Welcome to Week 2 of our newsletter! Each day, we’ll be covering 3 main topics, including the hottest AI news of the day, an AI productivity tool, and how AI is affecting culture. Get ready to level up!

In today’s newsletter:

• News - AI Industrial Revolution: BlackRock and Microsoft Join Forces for $30B AI Infrastructure Power Play

• Productivity - Level Up Your Presentations and Docs with Plus AI: Work Smarter, Not Harder

• Culture - Lionsgate Partners with AI Startup Runway to Revolutionize Movie-Making Magic

AI Industrial Revolution: BlackRock and Microsoft Join Forces for $30B AI Infrastructure Power Play

BlackRock and Microsoft have teamed up with UAE-backed MGX to launch a groundbreaking AI infrastructure fund, targeting $30 billion in private equity capital. This initiative aims to invest heavily in data centers and energy infrastructure to meet the rapidly growing demands of AI technologies. With the inclusion of debt financing, the partnership could potentially deploy up to $100 billion, with most of the investments focused on U.S.-based infrastructure projects.

The new fund, known as the Global AI Infrastructure Investment Partnership, offers an attractive opportunity for investors like pension funds and insurance companies to secure stable, long-term returns. By channeling external capital into AI infrastructure, this partnership allows tech companies to allocate resources elsewhere while ensuring the expansion of the essential infrastructure that supports AI growth.

Level Up Your Presentations and Docs with Plus AI: Work Smarter, Not Harder

Plus AI is designed to make creating presentations and documents a lot easier. If you’re tired of starting from scratch in Google Slides™ or Google Docs™, this tool helps you get things done faster. You can generate new content, edit existing slides, and even design custom themes with just a few clicks. The AI assists with formatting and layout, so you can turn simple text into a well-structured presentation or blog post in no time.

It’s also super flexible. Need to translate slides into another language? Done. Want consistent design across your team’s presentations? Plus AI has you covered with shared themes and formatting options. Whether you’re a student, marketer, or business professional, Plus AI takes the tedious parts out of content creation, letting you focus on what’s important.

Lionsgate Partners with AI Startup Runway to Revolutionize Movie-Making Magic

Lionsgate, the studio behind action-packed hits like John Wick and The Hunger Games, has inked a cutting-edge deal with AI startup Runway. This partnership allows Runway access to Lionsgate's vast library of films and shows in exchange for a custom AI model designed to streamline the studio's editing and production processes. Initially, the AI will be used for internal purposes, such as storyboarding, but it has the potential to expand into creating backgrounds and special effects for major productions, helping Lionsgate save "millions" along the way.

This groundbreaking collaboration is one of the first of its kind in Hollywood, as studios cautiously explore the use of generative AI amidst ongoing debates about copyright protection and the role of creators. By embracing this technology, Lionsgate aims to stay ahead of the competition and maximize the value of its content library. While Runway’s tools are still evolving, they promise to become a “game-changer” for the studio, particularly in preproduction work, making it easier to visualize scenes and optimize resources for lower-budget films.

Job Opportunities

• Meta: Product Marketing Manager, Llama

• Meta: Program Manager, AI

• Palantir Technologies: Site Reliability Operations Analyst - US Government

• Databricks: Business Development Representative

• Databricks: Sr. Software Engineer - Backend

VC Fundraising Rounds

• Upstart, an AI-powered online lending platform that matches borrowers with lenders, has announced the increase and pricing of its offering of $375 million in 2.00% Convertible Senior Notes, set to mature in 2029. (9/17/24)

• Wealth.com, a digital estate planning platform for wealth management firms, has raised $30 million in Series A funding. (9/16/24)

• TeamBridge, a workforce operating system that helps teams automate their processes and improve efficiency, has raised $28 million in Series B funding. (9/16/24)

• Supermaven, an AI coding environment with several quality-of-life and technical enhancement, has just secured $12 million in a Series A funding round. (9/16/24)

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