Amazon, the palm reader 🫴

Good morning. Here’s what’s leading each section today 👇

  • Above the Fold: Australian cardiac institute ditches cloud storage in favor of Filecoin (Blockworks)

  • Headlines: Generative AI Fuels Amazon One's Palm Recognition (Amazon)

  • Fund Raises: Envisics closes $100M to advance AR heads-up display tech in cars (TechCrunch)

  • Research: HandsOff: Labeled dataset generation with no additional human annotations (Amazon)

🔺 Above the fold

→ Australian cardiac institute ditches cloud storage in favor of Filecoin.

Matterport’s digital twin platform documents reconstruction of 2,000 year-old Aso shrine following earthquake collapse. Cathie Wood bullish on Bitcoin and AI convergence. Crypto is in ‘arms race’ against AI-powered scams. Bayer is rapidly expanding its footprint with AI. Varjo becomes AR technology partner the US Army. Meta unveils AR and social features for Rugby World Cup 2023.

📰 Headlines

AI & COMPUTER VISION

🌰 In a Nutshell

Amazon has leveraged the prowess of generative AI to foster a revolution in shopping, entertainment, and access through Amazon One. The technology allows for seamless transactions using a palm scan, ensuring utmost convenience and security for the customers. Pioneering in its approach, the team behind Amazon One has used generative AI to create a vast database of synthetic palm images, enhancing the system's accuracy exponentially, and setting a new benchmark in the biometric identification space.

🔑 Key Takeaways

  • Amazon One enables a wallet and phone-free, contactless experience, allowing users to undertake various transactions with a palm scan.

  • The technology is currently being integrated into over 500 Whole Foods Market stores and multiple third-party venues.

  • Generative AI played a pivotal role in its development, creating millions of synthetic palm images to train the system for higher accuracy.

  • Amazon One promises remarkable accuracy, with successful recognitions in more than 3 million instances, boasting a 99.9999% accuracy rate.

  • The system prioritizes customer privacy, working beyond the normal light spectrum, thus unable to recognize gender or skin tone, and only using palm data to link to a payment method.

🎯 Why it matters:

This leap in technological innovation not only redefines convenience but also opens up new vistas in the realm of biometric identification. The successful use of generative AI in creating a synthetic data bank to train the system signifies a landmark achievement, potentially setting a precedent for future endeavors in AI and machine learning. Moreover, with its stringent privacy safeguards, Amazon One demonstrates a forward-thinking approach to customer data security and privacy, addressing prevalent concerns in the modern digital landscape.

SPATIAL COMPUTING

In a potential collaboration, Meta and LG are rumored to be developing the successor to the Quest Pro virtual reality headset, slated for a 2025 release. The high-end headset might be priced around $2,000, incorporating LG's cutting-edge display technology. Additionally, a more affordable Quest variant, possibly priced under $200, is speculated to debut in 2024. While Meta has yet to confirm these details, the strategies echo the company's previous market approaches and seem aimed to compete with Apple's Vision Pro headset. The partnership is looked upon as a promising venture in Meta's aggressive VR expansion plans. Read more

WEB3

Japanese tech heavyweight Casio is venturing into the metaverse with its iconic G-Shock watch brand through a collaborative initiative with Polygon Labs. The project kickstarts with 15,000 complimentary G-Shock Creator Pass NFTs, enabling holders to access a new Discord channel to participate in a competition to design variant passes, with the community picking the winner. Launching this month, the NFTs act as a gateway for fans to shape and amplify the G-Shock presence in the virtual and Web3 realms, fostering a digital watch culture mirroring the real world. Read more

Christie's auction house is bringing Keith Haring's digital art innovation to the limelight once more with "Keith Haring: Pixel Pioneer", where five digital works created in 1987 will be auctioned as Ethereum NFTs. Previously confined to a floppy disk, these vibrant pieces, which encapsulate Haring's rebellious artistry and mantra "art is for everybody", will be exhibited in Seoul and New York, resonating with a wider, potentially digital-savvy audience. As these treasured works gear up to find new homes, with price estimates ranging between $220,000 and $500,000, they embody Haring's avant-garde vision that once bridged streets and galleries, and now, traditional and digital art worlds. Read more

🦄 Startups & Fund Raises

Envisics, a UK-based holographics company, raised $100M in Series C funding to enhance its AR heads-up display technology in vehicles. The investment, featuring contributors such as M&G Investments and Hyundai Mobis, aims to expedite the integration of critical data projections onto car windscreens, fostering safer driving experiences. Read more

D3 Global has successfully garnered $5 million in seed funding, with significant contributions from backers such as Shima Capital, Lightshift, and Dispersion Capital. Established in May 2023, the company aims to revolutionize the Domain Name System (DNS) at its core, working on securing new Top Level Domains (TLDs) recognized universally across digital platforms, enhancing the integration of Web2 and Web3 technologies. Read more

Matera has launched "Digital Twin", a cloud-native software set to revolutionize US financial institutions. Working round the clock, it allows real-time transaction authorizations and balance updates, offering a seamless and scalable digital experience while keeping operational costs low. This promising development marks a vital step in facilitating smooth transitions to cloud technology for banks and credit unions. Read more

🔬 Research

Amazon researchers unveil the "HandsOff" framework, a groundbreaking solution in the computer vision and machine learning domain, showcased at the CVPR conference. This innovation notably negates the necessity for time-consuming manual annotation of synthetic image data, traditionally a significant bottleneck in machine learning model training.

The HandsOff mechanism operates via GAN inversion, a method that establishes a minimal dataset based on labeled images and utilizes GAN's latent space, instead of altering GAN parameters. This approach is fine-tuned with a perceptual image patch similarity (LPIPS) loss strategy, enhancing label accuracy even with imperfectly reconstructed concepts.

Notably achieving superior performance in vital computer vision tasks like depth estimation and semantic segmentation, the HandsOff framework signifies a leap towards democratizing access to premium labeled data, fostering advancements in various sectors.

🔑 Key Takeaways

  • The "HandsOff" framework significantly minimizes the requirement for manual annotation in generating synthetic image data.

  • GAN inversion technique employed allows the creation of a compact dataset with labeled images and capitalizes on GAN's latent space.

  • LPIPS loss strategy ensures label accuracy even for imperfectly reconstructed images.

  • The approach demonstrates top-notch performance in computer vision tasks with less than 50 pre-existing labeled images, streamlining machine learning model training.

🎯 Why it matters:

  • Resource Optimization: The innovation can dramatically reduce the time and resources needed for preparing training datasets, accelerating project timelines.

  • Facilitating Advanced Research: The development potentially speeds up advancements in computer vision and machine learning, fostering more robust and accurate applications.

  • Broadening Access: By reducing dependency on extensive manual annotation, it democratizes access to high-quality labeled data, making machine learning more accessible across different domains and industries.

  • Potential Industry Transformation: The efficiency and effectiveness of the HandsOff approach could revolutionize the way machine learning models are trained, paving the way for faster innovations and developments in the industry.

⚡️ Quick bytes

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