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🛒 Amazon’s new AI agent will shop for you
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- Amazon is testing "Buy for Me," a new AI shopping agent powered by Amazon Nova AI models and Anthropic's Claude, which can purchase products from external websites without users leaving the Amazon app.
- The feature securely inserts users' billing information on third-party sites through encryption, differentiating it from competitors like OpenAI and Google that require manual credit card entry for purchases.
- Despite potential concerns about AI hallucinations or mistakes in purchasing, Amazon's agent handles the entire transaction process, directing users to the original digital storefront for any returns or exchanges.
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🔧 Intel and TSMC agree to form chipmaking joint venture
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- Intel and TSMC have reportedly reached a preliminary agreement to form a joint venture operating Intel's U.S. fabs, with TSMC owning 20% of the partnership, according to sources cited by Reuters.
- The arrangement was allegedly influenced by the U.S. government as part of efforts to stabilize Intel's operations, while preventing complete foreign ownership of Intel's manufacturing facilities.
- Financial markets responded quickly to the news with Intel's stock price rising nearly 7%, while TSMC's U.S.-traded shares dropped approximately 6% following the report.
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🎓 OpenAI and Anthropic are fighting over college students with free AI
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- OpenAI and Anthropic are racing to capture college students' attention, with Anthropic launching Claude for Education featuring Learning mode, while OpenAI offers free ChatGPT Plus to U.S. and Canadian students through May.
- Anthropic's Learning mode aims to develop critical thinking by using Socratic questioning instead of providing direct answers, partnering with institutions like Northeastern University and London School of Economics.
- The competition to embed AI tools in academia reveals both companies' desire to shape how future generations interact with AI, with OpenAI already committing $50 million to research across 15 colleges.
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📉 Microsoft reportedly pulls back on its data center plans
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- Microsoft has halted or postponed multiple data center projects across various global locations including Indonesia, the United Kingdom, Australia, and several U.S. states, according to a Bloomberg report.
- The company's scaling back could be due to lower AI service adoption, power constraints, or CEO Satya Nadella's expectation of computing capacity oversupply in coming years as prices are likely to decrease.
- Despite planned investments of approximately $80 billion in data centers for the current fiscal year, Microsoft has signaled slower investment ahead while still lacking significant revenue from AI products like Copilot.
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🎨 Midjourney releases its first new AI image model in nearly a year
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- Midjourney has released its V7 AI image model after a nearly year-long wait, featuring a "totally different architecture" that handles text prompts more intelligently and creates higher-quality images with better textures and details.
- The new model requires users to rate approximately 200 images to build a personalization profile, and it comes in two versions - Turbo and Relax - along with a Draft Mode that renders images ten times faster at half the cost.
- Despite facing lawsuits over alleged copyright infringement, the San Francisco-based company has been financially successful, reportedly expecting around $200 million in revenue in late 2023 without taking outside investment.
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