Viva Technology’s Post

We spoke with Marko Vidrih, co-founder of CREATUS.AI, about their shift from social media tool development to providing easy-to-use AI solutions for businesses. He shared 5 valuable steps they’ve taken to improve their platform so now I'm sharing this with you: 1. Their growth is fueled by real user feedback. Simple, yet so effective. 2. Early adopters came directly from Marko's own network. 3. They're investing heavily in R&D while maintaining a sharp eye on financial management. 4. They produce content that not only shows but also explains how their AI tools solve business problems. 5. Their no-code approach has opened doors for everyone, proving to be a major advantage. Read more about their journey here 🔥🔥🔥 https://lnkd.in/etR5u9yZ

Two people you likely didn't think were THAT into AI, NBA legend Shaquille O'Neal and music icon Will.i.am are making waves with their savvy investments in artificial intelligence. Both have been early backers of some of the biggest names in the AI industry, including #Google and #OpenAI. Shaq's journey into the world of tech investments began in 1999 when he was invited to invest in Google's Series A round!!! His investment acumen has since expanded to include other tech unicorns like Lyft and Ring. He's not just throwing money around; he's taking stock plus cash deals and becoming a vocal and visual owner. His latest investment, Edsoma Reads, aims to improve children's literacy through #AI, a cause close to his heart due to his own struggles with reading as a child. Will.i.am, on the other hand, has been deeply involved in the tech world for years. He co-created Beats by Dre, which Apple acquired for $3 billion, and has stakes in AI companies like OpenAI, Anthropic, and Hugging Face. His latest venture, FYI, is an AI-powered productivity app designed to help creatives collaborate more efficiently, and it looks pretty slick for its early development stages. Both celebrities believe that AI has the potential to level the playing field and bring about societal change. They see it as a tool that can solve problems and create new industries, thereby balancing inequities. It's not just about making money for them, it's about making a difference. https://lnkd.in/gmtmYg4k

Technology Leaders Commenting On AI ...... 😀 🚀 Alphabet ...first, improving knowledge and learning… ...we are helping people use AI to boost their creativity and productivity… …we are making it easier for others to innovate using AI… …we are making sure we develop and deploy AI technology responsibly so that everyone can benefit. 🚀 Tesla Tesla’s management believes that (1) the company’s Autopilot service has a data-advantage, as AI models become a lot more powerful with more data, and (2) self-driving will be safer than human driving 🚀 Tencent Tencent is testing its own foundational model for generative AI, and Tencent Cloud will be facilitating the deployment of open-source models by other companies; the development progress of Tencent’s own foundational model is good 🚀 Shopify Shopify’s management believes that entrepreneurship is entering an era where AI will become the most powerful sidekick for business creation 🚀 Paypal P PayPal’s management believes the use of AI will allow the company to operate faster at lower cost 🚀 Microsoft 11,000 organisations are already using Azure OpenAI services, with nearly 100 new customers added each day during the quarter 🚀 Meta Meta’s management is seeing the company’s investments in AI infrastructure paying off in the following ways: (1) Increase in engagement and monetisation of Reels; and (2) an increase in monetisation of automated advertising products 🚀 Mastercard Mastercard’s management sees AI as a foundational technology for the company and the technology has been very useful for the company’s fraud-detection solutions, where Mastercard has helped at least 9 UK banks stop payment scams before funds leave a victim’s account 🚀Apple Apple has been doing research on AI for years and has built these technologies as integral features of its products; management intends for Apple to continue investing in AI in the years ahead 🚀 Amazon Amazon’s management thinks generative AI is going to be transformative, but it’s still very early days in the adoption and success of generative AI, and consumer applications is only one opportunity in the area 🚀 Airbnb Airbnb’s management thinks AI is a once-in-a-generation platform shift (a similar comment was also made in the company’s 2023 first-quarter earnings call) https://lnkd.in/eF8u9-z4 #signals #marketing #scaling

#AI, Mistral, a French A.I. start-up, is valued at $6.2 billion Created by alumni from Meta and Google, Mistral is just a year old and has already raised more than $1 billion in total from investors, leading to eye-popping valuations.   Mistral, a French  artificial intelligence start-up, said on last Tuesday that it had raised 600 million euros, or about $640 million, from investors, a sign of robust interest in a company seen as Europe’s most promising rival to OpenAI and other Silicon Valley A.I. developers.   Mistral is now valued at €5.8 billion, according to a person familiar with the investment, an eye-popping sum for a company founded just one year ago by alumni from Meta and Google. The company’s valuation has roughly tripled since December, when it raised €385 million.   Investors in the latest round included the venture capital firms General Catalyst, Andreessen Horowitz and Lightspeed Venture Partners, as well as Nvidia, Samsung, Salesforce, Cisco, IBM and BNP Paribas.   Since OpenAI released ChatGPT in November 2022, investors have poured money into generative A.I. technology, which can answer questions in humanlike prose, create images and write software code. Two weeks ago, Elon Musk raised $6 billion for his start-up, xAI. OpenAI has raised roughly $13 billion from Microsoft, while another California start-up, Anthropic, has raised more than $7.3 billion.   Mistral has positioned itself as a European alternative to the larger American tech giants and boasts that its products, like the chatbot Le Chat, are strong in a wider range of languages, including English. In contrast to firms like OpenAI and Anthropic, Mistral subscribes to the view that A.I. software should be open source, meaning that the programming codes should be available for anyone to download, copy, tweak and repurpose. Meta has also made its A.I. code open source.   In a sign of A.I.’s growing geopolitical significance, President Emmanuel Macron and others in the French government have given the company their full-throated support. Mr. Macron has called Mistral a sign of “French genius” and invited the company’s chief executive, Arthur Mensch, to dinner at the presidential palace. #AI, #RB

In an exclusive development, sources reveal that Google (Alphabet’s subsidiary) is in advanced discussions to invest hundreds of millions of dollars in Character.AI, the flourishing AI chatbot startup founded by former Google employees Noam Shazeer and Daniel De Freitas. Report by: Nimra Qureshi Read more: https://lnkd.in/d7QqHhBY #theheraldprime #News #newsupdates #google #AI

The Gemini Project Google (GOOG, GOOGL) is rounding up the old guard as it looks to respond to recent developments that could threaten its market dominance and $150B per year Search business. The pressure centers around artificial intelligence and the need to put the technology at the center of its product strategy. The November release of ChatGPT by the Microsoft-backed (MSFT) research company OpenAI was a big wake-up call, but since then there have been many other offerings, and the disruptive force has even seen Meta Platforms Inc (META) pivot away from the metaverse. Race is on: Co-founders Larry Page and Sergey Brin have not spent much time at Google since they left their daily roles in 2019, but they have upped their visits to headquarters in Mountain View, California, to ensure that AI is front and center in the company's plans. In fact, Brin is now in the office three to four days a week to develop the next large artificial intelligence system called Gemini that hopes to challenge GPT-4. Reports suggest that he's even taken it upon himself to hire the most sought-after researchers in the field, building his own pool of intelligence as the competition intensifies. To note, Brin is Alphabet's second-largest individual shareholder after Page, with a stake valued at around $90B. They also control the majority of voting power at Alphabet (GOOG) (GOOGL) and sit on an executive committee with current CEO Sundar P., who declared a "code red"about emerging AI back in February. Since then, Google has released its own chatbot called Bard that's powered by LaMDA (Language Model for Dialogue Applications), put AI reinvention at the center of its I/O developer conference in May, and is even said to be testing an AI tool to write news stories and assist journalists. SA commentary: "Google's opportunity for AI goes way beyond just integration into its Search business... AI-supported applications will likely be used in Google's Cloud platform as well as in its suite of productivity tools such as Google Docs," writes SA analyst The Asian Investor. "Investors are [also] missing the AI-driven opportunities of the powerful YouTube platform," noted Nexus Research. "Google also combined its two AI research groups, Brain and DeepMind, into one dubbed Google DeepMind," added Bradley Guichard, outlining two ways to generate yield from the growth stock.

AI Impact The rise of AI has brought about a significant transformation in businesses worldwide, and it's now hitting the companies that helped develop it. Appen, a company that has long relied on its global crowd of gig workers (millions) to manually analyze data, is feeling the impact of machines taking over. This shift highlights the real impact of AI on the gig economy and the need for businesses to adapt to the changing landscape. Check out the article in the link to learn more about Appen's struggles and the implications for the future of work. #AI #futureofwork #gigeconomy

"I remember talking to a friend in 2006 saying it felt like there was nothing innovative coming. It was a time when there didn’t seem to be any big breakthroughs, and companies were raising on stories like “we use AJAX,” or “we are a platform to add tag clouds to websites.” The platforms that were popping up, things like Reddit and Facebook, felt like toys. None of it felt like real innovation.  But just a few years later I remember pointing out to that same friend that the reason it felt slow was, we moved from a technical innovation period through a user behavior change period. Adoption was slow and uncertain. No one knew what to do with these things, and the tools hadn’t hit any kind of mass adoption. Yet bubbling under the surface was something big. I don’t know what is next. Maybe it’s agents, maybe it’s edge AI. I’m doubtful it’s AGI. But something is brewing and in 2 years I think we will what the right theses were for investing in this phase of AI, and what types of companies are starting to win." https://lnkd.in/gJY_Cgzp