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As we delve deeper, we’ll explore SoftBank’s ambitious future plans – raising roughly $1.86 billion through international bonds.

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TODAY’S AI SECRET:

• SoftBank raises $1.86 billion overseas to spice up AI investments.

• Meta unveils game-changing AI compiler.

• Every day trending & featured AIs boost your profession and business.

• Hollywood’s video game actors seek to avoid a strike resulting from disagreements over AI.

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TODAY’S AI WORLD

• SoftBank to Spend money on Perplexity AI – SoftBank’s Vision Fund 2 plans to speculate between $10 million and $20 million in U.S. search startup Perplexity AI at a valuation of $3 billion, amidst a bigger $250 million funding round.

• Rain AI Recruits Apple Chip Executive – San Francisco-based Rain AI, backed by OpenAI CEO Sam Altman and Y Combinator, has hired Jean-Didier Allegrucci, a former Apple executive, to spearhead their hardware engineering efforts in developing latest AI semiconductors.

• NBC to Use AI – NBC will utilize AI software to recreate sports commentator Al Michaels’ voice for day by day recaps of the Summer Olympics on its Peacock streaming platform. This marks a big milestone in using AI by a significant media company.

• AI Startup Clay Raises $46 Million – Clay focused on business sales and marketing, secured $46 million in recent funding, raising its valuation to $500 million. Led by Meritech Capital Partners, the investment included Sequoia Capital and First Round Capital, bringing Clay’s total funding to $66 million.

SOFTBANK

SoftBank raises $1.86 billion overseas to spice up AI investments.

SoftBank has recently raised funds by selling international bonds. That is the primary time the Japanese tech giant has issued foreign currency debt since 2021. This move shows their technique to boost investments in AI.

The Details:

• Bond Sale Details: SoftBank successfully raised roughly $1.86 billion via dollar and euro bond sales to support its operations and retire existing debts.

• AI Investment Strategy: The funds are partly allocated to spice up SoftBank’s investments in AI, with significant recent investments in startups like Tempus AI and Perplexity AI.

• Future Plans and Commitments: SoftBank is planning a considerable investment in AI-related technologies, specifically in AI chips, with a project named Izanagi aiming to deploy around $100 billion.

Why It Matters:

• Enhanced AI Capabilities: SoftBank’s increased investment in AI may lead to advancements in medical treatments and more competitive alternatives to existing technology platforms like Google search.

• Financial Strategy Impact: The bond sales not only help manage the corporate’s debt but in addition secure mandatory funding to sustain and expand its aggressive growth strategy in AI.

• Global Tech Influence: SoftBank’s moves could significantly affect global technology markets, particularly in AI, positioning the corporate as a key player in shaping future tech landscapes.

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META

Meta unveils game-changing AI compiler.

Meta’s AI research team has introduced the Meta Large Language Model Compiler, an open-source suite designed to revolutionize code optimization for developers.

The Details:

• Compiler Optimization Transformed: Meta Platforms Inc. introduces a revolutionary suite of AI models called the Meta Large Language Model Compiler, designed to significantly enhance code compilation and optimization.

• Efficiency in Code Development: The LLM Compiler is especially adept at optimizing code size and compilation times, demonstrating substantial efficiency improvements in these areas.

• Applications and Implications: Beyond basic optimizations, the LLM Compiler also excels in reverse engineering and legacy code maintenance, expanding its utility in software development.

Why It Matters:

• Advancing AI Applications: This development represents a big advancement in applying AI to software engineering, potentially changing how developers approach code optimization.

• Enhancement of Software Development: The LLM Compiler may lead to faster and more efficient software development cycles, benefiting a broad range of industries and applications.

• Impact on Software Engineers: While offering quite a few advantages, the introduction of such AI tools also raises questions on the evolving role of human engineers in software design and development.

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AI IN ENTERTAINMENT

Hollywood’s video game actors seek to avoid a strike resulting from disagreements over AI.

Negotiations between Hollywood’s actors union (SAG-AFTRA) and video game firms are ongoing. The foremost issue is using AI within the industry, especially AI that may copy actors’ voices and likenesses without their permission.

The Details:

• AI in Negotiations: The foremost obstacle in negotiations is the demand for equal protection against AI’s potential misuse.

• Union’s Stance: SAG-AFTRA just isn’t entirely against AI but demands safeguards to guard actors from being displaced by AI technologies.

• Potential Strike: The union may consider striking to make sure fair treatment and protection for its members within the face of AI integration.

Why It Matters:

• Ethical Implications: The unchecked use of AI poses ethical questions on the authenticity and integrity of performances.

• Job Security: AI’s ability to copy human characteristics can threaten actors’ job security and future opportunities.

• Industry Standards: The end result of those negotiations could set precedents for a way AI is integrated in creative industries globally.

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