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Good morning. As Montgomery grapples with a riverfront brawl that's made waves, perhaps they could borrow Spotify's AI DJ to set the mood with some calming tunes next time. After all, if it can personalize music for 50 markets around the world, surely it can find the right track to keep pontoon boat owners and riverboat captains in harmony.

In today’s newsletter:

• 🌌 AI's Cosmic Breakthrough: Meet HelioLinc3D, Earth's New Asteroid Sentinel

• 💸 Investing in AI: Softbank’s ripple effect

• 🏰 Disney's AI Task Force: Revolutionizing Entertainment, Cutting Cost

• 💻 Google's Project IDX: Revolutionizing Coding with AI-Enabled Browsers

• 🎶 Spotify's AI DJ Goes Global: Personalized Music in 50 Markets

• 🤝 NVIDIA Partners with HuggingFace: A Leap in Generative AI Models

 NEWS

AI's Cosmic Breakthrough: Meet HelioLinc3D, Earth's New Asteroid Sentinel

Meet HelioLinc3D, an AI algorithm that can spot what human eyes often miss.

Its first claim to fame? Detecting a 600-foot-long asteroid known as 2022 SF289, set to approach Earth within a hair's breadth (in cosmic terms) of 140,000 miles. This is no small feat, especially for an algorithm working with the still-under-construction Vera Rubin Observatory in Chile.

How does HelioLinc3D work? While conventional telescopes require four images per night to detect asteroids, Rubin and HelioLinc3D only need two, and they don't even have to be taken on consecutive nights. It’s the equivalent of a digital Sherlock Holmes, scanning the night sky with a magnifying glass, finding clues in places where others might not think to look.

No longer will asteroids sneak up on us like uninvited guests at a galactic party, well… at least that’s the hope ☄️. Researchers see vast potential in space missions, where HelioLinc could guide spacecraft through uncharted territories, and in asteroid mining, where it could identify valuable resources. HelioLinc could unlock new frontiers in space exploration, foster scientific innovation, and pave the way to a future where the mysteries of our universe are within grasp.

INVESTING IN AI

SoftBank's Ripple Effect: A Financial Twist with Global Reach

SoftBank has been a name synonymous with daring investments and bold strategies. A multinational conglomerate holding company led by Masayoshi Son, SoftBank's diverse portfolio has often made headlines. But this time, the news is of an unexpected consecutive quarterly loss, painting a complex picture of ambition, challenges, and resilience.

The Vision Funds, SoftBank's ambitious investment arms, posted a quarterly investment loss of $91 million, a significant improvement from the staggering $20 billion loss a year ago. Cumulatively, the losses across the three funds total $6.3 billion as of June 30 after a decline in positions like Alibaba, T-Mobile, and many others.

SoftBank's CFO, Yoshimitsu Goto, expressed cautious optimism, stating that the company is "carefully and slowly moving back to investment activities," with a keen focus on AI.

Here’s what Lydia Jett, Managing Partner at Softbank has to say 👇

SoftBank's losses might seem distant from the average consumer. But Softbank’s investment decisions significantly influence the products and services that end up reaching the consumer market. If Softbank and other large funds employ a more conservative investment approach, there’s potential for a decreased rate of developing new technologies, affecting the pace of the new tech that consumers are always hungry for.

SoftBank's recent losses are not just a corporate saga but a narrative that intertwines with the lives of investors, entrepreneurs, tech professionals, and even everyday consumers. A reflection of the volatile yet exciting nature of the tech world, where ambition meets reality, and decisions have widespread effects.

Will AI be SoftBanks’ savior, or will it lead to a further loss of billions?

We had another close call from Monday’s edition. 58% of people picked Image 1, the real image. Now that you’ve had a bit more experience, I’m hoping you can escape the perils of AI-driven misinformation.

The results of today’s poll will be revealed on Friday

 Disney's AI Task Force: Revolutionizing Entertainment, Cutting Cost

 Google's Project IDX: Revolutionizing Coding with AI-Enabled Browsers

 Spotify's AI DJ Goes Global: Personalized Music in 50 Markets

 NVIDIA Partners with HuggingFace: A Leap in Generative AI Models

• Silatus: Market analysis. Academic research. Product research. At the push of a button (link)

• Kickresume: AI-powered resume builder (link)

• Superpower: The AI notetaker for your meetings (link)

• Hyperwrite: Your assistant for everyday tasks (link)

• Stockimg: Generate graphics with AI (link)

• Droxy: Turn your content into a custom ChatGPT chatbot (link)

• Editby: Create high-quality content for social, professional, or academic writing (link)

• Picogen: (Unofficial) Midjourney API with easy integration (link)

Our database of all the best AI tools mentioned in our newsletter is coming soon!

Have cool resources or tools to share? Submit a tool or reach us by replying to this email (or DM us on Twitter).

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