Your AI Snapshot

Nvidia reportedly is delaying its next-generation Blackwell AI chips by at least three months due to production issues. Five US secretaries urged Elon Musk to fix Grok, the AI search assistant on X, after it allegedly shared false information about the 2024 election. OpenAI co-founder John Schulman leaves OpenAI to focus on AI alignment and "hands-on technical work" at rival firm Anthropic. Dell Technologies reduces its sales team to focus on AI. The Office of New York state attorney general Letitia James releases AI Report.

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Media & Entertainment

Ateliere Creative Technologies announces general availability of industry's first end-to-end GenAI media supply chain, Connect AI.

Entertainment industry backs bill to outlaw AI deepfakes with the support of Media giants like SAG-AFTRA, Disney, the Motion Picture Association.

PwC's 2024-28 outlook predicts the global entertainment and media industry’s advertising revenues to reach and pass $1 trillion in 2026.

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Retail & Consumer Goods

Alibaba rolls out an AI-powered B2B sourcing tool with 30,000+ businesses using it to increase product exposure in targeted markets.

Sainsbury’s, a leading UK grocery chain, to transform customer experience with new seven-year AI deal with NCR Voyix.

Location data startup Placer.ai closed on a bumper $75 million funding round that brings its valuation to almost $1.5 billion.

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Healthcare

Mayo Clinic researchers share reports on AI fast-tracking dementia diagnoses by tapping into ‘hidden information’ in brain waves.

UW Health, the integrated health system of the University of Wisconsin and Epic co-host roundtable on harnessing AI in healthcare.

A pilot project, supported by NHS England, discloses is teaming with 'Game changer' AI model that detects hidden heart attack risk for the next 10 years.

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Technology

Semiconductor startup Groq raised $640 million in a Series D round led by Cisco Investments, Samsung Catalyst Fund, and BlackRock valuing the company at $2.8 billion.

Meta in talks to use voices of Dame Judi Dench, Awkwafina and many more for a digital assistant product called MetaAI.

Reddit announces the purchase advertising technology company Memorable AI, the first since its initial public offering earlier this year.

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Banking & Insurance

IBM adds generative artificial intelligence (AI) capabilities to its managed threat detection and response services.

U.S. Bank continues AI-driven solutions for its business clients, with its latest efforts targeting the launch of an AI-driven cash-forecasting tool.

Insurtech company Gradient AI scores $56M in Series C funding to enhance product suite and develop new offerings.

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Miscellaneous

Axle AI, Inc. announces it has acquired Larry Jordan & Associates, a media post-production training and education company, as an independent division.

The EU AI Act, world's first comprehensive AI law comes into force aiming to protect citizens' rights, businesses face steep penalties for non-compliance.

The US Senate Commerce, Science, and Technology Committee advances a bevy of AI-focused bipartisan bills.

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Business Stories: AI in Action

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