AI Update - Monday, October 14, 2024
Seth Waters
Chief Growth Officer @ Fortuna | Strategic Business Development & AI-Led Growth | Executive MBA (In Progress) | Editor, AI Insights | Scaling Impact Through Innovation
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Adobe launched video generation capabilities for its Firefly AI platform ahead of its Adobe MAX event on Monday. Starting today, users can test out Firefly’s video generator for the first time on Adobe’s website, or try out its new AI-powered video feature, Generative Extend, in the Premiere Pro beta app.
✢ After selling his last AI startup to Meta, Beyond Presence’s founder nabs $3.1M to build lifelike avatars
Computer vision applications are getting a huge boost from advances in smartphones combined with AI that helps fill in the gaps of what everyday devices cannot see. Using these tools, a startup out of Munich called Beyond Presence believes it holds the keys to what is coming next: Hyper-realistic avatars that look and sound exactly like their human counterparts and can be used in real-time, conversational situations.
✢ Researchers question AI’s ‘reasoning’ ability as models stumble on math problems with trivial changes
How do machine learning models do what they do? And are they really “thinking” or “reasoning” the way we understand those things? This is a philosophical question as much as a practical one, but a new paper making the rounds Friday suggests that the answer is, at least for now, a pretty clear “no.”
The data center industry is expanding rapidly to keep up with the flywheel growth of AI. While these data centers are necessary AI infrastructure, they store an AI company’s compute, they are expensive to build, seemingly more so to run, and they are a huge energy suck. Startups are looking to make data centers more efficient and sustainable, but it isn’t that simple.
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It’s hard to know where to focus when speaking to Christoph Kohstall. The contents of his packed Palo Alto garage compete for attention. To his immediate right stands a tower of electrical components, dotted with flashing lights. To his left is a workbench and the tops of machining tools.
✢ ‘Where we are today in biology AI is similar to GPT in 2020’: An interview with the CEO of Africa’s biggest AI startup
In January last year, German biotech company BioNTech acquired African AI startup InstaDeep for over $550 million, a deal finalized in July of the same year. Instadeep, whose exit is currently the largest from Africa, has been operating under the German pharma umbrella for just over a year. Now is a good time to look at how it has fared since the acquisition.
Japan’s startup sector, despite being one of the biggest in the world, has lagged behind other regions like the U.S., China, and the U.K., in terms of the number of unicorns and the scale of venture capital investment. For years, an aging population, overall economic deflation, and salarymen’s inclination to work at traditional, big corporations meant the startup life wasn’t an attractive one for many.