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This Week in Generative AI – 29th to 5th October

By October 6, 2023January 8th, 2024No Comments
This week in Generative

Google is using on-device generative AI models on the Pixel 8 Pro

  • This enhances camera capabilities, showcasing the practical applications of AI in smartphone technology advancements.
  • These models will power features such as an improved Magic Eraser, Zoom Enhance, on-device summaries for recordings, and Smart Reply in Gboard. The Pixel 8 Pro offers 150 times more computations than the previous model.
  • The improved Magic Eraser will ship with the Pixel 8 Pro, but you’ll need to wait for future Feature Drops to get Zoom Enhance, recorder summaries, and Smart Reply in Gboard.

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NextGen Food Robotics Corp. has completed the beta version of its generative AI-powered food delivery and chatbot application, “Lily.”

  • The app aims to enhance the food ordering and delivery experience with features such as intelligent food recommendations and real-time order tracking. The company is committed to improving user experience and expanding its user base.
  • CEO and Founder “Paul Rivas” stated, “We are excited about the progress we’ve made with Lily and are eager to share this innovative AI food ordering chat app with iOS users through the App Store.”

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Meta has introduced generative AI features for advertisers, aiming to save them time and reduce “creativity fatigue”

  • Meta’s generative AI assists advertisers by automating creative processes, reducing workload and preventing burnout, potentially revolutionizing the advertising industry.
  •  The features, including Background Generation, Image Expansion, and Text Variations, aim to save advertisers time and reduce “creativity fatigue.”
  • However, concerns about data privacy and the need for industry standards for generative AI features remain. Meta also plans to release more AI features and products in the future.

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Visa is investing $100m in generative AI startups to make generative AI tools more accessible

  • Generative AI has the potential to accelerate efficiencies in money movement processes and provide seamless and secure payment experiences.

  • “With generative AI’s potential to be one of the most transformative technologies of our time, we are excited to expand our focus to invest in some of the most innovative and disruptive venture-backed startups building across generative AI, commerce and payments,” David Rolf, head of Visa Ventures, said in a statement.
  • As Form3 CEO Michael Mueller told PYMNTS, “payments are still an exciting growth business, despite the fact that they’ve been around for so long.”

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Prime Minister Kishida of Japan expressed his intention to play a leading role in creating rules for generative AI and contribute to solving global issues

  • Kishida’s commitment could pioneer global AI regulations, positioning Japan as a leader in tech governance, potentially influencing AI’s contribution to solving global issues.
  • Japanese Prime Minister Fumio Kishida expressed his optimism for generative artificial intelligence (AI) at a science and technology conference in Kyoto. He believes that generative AI will popularize science and technology and create a more convenient world.

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