Your AI Snapshot

Google to fund global AI education. at the cost of $120 million. EssilorLuxottica Biden Administration awarded Intel extends its smart glasses partnership with Meta for 10 more years. OpenAI is in talks $3 billion from the CHIPS and Science Act to develop a "Secure Enclave" for microelectronics. Apple's iPhone 16 is now available in stores but without AI. U.N. advisory panel took input from 37 experts and released seven recommendations for global AI usage. Alibaba Cloud releases over 100 open-source AI models.

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Media & Entertainment

Lionsgate is partnering with AI company Runway to allow a new AI model to be trained on their extensive film and TV archive.

Meta's AI chatbot to start speaking in the voices of Judi Dench, Kristen Bell, John Cena, and others.

At the UN headquarters, artist Refik Anadol uses AI in a stunning installation to spotlight coral reef fragility and the climate crisis.

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Retail & Consumer Goods

Amazon launches an AI-powered video ad generator ahead of holidays capable of quickly converting product images into video ads.

Rezolve AI joins OpenAI’s latest release, advocating for vertical market AI solutions in retail and commerce.

Honeywell plans to develop an AI tool with Qualcomm to assist in-store retail associates, with a launch expected in early 2025.

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Healthcare

Novartis strikes AI drug development deal with Generate:Biomedicines worth over $1 billion, in addition to royalties.

Nvidia's venture arm backs $17M investment in Hippocratic AI to build out generative AI healthcare agents.

An ML-based AI program named ARTEMIS developed at Johann Wolfgang Goethe University excludes heart attack better than specialists. and health systems.

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Technology

Quad announces collaboration with Google Cloud to launch next-generation, AI-powered marketing solutions.

Tech industry giants, led by Meta, urge the EU to streamline AI regulations in an open letter that has gained support from over 50 prominent companies.

IDC releases a new report disclosing the Asia/Pacific* AI investments to reach $110 Billion by 2028.

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Banking & Insurance

Kasisto, a conversational AI platform for financial services, closed an $8.25 million Series D round, bringing its total funding to $90 million.

Commonwealth Bank is planning to use Amazon Web Services (AWS) EC2 P5 instances to create an AI factory.

Roots Automation raises $22.2 million to unlock the value held within unstructured data across insurance with AI.

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Miscellaneous

NSF and Simons Foundation to launch 2 AI Institutes to help astronomers understand the cosmos.

California fire officials turn to AI to enhance wildfire detection as wildfires continue to rage across the West.

BlackRock and Microsoft launch $30B fund for AI and energy infrastructure, Investment to meet growing AI computing demands.

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Business Stories: AI in Action

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