Hey AI enthusiasts,

We’re back with the latest AI news and updates of the week!

THIS WEEK’S MENU:

• Top 5 AI News of the Week 📰

• Gen AI Digital Art Picks 🎨

Read time: 2 minutes

Top 5 AI News of the Week

🤝 This Week’s News…

💻 Google's I/O News: Gemini Updates, AI Assistants & More

On May 14th, Google held its annual developer conference, where participants could hear about the latest product news and innovations. Google announced 100 new updates - most importantly, the company launched Project Astra, a virtual AI assistant that you can connect through video and voice recognition. Furthermore, Google’s Gemini has been updated with various AI services, regarding Google Workspace, Google Search and even Google Veo for realistic video creation.

🚫 Microsoft’s Ban on Police Use of Facial Recognition Technology

Microsoft has taken a significant step by banning the use of facial recognition technology by law enforcement agencies on its Azure OpenAI platform in the United States. The decision comes amid growing concerns over the potential biases and inaccuracies associated with AI-driven facial recognition systems. The move reflects broader industry efforts to address the societal impacts of advanced technologies in law enforcement.

📦 SK Hynix High-End AI Memory Chips Sold Out Through 2025

SK Hynix, a major semiconductor company, announced that its entire 2024 production of high-end memory chips is sold out, with significant orders already placed for 2025, reflecting the surging demand for cutting-edge AI hardware. The company is a key supplier to Nvidia, a major player in the global AI chip market.

🇯🇵 AI Solutions for Japan's Aging Workforce

Japan is leveraging AI to combat labor shortages due to its aging population. Across industries, from factories detecting product flaws to agricultural apps diagnosing crop issues, technology is filling crucial gaps. While AI enhances efficiency, it works alongside human labor, notably in education. With the government and various businesses embracing AI, Japan adapts to workforce challenges while emphasizing the importance of human involvement.

🏆 At $80B Valuation, OpenAI Surpasses Competitors as Most Funded AI Startup

OpenAI has emerged as the top 3 unicorn globally, surpassed only by SpaceX and ByteDance.

It is now the top-funded AI startup globally, having raised over $14 billions in capital and achieving an $80 billion valuation, propelled by strategic partnerships including Microsoft. Leaving behind its competitors, such as Anthropic, Databricks, and Mistral AI, among others.

GenAI Art Picks: Your Weekly Dose of AI Art🎨

We’re back with our curated AI art pieces this week to get you inspired to create your own AI masterpieces. 🙌 👨‍🎨

Can you believe all these images were AI-generated? Impressive what we can achieve with artificial intelligence!

That's it for this week's AI tips & news! Hope you found some gems to spark your curiosity and imagination. Stay tuned for more AI news and tips next week. Keep exploring and stay awesome in the world of AI!

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