In today’s newsletter:

• News - 📈 Tesla's AI Surge: Mentions in Earnings Calls on the Rise

• Productivity - 🤳 Save Hours on Social Media? Meet SocialBee’s Secret!

• Culture - 🧠 AI Tools Empower Independence for Dementia Patients

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

📈 Tesla's AI Surge: Mentions in Earnings Calls on the Rise

Tesla's quarterly earnings call mentions of artificial intelligence (AI) have steadily increased from Q1 2023 to Q3 2024, as shown by the data: 3 mentions in Q1 2023, spiking to 31 mentions by Q3 2024. This trend reflects Tesla's growing emphasis on AI as a critical component of its future growth strategy. As CEO Elon Musk anticipates that AI and robotics will drive Tesla's next "major growth wave," the increased AI focus aligns with his plans for expanding Tesla's autonomous driving capabilities, particularly through the Full Self-Driving (FSD) suite and forthcoming robotaxi service. The urgency of Tesla’s AI infrastructure investments, such as Nvidia’s H100 processors and the construction of "Dojo" supercomputers, reinforces this commitment.

However, challenges like chip supply limitations and Musk's cross-company resource allocations have raised concerns among Tesla shareholders. These dynamics underscore the pivotal role of AI in Tesla’s vision, balanced by logistical and governance complexities as Musk manages multiple ventures.

🗞️ In Other News…

• Musk's AI chatbot Grok shows promise in analyzing medical scans and improving diagnostics, but experts stress it must prioritize accuracy, ethical oversight, and patient safety to support, not replace, human expertise.

• OpenAI is developing an in-house AI chip with TSMC and Broadcom, targeting a 2026 release, while also expanding its use of AMD chips via Microsoft Azure to reduce reliance on Nvidia amid chip shortages and rising costs.

• Alphabet’s Q3 revenue rose 15% to $88.3 billion, driven by strong growth in Google Cloud’s AI-fueled revenue, while its core search and advertising businesses, YouTube, and Waymo also posted gains, and CEO Sundar Pichai highlighted achievements in AI research, including Nobel Prize wins for Google-affiliated scientists.

• Apple's new iOS 18 update introduces AI-enhanced features, like an upgraded Siri, advanced photo editing, and document summarization, to iPhone 16 models and select older devices, sparking demand for newer models, while promising privacy protection and eventually integrating with ChatGPT.

• Oracle unveiled a new cloud-based, AI-powered electronic health record (EHR) designed for ease of use with voice-activated features, aiming to streamline clinical workflows and enhance patient care, while also offering integration with Oracle's Clinical AI Agent to automate documentation.

🤳 Save Hours on Social Media? Meet SocialBee’s Secret!

SocialBee is a social media scheduling tool designed to simplify content management and posting routines for busy professionals. It allows users to set up “content buckets,” which make it easy to organize posts by themes, like promotions or tips, and then recycle high-performing content across platforms automatically. This setup helps maintain an active online presence without needing constant new posts, an especially useful feature for people whose content isn’t always time-sensitive.

In addition to content recycling, SocialBee supports collaborative workflows, with options for virtual assistants to upload and edit posts for final approval. The platform also integrates with Canva, making it easier to create and connect visuals without extra downloads or uploads, and offers customization tools that let users adjust captions for each platform. With automated posting and responsive customer service, SocialBee aims to streamline the process of managing multiple accounts, letting users focus more on their core work and less on the mechanics of social media.

🧠 AI Tools Empower Independence for Dementia Patients

Pete Middleton, a tech-savvy advocate living with dementia, sees AI as a tool to boost independence and self-esteem for people with memory challenges. Apps like Simon provide location-based reminders, and the Florence Project has developed dementia-friendly devices like a digital diary and music player that families can update remotely.

Experts stress that AI should support, not replace, human connection. For instance, Japan’s Hiro-chan robot is designed to reduce stress through simple interactions, while the Florence Project customizes each device to fit the user's unique needs. "No two people with dementia are the same," Middleton says, highlighting the importance of AI that adapts to different stages of dementia and individual preferences.

VC Fundraising Rounds

• Coframe, AI startup specializing in website optimization, announced it has raised $9.3 million in seed funding. (10/29/24)

• Aignostics, a global AI company specializing in converting complex multi-modal pathology data into impactful insights, announced it has raised $34 million in Series B funding. (10/29/24)

• Reflexivity, an AI solutions provider for the investment industry, has raised $30 million in Series B funding. (10/29/24)

• EvoluteIQ, an AI-driven business automation platform based in Stockholm and London, has raised $20 million (around €18.5 million) through a mix of equity and debt funding. (10/29/24)

• Sierra, a software startup co-founded by former Salesforce co-CEO Bret Taylor, has secured $175 million in funding, bringing its valuation to $4.5 billion. (10/28/24)

• Interos, a leading provider of AI-driven supply chain risk intelligence, has received a $40 million strategic growth investment from Blue Owl Capital. (10/24/24)

Meme of the Day

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