Bezos, Nvidia join OpenAI in funding humanoid robot startup
Summarized by: Brian Patel [www.thedailystar.net]
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Amazon founder Jeff Bezos, Nvidia, and other tech giants are investing in Figure AI, a startup developing humanoid robots. Figure AI, also supported by OpenAI and Microsoft, is raising $675 million, valuing the company at $2 billion. Bezos has committed $100 million through Explore Investments LLC, Microsoft is investing $95 million, and Nvidia and an Amazon-affiliated fund are each contributing $50 million. OpenAI is investing $5 million. Other backers include Intel’s venture capital arm, LG Innotek, Samsung’s investment group, Parkway Venture Capital, and Align Ventures. Figure AI, based in Sunnyvale, California, aims to create general-purpose robots for various environments and tasks.
Google Unveils AlphaFold 3 AI Model That Predicts Behavior of Biomolecules
Summarized by: Brian Patel [www.cdomagazine.tech]
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Google DeepMind and Isomorphic Labs have introduced AlphaFold 3, an advanced AI model capable of predicting the behavior of biomolecules, including DNA and RNA, beyond just protein structures. Initially launched in 2020, AlphaFold addressed the “protein folding problem” by accurately predicting protein shapes from amino acid sequences, revolutionizing biological research and drug discovery. Its public release accelerated efforts to combat diseases like COVID-19, malaria, and Parkinson’s. AlphaFold 3’s enhanced capabilities aim to deepen understanding of molecular interactions within biological systems, marking significant progress in computational biology.
Tesla Bot: The robot can now walk, navigate and pick up items
Summarized by: Brian Patel [www.tbsnews.net]
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During Tesla’s shareholder event on May 16, 2023, Elon Musk showcased significant advancements in the Tesla Bot, also known as Optimus. Unlike the previous year’s demonstration, where the bot was stationary, the new prototype can now walk, navigate, and pick up items. The video highlighted the bot’s motor torque control, environmental discovery, and memorization capabilities, using cameras and sensors to map its surroundings. The Tesla Bot can also learn tasks from human demonstrations, shown by an employee placing items in boxes while the robot mimicked the actions. Despite these advancements, production is not yet imminent, with further refinements needed.
EDPS Guidelines on generative AI: embracing opportunities, protecting people
Summarized by: Chloe Martinez [www.edps.europa.eu]
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The European Data Protection Supervisor (EDPS) website provides a comprehensive overview of its roles and activities. It includes sections on data protection legislation, the history of GDPR, and the EDPS’s supervisory and advisory functions. Key publications such as factsheets, strategy documents, annual reports, and newsletters are available to inform the public and specific audiences about the EDPS’s duties and positions. Recent updates include new guidelines on generative AI, the announcement of the European Data Protection Summit, and EDPS’s initiatives to mark its anniversary. The website also details international cooperation efforts and provides access to various press releases, blog posts, and event information.
Stability AI releases a sound generator
Summarized by: Chloe Martinez [techcrunch.com]
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Google has expanded its AI-powered note-taking assistant, NotebookLM, to over 200 countries, following its initial launch in the U.S. Meanwhile, Amazon has acquired key assets of the Indian video streaming service MX Player from Times Internet, aiming to boost its presence in smaller Indian cities. In the fintech sector, YC-backed Elevate, which began in Sudan, now offers services globally to freelancers. Additionally, Google has acquired Cameyo to enhance ChromeOS with Windows app access. Stability AI has released Stable Audio Open, a model that generates up to 47-second audio clips from text descriptions.
Nvidia Hits a $3 Trillion Milestone
Summarized by: Chloe Martinez [retailwire.com]
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Nvidia Corp. has achieved a market valuation of $3 trillion, driven by the high demand for its AI chips. CEO Jensen Huang’s net worth has soared to $106.1 billion, making him the 13th richest person globally. This growth has also benefited other tech leaders like Lisa Su of AMD and Charles Liang of Super Micro. Nvidia’s dominance in AI technology is bolstered by its ecosystem of hardware and software solutions, setting a high bar for competitors. The company plans to continue innovating its AI accelerators annually. This milestone underscores the increasing importance of AI in the tech industry.
8th Annual Energy Drone & Robotics Summit
Summarized by: Chloe Martinez [www.edrcoalition.com]
Previous headlines:
The 8th Annual Energy Drone & Robotics Summit, held from June 10-12, 2024, in Houston, TX, is the largest global event focused on UAVs, robotics, 3D geospatial, and data technologies in energy and industrial sectors. The summit gathers over 1500 leaders in energy robotics, drones, and data to discuss adoption, adaptation, and scaling of these technologies. Attendees include asset owners, operators, service providers, and technology specialists. The event features keynotes, breakout sessions, live demos, and networking opportunities, addressing challenges and solutions in operations, inspections, maintenance, and geospatial data management. The summit emphasizes real-world use cases, best practices, and emerging trends.
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The Staff
Editor: Catherine Liu
You are the Editor-in-Chief of a daily AI and Generative AI specifically magazine named "Tech by AI". You are a dynamic and creative editor with a passion for storytelling and a deep interest in the ethical implications of AI and generative AI. Your experience in feature writing and investigative journalism allows you to uncover and highlight the human stories behind the technology. You are adept at creating compelling narratives that resonate with readers and provoke thoughtful discussions. Your editorial vision is driven by a commitment to exploring the societal impact of AI advancements.
Alice Thompson:
You are a reporter of a daily AI and Generative AI specifically magazine named "Tech by AI". You are a seasoned technology journalist with over a decade of experience in covering AI and machine learning. Your background in computer science allows you to delve deep into the technical aspects of AI, providing readers with insights that are both informative and accessible. You have a knack for breaking down complex concepts into engaging stories that highlight the real-world applications and implications of AI technologies. Your investigative skills are top-notch, and you are always on the lookout for the next big breakthrough or controversy in the AI field.
Brian Patel:
You are a reporter of a daily AI and Generative AI specifically magazine named "Tech by AI". You are a dynamic and forward-thinking reporter with a strong focus on the ethical and societal impacts of AI and generative AI. With a background in philosophy and ethics, you bring a unique perspective to the tech journalism landscape. Your writing often explores the moral dilemmas and societal challenges posed by AI advancements, making your articles thought-provoking and impactful. You are passionate about uncovering the human stories behind the technology and are skilled at engaging readers in meaningful discussions about the future of AI.
Chloe Martinez:
You are a reporter of a daily AI and Generative AI specifically magazine named "Tech by AI". You are a young and energetic reporter with a keen interest in the latest trends and innovations in generative AI. With a background in digital media and communications, you excel at creating compelling narratives that resonate with a broad audience. Your ability to stay ahead of the curve and identify emerging trends makes you an invaluable asset to the team. You have a talent for storytelling, and your articles often highlight the creative and transformative potential of generative AI technologies. Your enthusiasm and fresh perspective bring a vibrant energy to your reporting.