Microsoft Says Less Hallucinations 😵 AI for Greener Construction 👷🏽‍♀️ Read It All, on This Week's News Recap

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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.

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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

• The Raise Recap

The Headliner: Microsoft gives us more, and reduces hallucinations

Microsoft introduced a series of new AI features designed to tackle hallucinations—instances where AI models generate incorrect or misleading information—and to strengthen user privacy. These updates focus on enhancing the reliability of AI-generated outputs in platforms like Azure OpenAI Service and Copilot, ensuring that the models provide more accurate and factual information. ⚠ WE HAVE A CORRECTION FEATURE NOW 🚨 Microsoft emphasized the importance of explainability, allowing users to better understand how AI arrives at its conclusions, which can foster greater trust in AI-driven solutions across various industries.

Additionally, Privacy enhancements include new tools for data encryption, minimizing data exposure risks in enterprise settings.

Your Weekly Industry News Recap

Some other notable news and product launches from this week

• How CIOs can prepare for AI data regulation changes 🤓
  This article discusses the upcoming changes in AI data regulation and how CIOs can proactively prepare their organizations. It highlights the importance of data governance and compliance in navigating these new regulations.

  The Full article if you want to read it!

• Quad collaborates with Google Cloud to launch AI marketing solutions 🤝🏽
  Quad partnered with Google Cloud to offer AI-powered marketing solutions. These new tools will leverage AI to optimize marketing campaigns, helping businesses enhance personalization and efficiency in their strategies. Read More

• New AI tool launched to protect nature during infrastructure development 🌳🏗
  A new AI tool has been launched to help safeguard the environment during infrastructure projects. The technology aims to predict and mitigate the environmental impact of construction activities, ensuring more eco-friendly development. Read More

• 🏀AI’s role in sports 💪🏽: Boosting efficiency and unlocking new revenue 💰
  This article explores how generative AI platforms are revolutionizing the sports industry. AI is enhancing performance analytics, streamlining operations, and creating new revenue opportunities through automation and personalized content. Read More

• Meta VP discusses the need for 🔍transparency in AI 🧠
  A Meta VP highlighted the need for increased transparency in AI to help users make informed decisions. The focus was on how greater openness can improve trust and ensure the ethical development of AI technologies. Read More

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This Week’s Raise Recap

1. Illuma Labs raises $9 million in Series A funding
   Illuma Labs, known for its AI-powered voice authentication technology, raised $9 million in Series A funding. The company plans to enhance its product and expand its market presence in identity verification for financial institutions. 🔊

2. Findable raises €9 million in Series A funding
   Norwegian tech startup Findable secured €9 million in Series A funding. The company will use the capital to advance its digitization platform for documents, aiming to streamline and automate processes in real estate and construction.

3. PepSales raises $11 million to revolutionize B2B sales with AI
   PepSales, a SaaS platform, raised $11 million to improve B2B sales through AI-powered personalized demos. The funding will go towards expanding the platform’s capabilities and boosting its global reach. 💼

4. Flinn AI secures €10 million to automate medtech compliance
   Vienna-based Flinn AI raised €10 million to develop AI solutions for automating quality and regulatory compliance in the medtech industry. The company aims to simplify complex compliance processes for medical technology companies. 🥼🩺

5. Prepared raises $27 million to modernize emergency response
   👩🏽‍🚒🚒 Prepared, an AI startup focused on modernizing emergency response, secured $27 million in funding. The company’s technology aims to improve 911 systems by integrating advanced AI-driven communication tools. 🏥

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Stay well, and see you Friday!

-✌🏽 Sam