Your AI Snapshot

Meta’s Advantage+, a suite of new AI-driven ad tools, helps grow the ad biz, making it the biggest it's ever been. xAI announces the release of Grok-2 a major upgrade that boasts improved capabilities in chat, coding, and reasoning to challenge the AI hierarchy.AMD is acquiring ZT Systems for $4.9 billion in a move to take AMD’s AI portfolio to the next level. Google Pixel receives major AI upgrades for enhanced performance and features.

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Media & Entertainment

Trilith Studios CEO talks AI in media at Georgia Senate committee exploring the good outweighs the challenges of AI in filmmaking.

AI social media vetting startup Ferretly secures $2.5M and launches election personnel screening tool.

Authors sue Claude AI chatbot creator Anthropic for copyright infringement while training their popular chatbot.

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Retail & Consumer Goods

LVMH founder Bernard Arnault’s family firm– Aglaé Ventures invests in more than 5 AI companies in 2024.

IKEA set to deploy AI-powered warehouse drones for better inventory management aims to improve the retail shopping experience.

Best Buy launches AI-powered delivery tracking and joins the growing ranks of retailers that are tapping AI to enhance the shopping experience.

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Healthcare

A new machine learning model AutMedAI from Karolinska Institute claim predict autism in children under two with nearly 80% accuracy.

National Healthcare Group adopts Lunit's AI solution for chest X-ray analysisin its primary care diagnostic radiology systems.

Nvidia looks to disrupt the health care industry with AI focusing on health care innovations, including drug discovery and medical diagnostics.

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Technology

Decentralized Web3 AI firm Theoriq joins Google startup accelerator looking to scale its platform for artificial intelligence agents.

South Korean AI chip makers Rebellions and Sapeon agree to merge to challenge global AI chip leaders such as Nvidia.

Box , an Intelligent Content Cloud and Slack expand their partnership that brings secure AI to enterprise content to transform the way organisations work.

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Banking & Insurance

Bankers associations call for any new federal AI legislation to override state laws o ensure banks are exempt from duplicative rules.

CIBC Innovation Banking invests $10m in AI pioneer Boosted.ai for expansion to help with expanding product development and sales operations.

Prudential, a multinational life insurance and financial services company partnered with Google Cloud to build the future of insurance with AI.

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Miscellaneous

Φsat-2, ESA's groundbreaking cubesat designed to revolutionize Earth observation with artificial intelligence, has launched on 16 August at 20:56 CEST.

Republican presidential candidate Donald Trump in controversy aftersharing AI-generated images that implies Taylor Swift endorses him.

NVIDIA announces the general availability of NVIDIA ACE generative AI microservices to accelerate the next wave of digital human avatars.

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Business Stories: AI in Action

“I’m delighted to share the incredible impact of our partnership with Fusemachines. Our joint efforts in combating postpartum depression have been revolutionary, through our AI enabled innovative app. Our app not only identifies risks but also proactively addresses mental wellness. Together, we are setting a new standard for digital health care and making a tangible difference for women and families worldwide.”