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AI News Today – July 9th, 2024

Welcome to “AI News Today,” your daily summary of the AI Industry.

Hebbia AI Startup Raises $130 Million

AI startup Hebbia has successfully raised $130 million in funding. The company aims to help firms efficiently parse and interpret complex data, enhancing data-driven decision-making.

Google’s DeepMind Achieves Major AI Training Milestone

Google’s (NASDAQ: GOOG) DeepMind has introduced a new AI training method called JEST, which is 13 times faster and 10 times more power-efficient. This advancement optimizes training data, significantly reducing the computational load and energy consumption in AI model training.

Sam Altman and Arianna Huffington Launch AI Health App

Sam Altman and Arianna Huffington have unveiled a new AI-powered health app. The app leverages artificial intelligence to provide users with personalized health insights and recommendations.

Amazon, Tesla, and Microsoft Invest in AI-Powered Robots

Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA), and Microsoft (NASDAQ: MSFT) are making significant investments in AI-powered robotics. These advancements are set to revolutionize industries by enhancing automation and operational efficiency.

CIBC Announces Nvidia Canadian Depositary Receipts Split

CIBC has announced the split of Nvidia Canadian Depositary Receipts (CDRs). This decision aims to make Nvidia shares more accessible to Canadian investors, fostering greater participation in the tech sector.

AITX’s RAD Secures Fortune 100 Client

AITX’s (OTCPK:AITX) subsidiary, Robotic Assistance Devices (RAD), has added another Fortune 100 client to its portfolio. The new order highlights the growing demand for AI-driven security and operational solutions.

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