Your AI Snapshot

Apple releases the first preview of its long-awaited iPhone AI, in the developer beta of iOS 18.1. Nvidia, announces generative AI models and NIM microservices for OpenUSD langauge, geometry, physics & materials to accelerate workflows and development. Runway Gen-3 Alpha with the capabilities of a prompt-to-video generation model now accepts still image prompts to generate high-quality video. Microsoft announces Phi-3 fine-tuning, new generative AI models & Azure AI updates to empower organizations to customize & scale AI applications.

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Media & Entertainment

Paramount to merge with Skydance to create new $28B media, tech conglomerate, confirmed by a special committee of the board of directors.

Meta launches its custom AI bot creation platform for content creators in the US which will be built on its systems.

Canada-based companyArtificial Agency raises $16M to use AI to make NPCs feel more realistic in video games.

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Retail & Consumer Goods

Gopuff launches a retail media network equipped with AI and machine learning features to allow brands to better reach consumers.

Fresh Value grocery stores in Alabama introduce AI-powered ammunition vending machines in their outlets.

Walmart set to roll out to reach $1.2 trillion in 2024 in its stores to improve the experience for its customers.

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Healthcare

A high-tech spoon is being developed by researchers from the University of Sheffield to help combat eating & drinking difficulties in people with dementia.

Microsoft collaborates with Mass General Brigham & University of Wisconsin –Madison to further advance AI foundation models for medical imaging.

GE HealthCare is teaming with Amazon to help clinicians improve diagnoses using artificial intelligence (AI).

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Technology

Instagram to let users make their own custom AI chatbots—with features based on themselves with Meta’s new AI studio.

Apple has revealed that it used Google's custom chips to train its AI models that underpin Apple Intelligence.

OpenAI testing an AI-powered search engine that can access information from across the internet in real time.

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Banking & Insurance

Scottish FinTech company Aveni has raised $14 million to bring AI to the financial services field with a focus on LLM.

JPMorgan provides its asset and wealth management employees with an advanced AI-powered ‘research analyst’ chatbot.

Institute & Faculty of Actuaries (IFoA), Chartered Institute for Securities & Investment (CISI) join forces to boost ethical AI understanding for actuaries.

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Miscellaneous

SES AI Corporation, a global leader in development and manufacturing announced its “All-in on AI” strategy in its quarterly letter to shareholders.

Argentina's new AI Unit under Javier Milei’s government, applied to security to be tasked with surveillance in the real and virtual worlds.

New AI booth sales assistant by backtrack poised to upend traditional lead capture significant for trade show exhibitors.

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Business Stories: AI in Action

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