🎭️ Hollywood 1 - 0 AI

🧵 In today's edition:

• 📱 The Ai Pin - let’s talk about it

• 🎭️ Hollywood 1 - 0 AI

• 🧪 JP Morgan experiments with AI applications

• 🎙️ BWAI Triple-Header

• 🤑 AI Fundraising News

• 🗞️ AI Quick-Bytes

• 🐦 Tweet Post of the Day

📱 The Ai Pin - let’s talk about it

After nearly a year-long tease, Humane finally launched their highly anticipated Ai Pin - the device that could potentially replace smartphones as we know them. 

Here’s a quick primer on what the Pin is: 

• The Pin comes in two parts: A tiny square and a magnetic battery pack that attaches to clothes or other surfaces. Together, they weigh 54 grams. 

• It is powered by a Qualcomm Snapdragon processor. 

• There is a built-in camera that takes 13 MP photos and will soon be able to capture video.

• It uses voice commands, gestures, and a mini projector to do everything from summarizing your inbox to identifying your meal. But it's a work in progress, aiming for navigation, shopping, and a platform for developers in future updates.

• The device costs $699, with a $24 monthly fee for a Humane subscription that gets you call, text, and data privileges through their T-Mobile network.

But is the Pin worth the hype? 

• The device is heavy. 54 grams doesn’t seem like a lot, but when it’s pinned on shirts, it can feel surprisingly burdensome.

• The Pin mostly runs on voice commands as its primary input. I’m not sure how popular that will be with the users. 

What do you think?

Read more: The Verge

🎭️ Hollywood 1 - 0 AI

After a marathon of negotiations, SAG-AFTRA and Hollywood studios finally inked a landmark deal that spells out a series of wage bumps for actors, with immediate increases and promises for the years ahead. 

The deal includes: 

• Increased wages for actors - an immediate 7% bump, followed by a 4% increase in July 2024 and 3.5% in July 2025.

• Bonus for those whose work lands on streaming platforms. 

• AI protections for members. 

• Provisions that put an end to longstanding practices in hair and makeup that actors of color have called out as racist.

Overall: The deal doesn’t just give actors and performers more money but also gives them more control over how their image and likeness can be used in the world of AI.

Big win for Hollywood. 

Read more: Engadget

🧪 JP Morgan experiments with AI applications

JPMorgan looks to leverage Gen AI in banking and wants to involve regulators early in the process.

Why? Because JPMC wants to guide them through the development of their AI pilot projects and set the standard for controls and risk evaluation in the finance space.

Lori Beer, JPMorgan’s global CIO, highlights their mission to pioneer AI by collaborating with regulators, ensuring transparent models, and minimizing risks. 

Their current ideas include: 

• An AI application that can generate earnings summaries for every company it tracks.

• A helpdesk service that provides customers with accurate solutions instead of redirecting them to articles and videos.

Overall: The potential is immense, with these new applications projected to bring in $340 billion in value annually. Other big banks like Morgan Stanley, Goldman Sachs, and Citigroup are also exploring AI's capabilities, albeit cautiously.

Read more: Yahoo Finance

🤑 AI Fundraising News

• Colossal raises $225M in funding to pioneer efforts in species preservation with AI-powered drones.

• Elucid raises $80M in Series C funding for AI imaging analysis software for cardiovascular disease.

• Eleos Health raises $40M in Series B funding for its AI-backed voice technology that gathers insights into a patient's mental well-being.

🗞️ AI Quick-Bytes

What else is going on?

• Security news this week: Signal is finally testing usernames.

• AI makes you worse at what you’re good at.

• A global hit: AI translation tools help singers break down borders.

• Microsoft temporarily blocked ChatGPT for employees, citing security concerns.

• Fei-Fei Li started an AI revolution by seeing like an algorithm.

• YC-backed productivity app Superpowered pivots to become a voice API platform for bots.

• Japan is preparing $13 billion to support the country’s chip sector.

🐦 Tweet Post of the Day

Very interesting read by a very interesting human!