10 AI News that Broke the Internet Last Week: Top Headlines

By AIT Staff Writer On Apr 25, 2024

Welcome to AITHORITY’s Weekly Roundup of the coolest AI news! We’re here to bring you the latest and greatest updates in artificial intelligence, but don’t worry if you’re new to this stuff – we’ll break it down into simple bits you can easily understand. As you are aware we launch a special edition for our weekly roundups in the AI domain, so here is the fourth week AI news clubbed for April 2024.

Get ready to explore the amazing world of AI with us!

The following big logos are getting coverage today with us for this April 2024, week 3 roundup.

Read: AITHORITY Weekly Roundup – AI News That Went Viral This Week

Nvidia acquires AI workload management startup Run:ai

Bluenote Raises $10Million from Lux Capital & Elad Gil to Transform Life Sciences Workflows with AI

Dec 20, 2024

Dynamic Infrastructure Introduces Groundbreaking AI Capability to Predict Future Deterioration in Civil Infrastructure

Dec 20, 2024

Pollo AI Launches Video-to-Video Feature, Revolutionizing Creative AI Video Creation and Outshining Competitors

Dec 20, 2024

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Nvidia is acquiring Run:ai, a Tel Aviv-based company that makes it easier for developers and operations teams to manage and optimize their AI hardware infrastructure. Terms of the deal aren’t being disclosed publicly, but two sources close to the matter tell TechCrunch that the price tag was $700 million.

Adobe’s impressive AI upscaling project makes blurry videos look HD

Adobe Introduces Firefly Image 3 Foundation Model to Take Creative Exploration and Ideation to New Heights

The Creativity Conference – Adobe (Nasdaq:ADBE) debuted Adobe Firefly Image 3 Foundation Model, the next major release in its family of creative generative AI models, available today (beta) in Photoshop and the Firefly web application. Firefly Image 3 will bring massive advancements to quality and control to users. This includes higher-quality image generations, a better understanding of prompts, new levels of detail and variety, and significant improvements that enable fast creative expression and ideation. Adobe’s newest Firefly model delivers photorealistic quality like never before with better lighting, positioning, attention to detail, advancements to text display, and more.

Denver’s Sagility Acquires Seattle’s BirchAI to Expand Healthcare Engagement Services

Seattle-based BirchAI, a startup launched in June 2020 by CEO Kevin Terrell, CTO Yinhan Liu, and COO Sumant Kawale, has announced its acquisition by Denver-based health-tech company Sagility. BirchAI, which specializes in building software to streamline customer support for healthcare companies, utilizes natural language processing to analyze phone conversations between customers and representatives, generating summary documents to enhance employee efficiency and improve patient satisfaction. Spun out of Seattle’s AI2 Incubator in 2021, BirchAI had previously raised $3.1 million in seed funding in January 2022, with investors including Radical Ventures, Flare Capital Partners, Washington Research Foundation, and AI Grant.

Microsoft launches lightweight AI model

The new version called Phi-3-mini is the first of the three small language models (SLM) to be released by the company, as it stakes its future on a technology that is expected to have a wide-ranging impact on the world and the way people work.

“Phi-3 is not slightly cheaper, it’s dramatically cheaper, we’re talking about a 10x cost difference compared to the other models out there with similar capabilities,” said Sébastien Bubeck, Microsoft’s vice president of GenAI research.

Meta is putting AI front and center in its apps, and some users are annoyed

Meta’s artificial intelligence-powered assistant is suddenly everywhere in its flagship apps, and some users are not thrilled. The company announced late last week that its assistant, Meta AI, would now be integrated into Facebook feeds as well as in the search bar across its biggest platforms. It’s also now available in at least a dozen more countries. However, users quickly expressed annoyance at Meta AI’s sudden integration into the search function on Instagram, Facebook, and WhatsApp.

Intel Announces Hala Point – World’s Largest Neuromorphic System for Sustainable AI

A computer system that can mimic how humans process and store data could be of immense value. It has the potential to enhance the capabilities of AI models in terms of energy efficiency, bias mitigation, interpretability, and adaptability. Intel has announced the creation of Hala Point, a brain-inspired neuromorphic system for sustainable and efficient AI. With its 1152 Loihi 2 processors, Hala Point can support up to 20 quadrillion operations per second, allowing it to handle real-time AI applications and complex computational tasks. The key characteristic of Hala Point is its ability to use neuromorphic computing to reduce energy compensation for computational needs. This aligns with Intel’s broader objective of addressing the sustainability challenges of increasingly large AI models. Hala Point exploits its sparse connectivity and event-driven activity to achieve deep neural network efficiencies.

Salesforce Initiates Strategies for a Sustainable and Equitable AI Future

The Salesforce Accelerator – AI for Impact empowers purpose-driven organizations to leverage AI in addressing climate change. Through partnerships with nonprofits, Salesforce fosters AI solutions prioritizing mitigation, adaptation, resilience, and finance. Selected organizations like Climate Collective Foundation, Good360, Groundswell, ORRAA, and WattTime showcase diverse approaches to leveraging AI for sustainable impact. Salesforce’s commitment to responsible AI development drives global positive change, envisioning a sustainable future for all.

Equifax Says 85% of Its New Models Built With AI

In announcing the company’s quarterly earnings Thursday (April 18), management noted that 70% of the new models and scores Equifax built last year were made using artificial intelligence (AI) and machine learning (ML), with the goal of bringing that number to 80% this year. “In the first quarter, we exceeded this goal with 85% of our new models and scores being built with Equifax AI Machine Learning,” said CEO Mark Begor. “Equifax.ai, leveraging our proprietary data Equifax Cloud And NTI capabilities is a big area of focus and execution for Equifax in 2024 and beyond.”

Cognizant’s Alliance With Shopify and Google Cloud for Digital Transformation

Shopify, Google Cloud, and Cognizant have joined forces to help modernize platforms and promote digital transformation for companies and merchants throughout the world. Client delivery of Cognizant’s retail industry advising and technology implementation professionals, Google Cloud’s core cloud infrastructure, and Shopify’s leading commerce platform are the main focuses of the cooperation. Retailers’ pressing need to update and adopt new technology to provide consumers with real-time suggestions, shopping assistance, and personalized offers is the impetus for this partnership. By bringing together these two services, we hope to spur retail transformation and help businesses realize the potential of AI and other cutting-edge technology.

Amazon’s AI Magic: Streamlining Orders with Sustainable Packaging

The Amazon Web Services (AWS) cloud-based multimodal AI algorithm can determine whether a blanket needs protective packing or whether dinner dishes need a studier box. It learns about Amazon’s changing packaging options using deep machine learning, natural language processing, and computer vision. Amazon experts say it usually forecasts the most efficient package choice. Amazon sells hundreds of millions of things, from camping tents to holiday sweaters, and artificial intelligence likely chooses the box or mailer that arrives on customers’ doorsteps. Each item is researched in numerous steps by the Package Decision Engine. When an item comes to the Amazon fulfillment center, a computer vision tunnel measures it, finds faults, and takes several photos. The model can also detect a bag, box, or exposed glass. The model uses natural language processing and text-based data from each item, such as name, description, price, and package dimensions. It also collects near-real-time customer feedback via Amazon’s Online Returns Center, product reviews, and other channels.

That’s all for this week’s AITHORITY Weekly Roundup of AI news! We hope you enjoyed learning about the awesome things happening in artificial intelligence. Don’t forget to come back next week for more exciting updates. See you then!

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