Coming up this week:

- Science: First "AI Scientist"
- Microsoft: U.S. Defense AI
- Perplexity: Taking on Google
- FCC: AI-Generated Robocall Crackdown

And much more… Learn how these unfolding narratives are shaping The Business of AI.

FEATURED STORY 🔥

Meet The World's First "AI Scientist"

Sakana AI, in partnership with the University of Oxford and the University of British Columbia, has created an AI system capable of conducting scientific research independently. 

Named "The AI Scientist," this system can manage the entire research process, from idea generation to manuscript writing.

It uses large language models to simulate the scientific process, including experiment design, result analysis, and even self-peer review. The AI Scientist can produce a full research paper for around $15 in computing costs. The system was tested on machine learning tasks, producing papers that met the acceptance criteria for a top machine learning conference. 

This advancement suggests AI can now tackle general scientific problems, not just specific tasks. However, the automation of research raises questions about the future role of human scientists and the economic impact on academic institutions. The researchers stress the need for ethical guidelines to ensure AI aligns with human values. The AI Scientist's code has been made open-source for further development and scrutiny by the scientific community.

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TRENDING STORIES 🔥 

Microsoft and Palantir Enhance U.S. Defense AI

Microsoft and Palantir are collaborating to advance AI and cloud solutions for U.S. Defense and Intelligence. Their project integrates Microsoft's Azure OpenAI with Palantir's AI platforms, aiming to boost operations like contracting and logistics. The partnership also includes specialized training programs for government personnel.

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Perplexity Challenges Google in AI Search Arena

AI startup Perplexity is gaining traction as it competes directly with Google in the search engine market. This surge in popularity highlights its growing influence and potential in the tech industry.

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FCC Targets AI-Generated Robocalls

The FCC is proposing new rules to combat AI-generated robocalls and texts. These regulations would require AI to disclose its non-human nature at the start of calls. The move aims to protect consumers from scams and enhance transparency, with heavy fines for non-compliance.

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AI Image Of The Week 📷️ 

MJ Prompt: Close-up photo A little bunny singer holding a microphone, suit in a pink suit with big eyes. Ultra-high definition, soft natural light, centered composition on the dazzling performance stage, stylish background, vibrant colors, super-perfect details, and harmonious proportions. Credit.

EYE OPENING NEWS 🧠 

Generative AI Boosts Revenue for Early Adopters

A study by Google Cloud and National Research Group reveals that 86% of companies using generative AI report over 6% revenue growth. The survey, involving 2,500 C-suite leaders, highlights increased productivity, security, and customer acquisition as key benefits of AI deployment.

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Amazon's Alexa Division Faces $10 Billion Loss

Amazon's Alexa and Echo devices, despite widespread use, have led to significant financial losses. From 2017 to 2021, the devices division lost $25 billion, with $10 billion lost in 2022 alone. This has resulted in layoffs within the Alexa unit amid challenging economic conditions.

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Apple Develops Robotic Arm-Enabled iPad

Apple is working on a new device, codenamed J595, that features an iPad-like screen with a robotic arm for smart home management and video calls. Set for a 2026 or 2027 release, this device will be priced around $1,000 and controlled by Siri and Apple AI.

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xAI Launches Grok-2 AI with Fewer Image Restrictions

Elon Musk's xAI introduced Grok-2, an AI capable of generating unrestricted images, including political figures and copyrighted brands. This new version, available to premium subscribers, marks a significant advancement over its predecessor, Grok 1.5, and includes a smaller version, Grok-2 mini.

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BBC Enhances Reporting with AI Technology

The BBC utilizes AI for tasks like translation and footage analysis, ensuring ethical use while exploring generative AI's potential and risks. This technology aids in content creation but also presents challenges in maintaining accuracy and data security, requiring careful policy implementation and audience transparency.

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5 Tools to Boost Your Productivity

- Generate personalized visually stunning stories in just one minute. Dorosi
- Generate videos from simple text in one minute. Moonvalley
- Craft social media posts and art, in just seconds with AI. Questgen
- Generate high-quality, engaging content 10x faster. Vidiofy
- Chat, generate, and design without limits using Generative AI. Venturus AI

Want your tool featured here? Hit reply and tell us a little about it 😍 

FUNDRAISING 🤑 

Unipet Raises Funds for AI Gaming Platform

Unipet launched a fundraising campaign to develop an AI and blockchain-powered online gaming platform. This innovative project, built on the Solana blockchain, aims to revolutionize the gaming experience by integrating advanced technologies and NFTs.

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Qubit Capital Raises $9M for Startups

Qubit Capital, leveraging its AI-driven platform, secured $9 million in recent funding rounds to support various startups. Since 2020, the platform has facilitated $215 million in investments, aiding over 64 startups globally in accessing venture capital efficiently.

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Google Acquires AI Startup Character

Google has purchased Character, an AI startup enhancing video game realism, to boost its gaming sector presence. This strategic move aims to alleviate fundraising challenges in game development, integrating Character’s technology with Google’s broader gaming ambitions, including its Stadia platform.

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AI/ML Innovations Targets $300K Fundraise

AI/ML Innovations plans to raise $300,000 via private placement, selling 6 million units at $0.05 each. This funding, pending regulatory approval, will boost working capital and cover potential finder’s fees.

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