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Happy Friday Big Brainers!

This was another one of those weeks where AI seemed to move at a million miles per hour. (Let’s be honest… that’s been a common theme)

Today we’ve got some major new announcements from OpenAI and the NSA.

Plus, read to the end to find out which AI company just raised a $10 million seed round.

Today's AI spotlights:

• OpenAI is building ‘The iPhone of AI’📱

• The NSA is building an AI Security Center 🔐

• Europe’s Central Bank turns to AI for monetary solutions 💶

• AI Fundraising Wrap Up 🤑

Read time: 4 minutes

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NEWS

📱OPENAI IS BUILDING ‘THE IPHONE OF AI’

Heads up: OpenAI's in deep chats with Jony Ive, Apple's design maestro, and SoftBank's Masayoshi Son. Their goal? Forge the "iPhone of AI."

With a rumored backing of $1 billion from SoftBank, the stakes are high. Sam Altman also roped in Ive’s firm ‘LoveFrom’ for design finesse.

While nothing's concrete, momentum is building. If this partnership solidifies, we could see a game-changer in how we engage with AI. Stay tuned.

📰 Full Article Here

NEWS

🔐 THE NSA IS BUILDING AN AI SECURITY CENTER

The US government started off slow on the AI train; however, it's been catching up slowly but surely…

Now, the NSA's launching an AI security center. It’s housed in the Cybersecurity Collaboration Center, a hub against threats, particularly from China and Russia.

“AI helps us,” says General Nakasone, "but our decisions are [still] made by humans." The move follows studies flagging AI security as a national challenge.

It’s a focal point for sure, working with industries and academia while keeping AI in check. And even though Gen. Nakasone is stepping down, the mission’s clearly just booting up.

📰 Full Article Here

NEWS

💶 EUROPE’S CENTRAL BANK TURNS TO AI FOR MONETARY SOLUTIONS

Sure, every tech company is out there is flaunting their latest AI vision...but did you expect the ECB to as well?!

That's right. The European Central Bank’s various AI-solutions to tackle inflation and big-bank oversight.

They’re testing the waters with nine projects. The goal is to streamline data, simplify communication, and enhance decision-making.

Specifically, AI's aiding in structuring real-time price data and aiming for accurate inflation analysis. But, decisions, especially interest rate ones, are staying human (for now...)

It’s clear that AI’s not the ECB’s usual dance partner; but they’re learning the steps as quickly as they can. Balancing innovation with ethics, they’re keen to keep it modern while dodging possible mishaps.

📰 Full Article Here (non paywall here)

📰 OTHER HEADLINES & STORIES

• Meta bets big on Gen Z gold rush with new AI features

• AMD CEO Lisa Su on the AI revolution and competing with Nvidia

• Worldcoin doubles down on emerging markets amid wider criticism

• Zapier launches Canvas, an AI-powered flowchart tool

🤑 AI FUNDRAISING WRAP UP

• OpenAI: Chances are you don’t need much of an intro for this powerhouse…they’re considering a sale of some of their shares, a move that could elevate the company's valuation from $29 billion to a range of $80 billion to $90 billion.
  

  Looking back to earlier this year, OpenAI secured over $300 million in funding from investors including Sequoia Capital and Andreessen Horowitz. And that didn’t even include an earlier investment from Microsoft, which was reportedly around $10 billion.
  

• Mythos Ventures: This VC firm just secured $14 million for its inaugural fund aimed at investing in revolutionary AI companies. Backers include Metaplanet, Delphi Ventures, and The Operating Group, as well as individual investors such as Phil Black of True Ventures and Walter Kortschak of Summit Partners.
  

  Founded by Vishal Maini, Mythos Ventures is an early-stage VC company focusing on investing in prosocial technologies amid the transformative AI era. They’re committing $100k - $1M to pre-seed and seed-stage companies and aim to support founders who are developing safe AI systems.
  

• Nexusflow: This California-based startup has revealed a $10.6 million seed round funding that recently took place. The investment was spearheaded by Point72 Ventures and saw contributions from Fusion Fund and numerous AI experts in Silicon Valley.
  

  Nexusflow is responsible for creating a cybersecurity copilot that can help companies leverage AI in the everlasting battle to secure their products and infrastructure. It was founded by Jiantao Jiao, an assistant professor at UC Berkeley.

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• CV/ML Engineer for 3D Humans for Meshcapade

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🖼️ AI ART PIECE

The orbs — u/DirectorJumpy9782

🤖 PROMPT OF THE DAY

Well that seems rather unhelpful…

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