Hey AI enthusiasts,

Get ready to dive into the latest AI news! This week, we explore how industry giants like Nvidia, Meta, and TikTok are making waves with groundbreaking innovations, and we spotlight Anthropic's new Claude 3.5 Sonnet, which claims to outperform leading models like ChatGPT-4o. Stay informed on the cutting-edge advancements and tools shaping the AI industry.

THIS WEEK’S MENU:

• Top 5 AI News of the Week 📰

• Top AI Tool of the Week 🦾

• GenAI Art Picks 🎨

Read time: 5 minutes

Top 5 AI News of the Week

🤝 This Week’s News…

🏆 Anthropic’s New AI Model Claims to Be the Best in the Market

Anthropic has just launched its latest AI model, Claude 3.5 Sonnet, which promises to set a new standard in the AI industry. This release marks a significant advancement, outperforming both its predecessor, Claude 3 Opus, and its competitors across multiple benchmarks.

• Advanced Performance: Excels in graduate-level reasoning, undergraduate-level knowledge, and coding proficiency, demonstrating significant improvements in understanding nuances, humor, and complex instructions.

• Widespread Availability: Free on Claude.ai and the Claude iOS app, with higher rate limits for Pro and Team plan subscribers. Available via Anthropic API, Amazon Bedrock, and Google Cloud’s Vertex AI, priced at $3 per million input tokens and $15 per million output tokens.

• Innovative Features: Operates at twice the speed of its predecessor, making it suitable for complex tasks like context-sensitive customer support and orchestrating multi-step workflows. The new Artifacts feature allows users to generate, edit, and build upon AI-created content in real-time.

🤖 Nvidia Becomes World's Most Valuable Company

Nvidia, the pioneering chipmaker, has overtaken Microsoft and Apple to become the world's most valuable publicly traded company. Nvidia's ascent, with a startling $3.335 trillion market capitalization, highlights the immense potential and growth prospects of the AI industry.

• Market Surge: Nvidia's market capitalization surpassed Apple and Microsoft on June 18, 2024, when its shares surged 3.5% to $135.58.

• AI Chip Dominance: Nvidia controls approximately 80% of AI chips used in data centers, essential for training AI algorithms and powering applications like image generators and chatbots.

• Stock Performance: After more than tripling in 2023, Nvidia's stock has increased by around 174% in 2024 alone

 💼 AI Chatbots to Revolutionize Career Guidance on LinkedIn

LinkedIn is introducing AI-powered career coaching tools to provide personalized job search advice. This new feature, including AI chatbots modelled after career experts, aim to help users navigate career development more efficiently.

• AI-Powered Coaching: AI chatbots modelled after experts offer personalized advice on salary negotiation, growth mindset, and job applications for Premium subscribers.

• Expert Collaboration: LinkedIn has partnered with experts like Alicia Reece, Anil Gupta, Dr. Gemma Leigh Roberts, and Lisa Gates to train its AI models, ensuring responses are aligned with expert knowledge.

• Generative AI Tools: LinkedIn is expanding its AI tools to help users write resumes and cover letters more efficiently, although concerns about potential biases in AI-driven hiring exist.

🛑 Meta Pauses AI Training with European User Data

Meta has confirmed it will pause plans to start training its AI systems using data from users in the EU and U.K. following regulatory pushback.

• Regulatory Pressure: Meta halted plans to train AI using EU/UK user data due to regulatory ristrictions. The Irish Data Protection Commission (DPC) and UK Information Commissioner's Office (ICO) demanded a pause until addressing concerns, with the DPC welcoming Meta's decision after intensive engagement.

• GDPR Compliance Issues: Privacy complaints arose as Meta aimed to use public Facebook/Instagram content for AI training, but NOYB privacy activist group argued it violated GDPR over opt-in/out processes for data processing.

• User Notification Flaws: Meta's user notification method was criticized as hard to notice, and regulators were sceptical of Meta's "legitimate interests" GDPR justification for the policy change.

🎶 Introducing TikTok Symphony: Empowering Creativity with AI

TikTok Symphony, a new suite powered by generative AI, has arrived to revolutionize content creation. Designed to simplify and scale creativity from scripting to production, Symphony levels the playing field for brands, marketers and creators alike.

• Creativity Enhanced: Blending human imagination with AI efficiency, Symphony transforms ideas into compelling TikTok content effortlessly.

• Symphony Assistant: Formerly Creative Assistant, it guides users through brainstorming, best practices, trend identification, and inspiration.

• Scaling Efficiently: The AI Dubbing tool automatically transcribes, translates, and dubs videos into 10+ languages, helping brands boost productivity and scale content globally.

✨ Top AI Tool of the Week ✨

✍️Fireflies.ai

Fireflies.ai is an AI notetaker that enhances productivity by transcribing, summarizing, and analyzing meetings. It is compatible with popular platforms like Zoom, Google Meet, and Microsoft Teams. Fireflies.ai eliminates the need for manual note-taking and ensures you never miss important details.

Application Example: Streamline meeting documentation with automated transcriptions and smart summaries, enhance team collaboration, and ensure accurate follow-up actions.

GenAI Art Picks: Your Weekly Dose of AI Inspiration

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

Isn’t it amazing that all these images were AI-generated? Believe it or not, every pixel was machine-crafted!

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!

How Did We Do?

Got a minute? Tell us how we did this week by replying to this email. Your feedback's like gold – helps us make this newsletter a hit for you! Share, suggest, and let's make this AI journey epic together.