🏆 AI at the Olympics

➜ Al Michaels or AI Michaels? Al Michaels, legendary sports broadcaster, agreed to clone his voice for 10-minute personalized daily recaps of summer’s Games for NBC. “I just sat there and thought, ‘In the next life, I’m going to need a new profession,” – Michaels told the journalists.

Vanity Fair

➜ AI-Powered Sports Commentary. Google, Team USA’s official AI search partner, is trying to use Paris Games to raise awareness around its AI tech. The giant will infuse AI into the U.S. broadcast of the Olympics, allowing sports commentators to use AI to explain competitions. 
Reuters

➜ Roaming Around Paris With Google Lens. Team USA athletes will take part in “One Day in Paris” promo, testing all the latest AI tools from Google, from Google Lens to Immersive View in Google Maps and Gemini, on the city’s streets. Promo videos will premiere on social media and as late night on-air clips on NBC.

The Hollywood Reporter

➜ AI-Generated Ad Campaign. Trading and investing platform eToro launched an AI-generated advertising campaign for the Paris Olympics. They used Lightricks’ recently launched AI-powered video editing and storyboard tool LTX Studio to produce the ads. 

Finextra

📈 How are companies using AI?

➜ AI Measures Smiles At Supermarkets To Boost Customer Service Quality. Japanese supermarket chain AEON has implemented 'Mr Smile,' an AI system developed by InstaVR, to assess and standardize employees' smiles and tone of voice. AEON is the first company globally to use such a system, which analyzes over 450 elements, including facial expressions and voice tone across its 240 stores.

SCMP

➜ GenAI Bot For Employees. JPMorgan Chase has just rolled out a generative AI chatbot to staff. Dubbed LLM Suite and developed in-house, the bot is designed to help with writing, idea generation, and summarizing documents.

Finextra

➜ LLM For The Financial Sector. Lloyds Banking Group and Nationwide joined an £11 million Series A funding round for a Scottish AI fintech Aveni. The startup, which creates AI products for faster document and meeting analysis, aims to use the funds to develop FinLLM, a large language model specifically tailored for the financial sector.

Finextra

➜ A Sneak Peek at AI at Ralph Lauren. The company announced that Levi’s exec is taking over as new tech chief at Ralph Lauren. Retiring Janet Sherlock highlighted the company's recent AI efforts – they’re using it for inventory optimization, forecasting, and consumer engagement. 

RetailDive

➜ AI Bubble Is Coming? Investors are suddenly getting worried that AI isn't making any serious money. Overconfidence can result in a massive bubble. 

Futurism

➜ So What Happens When the AI Bubble Bursts? In Q2, venture capitalists put $27.1 billion into AI – half of all VC investment for the period. Ex-Google researcher Alex Hanna, of Distributed AI Research Institute shares a pessimistic view: large empty data centers, neglected climate goals, broken careers. Dark premonitions – worth a read.

The Verge

➜ 5 Real AI and GenAI Implementations. Faster claims processing? Accelerated R&D? We put together a short deck with concrete use cases, filled with tangible – and quite impressive! – results. Tax inquiry analysis from 8 hours to 40 seconds. Chemical identification and analysis from 6 months to 6 hours. Check out the five problems Netguru solved with AI.

Netguru

💡 What are the nerds up to?

➜ Elon Announces Push to Grok 2 & Grok 3. Elon’s xAI startup will soon launch its second-generation AI model. With a promise to exceed current generation AI models “on all metrics” and deliver “really something special”, Musk wishes to challenge OpenAI’s GPT-5. Lots of big words and lots of GPUs needed to get there. Will he make it? We should know in a month from now.

AI Business 

➜ Immense Progress and Massive Threat. OpenAI’s SearchGPT is here and it means reimagined browsing. Google jumps at advanced AI models like Alpha Proof and Alpha Geometry 2 for solving complex mathematical problems. While Sam Altman says that with the latest advancements, we’re about to experience a massive leap, he also warns of the consequences to national security: “The U.S. need to maintain its lead in developing AI.” 

Chaindesk

➜ OpenAI Enters the Google-Dominated Search Market with SearchGPT. OpenAI has launched SearchGPT, an AI-powered search engine that provides real-time access to internet information, putting it in competition with Google, Microsoft's Bing, and Amazon-backed Perplexity. OpenAI has opened sign-ups for the new tool, which is currently in the prototype stage and being tested.

Reuters 

➜ Meta Pushes with Llama 3.1. Meta has released a newly developed open-source AI model that could outperform GPT-4. Meta's CEO Mark Zuckerberg hopes that Llama AI will be the most widely used assistant by the end of this year. 

TheVerge 

➜ Reddit-Clone, Zero Humans. A Reddit fan spent a couple of evenings building a local Reddit-clone where all the posts and comments are AI generated. It’s called Deaddit. Love this kind of humor. 

Deaddit

➜ Silver Medal Win for AI in Maths. Google’s AlphaProof and AlphaGeometry 2 caught up with this year’s silver medalist at the International Mathematical Olympiad, solving four out of six complex math problems. “The fact that the program can come up with a non-obvious construction like this is very impressive, and well beyond what I thought was state of the art,” – commented Professor Sir Timothy Gowers, IMO gold medalist and Fields Medal winner. 

DeepMind 

➜ Developers Need More AI Training. A group of academics and researchers are pushing for more education around the societal impact of AI development. They’re concerned AI missteps could unravel global peace and security.
Spectrum

➜ A Story of Persistence. Super sweet LinkedIn haiku by Yurii Rebryk, founder of Fluently app and an AI English Speaking coach. He recently got accepted into YC and raised over $2.5M in funding, though his entrepreneurial journey wasn’t an easy one. 

LinkedIn

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