_{Welcome back for the Latest AI Drops!}

Welcome to today’s latest AI Drops! The excitement surrounding generative AI shows no signs of slowing down. A report by IDC forecasts a substantial increase in investments in this field, predicting a rise from $16 billion in 2023 to an impressive $143 billion by 2027. This burgeoning interest in generative AI technologies has led to a notable shortage of Nvidia chips, a key component in powering these systems.

A pivotal development in today's news is Amazon's deepened collaboration with Nvidia, a strategic response to the heightened demand for Nvidia GPUs. Additionally, Amazon's venture into developing its own AI chips signals a significant shift, further fuelled by the excitement surrounding innovative platforms like Pika Labs.These movements are clear indicators of an era brimming with more sophisticated and groundbreaking generative AI tools.

Today’s Drops:

• Amazon Launches Amazon Q and Next-Gen AI Chips

• Hottest AI Startup : Pika Labs

• Trending on X : AdobeFirefly

• More AI Headlines

• Trending GitHub Projects

• Latest AI Tools

Read Time: 4 minutes

Amazon Launches Amazon Q and Next-Gen AI Chips

AWS Announces Amazon Q to Reimagine the Future of Work

Amazon has launched "Amazon Q," a chat tool within its AWS cloud business, designed to help businesses inquire about company-specific data.Amazon Q is a generative AI-powered assistant designed to be seamlessly integrated into business operations. It enables businesses to:

• Effectively solve problems

• Generate relevant content

• Derive insights from data

Specifically tailored for enhancing productivity, Amazon Q offers expertise in AWS solutions, facilitating quicker and more efficient development on AWS platforms. It also enhances capabilities in Amazon QuickSight for advanced data analysis and supports customer service optimization in Amazon Connect. With an upcoming feature for AWS Supply Chain, it promises to offer deeper supply chain insights. Amazon Q can streamline tasks like summarizing documents, drafting emails, conducting research, and completing repetitive tasks​​.All this while maintaining data privacy and security, ensuring safe and secure business operations.

Amazon Q is distinctive in that it does not use customer queries to train its foundational models, and it adheres to security parameters set by customers, ensuring data privacy.

AWS is deepening its relationship with Nvidia & announces AI chips

AWS introduced two new AI chips:

• Trainium2: Designed for AI model training, offering quadrupled performance.

• Graviton4: A general-purpose processor with a 30% performance boost and enhanced energy efficiency.

AWS is deepening its relationship with Nvidia. This strategy comes in response to the soaring demand for Nvidia GPUs following the release of OpenAI's ChatGPT, which demonstrated impressive capabilities in summarizing information and generating human-like text. The popularity of generative AI technologies has led to a shortage of Nvidia chips.

Amazon's approach, which includes developing its own chips and providing access to Nvidia's latest offerings, is aimed at strengthening its position in cloud computing against competitors like Microsoft. Microsoft has also adopted a similar strategy with the introduction of its own AI chip, the Maia 100, and plans to include Nvidia H200 GPUs in its Azure cloud.

Source & Source

Hottest AI Startup!

Pika 1.0's launch has taken the industry by storm

Pika, a startup specializing in AI-powered video editing and generation, has successfully raised $55 million in funding. This investment round was led by Lightspeed Venture Partners

Pika differentiates itself from other competitors in the generative AI video tool market, like Runway and Stability AI, with several unique features in its Pika 1.0 release:

• Video Style Transformation: Pika 1.0 offers tools that can transform existing videos into different styles. For instance, it can convert a live-action video into an animated one, showcasing a versatile range of visual aesthetics.

• Video Length Extension: The platform includes a feature that can extend the length of videos. This capability is particularly useful for various applications, such as creating extended cuts or longer versions of existing video content.

• Advanced Editing Capabilities: Pika 1.0 allows for intricate editing using AI. This includes changing specific elements within a video, like modifying a person's clothing or adding new characters to the scene, thus enabling more creative control and customization.

This has been by far the most robust text to video platforms, aiming to make high-quality video creation more accessible and versatile.The buzz around Pika 1.0 reflects the growing trend and enthusiasm for AI tools in creative industries, showcasing how such technologies are revolutionizing the way we create and interact with video content.

Pika 1.0 release video is a must watch!

 Source

Trending on X

1.AdobeFirefly 

You have to try it to believe it! With simple text prompts in over 100 languages, you can generate images, add or remove objects, transform text, and so much more.Try it here, it’s free. Join the X trend. 

2.Grok and ChatGPT talk to each other

More Exciting AI News

• The study on GPT-4's Application In Radiology reveals that GPT-4 is making notable strides in radiology, displaying state-of-the-art performance in certain tasks. It excels particularly in creating radiology report summaries, where its output is sometimes even preferred to that crafted by experienced radiologists. This is a significant revelation, as it underscores the potential of GPT-4 in transforming the field of radiology, offering improvements in the accuracy and efficiency of report generation and analysis.

• AI startups Hugging Face and Cohere have experienced increased client interest following recent events at OpenAI. Hugging Face's CEO, Clément Delangue, noted a surge in customer inquiries since Sam Altman's brief ousting as OpenAI's CEO. Cohere, another AI company, echoed similar sentiments, emphasizing the demand for reliable business solutions over corporate drama.

• The recovery of the European SaaS market is largely fuelled by generative AI (GenAI). After a tough year with significant market declines, investment and growth in GenAI companies are driving a faster recovery than seen in previous downturns. Key players in this resurgence include GenAI-native cloud unicorns like Synthesia, Stability AI and AI21 Labs.

Welcome to the innovative world of GitHub projects!

Screenshot-to-code is a simple app that converts a screenshot to code (HTML/Tailwind CSS, or React or Vue or Bootstrap). It uses GPT-4 Vision to generate the code and DALL-E 3 to generate similar-looking images. You can now also enter a URL to clone a live website!

LouisShark/chatgpt_system_prompt is a collection of methods and information for interacting with ChatGPT in specialized ways. It includes tips on how to get specific types of responses from ChatGPT, manage files within the system, and protect sensitive information. This repository is particularly useful for those who are curious about the technical aspects of ChatGPT and want to explore beyond basic interactions.

Latest AI Tools

Simply ask Walling AI what you want to organize or present, and watch it build a beautiful page of ideas, images, tasks, tables, and all the content you need in seconds.

Decoherence is next-generation video generator! Input some text or an image and watch it come to life in 1 minute!

Fortune is an AI accounting software for business decision making. It helps Automate, Analyze and Forecast your finances across all your banks around the world. 

Itair is an AI-powered travel planning for human-created memories. Get personalized itineraries, discover hidden gems, and view resources with our all-in-one travel platform.

Malloy makes transcribing videos and podcasts quick and spot-on. It's great at catching and fixing errors, even with tricky slangs, accents, and jargons.