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Google is taking over the healthcare industry with medical AI
⚡ Today’s Highlights
📰 News: Google is taking over the healthcare industry with medical AI
💰 Funding: Quantexa, Optiversal, Weflow, and SpeedyBrand
🦾 Tools: Talk to your own personal AI companion over the phone with this new tool from Inflection AI
📰 Today's Top Stories
(10 min read) (Source: The Wall Street Journal)
TLDR: Google's Med-PaLM 2, an AI tool designed to answer medical questions, is being tested at research hospitals, including the Mayo Clinic. Med-PaLM 2 is trained on a curated set of medical expert demonstrations and aims to provide better healthcare conversations than generalized chatbots.
Med-PaLM 2 performs at a "human level" on various professional benchmarks, but it still has accuracy issues and may provide irrelevant information. However, it shows potential in reasoning, providing consensus-supported answers, and avoiding incorrect comprehension.
Customers testing Med-PaLM 2 will have control over their encrypted data, and Google won't have access to it. Google is betting on Med-PaLM 2 to expand the use of AI in healthcare and believes it can be beneficial in countries with limited access to doctors.
Google's rival, Microsoft, is also incorporating AI advances into healthcare interactions with its ChatGPT and is partnering with health systems to use AI algorithms in patient care. The healthcare industry has become a battleground for big tech companies seeking to offer AI solutions.
(3 min read) (Source: TechCrunch)
TLDR: YouTube is testing AI-generated quizzes on its mobile app, aiming to help viewers learn more about educational video topics and assess the coverage of each video.
The quizzes are rolling out to a small percentage of users watching educational content and appear as links under recently watched videos on the home feed.
YouTube has established itself as a platform for learning, making the quiz feature potentially valuable for users seeking a deeper understanding of educational material and for teachers creating or sharing educational content.
(4 min read) (Source: Reuters)
TLDR: Robots at the 'AI for Good' conference in Geneva expressed their belief that they will increase in number and assist in solving global challenges while assuring that they won't replace human jobs or rebel against us.
Some robots voiced support for stricter regulation, aligning with calls from figures like author Yuval Noah Harari, while others emphasized the potential for robots to make a positive difference and explore opportunities.
Upgraded with advanced generative AI, the robots surprised their creators with sophisticated responses, showcasing the evolving capabilities of artificial intelligence in human-like interactions.
(3 min read) (Source: CNBC)
TLDR: Alibaba has launched Tongyi Wanxiang, an AI tool that can generate images based on prompts, offering various styles like sketches or 3D cartoons.
Tongyi Wanxiang is Alibaba's latest generative AI offering, joining the race with tech giants in China and the US to develop AI tools like OpenAI's ChatGPT and Google's Bard.
The release of Tongyi Wanxiang aims to make high-quality generative AI imagery more accessible for businesses in sectors such as e-commerce, gaming, design, and advertising. Chinese authorities continue to push regulations to manage generative AI technologies.
(2 min read) (Source: The Verge)
TLDR: Comedian Sarah Silverman, and authors Christopher Golden and Richard Kadrey are suing OpenAI and Meta for copyright infringement, seeking statutory damages, restitution of profits, and more.
The lawsuits claim that OpenAI's ChatGPT and Meta's LLaMA were trained on datasets acquired from "shadow library" websites containing the authors' copyrighted books, without their consent.
💰 Funding Alerts
1. Quantexa, a global leader in Decision Intelligence solutions, plans to invest over $155 million in the global AI industry over the next three years, with a total global investment in AI reaching more than $250 million by 2027.
Quantexa uses AI to empower organizations in making trusted operational decisions and unlocking hidden risk and new opportunities. Quantexa's Decision Intelligence platform and suite of solutions for data management, customer intelligence, risk, fraud, and financial crime have been deployed in over 70 countries, and the company aims to further enhance its offerings.
They will allocate over $105 million in dedicated UK investment to create over 170 new jobs in its London AI Innovation Center team.
The investment will also support the advancement of Quantexa's AI Stack, including the preview of its Generative AI technology, Q Assist, and enable industry-specific use cases in financial services, insurance, telecommunications, healthcare, and the public sector.
2. Optiversal, a generative AI content provider that accelerates content creation for large retail enterprises, raised $4.2 million in seed funding, led by Bling Capital (Ben Ling, General Partner), with participation from Alpaca Ventures and Red Sea Ventures.
Optiversal's AI-powered content creation platform has already generated over $125 million in new revenue for its retail customers.
The funding will be used to invest in product development, technology infrastructure, and meet growing customer demands, enabling Optiversal to further accelerate its growth and revolutionize content creation for retail enterprises.
3. Weflow, a comprehensive revenue workspace platform, raised $3.2 million in a seed funding round, led by Gradient Ventures (Google's AI VC arm), with participation from Cherry Ventures, Hello World, and several angel investors.
Weflow provides a solution for managing CRM data, delivering deal insights, and facilitating sales pipeline management. It uses AI to allocate deal scores, forecast future revenues, and uncover hidden deal insights from unstructured data.
They plan to use the funds to invest in its AI technology, expand its platform, and bring AI to other areas of its offering.
4. SpeedyBrand, a startup that provides affordable SEO content to small- and medium-sized businesses using generative AI, raised $2.5 M in a funding round led by GV (Google Ventures) and Y Combinator, valuing the company at $15 M.
SpeedyBrand's platform utilizes generative AI to create custom SEO-optimized content, including websites and social media posts.
With the funding, SpeedyBrand plans to develop additional tools for text and image generation, aiming to provide cost-effective marketing solutions for SMBs.
🦾 Trending Tools
Call Pi by Inflection AI aims to be your personal AI companion, just like calling a friend. Experience hands-free conversations with Pi, choose from 6 voices, and let Pi help you process thoughts, express yourself, and explore new ideas – all from their new iOS App.
FieldDay is a pocket-sized ML toolkit for building custom vision AI apps. Train, configure, and seamlessly embed a custom AI vision model into your favorite tools and apps using just your phone.
Spellmint is an AI-powered planning tool for agile teams. Streamline workflows, sketch effective strategies, and gain insightful analytics for efficient decision-making.
automaited supercharge’s how companies work with AI process automation. Chat with the AI, automate any task, and eliminate mind-numbing work. Quick, easy, and efficient.
Momento AI will help you create your own AI clone and engage in real conversations 24/7. Train your clone with historical and real-time data about yourself. Create a subject matter that provide valuable insights and engaging conversations!
👀 More Reading:
Companies Are Drowning in Too Much AI (The Wall Street Journal)
Gödel, Escher, Bach, and AI (The Atlantic)
How to Use A.I. for Family Time (The New York Times)
🌎 Fresh Content
1. Daniela Rus, Director of the Computer Science and Artificial Intelligence Laboratory (CSAIL) at MIT, spoke at CSAIL + Imagination in Action: AI Frontiers & Implications about Liquid Neural Networks, a new method for machine learning that helps neural networks learn more effectively in dynamic environments such as those used in autonomous driving models. (YouTube)
2. Accenture’s Lan Guan and MIT’s Julie Shah were on MIT Technology Review’s Business Lab podcast to discuss a future in which AI-enabled robots augment human capabilities rather than replace them across a variety of industries such as manufacturing, health care, and space exploration. (Spotify)
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Boosting Remote Collaboration
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