Welcome, tech enthusiasts! Join us on another riveting exploration through the pulsating waves of the tech ocean. DataChamp's Daily AI News Briefing sets sail, unraveling the latest tales from the AI realm that are reshaping the digital landscape.
Quora Secures $75M Funding with A16Z and Poe AI Chat on Deck! 💸🚢
Quora has secured $75 million in funding from Andreessen Horowitz (a16z) for the growth of Poe, its AI chat platform. This marks Quora's first funding round in nearly seven years. The funds will primarily support the compensation of creators using the Poe platform through its monetization program, which was launched in October. Quora aims to build a subset of the creator economy around AI chatbots, allowing creators to earn money by developing interesting AI bots. Poe integrates various text and image AI models, offering creators an expansive set of tools.
Meistrari AI Takes the Stage with Prompt Engineering Brilliance! 🎭🤖
Meistrari, a Brazilian startup is aiming to simplify AI orchestration, particularly prompt engineering. Prompt engineering involves creating instructions (prompts) for large language models (LLMs) like ChatGPT. Meistrari's platform, called Perfect Profile, initially focused on AI to optimize LinkedIn profiles for search. However, the founders identified the challenge of AI orchestration, leading them to develop an automated system for prompt creation and output evaluation. The platform doesn't require programming knowledge and covers prompt management, system testing, quality result evaluation, and system monitoring. The company raised $4 million in a seed funding round co-led by Monashees and Audacious Ventures, with plans to use the funds to build a team and further develop the AI infrastructure.
Walmart's CES Debut: Generative AI Search and Replenishment Features 🛒✨
Walmart showcased its adoption of new technologies, including augmented reality (AR), drones, and artificial intelligence (AI), in a keynote at the Consumer Electronics Show (CES) in Las Vegas. The retail giant unveiled AI-powered tools for product search and replenishment, an AR social commerce platform called "Shop with Friends," and an AI shopping assistant. The generative AI search feature allows users to search for products by use cases, while the replenishment tool initially focuses on Walmart InHome Replenishment. Walmart also highlighted AI applications in Sam’s Club and for store associates. The company is leveraging technology for "adaptive retail" experiences that are personalized and flexible.
App Economy's Resilience: 2023's $171B Consumer Spending Triumph! 💰📱
According to data.ai's annual "State of Mobile" report, the app economy experienced a recovery in 2023, with consumer spending on apps increasing by 3% year-over-year to reach $171 billion across the App Store, Google Play, and third-party Android app stores in China. However, app downloads remained flat at 257 billion, up only around 1% year-over-year. Consumer spending on non-game apps grew 11% year-over-year to $64 billion, with social apps and the creator economy driving this growth. The report also highlighted the growth of generative AI apps, with the genAI app market expanding by 7x, leading to new consumer experiences like AI chatbots and AI art generators. The top AI apps included ChatGPT, Ask AI, and Open Chat. The report also covered other metrics such as installs, time spent, ad spend, and mobile gaming details.
Getty Images Unveils Gen AI Service: A Visual Symphony for iStock Customers! 🎨🖼️
Getty Images has introduced a new service called Generative AI by iStock, which uses AI models trained on Getty's iStock stock photography and video libraries to generate new licensable images and artwork. The service, powered by technology from Nvidia, is designed to avoid generating copyrighted elements and can modify existing images as well as create new ones. It supports 75 languages and can be integrated with existing apps and plugins through an API. Generative AI by iStock comes at a cost of $15 per 100 generated images and aims to provide customers with an easy and affordable option to incorporate AI into their creative processes while avoiding potential legal issues related to copyrighted material.
Closing Thoughts
As our journey through the AI seas comes to a close, remember, each news byte is a drop in the vast tech ocean, shaping the tides of innovation. Thank you for navigating with DataChamp today. Until our next briefing, stay curious, stay informed, and may the tech winds guide you to new horizons! 🌊🚢🤖
AI TOOLS
Fliz AI – Turn any URL into a stunning video with AI
Rabbit r1 – AI powered pocket companion
Rimo – Talk today, publish tomorrow - AI’s article revolution
Generative AI by iStock – Text-to-image platform designed to make stock photos
Followr – Social media on autopilot, powered by AI
Items Design – Free AI generated design assets
Sama AI – Wearable AI mentor that proactively helps you become better
AI ARTWORKS
Adult apatosaurus with full winter coat.
The Great Hall of Justice (Dredd) by Louis Kahn
Science Fiction movie