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| Hey Insiders! Here are the top AI headlines for today: - A study found that AI boosts breast cancer detection and lightens radiologists' workloads.
- Companies with AI-ready workforces are surpassing market performance.
- Google's AI-powered Search is adding images and videos to results.
- Meta launched an AI tool to create music and other audio from text.
If you find this newsletter useful, don't forget to spread the word and share it with your friends and colleagues. Thanks for being part of our community! Beth
p/beth-duckett | |
| 1 | | AI helped to detect 20% more breast cancer cases from mammograms compared to screenings by only radiologists, according to early results from a large-scale study. The research, conducted in Sweden with over 80,000 women, also showed that AI lowered radiologist workloads by nearly half. More: - AI analyzed half of the women's scans before being reviewed by radiologists, while the other half were examined by two radiologists alone.
- The AI-assisted group had a 20% higher cancer detection rate (6 per 1,000) than the standard approach (5 per 1,000).
- The AI system had no increase in false positives, suggesting it's safe for breast cancer detection.
- The use of AI also led to a 44% reduction in radiologists' mammogram reading workload.
Zoom out: - Despite a shortage of radiologists globally, the study's lead author still stressed the need for further trials and evaluations before rolling out AI on a broader scale.
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| 2 | | The news: A new study finds that companies with workforces most exposed to generative AI are outperforming the market. The details: The research, titled "Generative AI and Firm Values," from researchers from UCLA and the University of Southern California, delved into the influence of ChatGPT on the stock market. The findings show that firms with greater integration of GenAI technologies, leading to higher workforce productivity gains, surpass companies with lower exposure. Notably, industries like finance, professional services, and technology, where employees are more exposed to AI integration, showed statistically significant outperformance compared to their counterparts. Why it matters: The study raises the question of whether investors intentionally sought AI-ready companies or if it was unconscious. However, the evidence suggests that adopting AI leads to heightened productivity and drives up stock values rather than causing job loss. The positive impact of AI adoption is evident not only in tech but industries like insurance, where companies with higher AI exposure showed stock gains. 
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| 3 | | Google's experimental AI-powered version of Search will soon include images and videos in results. Unlike AI chatbots like ChatGPT or Bard, Google's Search Generative Experience (SGE) lists the sources it pulls information from. More: - The AI search has started as an experiment within Google's new Search Labs, where users can test it Google's new Search Labs, where users can test it out and offer feedback.
- For users signed up for SGE, AI search queries will soon generate text descriptions and include images and relevant videos from YouTube.
- Google is also adding publish dates to linked websites for better context.
Zoom out: - The company said it has halved the time for SGE to produce "AI snapshots," which are the AI-powered key information at the top of search results.
- Google released its ChatGPT competitor, Bard, earlier this year.
Google's experimental AI Search: 
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| 4 | | Apple's progress in generative AI lags behind competitors and there is no sign that the company will launch AI services or products in 2024, according to analyst Ming-Chi Kuo. The update contradicts Bloomberg stating that Apple could make a significant AI announcement in 2024. More: - Following the release of Apple's quarterly financial results today, Kuo doesn't believe AI will be brought up much during the earnings call since Apple trails competitors in the field.
- Kuo's latest note says there is no indication that next-gen AI will launch in Apple's hardware for consumers next year.
- Last month, reports emerged about Apple working on an "Apple GPT" chatbot and other AI projects, but the company's strategy for consumer products is unclear.
Zoom out: - Unlike Microsoft, Google, Meta, and Amazon, Apple has been more reserved in adopting GenAI technology.
- While Apple has used large language models to enhance iOS, it prefers to call the technology "transformers" rather than using terms like "AI" or "GPT."
- Tim Cook, Apple's CEO, has acknowledged the importance of being deliberate and thoughtful in AI development.
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| 5 | | Meta has launched AudioCraft, an AI tool that creates high-quality audio and music from text prompts. Meta hopes it can lead to a new instrument similar to the synthesizer. More: - The open-source GenAI tool consists of three models:
- Meta's MusicGen generates music from text, while AudioGen creates sound effects from written prompts.
- An upgraded version of Meta's EnCodec decoder compresses sounds for higher quality, creating sounds with fewer artifacts,
- While AudioCraft shows potential, it produces music suitable for background or stock use rather than mainstream hits.
- By sharing the code for AudioCraft, Meta says it hopes to diversify the data used to train it and encourage researchers to explore new approaches and address bias and misuse.
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| 6 | | 🍋 FRESH FUNDING 🍋 - AI-powered neurovascular, cardiac, and vascular diseases diagnostics and treatment platform RapidAI secured $75M in Series C funding led by Vista Equity Partners.
- Protect AI, a startup that guards AI and ML applications against security vulnerabilities, data breaches, and emerging threats, closed its Series A round with $35M in funding. Evolution Equity Partners led the funding round with participation from Salesforce Ventures, Acrew Capital, Boldstart Ventures, and others.
- San Francisco, Calif.-based robotics startup Collaborative Robotics raised a $30M Series A funding led by Sequoia Capital.
- Topline Pro, a generative AI platform for home service professionals, nabbed $12M in Series A funding led by Forerunner Ventures, joined by Bonfire Ventures, TMV, and BBG Ventures.
For the latest on AI startup funding and more in the VC community, subscribe to our Inside Venture Capital newsletter. | | | |
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- White Castle plans to install AI voice assistants at more than 100 drive-thrus by 2024, with the technology provided by speech recognition firm SoundHound.
- Match Group's Tinder is testing an AI photo selection feature to pick the best dating profile pictures. The company may also explore other AI capabilities, like surfacing content and assisting with bio writing.
- Elon Musk says the "final piece" of Tesla's Full Self-Driving AI puzzle is "vehicle control," which involves using neural nets instead of direct coded instructions. Musk boldly predicts achieving Level 4 or 5 autonomy or driving without human supervision by the end of the year.
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 | AI and technology writer | | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. She has written the Inside AI newsletter since 2019. You can reach her at Beth.Duckett@inside.com. | | This newsletter was edited by Christopher Hachey | |
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