🗞 Microsoft Adds OpenAI to Competitor List, Revealing Partnership Shifts ⚔️

🔎 The Latest on the AI Frontier:

• Microsoft Adds OpenAI to Competitor List, Revealing Partnership Shifts ⚔️

• TikTok's Massive OpenAI Spending Boosts Microsoft's AI Revenue 💸

• Elon Musk Dismisses Rumors of xAI Acquiring Character.AI ⛔️

• Meta's AI Assistant Set to Dominate Global Usage, Says Zuckerberg 📈

• Paris Olympics to Showcase AI Innovations Across Multiple Domains 🏅

• EU's Landmark AI Act Takes Effect, Setting New Global Standards ⭐️

• AI Disrupts Sales Tech, Challenging Established Platforms 🤖

• Taco Bell Rolls Out AI-Powered Drive-Thrus Across Hundreds of Stores 🌮

• Amazon Unveils Advanced AI Model for Just Walk Out Technology 🛒

⚔️ Microsoft lists OpenAI as competitor in annual report, signaling evolving partnership. Link

• Microsoft added OpenAI to its list of competitors in AI offerings and search/news advertising, alongside tech giants like Amazon, Apple, and Google.

• This change comes shortly after OpenAI announced a prototype search engine called SearchGPT, potentially challenging Microsoft's Bing.

• Despite the competitive designation, Microsoft remains a major investor in OpenAI, having reportedly invested $13 billion and serving as its exclusive cloud provider.

💸 TikTok spending $20 million monthly on OpenAI models via Microsoft, fueling AI revenue. Link

• TikTok is purchasing OpenAI models through Microsoft, accounting for about 25% of Microsoft's AI revenue as of March.

• This highlights the complex relationships in the AI industry, as TikTok parent ByteDance is reportedly working to build its own AI models.

• The situation mirrors broader industry trends, where major tech companies are both customers and potential future competitors in AI development.

⛔️ Elon Musk denies report that xAI is considering acquiring Character.AI. Link

• Musk refuted a report by The Information claiming xAI was looking to acquire chatbot startup Character.AI.

• The original report suggested xAI was exploring the acquisition as a way to test its Grok AI models.

• This highlights the intense speculation and interest surrounding AI startups and potential consolidation in the rapidly evolving AI industry.

📈 Meta's AI tool on track to be 'most used' globally, says Zuckerberg, as company plans significant AI investments. Link

• Meta reported strong Q2 results, with revenue up 22% to $39.07 billion, beating analyst expectations.

• CEO Mark Zuckerberg stated Meta's AI assistant is on track to be the most used in the world by year-end.

• The company plans substantial AI investments in 2025, including in data centers and infrastructure, which will drive up expenses.

🏅 Paris Olympics set to showcase AI in supporting roles across multiple areas. Link

• Intel is using AI for athlete chatbots, video processing, and talent identification programs in developing countries.

• Omega is leveraging AI and computer vision to provide detailed performance analysis in swimming and tennis.

• NBC plans to use an AI version of broadcaster Al Michaels to deliver personalized Olympic highlights to viewers.

⭐️ EU's landmark AI Act comes into force, setting global standards for AI regulation. Link

• The law introduces a risk-based approach, with strict obligations for "high-risk" AI applications and bans on "unacceptable" uses like social scoring.

• U.S. tech giants face significant impact, with potential fines of up to €35 million or 7% of global annual revenues for non-compliance.

• While in force from August 1, 2024, most provisions won't take effect until 2026, with a 36-month transition period for existing generative AI systems.

🤖 AI revolutionizes sales tech, challenging incumbent platforms with new capabilities. Link

• AI-native platforms will use multi-modal data to extract deeper customer insights, fundamentally changing sales workflows.

• New AI solutions are emerging for intelligent pipeline building, digital workers to handle end-to-end sales, and AI-powered sales enablement.

• The shift may lead to blended GTM teams, more flexible strategies, and outcome-based pricing models replacing traditional per-seat pricing.

🌮 Taco Bell expanding AI-powered drive-thrus to hundreds of US stores after successful trial. Link

• AI system uses voice recognition to interpret customer orders, aiming to improve accuracy and reduce wait times.

• Parent company Yum! Brands plans to deploy the technology to hundreds of Taco Bell locations by end of 2024.

• Other fast food chains like Wendy's and Dunkin' are also testing AI ordering, with 16% of operators planning to invest in AI integration in 2024 according to industry data.

🛒 Amazon unveils new AI model to improve Just Walk Out technology accuracy and scalability. Link

• The multi-modal foundation model uses transformer-based machine learning to analyze data from cameras and sensors simultaneously.

• This approach increases accuracy in complex shopping scenarios and reduces the need for manual retraining.

• Amazon plans to more than double the number of third-party stores using Just Walk Out technology in 2024.

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