Tiferes Ventures: AI Future
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✨ AWS Launches No-Code App Builder

✨ AWS Launches No-Code App Builder

Will Kids Still Need to Learn to Code?

Clark Valberg
July 17, 2024 • Estimated Reading Time: 11 minutes

Your weekly briefing on all things AI

Nvidia’s CEO Jensen Huang made a bold claim that’s becoming more true every week: “kids no longer need to learn programming.”

Amazon is the latest household name to join the No-Code fray, but recent releases from Anthropic (Claude 3.5) are also proving to take much of the leg-work out of coding. Shifting our mindsets towards use-cases and “what’s possible” will be the key ingredient to staying ahead. This week we’ve got some pretty remarkable disruptions in jobs ranging from open heart surgery to recruiting.

Let’s dive in:

📰 AWS App Studio: Amazon Enters The No-Code App Development Space

📈 Robots Get Smarter: Skild Raises $300M for AI "Universal Brain"

💡 KFSH&RC's Robotic Heart Surgery: 400 Surgeries & 98% Success Rate

🛠️ AI Recruiting Tools: Potentially Replacing Expensive Recruiter Fees

📰 AI in the News

AWS Introduces App Studio: Empowering Non-Coders to Build Enterprise Software

Amazon Web Services (AWS) unveiled App Studio, a tool empowering non-coding technical professionals to build enterprise software. Users simply describe their desired application, and App Studio's generative AI generates the code. This enables IT professionals, data engineers, and product managers to create complex applications without coding expertise. App Studio supports multi-page interfaces, integration with various data sources, and business logic embedding. AWS ensures quality through testing and deployment pipelines, while addressing security and governance. Currently in preview, App Studio leverages advanced AI models for enhanced functionality. (Link)

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📈 Venture Deals

Skild AI Secures $300M to Build "Universal Brain" for Robots

Skild AI, a Pittsburgh robotics company, has closed a $300 million Series A funding round. This investment values the company at $1.5 billion. Tech giants like SoftBank and Bezos' investment firm are backing their ambitious project: developing a foundational AI model that acts as a universal brain for robots. Unlike current robots designed for specific tasks, Skild's AI aims to be adaptable and handle diverse situations. This could revolutionize robotics, allowing a single robot model to perform everything from delicate manipulation to navigating rough terrain. The company plans to use the funding to further develop this AI and scale its capabilities for future commercial deployment. (Link)

More Venture Deals

Hebbia secures $130M funding round, achieving a $700M valuation with $13M in profitable revenue. (Link)
Fireworks AI, backed by Sequoia and Nvidia, valued at $552M. (Link)
AI video startup gains backing from Index and Jared Leto, hits $500M valuation. (Link)
Exein Secures $15M in Series B Funding to Prevent Robotic Arm Malfunctions. (Link)
Medal raises $13M for its contextual AI assistant for desktops. (Link)
Spotlight Medical secures €6.2M in seed funding. (Link)
Enso secures $6M to bring AI agents to SMBs. (Link)

💡 Industry Impacts

🏩 Healthcare

KFSH&RC Achieves Milestone in Robotic Cardiac Surgery Program

King Faisal Specialist Hospital & Research Centre (KFSH&RC) achieved a milestone in its Robotic Cardiac Surgery Program, performing 400 surgeries since its launch in February 2019. The program reports a 98% survival rate and ranks among the top globally.

They handle complex cases, including procedures on children under 18 and redo surgeries on high-risk patients. Their program has introduced innovative techniques and reports improved patient outcomes, including reduced blood transfusions, shorter hospital stays, and lower costs compared to traditional methods. The program's influence extends internationally through training initiatives. (Link)

🏠 Real Estate

Atllas AI: Changing the Future of Real Estate Cold Calling

Real estate technology startup Atllas launched a new AI tool called Cold Call AI to make life easier for real estate agents who dread cold calling. This AI-powered platform can initiate calls, personalize scripts based on conversations, and help agents organize their work. Atllas founder Neema Bardi, a former real estate agent himself, says the tool is designed to improve efficiency and effectiveness of initial client connections. The company has received funding from several venture capital firms and has released 4 products so far. (Link)

⚖️ Legal

EU AI Act: Stricter Regulations for High-Risk AI Applications

The European Union has adopted a new regulation on Artificial Intelligence (AI) applications. The EU AI Act will come into effect on August 1, 2024. The regulation categorizes AI applications into different risk levels and imposes corresponding obligations on developers. High-risk applications, such as those used in law enforcement and critical infrastructure, will be subject to stricter regulations on data quality and anti-bias. The Act also includes a phased implementation approach, with some provisions taking effect as early as February 2025 and others extended to August 2027. (Link)

🛠️ Tool of the Week

AI-Driven Video Interviews: The Future of Global Recruitment

Kerplunk is an AI-driven recruitment platform that enhances hiring through asynchronous video interviews, allowing candidates to showcase their skills remotely. Supporting multiple languages, it promotes global talent acquisition and diversity. The AI capabilities automate candidate evaluation based on predefined criteria, and are totally transparent, ensuring fair and efficient assessments. Integration with HR systems streamlines administrative tasks and speeds up the hiring process.

More AI Recruiting Tools To Try:

Ribbon.ai - for human sounding phone screens.
Coderbyte - for AI driven skill assessment.
Manatal - for scaled up candidate sourcing with AI-driven prioritization
Interviewer.ai - for a Kerplunk alternative for candidate and interview assessment.