Welcome back AI enthusiasts!
In todayās AI Report:
š¦¾Figure AIās $2.6 Billion Humanoid Robot
šMicrosoftās New Finance Copilot for Excel
šAlibabaās Audio2Video Diffusion Model
š 5 Trending Tools
š°Venture Capital Updates
š¼Whoās Hiring?
Read Time: 3 minutes
šRECENT NEWS
FIGURE AI
š¦¾Figure AIās $2.6 Billion Humanoid Robot
Image Source: Canva AI Image Generator
Figure AI, a robotics company designing humanoid robots to perform dangerous and undesired jobs, raised $675 million at a $2.6 billion valuation from Jeff Bezos, Nvidia, and Microsoft.
Key Details:
Founded in 2022, Figure AI developed a general-purpose robot called Figure 01 to optimize manufacturing, warehousing, and retail systems where ālabor shortages are the most severe.ā
Earlier this week, the company published a video showcasing Figure 01 handling plastic crates and interacting with a conveyor belt.
Figure AI is partnering with OpenAI to ādevelop next-generation AI models for humanoid robots.ā The company will also leverage Microsoft Azureās cloud services to expand its AI infrastructure.
Humanoid robots with actuators, motors, and sensors are expensive to build. It requires between $30,000 and $150,000 per unit.
Why Itās Important:
Figure AI competes in a crowded field with established companies exploring robotics, including Teslaās Optimus, which can sort through objects autonomously to perform unsafe, repetitive, or tedious tasks.
Figure AI believes that as āautomation continues to integrate with human life at scale,ā it can minimize the impact of labor-based shortages on the economy.
Today, manual labor compensation is the primary driver of the prices of goods and services. As robots integrate into the workforce, labor costs will decrease until they become āequivalent to the price of renting a robot, vacillating a long-term, holistic reduction in costs.ā
š©ŗ PULSE CHECK
Which company will have the leading humanoid robot in 5 years?
MICROSOFT
šMicrosoftās New Finance Copilot for Excel
Image Source: World Economic Forum/Valeriano Di Domenico
Microsoft is releasing Finance Copilot for Excel to perform critical tasks for financial professionals, including analyzing revenue, expenses, and cash flows.
Key Details:
Many business providers, like HubSpot, Salesforce, and Google, have been integrating AI features into existing product offerings to streamline user efficiency.
Microsoft has already launched Microsoft Copilot, your everyday AI companion that performs operating system functions across Office 365 applications and answers questions with up-to-date information.
The Finance Copilot will be tailored for financial professionals like bankers, advisors, or accountants to automate repetitive data sorting tasks and run variance analysis.
Why Itās Important:
Cory Hrncirik, modern financial lead in Microsoftās office of the chief financial officer, explained: āComparing data taken from different systems is something every financial team on the planet does a lot of.ā
Microsoftās financial planning and analysis teams typically require several hours of weekly reconciliation (i.e., comparing transactions). Internal tests of the Finance Copilot reduced weekly reconciliation chores to 20 minutes.
AI RESEARCH
šAlibabaās Audio2Video Diffusion Model
Alibaba researchers developed Emote Portrait Alive (EMO), an enterprise audio-driven portrait-video generation framework. Simply put, itās an AI model that generates life-like videos of portraits talking, singing, and moving.
EMO was trained on over 250 hours of diverse multi-lingual footage comprised of speeches, films, and concerts.
š TRENDING TOOLS
šPodwise is the premiere quoting, note-taking, highlighting, summarizing, and mind-mapping app for podcast lovers.
šOpenmart finds restaurants and retail leads based on customer criteria.
šBlobr is the AI business assistant that helps you make the right decisions.
š°Velvet makes everyone on your team a data engineer.
šOctomind finds bugs before your users do.
š®Browse our always Up-To-Date AI Tools Database.
š°VENTURE CAPITAL UPDATES
š¼WHOāS HIRING?
Schonfeld (New York, NY): Software Engineering Intern, User Interface, Simmer 2024
Bristol Myers Squibb (Princeton, NJ): Commercial Data Science Intern, Summer 2024
Tesla (Hawthorne, CA): Automotive Photographer & Digital Retoucher, Fall 2024
OpenAI (San Francisco, CA): Engineer Manager, API Capabilities
Cohere (San Francisco, CA): Partner Marketing Manager
š¤PROMPT OF THE DAY
STOCK MARKET
šTechnical Analysis of Stock or Market Trend
Act as a professional financial analyst. Your task is to perform a technical analysis of [Stock or Market Trend] that includes trend analysis, moving averages, and support and resistance levels to identify potential entry or exit points for investment.
Stock or Market Trend = [Insert Here]šFINAL NOTE
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