Good morning, aspiring leaders of the next-gen! ☀️

🚀 Here’s what’s going on today in the AI space…

Axelera, an AI chip startup, recently secured significant investment amid growing demand for AI chips driven by the generative AI boom. With a focus on AI chips for edge devices, Axelera's technology supports applications in security, retail, automotive, and robotics. The company, leveraging unique AI hardware that includes the RISC-V ISA and in-memory computing, announced a $68 million Series B funding round, bringing its total funding to $120 million. This funding will help expand into new markets and further develop its flagship Metis AI platform.

SoftBank Group and Tempus have formed a joint venture, SB Tempus, in Japan to develop AI-driven personalized medical services, initially focusing on oncology. SoftBank and Tempus each hold a 50% stake, with SoftBank investing about $188 million. SB Tempus plans to start by collecting and analyzing genetic data from Japanese patients to enhance medical treatments and expand into other areas like neuropsychology and cardiology. The venture aims to make genomic testing more accessible in Japan, enhancing personalized treatment options.

Meta is launching "AI Studio," allowing Instagram creators to develop AI versions of themselves to interact with their audience via direct messages. These AI bots, still in limited beta testing, will display a stars icon and disclaimers in chats to indicate their artificial nature. The feature aims to handle repetitive queries for creators, but raises questions about the authenticity of social interactions. The broader impact on social media's genuine engagement remains debatable as Meta explores this AI-driven approach.

📔 #1 Insights Today on AI. Click the Links to Read

⬆️ ️ Trends: How Businesses Implement AI

Can chatbots replace human therapists? Some believe they can. A study found 80% of people using ChatGPT for mental health advice see it as a good alternative to therapy. However, the human connection in traditional therapy remains crucial.

Enter Sonia, an AI therapist developed by Dustin Klebe, Lukas Wolf, and Chris Aeberli. Available via an iOS app, Sonia uses generative AI to conduct therapy sessions, charging $20 per month or $200 per year. The app offers homework and visualizations to help users manage issues like depression, stress, anxiety, and sleep problems.

While Sonia has not received FDA approval, it uses advanced algorithms to detect emergency situations and direct users to hotlines. Despite none of the founders having a psychology background, they consult psychologists and are hiring a full-time clinical psychologist.

With around 8,000 users and $3.35 million in funding from investors, including Y Combinator and Moonfire, Sonia is expanding its reach. Reviews on the App Store are positive, with users finding it easier to talk to the chatbot than a human therapist.

However, concerns remain about the chatbot's ability to handle complex issues and cultural nuances, and the founders emphasize that Sonia is not a replacement for human therapists. Instead, it aims to fill the gap for those unable or unwilling to access traditional therapy.

⚡ Hands-on: Supercharge With AI Tools

Work smarter, not harder!

BeatovenAI - https://www.beatoven.ai/

Introduction to Beatoven.ai: Beatoven.ai is an intuitive AI music generator that allows creators to generate and customize unique background music to suit their needs. It offers royalty-free music that can be used for various content types, making it a versatile tool for filmmakers, podcasters, game designers, and more.

Steps to Use Beatoven.ai:

1. Sign Up:

   • Visit the Beatoven.ai website and sign up for a free account.

2. Create Music:

   • Type an idea for the music you need in the "Text to Music" section and click “Compose Track” to generate unique background music.

3. Customize Your Track:

   • Use prompt-based customization features to adjust the music to match your creative vision perfectly.

4. Download Your Music:

   • Download the generated music in MP3 or WAV formats. You can choose to pay per track or subscribe for more music at a reduced cost.

5. Secure Your License:

   • With every download, receive a license that allows you to monetize your content, ensuring your creative work is protected and free from copyright claims.

Beatoven.ai makes it easy to create and customize music, offering a user-friendly interface and comprehensive features for all types of creators.

Visit BeatovenAI: →  https://www.beatoven.ai/

I hope you find these resources helpful. Let me know if you have any questions, if there's anything else I can do to assist you, or what you would like to learn more about in AI.

Have an amazing day!

No more playing catch-up. It's time to GET AHEAD!!! 🚀🚀🚀

🙌🏼

Elena

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