Your weekly briefing on all things AI

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Back to this week’s briefing…

As AI drives advances in areas like app development, brain wave decoding, and robotic mechanics, we’re witnessing the correlated rise of crucial debates on ethics, job displacement, and the authenticity of AI-generated content. Will AI be our greatest revolution or our biggest challenge? The most likely answer in the AI Future remains to be both.

Let’s dive in:

📰 Figma Pauses Latest AI Feature After Plagiarism Concerns Rise

📈 Robinhood Acquires AI Investing Platform Pluto 

💡 AI Decodes Brain Activity: The End of Vision Loss?

 🛠️ Add AI Features to Your SaaS: Customizable Co-Pilots to Offer Your Clients & Customers

📰 AI in the News

Figma Hits Pause on AI Design Tool After Accusations of Mimicking Apple's Weather App

Figma CEO Dylan Field has decided to temporarily shut down its "Make Design" AI feature after accusations surfaced that it was creating designs that closely resembled Apple's Weather app. The concerns were first highlighted by Andy Allen, who tested the tool and raised alarms about potential similarities. The feature, unveiled at Figma's recent Config conference, was meant to help users quickly generate UI layouts by simply describing what they needed.

However, its launch sparked debates among designers about the risks of unintentional plagiarism and the impact on job roles in the industry. Field admitted that there had been a lapse in quality control, blaming it on the underlying design systems. Figma plans to bring back the feature once they've thoroughly checked and fixed the issues. (Link)

Apple Gets a Seat At OpenAI’s Table

While Apple did not get a full seat on OpenAI's board, reports indicate that as a part of their recent partnership they got a non-voting observer position.

Here are the key details:

1. Phil Schiller, Apple's App Store chief and longtime executive team member, is expected to represent Apple in this observer role later this year.

2. As an observer, Schiller will be able to attend board meetings but will not have voting rights or serve as a director.

3. This arrangement is similar to Microsoft's position on OpenAI's board. Microsoft, which has invested about $13 billion in OpenAI, also holds a non-voting observer seat.

4. The observer role allows Apple to gain insights into OpenAI's operations, potentially facilitating the integration of AI technologies into Apple's products and services.

5. This development comes after Apple and OpenAI announced a partnership last month to integrate ChatGPT into Apple's operating systems.

This arrangement suggests potential deeper integration of OpenAI's technologies into Apple's products and services, which could significantly impact consumer technology in the coming years. It also raises questions about how Apple and Microsoft will navigate their roles as both partners and competitors within OpenAI's governance structure. (Link)

More Stories

• Russian disinformation lands on top of Google search results. (Link)

• Anthropic aims to develop new AI benchmarks to enhance AI safety. (Link)

• Waymo Robotaxi was pulled over by Phoenix police for a driving error. (Link)

• Zuckerberg shares updates on Meta’s new AR glasses and neural wristbands. (Link)

• Meta plans to integrate generative AI into metaverse gaming. (Link)

• Google announces a significantly faster AI training method. (Link)

• Stealth efforts bring Nvidia chips into China despite restrictions. (Link)

• X to enhance integration of Grok’s AI, according to app researcher. (Link)

• Cloudflare releases a new tool to block AI data-scraping bots. (Link)

• ElevenLabs challenges Adobe with a free AI voice isolator to remove unwanted noise and sound from any piece of content. (Link)

📈 Venture Deals 

Robinhood acquires an AI-powered investment research platform for an undisclosed sum and plans on making the tool available to its users. This acquisition stands out as another example of how businesses are building/acquiring AI tools in order to improve their customer’s experience with their already established value-prop, in this case, the ease of investing in the stock market. (Link)

More Venture Deals

• Founders Fund, led by Peter Thiel, invests $85M in open-source AI platform Sentient. (Link)

• Prodia raises $15M for expanding AI-inference infrastructure. (Link)

• Tembo grabs $14M to help organizations manage transactional, analytical, and AI workloads across various cloud platforms. (Link)

• Phaidra, an AI-powered virtual plant operator, raises another $12M bringing their total raise so far to $60.5M. (Link)

• Bitmagic garners $4M to develop an AI platform that creates 3D games from user prompts. (Link)

• NodaFi collects $3.5M to establish itself as the 'Salesforce for facility operations.' (Link)

💡 Industry Impacts

🏩 Healthcare

Dutch AI Decodes Brain Activity for Potential Vision Restoration. This breakthrough, now successfully tested on humans and monkeys, unlocks a future where vision loss is a memory and communication has the potential for a mind-blowing upgrade. The brain-computer interface revolution is here, and this is just the first chapter! (Link)

💵 Finance

Survey shows majority of investment firms are overwhelmed by AI advancements. Mayer Brown, a global law firm, surveyed 635 financial services business leaders and found that over two-thirds (68%) of respondents say their organizations are not transforming fast enough. Lauren Pryor, co-leading Mayer Brown’s financial services product team, indicated that insufficient AI capabilities will drive merger and acquisition activity in coming years. (Link)

🛠️ Tool of the Week

Rehance AI is a tool that allows SaaS users to chat with the technology they use. Imagine a chatbot that has the access and capabilities to be a junior implementation specialist, diagnosing problems and executing solutions. Rehance integrates directly into SaaS platforms to provide 24/7 training and support to new users and a dedicated resource users can ask to automatically perform tasks on their behalf. It will be interesting to see if people will still be manually entering data into CRM’s 5 years from now. Some features of impress include: 

• Task Automation: Rehance automates user tasks within your software, acting as an assistant knowledgeable in your platform’s best-practices.

• In-App Problem Solving: Rehance tackles user issues directly within your software interface, eliminating the need for users to navigate tutorials or contact support.

• Data-Driven User Analytics: Rehance analyzes user interactions with your software, providing valuable data to pinpoint areas for improvement and enhance user experience.

• Seamless Integration: The platform boasts a user-friendly setup process, allowing for quick and easy deployment within your software.

Watch the tutorial HERE: 

More Trending AI Tools To Try:

• Intercom: Instant customer support, agent assistance, and analytics insights.

• Briefy: Condenses and saves lengthy content as structured summaries for easy review.

• MyCleverAI: Specify your web design requirements and generate it in one minute. 

• ContentIn: Create engaging Linkedin posts 10 times faster.