Welcome to AI Future - your weekly one-stop shop for all things AI.

AI is filling more and more roles people used to think were “distinctly human.” How are people responding? With anxiety? Excitement? Both? Read on…

In the news this week:

• 🧑‍🎨 Adobe & AI Art

• 🎶 Meta & AI Music

• 😘 Tinder & AI Wingmen

• 🧠 Google & Your Brain Waves

📰 AI in the News

Adobe Staff Worry Their AI Could Kill the Jobs of Their Own Customers

When Adobe introduced its text-to-image generator Firefly, it was seen as a game-changer in the realm of graphic design. Input text, get a graphic. Simple, right? And in the context of the AI revolution, it seemed like the next logical step.

But here's the plot twist: by making design faster and easier, Firefly is reducing the need for human designers. That's a problem in a world where Adobe's software is primarily bought by human designers.

As AI takes center stage in tech innovation, Adobe's own AI might be threatening its customer base and, by extension, its revenue stream.

Firefly's effectiveness led to companies downsizing their design departments, and Adobe's own employees started worrying about job security.

Despite the concerns, Adobe's president of digital media, David Wadhwani, remains optimistic. He argues that Adobe has a history of introducing technologies that increase productivity and create jobs. But how this will pan out with their current AI advancements remains to be seen. (Full Article)

Meta’s AudioCraft: A New Muse or Just Noise?

Meta is the latest to join the text-to-music fray. Their AudioCraft comprises three models. MusicGen, trained on 20,000 hours of music, AudioGen, trained on public sound effect like barking dogs or footsteps, and an enhanced version of Meta’s EnCodec decoder allows users to create sounds with minimal artifacts, reducing audio manipulation.

Electronic audio has been a playground for musicians for decades, but AI-generated music creates sounds from text prompts and a vast library of sound data, offering a new dimension to music creation.

At present, AudioCraft's output might be more suited for elevator music or stock songs, but Meta envisions its new model as a game-changer, akin to how synthesizers revolutionized music.

"We think MusicGen can turn into a new type of instrument — just like synthesizers when they first appeared," Meta stated in a blog post. However, the company acknowledges the challenges in creating AI models capable of making music, given the complexity of audio data compared to written text.

It will be interesting to see how the evolution of these “artistic” technologies impact our culture, and the job security of the already starving artists. Many artists are lawyering up, while others like Grimes, have put out statements encouraging people using AI to replicate their voices. (Full Article)

More Stories

• Goldman Sachs forecasts $200 billion invested in AI globally by 2025 (link)

• Tinder is testing out a new personalized wingman to help users pick photos to feature on their profile (link)

• Google, in partnership with a Japanese university’s research team, translated brain waves into music (link)

• Elon Musk now owns AI.com (link)

• Coursera set to launch a personalized online learning coach (link)

• Palantir CEO urges development of AI weapons, declares 'Now or Never’ (link)

• US Airforce successfully uses AI Pilot (link)

• Kickstarter has a new policy for AI projects (link)

• Instagram will start flagging content that’s AI generated or AI edited (link)

• Orangewood has a vision for affordable robotic arms for manufacturing. (link)

• RoboAdvisors projected to manage $6 trillion of assets by 2027 (link)

💡 Industry Insights

🏥 Healthcare

Kaiser Permanente + AI: Kaiser Permanente's AI tool is helping prioritize patient needs, improving response times and healthcare efficiency. (link)

AI Brain Implants: Researchers have used AI-powered brain implants to restore movement and sensation for a man who was paralyzed from the chest down. (link)

AI x Predictive Healthcare: A recent study involving over 20,000 participants has shown that AI can be a powerful tool in predicting health risks. By analyzing body composition, the AI was able to identify individuals at a higher risk of dying from lung cancer and cardiovascular disease. (link)

Next-Level Drug Discovery: Atomwise is using AI to accelerate drug discovery, predicting molecular behavior to identify potential medicines. This could fast-track the fight against currently incurable diseases. (link)

AI Detecting Metabolic Diseases: Twinn Health, a British health tech startup that introduced an AI platform that combines AI and MRI technologies to detect and manage age-associated diseases early, with a particular emphasis on metabolic diseases, and has shown a 95% accuracy rate in early trials. (link)

🏠 Real Estate

AI Real Estate Agent Apps: Luxury Presence has launched Presence Copilot™, an AI-powered mobile platform that offers real estate agents branded mobile apps for client management and collaboration, along with features like AI-driven market insights and voice note transcription. The company announced a $19.2M Series B-1 funding round led by Bessemer Venture Partners. (link)

GPT for Commercial Real Estate: JLL (Jones Lang LaSalle Incorporated) has introduced JLL GPT™, a generative AI model designed to enhance insights and client outcomes in the commercial real estate sector. The tool leverages JLL's quality-assured CRE data, enabling facility managers to make more informed decisions and consultants to offer rapid workplace planning advice. (link)

Zillow + AI: Zillow's CTO David Beitel discussed the company's increasing use of AI, from enhancing customer interactions to optimizing marketing and assisting engineers with coding. While Zillow is integrating AI tools, Beitel emphasized that real estate agents remain essential, and the goal is to equip them with AI to improve their efficiency and interactions with users. (link)

👩‍⚖️ Legal

AI in Securities Industry Under Scrutiny: Massachusetts regulators are investigating investment firms' use of AI, with potential implications for AI use in the financial industry. (link)

Lawsuit Against Cigna’s Alleged AI Usage: Cigna Healthcare is facing a federal class action lawsuit in California alleging the company used algorithms to deny insurance claims en masse. The case raises questions about whether an algorithm can provide the individual case review required by law, or if only human review meets the standard. (link)

📈 Venture Deals

• CoreWeave secures $2.3 billion in new debt financing for GPU cloud, data centers (link)

• Jerry, an AI-powered car app raises $110 million in Series C, bringing total funding to date up to $242 million (link)

• GoStudent raises additional $95 million at estimated $3B+ valuation to leverage AI & VR for online tutoring (link)

• Inworld AI, which makes smarter video game characters, raised over $50M at a $500 million valuation (link)

• Protect AI raises $35 million for AI-specific security (link)

• Tromzo raises $8 million in an oversubscribed seed round to make enterprise security more efficient and actionable (link)

• Acelab raises $5.3 million to fuel supply search innovation to shake up the architecture industry (link)

🛠️ Latest AI Tools

• Hyperwriteai.com can now browse the web as your AI agent

• Magical.so: GPT-powered calendar for your meetings & work

• Hey-photo.com: Tune selfies and group photos with AI

• Supermanage.ai: Distill public Slack channels into written briefs

• Decktopus.com: AI-Powered Presentation Generator

• Useglaze.com: Ecommerce store where users can shop via text prompts

• Einbblick.ai: AI-native data notebook that writes and fixes code, plots beautiful charts, builds models, and much more.

• Gradio.app: Build & Share Delightful Machine Learning Apps

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