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In today’s AI Report:

  • 🍎Apple Acquires DarwinAI for GenAI iOS?!

  • đŸ‡ȘđŸ‡șThe EU’s Artificial Intelligence Act

  • 🩠AI Tackles Real-Time Cancer Surveillance?!

  • 🛠5 Trending Tools

  • 💰Venture Capital Updates

  • đŸ’ŒWho’s Hiring?

Read Time: 3 minutes

🗞RECENT NEWS

APPLE

🍎Apple Acquires DarwinAI for GenAI iOS?!

Image Source: Joao-Pierre Ruth/Flickr

Apple quietly acquired Canadian AI venture DarwinAI, which specializes in reducing the size of deep neural networks while increasing efficiency, to integrate GenAI into iOS 18.

Key Details:

  • DarwinAI raised over $15 million in funding across various rounds from investors to provide manufacturers with end-to-end AI solutions to increase production efficiency.

  • Apple acquired DarwinAI earlier this year and integrated a dozen employees into the AI division to explore on-device AI models for the iOS 18 and MacOS 15 operating systems.

  • Alexander Wong, Canada Research Chair in Artificial Intelligence and Medical Imaging, joined Apple as a director of the AI division as part of the acquisition.

  • The “under-the-radar” acquisition is a strategic move by Apple CEO Tim Cook to “break new ground” in AI this year and rival Microsoft.

Why It’s Important:

  • Apple has lagged in releasing GenAI-powered features relative to competitors like OpenAI, Google, Meta, and Microsoft.

  • This acquisition highlights Apple’s ambition to become a leader in on-device AI systems through powerful GenAI features without draining battery life or requiring a constant internet connection.

đŸ©ș PULSE CHECK
AI REGULATION

đŸ‡ȘđŸ‡șThe EU’s Artificial Intelligence Act

Image Source: European Parliament/Flickr

The European Parliament passed the Artificial Intelligence Act, the world’s most comprehensive set of AI regulations, to ensure safety and compliance with fundamental rights.

Key Details:

  • On Friday, Members of the European Parliament (MEPs) endorsed the regulations with 523 votes in favor, 46 against, and 49 abstentions.

  • The act aims to safeguard fundamental rights, protect democracy, and promote environmental sustainability while boosting innovation to guarantee Europe becomes a leader in sustainable AI advancements.

  • Newly banned AI app features include biometric and facial recognition of sensitive characteristics (i.e., identity, sex, ethnicity, and age), social scoring, and voice cloning software.

  • Areas labeled “High-Risk AI” include infrastructure, education, and employment. These areas will face strict obligations like risk assessment, transparency, and human oversight when implementing AI systems.

  • The rules will take effect in stages, with several “High-Risk AI” areas being regulated as early as six months after the law enters into enforcement.

Why It’s Important:

  • The Artificial Intelligence Act positions European lawmakers as the global standard for regulation. It allows citizens to examine the data used to train AI models, promoting transparency and communication between companies and users.

  • Text-to-image generation tools and conversational chatbots are considered “Limited-Risk AI” and only require products like OpenAI’s ChatGPT to assure users know they’re using AI models.

AI RESEARCH

🩠AI Tackles Real-Time Cancer Surveillance?!

Researchers from the Department of Energy’s Oak Ridge National Laboratory (ORNL) and Louisiana State University developed Path-BigBird, an AI tool that processes millions of pathology reports to track cancer trends.

Path-BigBird was trained on over 2.7 million pathology reports collected by cancer registries. The AI tool outperforms traditional approaches to identifying cancer details, including the cancer’s category, location, and severity.

Mayanka Chandra Shekar, a research scientist in the Computational Sciences and Engineering Division at ORNL, explained: “Our goal is to see if we can automate the process of extraction for specific cancer site information for these pathology reports, transforming them into structured data for national-level cancer incidence reporting.”

LEARN MORE

🛠TRENDING TOOLS

🕾byebot enhances your browser automation for scraping, testing, and monitoring.

đŸ›čDiveDeck is a multi-layered content deck builder.

📓Cody is a career journaling app to log daily achievements, goals, and learning experiences.

🎙Transistor generates incredibly accurate transcripts for your podcast episodes.

😁blobr is a business assistant that helps you make the right decisions.

🔼Browse our always Up-To-Date AI Tools Database.

💰VENTURE CAPITAL UPDATES

  • Lily AI closes a $20M Series B to accelerate the company’s customer-centered retail AI platform.

  • Kaedim raises $15M to fund AI-based 3D asset creation solutions.

  • Unstructured secures $40M, enabling enterprises to integrate language modes with their data.

đŸ’ŒWHO’S HIRING?

  • Samsung (San Jose, CA): Global Mobility Intern, Enterprise SSD Firmware Engineer, Summer 2024

  • SoundCloud (New York City, NY): Finance Data Analyst Intern, Summer 2024

  • Intel (Remote): UI Software Engineer Intern, Summer 2024

  • Flomad Labs (Remote): Prompt Engineer Intern, Fall 2024

  • Shield AI (San Diego, CA): Staff Software Engineer, Foundations Test

đŸ€–PROMPT OF THE DAY

DATA COLLECTION

🎯Industry Specific

What are the most effective tools, methods, and platforms for collecting, analyzing, and reporting data in [Industry]?

Industry = [Insert Here]

📒FINAL NOTE

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