EU's New AI Act Creates Uproar

Hello there AI aficionados! Secure your energizing brew ☕️ (or a calming tea🫖, we're all for variety) and brace yourselves for an invigorating round of AI updates, dished out with a sprinkle of wit and a generous helping of innovation.

📰WHATS NEW!

👨‍⚖️Companies Slamming EU’s New AI Act

• Over 150 companies in Europe have taken collective action to criticize the European Union's recently approved artificial intelligence regulations, claiming that the act could negatively impact competition.

• The EU's AI Act will require companies developing foundation AI models to register their product with the EU, undergo risk assessments, and meet transparency requirements, which may encourage companies to withdraw from the European market entirely.

🗿BlackRock Calls AI Potential A 'Mega Force' and Discusses Best Positioned Companies

• Snowflake hosted an investor day during its annual user conference and announced a partnership with Nvidia to enable customers to build AI models using Nvidia tools.

• Databricks acquired generative AI startup MosaicML on June 26 for $1.3 billion and touted its AI initiatives at its annual summit this week.

💊First Fully A.I. Generated Drug Enters Clinical Trials in Human Patients

• Insilico Medicine created a drug to treat idiopathic pulmonary fibrosis, a chronic disease that causes scarring in the lungs.

• The drug is the first fully generative AI drug to reach human clinical trials, and specifically Phase II trials with patients.

🛠️Tools of the Week

Adobe Firefly

• AMAZING generative ai tool for creators!

• Features include: text to image, generative fill, text effects, generative recolor, 3D to image, extend image, sketch to image, and more.

AgentGPT 

• ChatGPT combined with action!

• Assemble, configure, and deploy autonomous AI Agents in your browser.

Mimir 

• Imagine a world where you can have anyone as a mentor!

• Chose from a list of AI personalities, and ask for personal advice and lessons.

🎨AI Art Corner

🤣AI Joke of the Day

Why did the AI go on a diet?... It was taking too many ‘bytes’! 

🔝Your Request, My Priority: Lets get Started!

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And remember, if an AI starts asking you about the meaning of life, it's probably time to turn it off and back on again.

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Start AI Team 😁