From innovative government initiatives to groundbreaking corporate strategies and technological breakthroughs, AI is not just a tool of the future but a transformative force in the present. As we delve into these developments, we’ll uncover how artificial intelligence is seamlessly integrating into our daily lives, reshaping the way we work, communicate, and solve complex challenges. 

Explore the latest in global AI news, expertly curated by Rubén Colomer, GP at Next Tier Ventures:

Saudi Arabia aims to become a global AI superpower. After creating a $100 billion fund to invest in AI and injecting an additional $40 billion, they are now setting up a billion-dollar accelerator that will provide financing, technological resources, and government contracts for companies that set up there.

Los Angeles is using artificial intelligence in a pilot program to predict homelessness and allocate social aid. The model integrates data from seven different county departments such as emergency visits, healthcare, public benefits programs, food stamps, income support, and services for individuals or data from the criminal justice system.

Coca-Cola has invested $1.1 billion in Microsoft Cloud and its generative AI capabilities through an agreement with Microsoft to align Coca-Cola’s technology strategy across the organization, enable the adoption of cutting-edge technology, and promote innovation and productivity worldwide.

Rayban Meta glasses are updated and become multimodal. Now we can tell them to play music, recognize images, record videos or make video calls among many other things with the classic style of Rayban Wayfarers.

Adobe launches its third update of Firefly and gives it unmatched photorealistic quality, the ability to apply styles, more detail and precision, along with a greater variety of new editing options.

Artificial Intelligence will create 1.61 million jobs in Spain in the next 10 years. Currently, 45.5% of Spanish companies already incorporate AI into their daily operations.

Apple has acquired the Paris-based artificial intelligence startup Datakalab amid its push to deliver on-device AI tools.

Nvidia is acquiring Run:ai, a Tel Aviv-based company that makes it easier for developers and operations teams to manage and optimize their AI hardware infrastructure. The deal details are not being made public, but could be $700 million.

Apple has launched OpenELM, open-source small AI models designed to run directly on Apple devices and not in the cloud. The 4 new models are now available on Hugging Face

Accenture report on the change in work due to AI. Work, workforce and workers reinvented

– Researchers from the University of Illinois Computer Science Department have demonstrated in this study that ChatGPT-4 can exploit software vulnerabilities thanks to the information present in security advisories published on specialized websites.

– This Anthropic article explores the detection of “infiltrated agents” (also known as “sleeper agents” or “AI trojans”) in LLMs. Infiltrated agents are LLMs intentionally trained to behave normally and helpfully on the surface, while actually hiding a dangerous hidden goal.

Phi 3 is a series of LLMs, with sizes ranging from 3B to 14B parameters, which obtain very good results in the benchmarks, giving some surprising data, such as the small 3B that exceeds ChatGPT in some points.

FinLangNet is a model designed to improve risk prediction in the financial sector. Adopting natural language processing techniques, FinLangNet uniquely models credit loan trajectories similar to linguistic structures.

Cohere Toolkit is a GitHub repo with open-source components for building chatbots with RAG.

Adobe launches a new product, VideoGigaGAN, an artificial intelligence model designed to improve and enlarge low-resolution videos up to 8 times their original size. Based on a specific GAN (Generative Adversarial Network) called GigaGAN, it addresses challenges such as the strange artifacts commonly seen in scaling technologies.

AI continues to forge new paths in both technological fields and everyday applications, proving to be an indispensable part of our future. To stay updated on all things AI, subscribe to the weekly newsletter by Rubén Colomer, GP at Next Tier Ventures, and don’t miss a thing.

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