Daily AI News Roundup: 10 AI Events that Caught our Eyes

By AIT Staff Writer On May 16, 2024

Now be updated with the latest in AI with AiThority’s daily news roundup. Let’s dive into the world of tech and innovation as we bring you the most viral stories buzzing across the digital arena. From breakthroughs in AI and ML to advancements in tech domain, our choices keep you informed and updated. Whether it’s a glimpse into the future of AI or a spotlight on groundbreaking research, our daily AI news roundup ensures you’re always ahead of the curve.

Come, join us as we explore the frontiers of technology, one headline at a time.

10 Viral News:Daily AI News Roundup

VEON Pledges Support to Expand the Use of AI in Under-resourced Local Languages

VEON, a global digital operator that provides converged connectivity and online services, announced that it has signed a Memorandum of Understanding (MoU) with Beeline Kazakhstan, the GSMA and the Barcelona Supercomputing Center – Centro Nacional de Supercomputacion (BSC-CNS) to explore collaboration on the development of artificial intelligence and language technologies for languages with low digital resources. The MoU was signed by the four parties during M360 Eurasia. The event, opening in Baku, welcomes global connectivity leaders and policymakers for two days of discussion, debate and networking.

Biggest Google I/O Announcements 2024

Project Astra: The future of AI assistants.
Gemini 1.5 Flash: A lighter-weight model that’s designed to be fast and efficient to serve at scale. 1.5 Flash is the fastest Gemini model served in the API.
Google AI Studio and Vertex AI.
Trillium :The sixth generation of custom AI accelerator, the Tensor Processing Unit (TPU). It is the most performant TPU to date.
NotebookLM, :It uses a collection of uploaded materials to create a verbal discussion personalized for the user.
Imagen 3, Google’s highest-quality image generation model yet.
M usic AI Sandbox : A suite of music AI tools that allow people to create new instrumental sections from scratch,
VideoFX : A newest experimental tool that uses Google DeepMind’s generative video model, Veo, and lets you turn an idea into a video clip.
ImageFX :A top feature request from the community — so you can add, remove or change elements by simply brushing over your image.
PaliGemma : A first vision-language open model optimized for visual Q&A and image captioning.

Chainstack Secures Key Investment to Fuel WEB3 Infrastructure Development

Chainstack, a frontrunner among the top three global Web3 infrastructure providers, has successfully secured a strategic investment from SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures. This investment will enable significant advancements in the company’s product offerings, particularly focusing on enhancing core product offerings, customer usability, and automation. This focus aims to meet the dual goals of sustaining high performance and progressively lowering prices. Such strategic initiatives are expected to not only benefit Chainstack’s extensive user base by delivering superior value but also strengthen Chainstack’s position as a leader in the blockchain infrastructure market.

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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Hello GPT-4o: OpenAI’s New Flagship Model

OpenAI is yet here again with an awesome model. GPT-4o (“o” for “omni”) is a step towards much more natural human-computer interaction—it accepts as input any combination of text, audio, image, and video and generates any combination of text, audio, and image outputs. It can respond to audio inputs in as little as 232 milliseconds, with an average of 320 milliseconds, which is similar to human response time(opens in a new window) in a conversation. It matches GPT-4 Turbo performance on text in English and code, with significant improvement on text in non-English languages, while also being much faster and 50% cheaper in the API. GPT-4o is especially better at vision and audio understanding compared to existing models.

Leveraging Infosys Cobalt to Deliver Industry-Leading Infrastructure-Managed Services

To enhance and update FAB’s IT infrastructure services, the biggest bank in the UAE, First Abu Dhabi Bank (FAB), and Infosys, a world leader in digital services and consulting for the future, have established a multi-year strategic partnership. To revolutionize FAB’s IT infrastructure, Infosys will provide industry-leading, infrastructure-managed services, including service desk capabilities, through its suite of products and services called Infosys Cobalt. To improve FAB’s service quality, reduce risk, and achieve business results, Infosys will assist in integrating a portfolio of enterprise solutions.

Cycode Launches Industry’s First ASPM Marketplace

Cycode now enables customers to seamlessly integrate and ingest findings from relevant third-party security tools, complement and contextualize those findings with native scanners and eliminate gaps within supply chain security. This is a significant milestone that delivers economic optionality for businesses and reinforces Cycode’s position as the industry’s only complete ASPM. Recent findings from The State of ASPM 2024 report reveal that 77% of CISOs believe software supply chain security is a bigger blind spot for AppSec than Gen AI or open source. It comes as no surprise that Gartner has estimated that by 2026, 40% of security teams will utilize an ASPM tool. Unfortunately, traditional AppSec solutions only provide narrow visibility into the application layer, leading to fragmented monitoring, false positives and siloed application workflows – ultimately creating exploitable gaps in application development.

Charging Robotics and Make My Day to Deploy AI based EV Charging Management System

Xylo, a technology-based company engaged in advanced innovative technologies, announced that Charging Robotics and Make My Day reached the final stages of development of their software for EV charging management in automatic car parks. Charging Robotics is an innovator of wireless charging solutions held 67% by Xylo. Make My Day is a market leader in the field of electric vehicle (EV) fleet management for minimizing EV battery consumption.

Guardforce AI Launches AI Robotic Solution ‘LinguaBot’ Through Strategic Partnership with iApp Technology

Integrated security provider specializing in secured logistics, Guardforce AI announced the launch of the “LinguaBot” solution in Thailand through a strategic partnership and collaboration with iApp Technology Co., Ltd (“iApp“). Additionally, Guardforce AI will host an exclusive product launch event for their customers on Friday, May 17, 2024, in Bangkok, Thailand. The event will also officially unveil two additional AI robotic solutions, including a showcase of tailored AI and robotic solutions for hospital, retail, school, restaurant, and travel markets.

New Report Highlights a Cautious Approach toward Use of AI for Small Businesses

Overall, the report found small businesses owners appreciate how AI can impact how they operate:

73 percent said it will offload repetitive tasks
67 percent said it will give them personal time back
58 percent said it will help with resource constraints

“Small business owners literally can’t do it all, so while they can be more cautious when it comes to adopting new technologies, Thryv’s survey indicates a lot of them expect to benefit from the promise of AI,” said Grant Freeman, president of Thryv. Small businesses can leverage Thryv’s platform to experience AI-driven benefits, including enhancements to the Social Media Management tool that allow them to harness the generative power of AI for social media caption creation and Advertising Recommendations for streamlined digital advertising.

That’s all for today!

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