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✨ [Tiferes] AI Future Newsletter - Issue #30

✨ [Tiferes] AI Future Newsletter - Issue #30

Clark Valberg
January 02, 2024 • Estimated Reading Time: 9 minutes

Your weekly briefing on all things AI

As we dive into 2024, the tech scene is buzzing with activity. With hardware top of mind, Intel, Apple, Samsung, Microsoft, and Nvidia are all stepping up their game. Plus, we see the total numbers of the biggest venture deals in 2023. It's a clear indicator of where companies are placing their bets!

🇮🇱Intel will invest a historic $25 billion in a chip factory in Israel.

🤝Sam Altman and Jony Ive snag Apple’s top designer for LoveFrom.

🍰NY Times steps up to get their piece of the pie in the face of AI.

🧊 A smarter fridge is coming to you in 2024 courtesy of Samsung.

📰 AI in the News

Intel's Groundbreaking $25 Billion Chip Factory in Israel

Intel is set to make a historic investment in Israel with the construction of a $25 billion chipmaking facility.

This initiative, marking the largest foreign investment in Israel's history, involves expanding Intel's existing operations in Kiryat Gat. The new facility, backed by a $3.2 billion grant from the Israeli government, aims to reinforce Intel's global leadership in semiconductor manufacturing and supply chain resilience.

Slated to open in 2028, the factory will bolster Intel's advanced manufacturing capabilities and deepen its commitment to the Israeli tech sector. (Full Story)

Apple's Top Designer Tang Tan Joins Sam Altman’s LoveFrom

Tang Tan, a key designer for Apple's iPhone and Watch, is set to join LoveFrom, a design firm co-founded by Jony Ive and supported by OpenAI's Sam Altman.

At LoveFrom, Tan will focus on developing an AI hardware project, combining his expertise in design and engineering with Altman's software prowess. This collaboration is expected to produce innovative home devices with advanced capabilities.

Tan's move to LoveFrom, following Ive's departure from Apple, reflects a shift in the tech landscape towards AI-enhanced hardware development. (Full Story)

💡 Industry Impacts

🏥 Healthcare

AI-Powered App Revolutionizes Cystic Fibrosis Care: A groundbreaking AI-powered app is poised to transform healthcare for cystic fibrosis patients by delivering real-time insights and predictions. This innovative technology holds the potential to significantly enhance patient care and outcomes for individuals living with cystic fibrosis, offering newfound optimism for improved condition management. (link)

Gen AI Bot Transforms Radiology: Gen AI introduces a revolutionary bot assisting radiologists in scan protocols, reshaping medical imaging. With 500+ daily interactions, it's a glimpse of upcoming changes in Radiology. The Gen AI team achieved remarkable speed and accuracy, making a substantial impact. (link)

🏠 Real Estate

BotBuilt's Homebuilding Revolution: BotBuilt is poised to transform the construction industry by leveraging robotic technology to significantly lower the costs of homebuilding. Their pioneering approach is set to make housing more affordable and accessible for everyone. With a commitment to innovation, BotBuilt is paving the way for a brighter future in construction. (link)

🔐 Cyber Security

AI Can Find Your Location in Photos: Privacy experts express concerns about AI's ability to locate individuals via image metadata, highlighting the need for stricter AI controls to protect privacy. (link)

🌎 Politics

China's AI System for Espionage Tracking: China has reportedly commissioned an advanced AI system designed to track American spies and other potential threats. This development raises concerns about the use of AI in espionage and international security. As AI technology continues to advance, its applications in intelligence gathering and counterintelligence are evolving rapidly. (link)

⚖️ Legal

AI in Australian Courtrooms: AI technology may soon find its way into Australian courtrooms, potentially transforming legal proceedings. As discussions around the use of AI in the legal system continue, it raises questions about the benefits and challenges AI could bring to the judicial process. (link)

📈 Venture Deals

In 2023, AI saw a surge in funding, highlighted by Microsoft's $10 billion investment in OpenAI and Amazon's multi-billion-dollar commitments to Anthropic. This marked a shift with corporate giants actively shaping AI's landscape alongside traditional venture firms.

Here is a summary of the biggest tech venture deals in 2023.

OpenAI: Microsoft invested approximately $10 billion, solidifying dominance in the AI space.
Anthropic: Anthropic massed $7.6 billion in investments from Amazon, Google, and Spark Capital in 2023, solidifying its position in the AI landscape.
Inflection AI: Microsoft led a $1.3 billion round for the Palo Alto-based AI platform.
Metropolis: Los Angeles parking startup raised $1.1 billion, facilitating a major M&A transaction.
Databricks: AI-enhanced data analytics company raised approximately $685 million, valuing the company at $43 billion.
Aleph Alpha: Germany's Aleph Alpha secured $500 million in Series B funding for large language models.
SandboxAQ: Alphabet-spinoff SandboxAQ raised $500 million for AI and quantum computing.
Mistral AI: Paris-based Mistral AI raised $487 million, led by Andreessen Horowitz, with participation from Nvidia and Salesforce.

🛠️ Latest AI Tools

Dreamoving creates videos of people using Diffusion Models.
Paymeformyai allows you to monetize your custom GPT.
Doclime searches your PDF for answers within seconds.
Spiritme generates personalized videos with digital avatars.
Zocket creates high-quality social media ads.
Incogni allows you to remove your personal information from the web.
Rex is your AI nutrition and fitness coach.