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18 Dec 2024

LTIMindtree Embraces AI Adoption Strategy, Eschewing In-House Development

LTIMindtree, a major Indian IT company, is taking a unique approach to AI integration by focusing on adoption rather than in-house development. This strategy sets them apart from competitors and reflects a pragmatic view of the rapidly evolving AI landscape.

2 Sources

AI Startup Basis Raises $34 Million for Accounting Automation Agent

Basis, an AI startup, has secured $34 million in Series A funding to develop autonomous agents for accounting automation, promising to revolutionize the industry by reducing manual work and addressing the shortage of accountants.

4 Sources

Mondelez International Harnesses AI for Snack Innovation: Oreos and Beyond

Mondelez International, the maker of Oreos and other popular snacks, is using AI to accelerate flavor development and recipe optimization, revolutionizing their R&D process.

4 Sources

Mili Raises $2 Million to Revolutionize Wealth Management with AI Assistant

Mili, an AI-powered meeting assistant for wealth advisors, secures $2 million in seed funding to enhance its product and expand operations. The startup aims to streamline workflows and boost productivity in the wealth management industry.

2 Sources

Verizon and NVIDIA Collaborate to Power AI Applications on Private 5G Networks

Verizon and NVIDIA have announced a new solution that enables AI applications to run on Verizon's 5G private networks with Mobile Edge Compute, offering real-time AI services for enterprises.

5 Sources

YouTube Partners with CAA to Combat AI-Generated Celebrity Deepfakes

YouTube is collaborating with Creative Artists Agency (CAA) to test new technology that will help celebrities and athletes identify and manage AI-generated content using their likeness on the platform.

11 Sources

Grammarly Acquires Coda: A Strategic Move Towards AI-Powered Productivity

Grammarly, the AI writing assistant company, acquires productivity startup Coda and appoints its co-founder Shishir Mehrotra as the new CEO, signaling a shift towards becoming an AI productivity platform.

4 Sources

Algorhythm Holdings Secures $2 Million in Funding Amidst Financial Challenges and AI-Driven Logistics Innovations

Algorhythm Holdings, an AI-driven technology company, announces a $2 million registered direct offering despite financial struggles. The company's investments in AI-enabled logistics and consumer electronics showcase potential amid market volatility.

2 Sources

Google-Backed AI Startup Character.ai Hosts Controversial School Shooter Chatbots

Character.ai, a Google-funded AI startup, is under scrutiny for hosting chatbots modeled after real-life school shooters and their victims, raising concerns about content moderation and potential psychological impacts.

2 Sources

Big Tech's Overtures to Trump: Seeking Favorable AI Policies and Regulatory Relief

Major tech companies and their leaders are courting President-elect Donald Trump, hoping to influence policies on AI regulation, antitrust enforcement, and data center expansion in his potential second term.

7 Sources

Salesforce Unveils Agentforce 2.0: A Leap Forward in Enterprise AI and Digital Labor

Salesforce launches Agentforce 2.0, an advanced AI platform for enterprises, featuring improved reasoning capabilities, integration with Slack, and a new library of pre-built skills. This update positions Salesforce as a leader in the emerging digital labor market.

10 Sources

OpenAI Releases Full o1 Reasoning Model to Select Developers, Enhancing AI Capabilities and Pricing

OpenAI has made its advanced o1 reasoning model available to select developers, offering improved AI capabilities but at a premium cost. The release includes updates to the Realtime API and new fine-tuning methods.

6 Sources

Writer Unveils Palmyra Creative: A New AI Model Tackling the 'Sameness Problem' in Generative Content

Writer launches Palmyra Creative, an innovative AI model designed to enhance creativity and originality in AI-generated content, addressing the 'sameness problem' plaguing current AI outputs.

2 Sources

Engineered Arts Secures $10M Funding, Restructures as U.S. Company to Scale Humanoid Robot Production

Engineered Arts, a humanoid robotics company, has restructured as a U.S. entity and raised $10 million in Series A funding to accelerate product development and scale production of its advanced humanoid robots.

2 Sources

AC Future Unveils Final Design of AI-Powered Transformable Smart Home

AC Future, in partnership with Hydra Design Labs, reveals the final design of its AI-enabled Transformable Home (Ai-TH), a zero-emissions smart home solution set to debut at CES 2025.

2 Sources

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