Microsoft's $3.2 billion UK Investment To Drive Future Growth In AI

And More:

Dec 01, 2023

Greetings, fellow AI enthusiasts! 🤖✨ Brace yourselves as we embark on a journey through the mesmerizing landscapes of artificial intelligence, where every headline is a portal to innovation. Today's edition of the DataChamp Daily AI News Briefing is not just a collection of articles—it's an invitation to witness the unfolding magic of technology.

Microsoft's £3.2 Billion UK Investment: An AI Odyssey

Microsoft plans to invest £2.5 billion (around $3.2 billion) in the UK over the next three years, marking its largest investment in the country to date. This investment will more than double Microsoft's datacenter footprint in the UK, providing crucial infrastructure for the development of new artificial intelligence (AI) models. The UK government sees this investment as a significant step in fostering future growth in AI infrastructure and development in the country. Microsoft's commitment to ensuring the UK has world-leading AI infrastructure includes bringing over 20,000 advanced Graphics Processing Units (GPUs) to the country. The investment also involves a training plan to enhance AI-related skills among the workforce.

Smartphone Sales on the AI Rebound: Morgan Stanley's Crystal Ball

Morgan Stanley and Goldman Sachs are projecting a rebound in global smartphone sales starting in 2024, with an emphasis on the role of on-device artificial intelligence (AI) capabilities driving this recovery. Morgan Stanley's report predicts a nearly 4% rebound in global smartphone shipments in 2024 and a 4.4% increase in 2025. The bank attributes this turnaround to new on-device AI capabilities unlocking fresh demand, with edge AI enabling advances in photography, speech recognition, and user privacy protection. Smartphone makers such as Apple, Vivo, Xiaomi, and Samsung are already incorporating AI features into their devices, with a focus on on-device processing rather than relying on the cloud.

Dreamy Avatars and Wombo AI: The Makers Keep the Magic Coming

Canadian startup Wombo, known for its viral AI-generated art app Dream by Wombo, has launched a new AI-powered app called Wombo Me. The app allows users to turn a single selfie into multiple lifelike avatars, aiming to provide a more streamlined experience compared to other AI avatar apps. Wombo Me only requires one selfie and can generate images almost instantly. Users can share the avatars on social media, experiment with different personas, try new hairstyles or makeup trends, and create gender-swapped or fantasy images. The app is designed for fun rather than functional use, offering a variety of avatar packs for free or at different price points.

ChatGPT's Anniversary Bash: 110M Installs and a Pocketful of Cash!

On the first anniversary of ChatGPT, the mobile app versions of the language model have achieved over 110 million combined installs and nearly $30 million in consumer spending. The ChatGPT mobile app was launched on iOS in May 2023 and on Android in July 2023. The app makes money through the ChatGPT Plus subscription, which is priced at $19.99 per month and offers additional benefits such as general access during peak times, faster response times, and early access to new features. The subscription was expanded to users outside the U.S. in February 2023. The app's revenue is generated through in-app purchases and has seen significant growth over the year.

Kognitos Raises $35M: Turning Back Offices into AI Havens

Kognitos, a company focusing on automating business processes, has raised $20 million in a funding round led by Khosla Ventures, with participation from Clear Ventures, Engineering Capital, and Wipro Ventures. Kognitos, founded in 2020 by Binny Gill, a former researcher at IBM and the CTO of Nutanix, aims to enable business users to automate tasks in plain English. The platform is designed to be more sophisticated and intuitive than other automation products, translating English instructions into workflow automations and automatically flagging errors for user correction. Kognitos plans to utilize the funding for product development, expanding partnerships, and integrating with third-party business apps.

Mastercard's Muse: An AI-Powered Symphony of Shopper Inspiration

Mastercard has unveiled a generative AI tool called Shopping Muse, developed by its Dynamic Yield unit. The AI-driven tool acts as a personal assistant for shoppers, translating colloquial language into tailored product recommendations, including suggestions for coordinating products and accessories. Shopping Muse recreates the in-store shopping experience, offering personalized recommendations based on a consumer's profile, intent, and affinity. The tool leverages generative AI to provide a more immersive and tailored online shopping experience. The introduction of Shopping Muse comes at a time when consumers are increasingly relying on AI for shopping assistance and other daily activities.

Closing Thoughts:

And there you have it—a delightful serving of today's AI adventures! 🌐🚀 From Microsoft's AI odyssey to ChatGPT's anniversary milestones, each news byte is a testament to the dynamic landscape of artificial intelligence. As we bid adieu to this edition, remember, the AI journey is a rollercoaster of surprises, and we're just getting started. Stay tuned for more bytes of joy in the next DataChamp Daily AI News Briefing! 📰🤖