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- 🤖 Is Alexa Becoming Claude?
Plus: First AI-to-AI crypto transaction
Read time: 5 minutes
Supported by OpenAI, 1X Technologies just introduced NEO Beta, a highly realistic AI robot designed to help around the house.
As this humanoid robot gets ready for public use next year, could we soon have robot assistants in our homes?
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AI REPORT
🤖 AI in Robotics Set to Reach $146.8B by 2033
AI-powered robots are now key to boosting productivity and efficiency in many industries, especially in manufacturing, where automation is becoming more and more important.
Key takeaways:
AI robots are transforming automotive and electronics manufacturing.
The AI robotics market is projected to grow from $12.3B in 2023 to $146.8B by 2033.
25% of industrial capital will be directed toward automation by 2029.
AI robots may slash global economic costs by 50%.
Service robots are expected to generate $6.7B by 2024, with significant growth in cloud-based deployments.
Why it matters: Bringing AI into every industry is challenging because it costs a lot and needs skilled workers. However, over the next few years, more than 50% of companies will invest in AI technology to boost their productivity, revenue, and sales.
Combining robots with AI will lead to better results. Without a doubt, 2024 and the years ahead will be times of big technological changes for everyone.
TODAY IN AI
AI HIGHLIGHTS
🔒 JPMorgan Chase and Walmart, once cautious about using tools like ChatGPT, are now creating their own AI assistants to protect privacy and keep data secure.
💼 Microsoft's Copilot AI saves Lumen $50 million annually, boosting sales productivity, but faces criticism from Salesforce CEO for occasional inaccuracies.
🤖 Dartmouth Conference in 1956 marked AI's birth, bringing together pioneers to create intelligent machines, coining the term 'artificial intelligence'.
💰 Coinbase's Brian Armstrong witnesses first AI-to-AI crypto transaction, showcasing AI’s growing capabilities in handling real-world tasks without bank accounts.
📺 Oprah Winfrey hosts ABC special with Bill Gates, Sam Altman, and others, exploring AI's impact on daily life on Sept. 12.
🎤 AI inspires musicians, with platforms like Suno leading, while legal challenges from Universal Music highlight the evolving industry landscape.
📱 ADHD-focused AI tools like ChatGPT and Goblin.tools help with task breakdown, meal planning, and creating to-do lists.
DAILY AI FUNDRAISING
SparkLabs closes a $50 million fund to support AI startups globally, with 35% allocated to Saudi accelerator participants and the rest for Series A and B investments.
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AI QUICK HITS
🗣️ Amazon to upgrade Alexa with Anthropic's Claude AI (Link)
🚨 Tom Hanks warns of fake AI ads using his image (Link)
💻 AWS CEO says AI coding tools may replace developers (Link)
🧠 Scientists create 'cyborg worms' with AI-controlled brains (Link)
🤖 NEO Beta launches the most realistic AI-powered humanoid for home assistance (Link)
AI CHART
What’s all the buzz about?
Microsoft is making waves, with its market value rising 6.6% to $3.08 trillion in May, driven by AI optimism. They’ve launched 'Copilot+' PCs with built-in AI features, which can handle tasks without relying on the cloud.
Apple isn't far behind, with a 12.9% boost to $2.94 trillion, thanks to AI-powered "IntelliPhones" and strong smartphone sales in China.
Walmart also saw growth, up 10.8% to $530 billion, as easing inflation boosts consumer spending.
Meanwhile, Tesla's value dipped 3% to $567.9 billion due to slowing sales and tougher competition in Europe.
So, is AI the future? It sure looks like it. Microsoft and Apple are leading the charge, with Walmart catching up. As for Tesla, they might need to hit the brakes and rethink their strategy.
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AI JOBS
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