Welcome, AI enthusiasts!

Today’s AI insights:

• 💼 OpenAI's $250 million deal with News Corp

• 📈 Nvidia stock hits record high

• ✍ Enhance Your Writing with AI

• 🛠 New AI tools

• 🗞️ Byte-sized AI and Tech news

• 📝 AI Meme of the day

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OPENAI

OpenAI's $250 million deal with News Corp

OpenAI has formed a significant partnership with News Corp, giving it access to a vast array of news content to enhance its AI models and improve the quality of information provided to users.

The Details:

• Content Access: OpenAI will utilize current and archived content from News Corp's major news publications, including The Wall Street Journal, Barron’s, MarketWatch, The Times, and The Australian. This content will be integrated into ChatGPT to provide more reliable information.

• Journalistic Expertise: News Corp will offer its expertise to ensure that the AI-generated content adheres to high journalistic standards.

• Strategic Value: This partnership is valued at potentially $250 million over five years, aiming to set new standards in digital journalism and enhance user experiences with authoritative content.

This collaboration marks a pivotal step in merging high-quality journalism with advanced AI, promising to enrich digital experiences with reliable and well-curated information.

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NVIDIA

Nvidia stock hits record high

Nvidia's stock has reached a new all-time high ahead of its highly anticipated earnings report this week, reflecting the company's strong position in the AI sector and investor optimism.

The Details:

• Record Stock Performance: Nvidia's stock closed at $954 on Tuesday, surpassing its previous high of $950 set in March. This new peak comes amid high expectations for its upcoming earnings report.

• Market Influence: Nvidia's stock has surged by over 500% in the past 18 months due to its dominant position in the AI semiconductor market, capturing around 80% of the market share for machine learning applications.

• Earnings Anticipation: Analysts expect Nvidia to report substantial growth, with revenue projected to increase by 240% to $24.6 billion and net income by 540% to $13.1 billion for the first quarter of 2024.

Nvidia's impressive stock performance underscores its key role in AI. Meeting or exceeding analysts' expectations will be crucial in maintaining its market momentum and leadership in AI technology.

AI TUTORIAL

Enhance Your Writing with Flot AI

Use Flot AI: Flot AI is a versatile AI writing assistant. It helps with various text-based tasks such as writing, paraphrasing, summarizing, translating, and more, directly within any app or website.

Steps to follow:

1. Install Flot AI: First, visit the Flot AI and download the application suitable for your operating system (Windows, macOS, iOS, Android).

2. Activate Flot AI: Once installed, activate Flot AI by logging into the tool. You may need to enable it in your browser or app settings.

3. Use Flot AI: Simply highlight text or click into a text field where you want assistance. Flot AI will provide options to write, improve, paraphrase, summarize, translate, explain, or reply to the text.

4. Customize Settings: Adjust Flot AI’s settings to suit your specific needs, such as language preference, tone of voice, and the type of assistance required.

5. Review and Apply Changes: Review the suggestions made by Flot AI and apply them as needed to enhance your text.

NEW AI TOOLS

NEW AI TOOLS:

 ✉️ ColdEmailAI - AI-powered LinkedIn messages for personalized cold emails

🎥 Eightify- AI YouTube summary tool for quick video insights

 📝 Languify - AI tool for copyright and user experience enhancement

💡 MiniAiLive - Cutting-edge biometric authentication solutions

 📸 Photoroom - Remove image backgrounds and download as PNGs

🎓 Classroom AI - AI technology to enhance teaching and learning

AI & TECH NEWS

Microsoft and Khan Academy education partnership

Microsoft and Khan Academy are partnering to offer free AI tools to U.S. teachers using Azure AI. Khanmigo for Teachers will help create lesson plans, provide real-time tutoring, and customize content, aiming to save time and boost student engagement.

Google to add ads to new AI Overview in search transformation

Google is testing ads in its AI-generated search answers, known as AI Overviews. These "sponsored" ads will be integrated from existing campaigns, requiring no extra effort from advertisers, as Google adapts its search advertising model to the era of generative AI.

Meta introduces Chameleon, a state-of-the-art multimodal model

Meta has launched Chameleon, a multimodal AI model that integrates text, images, code, and more using an "early-fusion" approach to transform all inputs into unified tokens. It excels in image captioning and visual question answering, while also performing well in text-only tasks. Meta aims to offer Chameleon as an open alternative to private models, potentially advancing AI applications like robotics.

Microsoft ties up with UAE-based AI firm to invest $1 bln in Kenya data center

Microsoft is partnering with UAE-based AI firm G42 to invest $1 billion in a geothermal-powered data center in Kenya, aiming to expand cloud-computing services in East Africa. The data center will provide access to Microsoft's Azure, and G42 is also training an AI model in Swahili and English. The agreement will be signed during Kenyan President William Ruto's U.S. visit, with the data center expected to be operational within two years.

AI MEME OF THE DAY

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