documentation tasks, reducing the administrative burden on healthcare professionals and allowing them to focus more on patient care. 

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THOUGHT BYTES - The Future Is Weird

Buckle up, because the future is about to get a whole lot weirder! This article explores the strange and unexpected ways technology is shaping our world. Get ready to laugh, learn, and be inspired.

This Week’s Raise Recap📈💰 

• Hedosophia leads $7M seed round into Ameba (retail supply chain AI startup): Hedosophia is investing in Ameba, a startup using AI to revolutionize retail supply chains. Can AI optimize inventory management and streamline logistics? READ MORE at TechCrunch.

• Smartskn secures $7 million partnership to launch AI skincare robots in the US: SmartSKN, an AI-powered beauty solutions company, has partnered with LillyCover Korea to launch AI-driven skincare robots in the US, offering personalized skincare solutions based on AI skin analysis.

• Nuما (numa) secures $32M Series B for AI-powered auto dealership platform: numa is transforming the car buying experience with an AI-powered platform. READ MORE at NBC4i.com to see how this could impact car dealerships.

• Voliro secures $12M Series A funding for aerial robotics in industrial inspections: Voliro is taking industrial inspections to new heights with AI-powered aerial robotics. READ MORE at SUAS News to see how drones are being used for inspections.

• Harmonic Security raises $17.5M Series A to accelerate data protection solutions: Harmonic Security is developing cutting-edge data protection solutions. READ MORE at BusinessWire.com to see how they're leveraging AI for data security.

• Cerebras Systems nears IPO date: A leading AI chipmaker, Cerebras Systems, is nearing its IPO. This is an NVIDIA competitor entering the scene in as big of a raise as possible. I’ll be keeping tabs on this players and its potential moves in the AI hardware space.

• GE Healthcare completes $53M acquisition of AI ultrasound business: GE Healthcare is investing in AI ultrasound technology. READ MORE to see how this could improve healthcare diagnostics.

💭 FOOD FOR TOUGHT 💭

8 issues AI firms may encounter as M&A action accelerates: Law firm Cooley has identified eight potential issues that AI firms may face as mergers and acquisitions activity in the AI sector increases, including valuation challenges, intellectual property risks, and regulatory hurdles.

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Stay well, and see you Friday!

-✌🏽 Sam