📱 The Altman-Ive creation

PLUS: Spotify AI Playlist

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Happy Tuesday, fellow humans 👋

Sam Altman and Jony Ive are collaborating on an AI device, Apple inked a deal with Shutterstock for their data, and Spotify just launched AI playlists…

Let’s dive into it!

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🧵 In today's edition:

  • 📱 The Altman-Ive creation

  • Apple 🤝 Shutterstock

  • 🎶 Spotify AI Playlist

  • 🛠️ AI Tools to Check Out

  • 🤑 AI Fundraising News

  • 🐦 Tweet Post of the Day

AI software is sooo 2023. 2024 is set to be the year of AI hardware.

OpenAI CEO Sam Altman and former Apple design chief Jony Ive are collaborating to create a revolutionary personal AI device and are reportedly seeking up to $1B in funding from major venture capitalists.

The startup remains unnamed but promises to be more than an average smartphone. 

Their aim? To challenge standard device experiences and explore new avenues in AI interaction.

While specific details are closely guarded, this device will likely be an AI assistant powered by OpenAI's advanced language models.

Could it be a wearable, voice-activated companion that improves daily life? Or perhaps a sleek, intuitive interface that feels futuristic?

(Yep… I realize I’m just talking about the Ai Pin, but what else could it be?)

Regardless of its form, this device could change how we live, work, and interact with AI.

Plus, VC firms like Emerson Collective and Thrive Capital are already in discussions to lead the funding round, so that has to be a good sign…right?

Read more: Maginative

It turns out that Apple has been discreetly making deals to amass as much data as possible for its LLM.

For instance, the tech giant licensed millions of images from Shutterstock, the world's leading stock imagery provider, in a deal worth tens of millions.

Here are the details:

  • The deal, reportedly signed in the months following ChatGPT's release, allows Apple to legally access Shutterstock's extensive collection of over 415 million images and vectors.

  • The deal was likely in the $25 and $50M range.

  • This action comes as AI companies rush to acquire high-quality data to train their rapidly advancing language models and image generators.

  • Instead of scraping content from the web, they are now legally licensing it from major repositories.

  • Most importantly - Apple needs to accelerate its AI development to remain competitive, and now is as good a time as ever.

But it’s not just images - Apple is also negotiating with news publishers to license their written content, further enhancing its language AI capabilities.

Overall: This aggressive data acquisition strategy suggests that Apple is preparing to alter its “slow start” narrative as it plans to release its AI-powered iOS 18 features at WWDC.

As Greg Jozwiak's clever "Absolutely Incredible" WWDC teaser hinted, Apple's AI revolution is rapidly approaching. With multi-million dollar content deals like the Shutterstock partnership, the company is equipping itself with the data needed to make its AI models truly remarkable.

Read more: 9to5 MAC

Get ready to create truly baller AI playlists. 

Spotify is introducing a new AI Playlist feature exclusive to premium users in the UK and Australia.

How does it work? 

  • Enter a unique prompt describing your desired music, and Spotify's AI takes care of the rest.

  • It can generate playlists based on themes like locations, animals, activities, movie characters, colors, and emojis.

  • The more detailed and imaginative your prompt, the better the outcomes. Try mixing genres, moods, artists, and decades for a customized experience.

  • You can also modify your playlist by giving feedback such as "more pop" or "less upbeat."

  • Once you're content, click "Create," and boom – your custom playlist is automatically saved to your library.

Read more: Spotify Newsroom

Invest before this company becomes a household name

What if you had the opportunity to invest in the biggest electronics products before they launched into big box retail, would you?

Ring changed doorbells and Nest changed thermostats. Early investors in these companies earned massive returns, but the opportunity to invest was limited to a select, wealthy few. Not anymore. RYSE has just launched in 100+ Best Buy stores, and you're in luck — you can still invest at only $1.50/share before their name becomes known nationwide.

They have patented the only mass market shade automation device, and their exclusive deal with Best Buy resembles that which led Ring and Nest to their billion-dollar buyouts.

🛠️ AI Tools to Check Out

  • Abel: An AI tool used by litigation and appellate attorneys to review legal records. It allows for natural language searches across thousands of documents and the extraction of the necessary information. Check it out!

  • Cleo: AI that simplifies financial complexity into an engaging, trustworthy conversation, offering highly personalized products and advice that prioritize the user. Check it out!

  • BuzzBoard: An AI-enabled online platform for sales teams to create highly personalized customer experiences across various media. Check it out!

You can support us by checking out our sponsors! Have anything you’d like to share with over 40k AI enthusiasts? Sponsor Not A Bot

🤑 AI Fundraising News

  • Prem Labs raises $14M in Seed funding to enhance and advance open-source AI technologies.

  • iKala raises $20M+ in Series B+ Funding to help brands boost customer acquisition and marketing efficiency using AI-driven tools.

🐦 Tweet Post of the Day

These models won’t stop coming 🚂 

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