Welcome to Week 1 of our newsletter! If you’re reading this, you’re a real one. 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 - How Oracle Went from Cloud Flop to AI Powerhouse - And Why It Might Not Last

• Productivity - Unlock Effortless Organization: How This AI Tool Transforms Your Note-Taking Forever

• Culture - AI Used to Create Fake Bands and Earn $10 Million in Royalties

How Oracle Went from Cloud Flop to AI Powerhouse—And Why It Might Not Last

Oracle is making a surprising comeback in the AI era after missing out on the cloud computing boom. Its stock is up 34% this year, far exceeding competitors like Microsoft and Amazon. Oracle’s neutral position in the AI space has attracted big names like OpenAI, Nvidia, and Microsoft, all of which are using its cloud infrastructure for AI model training.

Oracle’s new data centers, optimized for AI, have played a key role in its recent success. However, analysts warn that this surge may be short-lived, as some clients are building their own data centers. While Oracle has gained momentum in AI, it may struggle to maintain its lead against larger competitors in the future.

Unlock Effortless Organization: How This AI Tool Transforms Your Note-Taking Forever

Ever wish your notes could organize themselves and help you generate ideas? Mem uses AI to automatically tag and link your notes, saving you the hassle of manual organization. You can collect snippets of information, store them, and rely on Mem's AI to keep everything connected and neatly sorted. When you need to find those notes later, you can explore the auto-generated tags or simply search for any topic you’ve written about.

Mem's AI integration acts like a personal assistant, helping create content, answer questions, and generate ideas, which saves time and enhances the quality of thought. Users can store meeting notes, summaries, highlights, blog posts, tweets, and other topics they explore. This transforms knowledge management from mere storage to active engagement, revealing connections between ideas.

AI Used to Create Fake Bands and Earn $10 Million in Royalties

A North Carolina man, Michael Smith, has been arrested for allegedly using AI to create fake bands and music, then racking up over $10 million in royalties by faking streams with bots. The Department of Justice says Smith, along with a music promoter and the CEO of an AI music company, cooked up thousands of AI-generated songs and manipulated platforms like Spotify and Apple Music to boost streams. Now, he's facing charges of money laundering and wire fraud, with a potential 20-year sentence for each count.

The seven-year scheme reportedly involved uploading AI-generated tracks with names like "Calms Scorching" and "Calypso Xored," while using bots to flood platforms with fake listens. These bogus streams led to big royalty payouts.

Job Opportunities

• Meta: Computer Vision Engineer, Reality Labs

• Meta: Software Engineer, Computer Vision - Reality Labs

• DeepL: Senior Field Marketing Manager | DACH

• Waymo: Operational Excellence System Designer

• Glean: NAM Partner Manager

VC Fundraising Rounds

• InMobi, an Indian adtech startup, has secured $100 million in debt financing to enhance its AI efforts and explore potential AI-related acquisitions as it prepares for an IPO next year. (9/11/24)

• Spare, a top provider of mobility operations software, has successfully completed its Series B funding round, securing $42 million CAD. (9/10/24)

• Pieces Technologies, a leading provider of clinical generative AI solutions for inpatient care teams, announced today the completion of a $25 million growth financing round, which includes new equity and the conversion of notes. (9/10/24)

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