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✨ [Tiferes] AI Future Newsletter - Issue #26

✨ [Tiferes] AI Future Newsletter - Issue #26

Clark Valberg
December 05, 2023 • Estimated Reading Time: 12 minutes

Your weekly briefing on all things AI

This week, we see big names like Amazon and Microsoft pushing ahead with major investments and advancements in AI. We also see world leaders coming together to work on AI security guidelines as the industry continues to explode with progress.

📈 Microsoft invests billions in AI growth in the UK

✴️Amazon unveils groundbreaking AI advancements at AWS re:Invent 2023

🏀 LA Clippers open up a role for Director of AI & Emerging Tech

🤝US, UK, and 16 countries agree on cybersecurity guidelines for AI

📰 AI in the News

Microsoft Boosts UK Economy: $3.2B Investment in Datacenters and Skills

Microsoft has announced a significant AI infrastructure and skilling investment in the UK, marking a major commitment to the country's AI safety, research, and economic development. This initiative involves more than doubling Microsoft's datacenter footprint in the UK, with a £2.5 billion ($3.2 billion) investment planned over the next three years. This expansion will bring over 20,000 advanced GPUs to the UK by 2026, addressing the growing demand for efficient and sustainable AI-specific computing power in both the private and public sectors.

The investment encompasses three key areas. Firstly, the capacity expansion of AI datacenters in London, Cardiff, and potentially northern England. Secondly, Microsoft is focusing on building AI capabilities by investing in broad-based AI talent and education programs. This includes a multi-million-pound investment to train one million people with AI skills, ranging from AI fluency to technical skills and responsible AI development. The training programs will be in partnership with learning and non-profit partners, focusing on various aspects of AI, including the first Professional Certificate on Generative AI.

Lastly, Microsoft is committed to strong AI safety and security measures. This includes operating its AI services and infrastructure in line with responsible AI practices and collaborating with the UK Government and AI Safety Institute on refining AI safety measures. The investment aims to support the UK's AI economy, create jobs, improve services, and ensure public security, positioning the UK as a leader in AI innovation and safety. (Full Story)

AWS re:Invent 2023 Unveils Groundbreaking Tech and AI Innovations

Amazon Web Services' (AWS) annual re:Invent conference in Las Vegas has been a showcase of groundbreaking advancements in AI, cloud computing, and serverless technology, solidifying AWS's position as a leader in tech innovation.

Key developments from the event include:

Generative AI Focus: AWS has emphasized generative AI in various discussions and announcements, indicating a strong commitment to advancing this technology.

Innovative AI and Computing Solutions: The event featured the unveiling of new AI models, partnerships for deploying powerful AI chips, and enhancements in quantum computing and AI-powered transcription platforms.

Amazon WorkSpaces Thin Client: A new low-cost, secure device adapted from the Fire TV Cube, demonstrating AWS's innovative approach to modern workplace solutions.

Sustainability Initiatives: AWS collaborated with LaunchDarkly to promote sustainable practices through a unique QR code-based reusable water bottle campaign.

Engaging AI Demonstrations: An AI alien robot named Wormhole, created using AWS's AI tools, showcased the potential for immersive digital experiences.

Serverless Computing Innovations: AWS announced new serverless computing solutions, enabling customers to efficiently manage data at any scale.

AWS re:Invent 2023 has highlighted Amazon's ongoing commitment to technological advancement, with a focus on AI, serverless computing, and sustainable initiatives, reflecting a future where technology is more integrated, efficient, and responsible. (Full Story)

💡 Industry Insights

🏥 Healthcare

AI's Role in Breast Cancer Screenings: AI is significantly improving breast cancer screening, aiding physicians in detecting 20% more cancers during mammography. Studies from Northwestern Medicine suggest AI can predict invasive breast cancer outcomes, possibly reducing unnecessary chemotherapy. At Mount Sinai, New York, AI helps categorize mammograms and sonograms by risk level, enhancing diagnostic speed. (link)

AMA's AI Governance Framework: The American Medical Association has introduced new principles for AI development, deployment, and use in healthcare. These guidelines emphasize ethical, equitable, and transparent AI usage, focusing on oversight, transparency, privacy, and bias mitigation to enhance patient care and treatment outcomes. (link)

🏠 Real Estate

AI's Impact On Real Estate Appraisals: Fannie Mae's implementation of computer vision, a type of AI, significantly improves real estate appraisals by efficiently and accurately detecting defects. Analyzing a million appraisals, this technology demonstrated high accuracy in identifying previously hard-to-detect issues and quality ratings. This marks a major shift towards integrating AI in real estate, revolutionizing appraisal processes and indicating a growing reliance on AI in the industry. (link)

🔐 Cyber Security

AI in Federal Cybersecurity: AI is increasingly vital in federal cybersecurity, with 41% of national security leaders overwhelmed by data. AI solutions offer real-time threat detection and automated responses, crucial for defense and intelligence agencies managing large data volumes. The Department of Defense and similar agencies are embracing AI for parsing information and fortifying against global hacking threats, aligning with the Pentagon's zero-trust strategy that highlights AI's role in detecting threats and validating network users. (link)

💰 Finance

TurboTax Integrates Generative AI: Intuit's TurboTax is incorporating generative AI to modernize tax preparation, offering virtual or in-person assistance from tax professionals. This integration includes Spanish language support, enhancing accessibility for diverse users. Emphasizing efficiency and accuracy, the AI-powered TurboTax aims to simplify tax filing, ensuring optimal refunds. (link)

⚖️ Legal

AI in Legal Analysis: A groundbreaking study by researchers from the University of Southern California and the University of Minnesota reveals that generative AI can significantly speed up routine legal work, reducing the time required by up to 32%. While the efficiency gains are universal, the impact on the quality of work varies depending on the skill level of the legal professionals and the nature of the task. This suggests that generative AI may bring an equalizing effect to the legal profession, benefiting junior lawyers in particular. (link)

📈 Venture Deals

Tola Capital, investing in AI-enabled enterprise software, closes largest fund at $230 million. (link)
Imbue announces a $150 million deal with Dell to scale up model training. (link)
TogetherAI raises $102.5 million to grow its cloud for training generative AI. (link)
Pika announces $55 million in funding as they launch AI video editing. (link)
PhysicsX secures $32 million for AI to power engineering simulations. (link)
Cradle’s AI-powered protein programming platform raises $24 million in new funding. (link)
Rich Data Co, AI decisioning platform, raises $17.5 million in Series B funding. (link)
Syrup raises $17.5 million to expand AI-Powered inventory forecasting platform. (link)
Vendelux, an AI-Powered event platform, raises $14 million in Series A funding. (link)

🛠️ Latest AI Tools

Leonardo is a real-time sketch to art generator.
Pika Labs generates video based on text prompts.
Glean gives you a powerful search across all your company’s apps.
Alfred gives instant answers to customer questions from your data.
Mojju is a unique library of GPTs to integrate with popular tools.
Yep offers a free, intuitive, no-code landing page builder.
Walling quickly organizes your ideas in a presentable project.
Happy Chat gives you a personalized chatbot for your website.
OpenRep optimizes organic digital marketing workflow with AI.
SecureFrame automates the compliance process.

Top Visited AI Tools of 2023 Visualized:

credit: WriterBuddy

Over 24 billion visits were generated from September 2022 to August 2023 by just the top 50 AI tools, with an average monthly growth of 236.3 million visits.

Out of this massive number, ChatGPT alone accounted for 14 billion sessions, covering a massive 60% of the traffic analyzed.