AI Journal - 124th Edition

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AI Journal
July 19, 2024

Welcome Back for Another Week of Exciting AI updates!
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Which US AI Startups Are Leading the Charge in 2024 with Over $100M Raised?
Curious about the powerhouses shaping the future of AI? In 2024, 28 US-based startups have emerged as industry leaders, each securing over $100 million in funding. These trailblazers are at the forefront of innovation, pushing the boundaries of what's possible with artificial intelligence. From groundbreaking advancements in machine learning to revolutionary AI-driven solutions across various sectors, these startups are not just raising substantial capital—they're redefining the tech landscape. Dive in to discover the names making waves and the incredible innovations attracting massive investor interest.
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Oxford Semantic Technologies Joins Samsung to Boost On-Device AI
Samsung has announced its acquisition of Oxford Semantic Technologies, a British startup specializing in advanced AI technology. While the deal’s value remains undisclosed, Oxford Semantic Technologies is renowned for its knowledge graph technology, which organized information into an interconnected web, mimicking human reasoning. This technology is set to enhance the personalization, including on-device AI for Samsung phones
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Apple Shares Surge to Record $3.62 Trillion Market Value
Apple's shares soared to $236.30, pushing its market value to a world-leading $3.62 trillion. Morgan Stanley, revising its annual iPhone sales forecast to 230-235 million units, increased Apple's share price target from $216 to $273, reflecting strong confidence in the company's growth prospects.
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Experience Claude 3.5 Sonnet: Fast, free and full of humor
Anthropic has unveiled Claude 3.5 Sonnet, the first model in its updated Claude chatbot series. Known for its speed and humor, Claude 3.5 Sonnet is available for free on Claude.ai, the Claude iOS app, and a newly released Android app as of July 16. Subscribers to Claude Pro and Team plans, costing $20 and $30 per user per month respectively, enjoy higher daily rate limits. Two more models, Claude 3.5 Haiku and Claude 3.5 Opus, are set to launch later this year.
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AI Adoption in Japan: 25% of Companies Embrace Technology, 40% Remain Hesitant
A Reuters survey by Nikkei Research revealed that nearly 25% of Japanese companies have integrated AI into their operations, while over 40% have no plans to do so. Conducted from July 3-12 with 250 anonymous responses, the survey also found 35% of firms planning future AI adoption, showing varied levels of technological embrace.
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AI FUNDING

INTERESTING POSTS

  • Transforming CSP Operations: The Role of AI in Simplification and Modernization. Link

  • Types of Artificial Intelligence That You Should Know in 2024. Link

  • This AI Appreciation Day, Social Media Conversations About AI Grow Over 386% AS Indians Embrace New AI Era. Link

  • This 4-word phrase can catch most bots on social media. Link

  • Why Major Companies Like Nvidia, Tesla, and Amazon Are Investing Heavily in AI-Powered Humanoid Robots

  • First Look: TOPAZ PHOTO AI Version 3.1.0

AI PREDICTIONS

AI COURSES

AI IN APPLICATION

  • AI in Healthcare: Opportunities and Obstacles. Link

  • Atlantic Health System CIDO Shares Insights on AI's Role in Enhancing Cybersecurity. Link

  • GenAI in Banking: Shaping the Future of Finance with Artificial Intelligence. Link

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