📈 How are companies using AI?

➜ The Days of the Spreadsheets Are Over. Treasury services are getting powered by AI. Innovations in payment like cash flows or transaction flagging are now headed into full automation; saving the executives’ the time to focus on more strategic initiatives. According to Maria Chavez, J.P. Morgan’s Head of Payments “it’s about data analytics and business intelligence, robotics and AI”. Guess it’s time to say goodbye to the good old Excel.

PYMNTS

➜ "Bonjour, Hola, Namaste": Gemini Live Goes Multilingual. Google's conversational AI voice chat, Gemini Live, will be expanding beyond English to include French, German, Portuguese, Hindi, and Spanish! These new languages will be available to all users within two weeks, with support for over 40 languages planned right after. Gemini Live has transitioned from a subscriber-only feature to a free service for all Android users in just one month. Im-pre-ssive!

The Verge 

➜ Video Content Creation Boost. A new AI model, "Meta Movie Gen," has been unveiled by the tech giant for creating 16-second videos from text inputs. According to Connor Hayes, a Meta VP, the technology will be integrated into the company's apps next year, with safeguards being implemented to prevent misuse.

PYMNTS 

➜ Nvidia is NOT Gatekeeping Their New AI Model. Tech giant has released a powerful open-source artificial intelligence model, NVLM 1.0, that competes with proprietary systems from OpenAI and Google. By making the model weights publicly available and promising to release the training code, Nvidia breaks from the trend of keeping advanced AI systems closed. Good news for researchers and devs.

VentureBeat

➜ AI's “Shaky” Role in Finance. Time to Slow Down? In a recent interview with Fortune, Jason Strle, Discover Financial Services' CIO, shared insights on the cautious approach to generative AI in the financial sector. While AI could potentially add up to $340 billion in annual value to the industry, concerns over regulatory constraints and data protection are slowing adoption. Human oversight, highlights Strle, is the only way to go about deployments. Yes, we don’t want to over-rely on AI. 

Fortune 

💡 What are the nerds up to?

➜ 'Mozart of Math' Composes AI-Human Harmony. Terence Tao, UCLA's renowned mathematician, has shared his insights on AI's role in mathematics with The Atlantic magazine. It has been reported that Tao sees AI as a potential collaborator rather than a replacement, enabling mathematicians to explore previously unreachable problems. The professor notes that unlike graduate students, current AI models struggle to truly learn from mistakes.

TechCrunch 

➜ Even the ‘Godmother of AI’ Has no Idea What AGI is. What’s artificial general intelligence? That’s the question asked by Fei-Fei Li, a world-renowned researcher often called the “godmother of AI”, during the discussion on Thursday at Credo AI’s responsible AI leadership summit. Li has also dove into how society should protect itself against advanced AI models, and why she thinks her new unicorn startup World Labs is going to change everything. 

TechCrunch

➜ Cursor’s Founders on Future of Programming with AI. Latest conversation led by Lex Fridman and founders of Cursor – a code editor tool that specializes in AI-assisted programming – Aman Sanger, Arvid Lunnemark, Michael Truell, and Sualeh Asif about the future of programming and, in general, the future of human-AI collaboration. Definitely worth listening to if you’re into designing and engineering complicated and powerful systems. 

YouTube

➜ Open-source Real-time Talk-to-AI Wearable Device for a Few Bucks. An open-source project Starmoon uses affordable hardware components to bring AI characters to real-word objects to help people’s emotional growth. It can understand emotions and respond with empathy, offering supportive conversations and personalized learning assistance. Could there be anything more cozy?

Hacker News

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