X wants to own your life

What's Next for Generative AI? An In-Depth Look in 15 Charts (12-minute read)

McKinsey takes us on a chart-packed journey through the evolving landscape of generative AI. The explainer delves into its potential impact on various industries, from healthcare to entertainment. Get ready for a data-rich deep dive. (McKinsey)

Baidu Wins First China Approval for AI Models (8 minute read)

Chinese tech giants Baidu and SenseTime Group Inc are among the first companies to receive official approval from China for its AI models. This marks a significant milestone in the growing AI sector within China, freeing up Chinese homeland technology companies to compete with the likes of OpenAI and Microsoft. (Bloomberg)

UK MPs Suggest AI Union to Thwart Adversaries (7 minute read)

UK lawmakers are proposing that allied countries should form an AI Union to safeguard against potential adversaries. A sign that policy is attempting to keep pace with rapid technological advancements. (Bloomberg)

→  X Plans to Collect User Biometric, Job, and Education Data (10 minute read)

The ever-innovative "X" is looking into collecting biometric, job, and educational history of its users. A dive into what could be the next frontier in personalized services, or a privacy minefield. (Bloomberg)

Walmart Dives Into Generative AI With New App (5 minute read)

Walmart is breaking new ground by incorporating generative AI into its latest app. The retail giant is looking to enhance the customer experience by leveraging AI's power to generate personalized content and offers. Is this the future of retail? (Axios)

Chainlink and SWIFT Successfully Complete Tokenization Tests (6 minute read)

Chainlink and SWIFT collaborate with Citi Bank and BNY Mellon among others for successful tokenization tests, setting the stage for mainstream adoption of blockchain in banking. (Decrypt)

→  Coinbase CEO Reveals Most Exciting Crypto Innovations (5 minute read)

Brian Armstrong, CEO of Coinbase, spills the tea on the crypto trends he's most excited about. Some of which include ideas for a “flatcoin”— a decentralized stablecoin that tracks inflation to preserve purchasing power, and an “on-chain reputation” — a system that assigns reputation scores to wallet addresses or ENS names based on on-chain activity. Read on to learn more about Armstrong’s other ideas for the future of web3. (Cointelegraph)

AI Could Speed Up Web3 Startup Time-to-Market, Says Google Cloud (7 minute read)

Google Cloud chimes in on the Web3 conversation, suggesting that AI could significantly reduce the time-to-market for emerging Web3 startups. It’s a union of cutting-edge tech that could revolutionize how quickly new platforms go live. (Decrypt)

→ Speak, Backed by OpenAI, Secures $16M for U.S. Expansion

Language-learning app Speak, backed by OpenAI, raises $16 million to bring its services to the United States and other major markets around the world.

→ Eldercare Robot ElliQ Gets $25M in Fresh Funding

The eldercare robot ElliQ closes another funding round of $25 million, underscoring the importance of emerging tech in healthcare. The new raise, which includes $20 million in venture capital and $5 million in venture debt, brings its total raise up to $83 million. The round was led by Toyota’s Woven Capital growth funding, along with participation from Toyota Ventures, OurCrowd and Western Technology Investment.

→ AI21 Labs Hits $1.4B Valuation With $155M Funding Round

Generative AI startup AI21 Labs lands a hefty $155 million in funding, catapulting its valuation to a staggering $1.4 billion. AI21 is a Tel Aviv-based startup developing a range of text-generating AI tools that competes with OpenAI and other LLM startups.