Your AI Snapshot

NATO releases a revised artificial AI strategy, to accelerate the use of AI safely & responsibly. Nvidia, Pfizer lead $80 mln funding for Israeli medical AI tech firm CytoReason, which uses AI to develop disease models. U.S. & Singapore to cooperate on data analytics and AI to source cutting-edge technology quickly & effectively.U.S. military to award $3 billion for commercial data & analytics services to monitor threats across the Indo-Pacific region. Anthropic & Menlo Ventures launching a $100 million fund to back early-stage startups.

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Media & Entertainment

Netflix executives talk about incorporating AI into streaming services, with the potential to use OpenAI's generative text-to-video model, Sora.

Market.us study shows the Global Predictive AI In the Media and Entertainment market to experience significant growth, with a projected value of USD 4.7 billion by 2033.

FFTV Media Technology introduces blockchain and AI-powered voting system for short series unveiled at Consensus 2024.

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Retail & Consumer Goods

Centific, an AI and GenAI platform developer, joins Lenovo's AI Innovators program with its retail intelligence platform, Pitaya.

Accenture (NYSE:ACN) has agreed to acquire retail tech firm Logic in a bid to enhance its retail technology transformation capabilities.

FTI Consulting's 2024 online retail report projects U.S. online retail sales to reach $1.2 trillion in 2024, a 10% increase from 2023.

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Healthcare

GE HealthCare announces an agreement to acquire clinical artificial intelligence business from Intelligent Ultrasound for approximately $51 million.

U.S. Food and Drug Administration’s (FDA) Digital Health Center of Excellence (DHCE) highlights the promise of artificial intelligence (AI) in healthcare.

Health tech company Commure to acquire Augmedix in $139M deal as AI scribe competition heats up.

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Technology

Google introduces new AI-powered elements to Google Analytics, in order to help marketers make more informed decisions.

Microsoft-CrowdStrike outage causes chaos for flights, hospitals, banking institutions and businesses globally in one of the largest tech outages.

Indeed report shares a staggering 433% rise in the demand for artificial intelligence and machine learning (AI/ML) engineers since 2022.

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Banking & Insurance

Bank of America plans to spend $4 billion on AI and other new tech this year as shared by chief executive Brian Moynihan.

Xapien, a pioneering AI due diligence provider, announced today its successful $10m Series A funding round, led by YFM Equity Partners.

NWN Carousel supports BankFive’s new headquarters with AI-powered solutions enabling a seamless banking experience for customers & employees.

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Miscellaneous

Meta, Apple, Microsoft expand AI risk transparency amid pressure from government bodies, oversight committees and investors.

The U.S. global development agency USAID’s focus on AI and emerging technology continues with new policy release.

The U.S. Department of Energy published a roadmap to implement FASST, an initiative that aims to develop U.S. AI capabilities for research and development.

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Business Stories: AI in Action

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