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NEWS

Elon Musk predicts superhuman AI will be smarter than people next year

"My guess is we'll have AI that is smarter than any one human probably around the end of next year," Elon Musk said during a live interview with Norges Bank CEO Nicolai Tangen on X.

JPMorgan CEO Jamie Dimon compares AI’s potential impact to electricity and the steam engine and says the tech could ‘augment virtually every job’

JPMorgan Chase CEO Jamie Dimon envisions artificial intelligence (AI) as a pivotal force in shaping the future of work, comparable to the transformative effects of electricity and the steam engine. In his annual shareholder letter, Dimon highlighted AI's potential to revolutionize not just JPMorgan but society at large, emphasizing the bank's commitment to harnessing AI with over 400 use cases identified and a growing team of AI experts.

Spotify launches personalized AI playlists that you can build using prompts

Spotify is enhancing its playlist creation with an AI touch, introducing a feature that allows users to generate playlists through written prompts. Initially available in the UK and Australia on Android and iOS, this feature broadens the scope of personalized playlists. The technology personalizes playlists by understanding users' tastes, and allows for adjustments such as “less upbeat” or “more pop.”

Microsoft is working on an Xbox AI chatbot

Microsoft is pioneering the integration of AI within the Xbox ecosystem, testing an AI-powered chatbot designed to offer streamlined support by automating responses to user queries and processing game refunds. This virtual agent, part of a broader initiative to harness AI for enhancing gaming experiences, could revolutionize player support by providing efficient, AI-driven assistance.

Other news

• South Korea to invest $7 billion in AI in effort to retain edge in chips (Link)

• Italy sets up €1B AI fund, mulls new penalties for the tech’s misuse (Link)

• Google unveils host of updates for AI Model for cloud computing customers (Link)

• Big Tech usually dismisses fears that AI kills jobs. Now it’s studying them (Link)

• Technology Tourism Is Hampering The Rollout Of AI And Deep-Tech (Link)

INSPIRING PROGRESS

Stable Audio 2.0 is here

AI or human? A new reality show tests if we can tell the difference

Higgsfield AI brings images to life

We’re reinventing the creative process

FURTHER STUDY

• More Agents Is All You Need (Link)

• Mixture-of-Depths: Dynamically allocating compute in transformer-based language models (Link)

• Visual Autoregressive Modeling: Scalable Image Generation via Next-Scale Prediction (Link)

• ReFT: Representation Finetuning for Language Models (Link)

VENTURE DEALS

• Cyera raised $300M at a $1.4B valuation for AI data security (Link)

• SiMa AI raised $70M to introduce a multimodal GenAI chip (Link)

• Symbolica raised $31M to develop AI systems to compete with OpenAI (Link)

• Lumana raised $24M for its AI-powered video security platform (Link)

• Prem Labs raised $14M for AI model innovation (Link)

• Archetype AI raised $13M for Newton™, a foundation model that understands the physical world (Link)

• Procurement Sciences AI raised $10M to revolutionize the government contracting business-development process (Link)

• TrojAI raised $5.75M for enterprise AI security (Link)

• Sifthub raised $5.5M to boost sales efficiency (Link)

• Scout raised $3M for AI for vineyards (Link)

• Nymiz raised €2.8M to boost data privacy in the era of generative AI (Link)

• Stanhope AI raised £2.3M to create models that use real-time data to predict what will happen next (Link)

Coming up:

• Investors in Talks to Help Elon Musk’s xAI Raise $3 Billion, Adding to Industry Arms Race (Link)

• Sam Altman and Jony Ive Raising Funding for Secret AI Device Company (Link)

• Generative AI startup Scale AI in talks to raise hundreds of millions in funding at near $13 billion valuation (Link)

That's it!

See you next week!

-Nathan Lands

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