🤖 Biden-Harris Administration Awards Intel $20 Billion

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In today’s AI Report:

• 🏛Biden-Harris Administration Awards Intel $20 Billion

• 🧯Microsoft Poaches AI Talent for Leadership Roles

• 🏆AI Wins a Pulitzer Prize

• 🛠5 Trending Tools

• 💰Venture Capital Updates

• 💼Who’s Hiring?

Read Time: 3 minutes

🗞RECENT NEWS

U.S. GOVERNMENT

🏛Biden-Harris Administration Awards Intel $20 Billion

The Biden-Harris Administration announced that the U.S. Department of Commerce and Intel reached a non-binding preliminary agreement to provide $20 billion under the CHIPS and Science Act to incentivize domestic semiconductor manufacturing.

Key Details:

• Intel will receive $8.5 billion in direct grants and up to $11 billion in loans to support chip manufacturing projects.

• Over the next five years, Intel plans to invest over $100 billion as it expands operating capabilities in Arizona, New Mexico, Ohio, and Oregon, creating 10,000 manufacturing and nearly 20,000 construction jobs.

• U.S. Secretary of Commerce Gina Raimondo explained: “Today’s announcement is a massive step toward ensuring America’s leadership in manufacturing for the 21st century.”

• The deal also puts the U.S. on track to produce 20% of the world’s most advanced AI chips by 2030.

Why It’s Important:

• The Intel deal is the initial wave of expected government funding for the AI sector under the $52.7 billion CHIPS and Science Act.

• The U.S. government is investing heavily in Intel’s domestic chip production, reducing reliance on foreign manufacturers and potentially improving national security and economic stability.

MICROSOFT

🧯Microsoft Poaches AI Talent for Leadership Roles

Microsoft hired Inflection AI co-founders Mustafa Suleyman and Karen Simonyan to form a new organization called Microsoft AI that focuses on advancing Copilot and developing future research initiatives.

Key Details:

• Suleyman is joining Microsoft as CEO of Microsoft AI. He’ll lead all consumer products and research ambitions for Copilot, Bing, and Edge.

• Suleyman addressed the future of Inflection AI on X: “Inflection AI will continue its mission under a new CEO and look to reach more people by making its API widely available to developers and businesses.”

• Simonyan is joining the group as Chief Scientist to lead research operations and perform scientific research for AI applications.

• Microsoft CEO Satya Nadella commented, “I’ve known Mustafa for several years,” and he is “a visionary, product maker, and builder of pioneering teams that go after bold missions.”

Why It’s Important:

• Inflection AI’s new CEO, Sean White, plans to focus on the company’s enterprise API (i.e., a set of rules and protocols that define how software systems communicate with each other) instead of its consumer chatbot.

• Microsoft is investing in AI talent as it races other technology giants to put AI tools into consumer’s hands. This move brings together a team of experienced executives known for building AI systems.

🩺 PULSE CHECK

AI RESEARCH

🏆AI Wins a Pulitzer Prize

A Pulitzer Prize administrator revealed that five of the 45 journalism finalists admitted to leveraging AI models to streamline the research, reporting, and storytelling processes.

The Pulitzer Prize is a prestigious award given out annually by Columbia University to honor excellence in journalism, literature, and music in the United States.

This year, the Pulitzer Board added an AI disclosure requirement for the journalism category, applying it to over 1,200 submissions.

Marjorie Miller, Administrator of the Pulitzer Prizes, explained: “AI tools at the time had an ‘oh no, the devil is coming’ reputation.” Now, the Pulitzer Board also acknowledges the benefits of AI’s capabilities in enhancing the writing process.

🛠TRENDING TOOLS

💭ThinkAny is the new-era search engine that answers questions quickly and directly.

💣Glowbom lets you create amazing apps with AI without knowing how to code.

🔐ZeroTrusted protects your identity and data from language models.

🔩Creo builds internal tools in the browser.

📰Summate summarizes your newsletter subscriptions.

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

💰VENTURE CAPITAL UPDATES

• Borderless AI raises $27M to expand its AI human resource management platform.

• RapidCanvas secures $7.5M to fuel customer acquisitions through go-to-market and commercial team expansion and customer retention through R&D investments.

• Prescient AI raises $10M to help brands optimize advertisement spending and maximize revenue.

💼WHO’S HIRING?

• Sony Pictures (Culver City, CA): Systems/Data Analytics Intern, TV Production, Summer 2024

• Ballotpedia (Remote): Data Engineering Intern, Summer 2024

• Intel (Folsom, CA): Hardware Engineering Intern, Summer 2024

• Panasonic (Irvine, CA): Software Engineering Intern, Device Verification, SW-2, Fall 2024

• C3 AI (Redwood City, CA): Data Science Intern, Summer 2024

🤖PROMPT OF THE DAY

CUSTOMER DEMOGRAPHIC

📊Who’s My Customer?

Analyze [Business]. Act as a market researcher and provide me with information on the demographics of [Customers], including age groups, income, education, gender, and location.

Business = [Insert Here]

Customers = [Insert Here]

📒FINAL NOTE

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❤️AI Pulse Review of The Day

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