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Top AiNews.com Headlines for Tuesday August 20th

AMD Acquires ZT Systems for $4.9B to Strengthen AI Compete with Nvidia

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🎥 Don't Miss Out! Scroll down for part 2 of my coverage of Ai4 conference last week. Be sure to watch exclusive interviews from the Ai4 conference and check out some great moments captured in pictures!

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Today’s Headlines:

  • AMD Acquires ZT Systems for $4.9B to Strengthen AI Compete with Nvidia - In a strategic move to bolster its artificial intelligence (AI) capabilities, AMD is acquiring server maker ZT Systems in a cash-and-stock deal valued at $4.9 billion. The acquisition is part of AMD's broader strategy to compete more aggressively with Nvidia, a dominant player in the AI chip market.

  • Berkeley Law Opens Applications for New AI-Focused LLM Program - UC Berkeley School of Law is now accepting applications for its newly introduced Master of Laws (LLM) program, centered on artificial intelligence (AI). Set to begin next summer, this program is designed to cater to both practitioners and academics who have already earned a Juris Doctor (JD) degree.

  • ElevenLabs Launches Global AI Reader App with 32 Language Support - ElevenLabs, a startup known for its advanced AI-driven tools for creating and editing synthetic voices, has globally launched its Reader app, now supporting 32 languages. The Reader app allows users to upload various text content, such as articles, PDFs, and e-books, and listen to them in different languages and voices.

  • Procreate Rejects Generative AI to Protect Human Creativity - The popular illustration and animation app Procreate has announced that it will not incorporate generative AI features into its products. This decision reflects Procreate's commitment to supporting human creativity, even as other digital art platforms increasingly embrace AI-driven tools.

  • Hong Kong Introduces AI Guidelines to Protect Consumers in Finance - The Hong Kong Monetary Authority (HKMA) has introduced new principles aimed at governing the use of generative artificial intelligence (AI) in consumer-facing applications. These guidelines focus on enhancing governance, transparency, and data protection to safeguard consumers in an increasingly AI-driven financial landscape.

  • AI Startup Trunk Tools, Founded by Ex-Carpenter, Raises $20M - Starting as a carpenter at the age of 12, Buchner has now become the founder of Trunk Tools, an AI-powered construction tech startup that has just secured $20 million in Series A funding. Her company is revolutionizing the way construction companies manage the overwhelming volume of documents that often bog down projects.

  • AI Tools Revolutionize Gaming and Video Creation - AI startup Exists launched a groundbreaking platform that allows users to generate 3D games from simple text prompts—no coding skills required. The platform, currently in closed beta, uses Exists’ proprietary generative AI models to craft game environments, characters, and mechanics by integrating neural networks with advanced gaming engines.

  • MIT’s AI Risk Database Could Transform Business and Regulation - MIT researchers have developed an artificial intelligence risk database that could lead companies to reassess their AI strategies. The “AI Risk Repository,” created by MIT’s FutureTech Group, compiles 777 potential AI risks across 43 categories. While this may slow AI adoption, it aims to enhance safety during this period of rapid AI advancement.

  • BeyondMath’s AI ‘Digital Wind Tunnel’ Speeds Up F1 Car Design - Simulating real-world physics is a complex challenge, especially at the high fidelity needed for industries like automotive and aerospace. Traditional techniques often slow down design teams, but BeyondMath is leveraging AI to offer a faster, more efficient solution that could save valuable time in the design process.

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Interviews & Pictures from the Ai4 2024 Conference

I had the pleasure of attending the Ai4 conference, where I had the opportunity to hear from AI experts, interview a few of them, and make new connections. It was fascinating to witness the diverse range of companies and organizations across various sectors, all focused on implementing AI ethically and responsibly. While the sessions were insightful, the real highlight for me was meeting so many friendly faces and making valuable connections. I'm excited to share some of these experiences with you—watch the videos below and take a glimpse at the event through the pictures! This is part 2 of my coverage, be sure to check back tomorrow for part 3!

Stay tuned for more pictures and interviews tomorrow!

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