Your weekly briefing on all things AI

Could tech giants be willing to risk everything for AI, seeing it as their only path to future relevance?

Advancing AI technology requires substantial expenditure on top-notch equipment and skilled experts, but the cost of a competitor developing their AI first is even greater. This occurs at every level of business, but for Big Tech leaders, it feels like an "all or nothing" approach, and their spending reflects that mindset.

Let’s dive in:

📰 Nvidia and Apple In Talks For Massive OpenAI Investment

📈 Magic Secures $320M to Build AI Supercomputers with Google Cloud

💡 Google's HeAR AI Detects TB with 94% Accuracy Through Cough Analysis

 🛠️ Organize Your Saved Content with Just One Click

📝 See What Claude Can Do With a Screenshot

📰 AI in the News

Is OpenAI About to Hit $100 Billion Valuation? Nvidia and Apple Could Make It Happen

Nvidia and Apple are reportedly in discussions to participate in OpenAI’s upcoming fundraising round, which is rumored to value the ChatGPT developer at $100 billion. Thrive Capital, an existing investor in OpenAI, may lead the round, with Microsoft —currently holding a 49% stake in the company— also expected to participate. It’s worth noting that Nvidia’s interest could stem from OpenAI being a crucial customer of theirs, and Apple could be relying on OpenAI for the success of their “Apple Intelligence” initiatives.

Despite generating an estimated $3.4 billion in revenue earlier this year, OpenAI is projected to lose $5 billion by the end of the year due to its rapid expansion in AI training and staffing. This potential funding round highlights the significant interest from leading tech companies in strengthening their positions within the rapidly advancing field of generative AI. (Link)

More Stories

• ChatGPT prices may go up, with tiers reaching as much as $2k/m. (Link)

• OpenAI grants developers increased control over AI assistants. (Link)

• OpenAI is preparing to unveil the new ‘Strawberry’ AI model. (Link)

• First AI Autonomous Agents Build Civilizations… in Minecraft. (Link)

• Nous Research introduces a groundbreaking tool for training AI models with 10,000x efficiency. (Link)

• Amazon hires Covariant founders, secures AI startup licensing deal in 'reverse acquihire'. (Link)

• Nvidia introduces NIM Agent Blueprints for rapid enterprise AI app development. (Link)

• Supio integrates generative AI into personal injury legal cases. (Link)

• Dexcom Stelo is the first glucose monitor designed specifically for prediabetes. (Link)

• Elon Musk unexpectedly backs California's AI legislation. (Link)

💡 Industry Watch

🏩 Healthcare

AI-Driven Bioacoustics Transform Disease Detection

Generative AI is revolutionizing bioacoustics by enhancing disease detection through sound analysis. Google’s HeAR (Health Acoustic Representations) AI model, trained on 300 million audio samples, is now utilized in India to detect tuberculosis (TB) by analyzing cough patterns via smartphones. Collaborating with Hyderabad’s Salcit Technologies, the AI tool, combined with Salcit’s Swaasa app, offers a cost-effective and portable screening solution with 94% accuracy. This approach aims to reach underserved populations where traditional diagnostics are scarce. Additionally, Google is exploring ultrasound-based AI for early breast cancer detection in Taiwan. Despite challenges like background noise and technology adoption in rural areas, these advancements promise to democratize disease screening and make healthcare more accessible globally. (Link)

🏠 Real Estate

AI-Enhanced Real Estate Platform Landian Launches Amid Industry Shake-Up

Landian, a new real estate startup, has launched with a fresh approach to home buying, spearheaded by Bryan Galen, Neal Batra, and Josh Sitzer. Sitzer, known for his landmark Sitzer/Burnett commission lawsuit, founded Landian to address frustrations over traditional commission fees. The platform allows buyers to access real estate services on a pay-as-you-go basis, offering home tours and offer-preparation for flat fees rather than through standard commission structures. As an example, customers can pay $99 for an AI-powered offer preparation session. This model responds to recent industry changes following the lawsuit, which eliminated mandatory buyer broker compensation from MLS listings. Operating across the U.S. and Canada, Landian is currently self-funded and is preparing for its first seed funding round. By minimizing the need for traditional agents through its platform, Landian could fundamentally change how real estate professionals operate. (Link)

💵 Finance

RCO Finance Launches AI Robo Advisor and Token Presale

RCO Finance has introduced an advanced AI robo advisor designed to enhance trading by analyzing market trends and identifying profitable opportunities. This tool aids users in selecting from a vast array of over 120,000 assets, including both cryptocurrencies and traditional financial instruments, while minimizing human error and bias. The platform also offers features such as decentralized derivatives trading, a multi-functional debit card, and a no-KYC policy for improved privacy. Additionally, RCO Finance is conducting a presale for its native token, RCOF, with detailed tokenomics that allocate funds to public sale, ecosystem development, liquidity, and other areas. The token provides various benefits, including trading fee discounts, governance rights, and staking rewards. (Link)

📈 Transactions 

• OpenAI Cofounder Ilya Sutskever raises $1B in funding for Safe Superintelligence. (Link)

• Generative AI coding startup Magic secures $320M in investment from Eric Schmidt, Atlassian, and others. (Link)

• GitHub Copilot competitor Codeium raises $150M at a $1.25B valuation. (Link)

• AI-powered industrial robot maker Swiss-Mile secures $22M from Jeff Bezos and others. (Link)

• Bland AI raises $16M to automate enterprise phone calls with AI agents. (Link)

• Curio secures a double-digit investment to advance digital therapeutics for women’s mental health. (Link)

• Piramidal secures $6M to enhance its foundational AI brain model for neurologists. (Link)

• eXeX obtains $5.8M in seed funding to innovate on AR/VR use cases in surgical procedures. (Link)

• Inventive AI raises $4M to revolutionize RFP workflows. (Link)

🛠️ Tool of the Week

Cursor AI: How an 8-Year-Old Built an App Without Writing Code

Cursor AI is revolutionizing app development, making it so simple that even an 8-year-old recently built an AI-powered app without writing a single line of code. With Cursor AI, turning an idea into a functional app is as easy as describing it in plain English. Just open the tool, share your vision, and watch as the AI seamlessly brings your concept to life. This powerful tool removes the need for coding skills, making app creation accessible to everyone and unlocking limitless creative potential. (Link)

More Tools To Try:

v0.dev for generating front-end app prototypes.

uxpilot.ai is an AI assistant for streamlining UX design processes.

upmetrics.co for streamlining business planning and forecasting.

clerk.io for enhanced e-commerce merchandising.

julius.ai is an AI data scientist for digesting and visualizing complex data sets.

humanlinker.com helps to build sales pipeline with AI generated personalized outreach

ocean.io is a tool for discovering new B2B prospects.

law.tavrn.art is a tool for generating medical chronologies for attorneys.

📝 Prompt Tip of the Week: Use Screenshots

Creating web experiences with a screenshot:

Claude is a powerful AI tool that can help you create custom “artifacts” or publishable experiences for your business. Many people are so used to the simple chat feature, that they forget that most AI models are multimodal thereby underutilizing their capabilities. Giving Claude or ChatGPT a screenshot to work off of, greatly improves their fidelity to your vision.

Simply take a picture of the page you want to replicate or modify, and upload it to Claude. 

A few tips for the best results:

• Ensure that the artifacts feature is enabled in your settings.

• Use an image that is clear and well-lit.

• Try 2-3 times before giving up on a particular prompt (can sometimes take a few tries).