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- ⚡🔋 Meta and Spotify are not happy with AI's regulation in the EU,
⚡🔋 Meta and Spotify are not happy with AI's regulation in the EU,
And more: China AI developers found a cheat code to use banned Nvidia chips, Wetime AI are changing the game in the travel industry
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August 26, 2024
Good morning, aspiring leader of the next generation! ☀️
🚀 Have you heard the latest AI news? Ready for today's tech soap opera? Let's dive in!
Meta and Spotify CEOs are throwing shade at EU's AI rules. It's like a tech version of "Mean Girls," but with more algorithms and less pink! 🇪🇺🙄
VCs are playing hot potato with AI startup SPVs. It's FOMO on steroids – soon they'll be trading these things like Pokémon cards! 💼💸
China's AI engineers are pulling a James Bond to get their hands on Nvidia chips. "The name's AI. Deep AI." 🕵️♂️🇨🇳
Agencies are giving news media the AI cold shoulder with lazy brand safety. It's like using a sledgehammer to swat a fly! 🔨🦟
Google's AI search rival is flashing its ad plans like it's tech Fashion Week. "This season, we're wearing contextual targeting!" 👗🔍
Andrew Ng's doing the startup shuffle at Landing AI. It's musical chairs, Silicon Valley style! 🎵💺
And SF is still the place to be for startups in 2024. Because nothing says "success" like overpriced coffee and fog! ☕🌁
So, what's your bet? Will we all be relocating to Silicon Valley next week, or will the AIs just take over our local coffee shops? ☕😂
Meta and Spotify CEOs criticize AI regulation in the EU
Meta and Spotify CEOs are jointly criticizing EU AI regulations, claiming they hinder innovation and put European companies at a disadvantage. Key points include:
Meta can't train AI on Facebook and Instagram public data due to regulatory uncertainty
The company will withhold its next multimodal AI model, Llama, from EU customers
Both firms argue EU regulations prevent access to latest AI advancements, potentially leaving Europeans with AI "built for someone else"
Spotify emphasizes AI's crucial role in its personalized user experience and artist discovery
The companies share concerns about regulatory impact on open-source AI development and European tech competitiveness
Meta and Spotify have previously allied against Apple's App Store policies, supporting EU's Digital Markets Act
Their stance on AI regulation contrasts with support for regulations that benefit them, highlighting selective advocacy
The critique underscores the complex relationship between tech innovation and regulation
It signals an escalating debate over AI regulation in Europe, with potential global implications
The joint statement reflects growing tension between EU regulators and major tech companies
Both companies stress the importance of simplified regulatory structures to accelerate AI growth and support European developers
This coordinated critique marks a significant moment in the ongoing dialogue between tech giants and regulators, potentially shaping the future of AI development and deployment in Europe and beyond. Read more
VCs are so eager for AI startups, they’re buying into each others’ SPVs at high prices
Venture capitalists are aggressively investing in AI startups, often using Special Purpose Vehicles (SPVs) to acquire shares in secondary markets. This trend is driving SPVs to trade at premium prices, which poses increased financial risks for buyers due to lack of direct company oversight and shareholder rights. This surge in demand for SPVs, especially those holding AI company shares, raises concerns about potential market bubbles in the AI sector. Read more
China’s AI Engineers Are Secretly Accessing Banned Nvidia Chips
Chinese AI developers are circumventing bans on advanced American chips like Nvidia’s H100 by using brokers to access computing power from abroad, sometimes concealing their identities with cryptocurrency techniques. This method allows them to utilize cutting-edge technology without directly importing the chips into China, maintaining anonymity and continuing their technological advancements. Read more
📔#1 Insights Today on AI. Click the Links to Read
Artificial intelligence can help us unlock new levels of creativity and problem-solving.
Sir Demis Hassabis CBE FRS FREng FRSA is a British computer scientist, artificial intelligence researcher and entrepreneur. In his early career he was a video game AI programmer and designer, and an expert board games player.
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Researchers are harnessing artificial intelligence to create more empathetic and responsive robotic dogs, aiming to revolutionize companionship and therapeutic support. Funded by the Institute for Future Technologies (IFT), this project focuses on developing socially assistive robot dogs that can adapt their behavior based on their human companion's emotional and physiological states.
The initiative employs cutting-edge AI and edge computing technologies to train these mechanical canines. By integrating advanced wearable sensors, the robot dogs can monitor and respond to human emotions in real-time, creating a more personalized and interactive experience.
This research has potential applications beyond companionship, including elderly care and therapy. The goal is to create robotic pets that can understand and react to their owners' needs, effectively "coming alive" through their ability to engage meaningfully with humans.
As AI continues to advance, projects like this highlight the potential for technology to bridge the gap between artificial and living companions. While these robot dogs won't replace their flesh-and-blood counterparts, they offer a unique solution for those seeking the benefits of pet ownership without the traditional responsibilities.
This innovative approach to human-robot interaction showcases the evolving landscape of AI applications in daily life, promising a future where technology can provide both practical assistance and emotional support.
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🛸Let’s Teleport in The Future
Wetime AI: Revolutionizing Travel with Personalization and Sustainability
Introduction
Wetime AI, founded by CEO Sietse Schelpe, has developed advanced AI technology aimed at transforming the travel industry through personalization and sustainability. The company's innovative platform offers data-driven travel recommendations to enhance traveler experiences while supporting sustainable tourism practices.
Key Features and Benefits
Personalized Recommendations: Utilizes real travel data to provide precise and relevant suggestions tailored to individual preferences.
Sustainability Focus: Guides travelers to less-frequented destinations, alleviating overtourism concerns and promoting responsible travel.
B2B Strategy: Shifted focus to business partnerships, enabling broader adoption and reducing operational costs for companies in the travel industry.
Adaptable Technology: Successfully integrated into various sectors, including hospitality and logistics, demonstrating versatility.
Impact and Success Stories
A traveler discovered a hidden art gallery in Lisbon through Wetime AI's personalized recommendation, showcasing the platform's ability to enhance travel experiences.
Successfully integrated into a packet shipping platform, expanding its application beyond traditional travel sectors.
Conducted a test run in a Dutch hotel, with plans for further expansion across Europe by next spring.
Industry Support and Recognition
Jolanda van der Aart, Senior Manager of Foreign Investments at Amsterdam inbusiness, praised Wetime AI's contribution to sustainable tourism: "By guiding travelers to off-the-beaten-path destinations, Wetime AI not only enhances their experience but also contributes to the sustainability of popular cities."
Technology Differentiation
Unlike platforms relying on broad models, Wetime AI's proprietary, data-driven system delivers highly personalized experiences aligned closely with individual traveler preferences.
Future Prospects and Opportunities
Investor Interest: With upcoming advancements and growth trajectory, Wetime AI presents attractive opportunities for investors and partners.
Media Engagement: The company invites journalists to explore demos, schedule interviews with CEO Sietse Schelpe, and gain insights into future developments.
About Wetime AI
Wetime AI is at the forefront of travel innovation, leveraging proprietary AI technology to create personalized and sustainable travel experiences. By collaborating with industry leaders, the company aims to set new standards in travel technology and contribute to a more personalized and sustainable travel industry.
For more information or to schedule a demo, visit Wetime.ai.
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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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