Today in AI - November 29, 2024

ServiceTitan is preparing for an IPO, Anduril Industries disclosed executive compensation, and companies like Eyewa and Cradle secured substantial funding rounds. The European Union appointed Ekaterina Zaharieva as Commissioner for Startups, and new insights into Y Combinator's investment patterns were revealed. Pathway raised $10 million to develop live AI systems for real-time data processing and analysis, enhancing decision-making and operational efficiency in industries such as finance, healthcare, and logistics. U.S. technology companies are investing in emerging markets like China and India to capture market share and drive economic growth, despite challenges like geopolitical tensions and regulatory hurdles. Meta Platforms Inc. is investing $10 billion in a 40,000-kilometer subsea fiber-optic cable project to enhance data transmission capabilities and reduce latency, marking its first wholly owned subsea cable. A study from the Tow Center for Digital Journalism highlighted concerns about the accuracy and reliability of AI-generated citations, with Chat GPT often providing incorrect or misleading information, emphasizing the need for stringent verification processes and ethical guidelines. Apple's upcoming iOS 18.2 will feature the Image Playground, an AI-driven tool that generates cartoon-like images from text descriptions, aimed at enhancing creativity and productivity in education, marketing, and other fields. Morris Chang's autobiography reveals his attempt to recruit Nvidia's Jensen Huang as TSMC's CEO, detailing their friendship and the strategic partnership that has driven both companies' success in the semiconductor and AI markets.