Your weekly briefing on all things AI

Recently we covered the surge in demand with AI adoption soaring to new heights. This week, let’s look at the technologies that are unlocking the supply. We are seeing the flywheel of AI play out in real-time when businesses are using AI to build better AI.

Let’s dive in:

📰 Nvidia’s Advantage: 20,000 Startups Building On Their Platform

📈 Founder AI: An AI Powered Networking Tool for Startups

💡 Microsoft unveils Copilot+ PCs: A new era in AI-powered computing

 🛠️ AI-Powered Image Generative Tools

📰 AI in the News

Nvidia's AI Dominance Surges: 20,000 Startups Fuel Unprecedented Growth

Nvidia's artificial intelligence (AI) technology continues to experience exceptional growth. A recent report indicates an impressive 20,000 startups are actively building on their platform, driving significant demand. This translates to a remarkable 427% year-over-year increase in their data center business.

Responding to this surge, Nvidia is innovating at a rapid pace. The company recently unveiled the "Blackwell" platform for faster AI training and is exploring ethernet networking solutions for AI applications, aiming to expand their market reach. Looking ahead, Nvidia anticipates continued growth across all markets in the coming quarter, solidifying their position as a leader in the evolving AI landscape. (Full Article)

Microsoft Makes Moves with Devin

Devin, a disruptive software development tech that we’ve discussed in previous weeks, has struck a major deal with Microsoft. This collaboration brings together Cognition Labs' innovative AI agent Devin (autonomous software debugging & development) with Microsoft's cloud platform Azure and developer tools to provide autonomous assistance to developers for tedious coding tasks. Initial use cases will center around code migrations and modernization tasks, but the possibilities are quite endless as the technology matures. The partnership follows a whopping $175 million funding round for Cognition Labs, valuing the startup at $2 billion. Developers can look forward to a new era of efficiency and creativity! (Full Article)

Scale AI’s Latest Research Points to Specialized Models In Our Future

Scale AI conducted a research survey with participation from 1,800 ML practitioners and leaders across various industries, excluding those not directly involved in AI or ML projects. Their research showed that companies fine-tuning AI models with domain-specific data see a 39% performance improvement over out-of-the-box models. 

They also found that contrary to the common belief, safety and security seem to take a back seat to performance and reliability, when it comes to  their clientele's priorities. The report is well written for technical and non-technical readers alike. You can check it out here:  (Full Research Report)

More Stories

• Big Tech Giants Pour Billions into Global AI Infrastructure. (Link)

• Geoffrey Hinton (& Snoop Dogg) Sound Alarm about AI's Potential Dangers. (Link)

• Amazon Plans AI Upgrade for Alexa with Subscription Model. (Link)

• Anthropic Transforms Developer Console for Superior Prompt Generation. (Link)

• OpenAI’s $250M Deal with Wall Street Journal Publisher News Corp. (Link)

• New Research Reveals How GPT-4 is Disrupting Entire Industries. (Link)

• Meet the New Tech Rockstars: CEOs of AI Startups Backed by Microsoft and Amazon. (Link)

📈 Venture Deals 

Intently raises $3M to launch an AI-powered networking tool for startup founders

In a move to revolutionize startup fundraising, Intently, a company dedicated to supporting entrepreneurs, has announced the launch of Founder AI, an AI-powered platform that empowers startup founders by going beyond simply connecting them with investors. Founder AI leverages artificial intelligence to identify the most relevant investors for each startup and facilitates warm introductions, significantly increasing their chances of securing funding. (Link)

More Venture Deals

• Scale AI doubles valuation to $13.8B with $1B funding for data-labeling. (Link)

• CyberArk acquires Venafi for $1.54B, strengthening machine-to-machine security. (Link)

• DeepL secures $300M funding for AI language solutions. (Link)

• Microsoft's M12 leads $14M investment in CheckPhish creator, Bolster. (Link)

• Anomaly raises $1.45M for Layer 3 gaming platform powered by AI. (Link)

💡 Industry Impacts

🤖 Tech

AI for Everyone: Microsoft Announces Affordable Copilot+ PCs: Microsoft unveils Copilot+ PCs, a new category of AI-powered Windows machines boasting impressive performance and innovative features. Starting at $999, these PCs pack a punch with processors exceeding 40 trillion operations per second and all-day battery life. They boast unique AI features like Recall for activity retrieval, Cocreator for on-device image generation, and Live Captions for real-time translation. Partnering with major brands, Microsoft positions Copilot+ PCs as a new frontier in accessible AI computing. (Link)

🔐 Cybersecurity 

Tech Titans Unite: Meta, Match, and Coinbase Collaborate to Tackle Online Fraud: Tech giants like Meta, Match Group, and Coinbase are teaming up to combat the surge in online fraud and crypto scams through Tech Against Scams. With romance scams, social media fraud, and investment schemes costing consumers billions, the coalition aims to share insights, educate users, and collaborate with law enforcement to tackle the issue. The growing use of AI by scammers adds complexity, underscoring the need for collective action to protect users and maintain trust in digital platforms. (Link)

🛠️ Tool of the Week

A “Hidden Gem” Creative Suite for Digital Artists: Krea AI is a versatile suite of AI tools for digital creatives, offering real-time image generation, upscaling, and enhancement of low-resolution images. It features specialized applications like AI patterns and Logo Illusions for intricate designs and branding. With Krea Studio, users can collaborate on projects and integrate AI models. The intuitive interface allows real-time edits and adjustments to image attributes, supporting high-resolution refinements up to 8K. Ideal for both personal and professional use, Krea AI equips users to create stunning, high-quality visuals efficiently. (Link)

More AI Image Generators

Below are a mix of common and less common AI art tools. It can be fun to try the same prompt in all of them and see which outputs resonate with you the most. From a business perspective, AI image generative tools can enable rapid prototyping, artistic exploration, and custom content creation. Many companies already use these tools to save time, reduce costs, and spark creativity.

Tools To Try:

• OpenArt DALL-E

• Midjourney

• Copilot

• NightCafe

• Runway