In today’s newsletter:

• News - 🥊 Is AMD Finally Ready to Take Down Nvidia in the AI Chip War?

• Productivity - 🦉 Discover Research Faster with Semantic Scholar's AI Tools

• Culture - 🎨 AI Meets Art: Blurring the Lines of Creativity

Check out our Meme of the Day at the bottom of the newsletter for your daily dose of AI-powered humor!

🥊 Is AMD Finally Ready to Take Down Nvidia in the AI Chip War?

AMD has just launched its latest AI chip, the Instinct MI325X, directly challenging Nvidia's dominance in the data center GPU market. With production set to begin by the end of 2024, AMD hopes to capture a slice of the AI chip market, which is expected to hit $500 billion by 2028. CEO Lisa Su emphasized the explosive growth in AI demand, and though AMD didn’t reveal new customers, it’s already working with big names like Meta and Microsoft. The MI325X boasts performance gains over Nvidia’s chips in certain AI models, potentially shaking up the competition in a sector where Nvidia currently holds over 90% market share.

AMD's latest AI accelerator isn't its only move—it's also making waves in its core CPU business with the launch of its new EPYC 5th Gen line. These CPUs range from an 8-core chip at $527 to a supercomputer-ready 192-core powerhouse priced at $14,813. The new CPUs are designed to handle AI workloads more efficiently, helping feed data to GPUs, which are key to AI processing. With AMD aiming to outpace Intel's Xeon CPUs in data centers and improve its ROCm software to compete with Nvidia’s CUDA, this could be a major turning point in the chip wars.

🗞️ In Other News…

• OpenAI is set to open a Singapore office as its Asia-Pacific hub, focusing on partnerships with governments and businesses, expanding its presence in the region, and hiring local talent, while partnering with AI Singapore to support AI development tailored to Southeast Asia’s diverse cultures.

• At the Reuters Total Health conference, experts debated whether AI can reduce health disparities, with Rebecca Kaul arguing that AI has the potential to close gaps through ethical use, while Anil Saldanha expressed skepticism, citing current industry challenges and biased data.

• Vistra and Constellation Energy are leading the current electricity demand boom, driven by tech companies and AI infrastructure, which is unlikely to repeat the early 2000s bust, though risks of overvaluation remain, with regulated utilities like NV Energy and Duke Energy also positioned to benefit.

• Governor Gavin Newsom's veto of California's AI Safety Act has sparked a debate among tech leaders about the future of AI regulation, with divisions over whether oversight should focus on AI model makers or applications and whether it should be led by state or federal agencies.

• W.W. Grainger, Neo4j, and Databricks are moving beyond AI experimentation, with most generative AI projects still stuck in testing, and now focusing on delivering real business results, as leaders push for AI tools to prove their value in boosting productivity and revenue within 12 months.

🦉 Discover Research Faster with Semantic Scholar's AI Tools

Semantic Scholar is an AI-powered research tool designed to help scholars efficiently discover and explore scientific literature. By indexing over 200 million academic papers, it offers features like TLDR summaries, influential citations, and personalized recommendations through AI-driven research feeds. These tools allow researchers to quickly scan through relevant studies, manage their papers in one place, and stay updated with the latest advancements in their fields.

What sets Semantic Scholar apart is its ability to surface insights that might be missed in traditional search engines. Its AI models process and classify papers, offering scholars a smarter way to navigate academic content while addressing common challenges like data overload. With open resources, citation management, and AI-powered research feeds, it’s a valuable platform for anyone looking to stay current with cutting-edge research.

🎨 AI Meets Art: Blurring the Lines of Creativity

The "Blurring the Lines" exhibition at Indiana University's Grunwald Gallery explores the intersection of AI and human creativity, showcasing how technology can both challenge and enhance artistic expression. Curated by Linda Tien and Caleb Weintraub, the exhibition highlights the potential of AI in art, while critically examining its biases and societal impacts. From an AI chatbot sharing the stories of displaced women to a humanoid robot's self-portrait, the works prompt viewers to consider AI's role in shaping cultural narratives and creative processes.

Featuring contributions like Megan Young’s interactive “carry:root” and Sougwen Chung’s collaborative robots, the exhibition demonstrates the wide-reaching applications of AI in art. While some pieces critique the technology, such as the biases in AI voice recognition systems, others highlight AI's potential to preserve cultural history or aid in artistic collaborations. The curators hope the exhibition will spark curiosity and foster deeper discussions on the future of creativity in the age of AI.

VC Fundraising Rounds

• Cytovale, a medical diagnostics company specializing in early detection technologies for rapid and immune-mediated diseases, announced it has secured $100 million in Series D funding. (10/10/24)

• Suki, a startup developing AI-powered assistants to streamline tasks in the healthcare industry, announced it has raised $70 million in a Series D funding round. (10/10/24)

• Noetica AI, a New York City-based company offering an AI-driven platform for benchmarking deal terms, has raised $22 million in Series A funding. (10/10/24)

• Basecamp Research, a London-based startup, has raised $60 million to explore a new frontier by developing an AI agent capable of answering any biology-related questions and uncovering new insights into biodiversity that humans alone could not achieve. (10/9/24)

• Lendbuzz, an AI-driven fintech company focused on improving consumer access to auto credit, has completed a $262 million securitization backed by a pool of auto loans secured by new and used vehicles, including cars, light trucks, and vans. (10/9/24)

Meme of the Day

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