🤖 New Search Engine Turns the Web Into a Database

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Welcome back AI enthusiasts!

In today’s Daily Report:

• 🔍New Search Engine Turns the Web Into a Database

• 🌲Stanford Publishes 2024 Index AI Report

• 🔊Adobe Research Generates AI-Powered Sounds for Videos

• 🛠Trending Tools

• 💰Funding Frontlines

• 💼Who’s Hiring?

Read Time: 3 minutes

🗞RECENT NEWS

AI STARTUPS

🔍New Search Engine Turns the Web Into a Database

Exa just unveiled “Websets,” a new search engine that turns the chaotic web into a structured database.

Key Details:

• “Websets” is powered by the world’s first Web-Scale Embedding-Based Search Engine, which is an AI system trained to organize the whole web by meaning.

• Here’s a concise breakdown of how “Websets” works:

  1. Crawling The Web: It crawls the web, extracting information from billions of web pages.

  2. AI Processing: The extracted information is processed by an AI system that identifies content relevant to your search (e.g., names, emails, or job titles).

  3. Database Creation: The AI system organizes the content relevant to your search into a structured database.

• For example, you could ask “Websets” to find USC Marshall School of Business alumni working at a startup in Silicon Valley.

Why It’s Important:

• “Since I was a kid, I dreamt of what it’d be like to have the whole world’s data at my fingertips,” said Exa CEO Will Bryk.

• It’s essentially a search engine that transforms search results into a detailed Microsoft Excel spreadsheet.

🩺 PULSE CHECK

AI TRENDS

🌲Stanford Publishes 2024 Index AI Report

Stanford University (“Stanford”) published their 2024 Index AI Report to provide unbiased, rigorously vetted, and broadly sourced data on the latest AI developments.

Key Details:

• Here’re the top three takeaways:

  1. 66% of people anticipate that AI will significantly impact their lives within the next few years. However, 52% of people express feeling more concerned than excited about AI.

  2. The training costs of AI models have reached unprecedented levels. For example, OpenAI’s GPT-4 required $78 million of computing power to train, while Google’s Gemini Ultra required $191 million to operate.

  3. Generative AI (GenAI) investments have skyrocketed, nearly octupling since 2022 to $25.2 billion. Major players include OpenAI, Anthropic, Hugging Face, and Inflection AI.

Why It’s Important:

• People’s mixed feelings toward AI highlight the urgent need for transparent and ethical AI development to build trust and mitigate fear.

• Tech Giants will likely commit upwards of $600 billion in Capital Expenditures (CapEx) for AI infrastructure this year, underscoring the glaring short-term mismatch between investments in GenAI and the technology’s current revenue.

AI RESEARCH

🔊Adobe Research Generates AI-Powered Sounds for Videos

Sound designers often create sound effects from various sources that may not resemble the original video. For example, they use crinkling paper for a warm fire, a coconut shell for horse hooves, or a celery stick snapping for breaking bones. So, what if you could streamline this process?

Adobe Research developed “MultiFoley,” a tool that generates high-quality sound effects for videos through text prompts or reference audio.

“MultiFoley” can create clean sounds (e.g., skateboard wheels spinning without wind noise) or whimsical sounds (e.g., making a lion’s roar sound like a cat’s meow).

Here’s a concise breakdown of how “MultiFoley” works:

1. User Input: Users provide a video with a text prompt like “a squeaky door opening in a haunted house.”

2. Video Analysis: It analyzes the video, extracting visual elements like object movements or lighting conditions.

3. Sound Synthesis: It accesses a vast dataset of sound effects to generate sounds that match the video.

4. Sound Manipulation: The generated sounds are further refined to match the overall visual elements of the video.

5. User Output: It creates high-quality sound effects that seamlessly integrate with the video to enhance the viewing experience.

🛠TRENDING TOOLS

🪧MukuAI turns URLs into engaging ads.

🛒LuneAI finds LLMs tailored for specific jobs.

💨Shadow completes your post-meeting tasks for you.

🧠SuperMemoryAI is a second brain for all your saved content.

🦍ideaape collects insights on any brand, product, or culture from Reddit.

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

💰FUNDING FRONTLINES

• Lica lands a $4M Seed Round to build an AI tool for product presentations.

• Cadenza creates a $50M Early Stage AI Venture Fund focused on enterprise use cases.

• Tenstorrent raises a $693M Series D to build workstations to run, test, and deploy AI models.

💼WHO’S HIRING?

• Leidos (Remote): LLM Research Scientist Intern, Summer 2025

• Sabre Corp. (Dallas, TX): Software Engineering Intern, Summer 2025

• Mind Company (San Francisco, CA): Software Engineering Intern, Summer 2025

• T-Mobile (Atlanta, GA): Software Engineer Intern, Digital Orders, Summer 2025

• NVIDIA (Santa Clara, CA): Research Scientist, Autonomous Vehicles, New College Grad 2025

🤖PROMPT OF THE DAY

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📒FINAL NOTE

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