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🥤 AI Taster Tells Coke from Pepsi

🥤 AI Taster Tells Coke from Pepsi

AI replaces judges at Wimbledon 2025

Jane Lee
October 10, 2024

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Plus: AI replaces judges at Wimbledon 2025

Read time: 5 minutes

Last year, generative AI products managed to keep users engaged even after the initial excitement wore off. The answer to this is clear now. OpenAI is earning billions, while companies like ElevenLabs and Synthesia are becoming common tools for Fortune 500 businesses.

What about the next year? What is your prediction? You can find the answer in the latest research from the State of AI.

AI REPORT

💡 State of AI Report 2024

Last year saw foundation models rise, and this year brought progress and focus. Companies now build products, not just models.

Key takeaways:

Performance gaps between GPT-4 and other models are narrowing, with OpenAI o1 leading for now, but it’s uncertain for how long.
LLM research focuses on planning and reasoning with advanced algorithms.
Foundation models enable multimodal scientific research.
AI companies' value hits $9T, public firms see bull market.
US sanctions minimally impact Chinese labs' model production.
Some AI companies, especially those in video and audio generation, are making serious money, though questions about long-term profitability remain.

Why it matters: As AI adoption grows, so do the challenges. Global disagreements on regulation and the increasing strain on resources like power and land are now unavoidable. Despite this, NVIDIA has emerged as a dominant force, reaching $3 trillion in value and shaping the future of AI technology. Its leadership remains unshaken, even as competitors and regulations try to catch up.

🎁 Today's Trivia - Vote, Learn & Win!

Trivia Weekly is here to find the next winner for a 3-month membership to AI Fire Academy! Are you confident in answering this question?

Which company recently announced a significant upgrade to its AI search capabilities, allowing users to find specific objects in video footage?

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TODAY IN AI

AI HIGHLIGHTS

🤖 AI-powered graphene 'tongue' distinguishes Coke from Pepsi. Researchers develop accurate chemical sensors using machine learning to overcome device variations.

🐦 OpenAI's projected $44 billion loss matches Elon Musk's Twitter purchase price raising questions about Silicon Valley's big investments.

🔍 Ring introduces AI-powered Smart Video Search for Home Pro subscribers allowing easy scanning of footage for specific objects and actions. Such as “Find the bird perched on a branch”.

🚀 Shield AI co-founder Brandon Tseng visits Ukraine to sell AI pilot systems, opposing fully autonomous weapons that make kill decisions without human involvement.

🧬 Nobel Prize in Chemistry 2024 awarded to Baker for designing proteins and Hassabis/Jumper for AI-powered protein structure prediction revolutionizing scientific research

DAILY AI FUNDRAISING

Basecamp Research raised $60 million to develop an AI capable of understanding biology and biodiversity, aiming to generate new insights beyond human capability. Its AI outperforms others in predicting complex protein structures.

AI SOURCES FROM AI FIRE

20 AI Startups Raise Over $415M

Explore 20 innovative AI startups raising funds, from gaming to law. Learn how these companies align with the AI grant for cutting-edge solutions.

🔥 AI Fire Academy | AI Deals

Is GPT o1 the Key to Perfecting Make Automations?

Learn how GPT o1 enhances Make.com automations, improving workflows and troubleshooting with ease.

🔥 AI Fire Academy | AI Automations

NEW EMPOWERED AI TOOLS

📈 Miro 2.0 turns ideas into prototypes, plans, briefs and more.
🎞️ Cooraft turns a selfie into professional portrait videos.
✊ GodmodeHQ is AI agents to understand and contact customers.
🗣️ Flow Voice AI uses your voice to write faster in every application
✅ Firebender is a lightning-fast coding assistant within Android Studio

AI QUICK HITS

🖥️ AMD launches Ryzen AI processors for next-gen PCs (Link)
🎾 AI replaces human line judges at Wimbledon 2025, ends 147-year human judge (Link)
🌐 Stripe and NVIDIA expand partnership for global AI services (Link)
🎥 MiniMax Hailuo AI adds image-to-video feature (Link)
⚙️ AMD launches MI325X AI chip to rival Nvidia (Link)

AI CHART

Source: Mckinsey

With the global economy still uncertain, retail banks should focus on putting customers first and protecting profits while using digital tools and AI.

Here’s how:

Protecting Margins with AI: Banks use AI to analyze deposits, lending, and fraud. This helps in better pricing, trend monitoring, and boosting productivity.
Hyper Personalization: AI enables personalized experiences, precise audience targeting, and optimized content to keep customers engaged.
Smarter Fraud Detection: AI helps balance fraud protection and customer convenience, reducing false alarms while ensuring legitimate transactions.
AI-Driven Customer Engagement: Gen AI enhances customer service with real-time support and automates backend tasks, freeing up employees for critical work.
Smarter Pricing and Retention: AI improves pricing strategies for deposits and loans, helping retain customers and enhance satisfaction.
Boosting Productivity with Gen AI: Gen AI speeds up document processing, fraud management, and talent management, reducing manual tasks.

What’s next: As gen AI evolves, expect more use cases to enhance customer service and streamline operations, making banks more efficient and resilient.