AI News Today – July 18, 2024
Welcome to “AI News Today,” your daily summary of the AI Industry.
Trump’s AI Plans: Innovation and Ethical Concerns
Former President Donald Trump’s AI policy focuses on deregulation and aligning AI development with American values, presenting a stark contrast to President Biden’s executive order on AI. This approach aims to foster innovation while countering China’s advancements, but it raises ethical concerns about balancing rapid technological progress with responsible development. Please read all about it on the TDR Website!
Nvidia and Pfizer Lead $80M Funding for Israeli Medical AI Firm CytoReason
NVIDIA Corp. (NASDAQ: NVDA) and Pfizer Inc. (NYSE: PFE) have led an $80 million funding round for Israeli medical AI company CytoReason. The investment aims to enhance CytoReason’s capabilities in using AI to develop medical insights and treatments.
Google Unveils AlphaFold 3
Google has announced the development of AlphaFold 3, the latest iteration of its AI system for predicting protein structures. This breakthrough is expected to significantly advance scientific research and understanding of biological processes.
UK Government to Develop AI Regulations for Powerful Models
The new UK government is set to work on establishing appropriate rules for the most powerful AI models while enhancing product safety powers. This initiative reflects the country’s commitment to safe and ethical AI development.
Anthropic and Menlo Ventures Launch $100 Million Anthology Fund for AI
Anthropic, in collaboration with Menlo Ventures, has launched a $100 million Anthology Fund to support AI startups. The fund aims to accelerate innovation and development in the AI sector.
DOE Proposes AI to Accelerate Energy Research
The U.S. Department of Energy has proposed the use of AI to speed up energy research. This initiative is part of a broader strategy to leverage AI for advancing scientific discoveries and energy solutions.
China May Abandon Unified AI Legislation Due to Timing Disagreements
China is likely to drop plans for unified AI legislation due to significant disagreements over timing and scope. This move indicates the challenges of creating comprehensive regulatory frameworks for rapidly evolving technologies.
Skild AI Secures $300M Funding from Jeff Bezos and SoftBank
Skild AI has raised $300 million in a funding round led by Jeff Bezos and SoftBank. The investment will support the development of advanced AI solutions and robotic technologies.
Grayscale Launches Decentralized AI Fund
Grayscale has introduced a new decentralized AI fund to invest in emerging AI technologies. This fund aims to capture the growth potential of AI-driven innovations in various industries.
Fei-Fei Li Builds $1B Start-Up in 4 Months
Fei-Fei Li, renowned as the “Godmother of AI,” has built a $1 billion start-up in just four months. Her new venture focuses on advancing AI technologies and applications, marking a significant milestone in the AI industry.
China Deploys Censors to Create Socialist AI
China is utilizing censors to develop AI systems that align with socialist values. This initiative aims to ensure that AI technologies reflect the country’s ideological principles and promote state-approved narratives.
Beef ‘O’ Brady’s Rolls Out SoundHound’s AI Ordering System
Beef ‘O’ Brady’s has partnered with SoundHound to implement an advanced voice AI ordering system. This technology enables customers to place phone orders seamlessly, enhancing convenience and efficiency for the popular restaurant chain.
Read more AI news on the TDR Website!
