AI News Stories

1. Apple Scraps Electric Car Endeavor - Shifting Focus to AI

After 10 years developing an electric autonomous vehicle, Apple has ended the project and shifted hundreds of employees to other divisions. The car, nicknamed Project Titan, was estimated to have cost Apple billions but faced challenges cracking self-driving technology. Key employees will now focus on artificial intelligence efforts. Read More. Key Takeaways:

• Apple cancels secret 10-year effort to build electric car

• Project faced challenges with self-driving technology

• Employees shifted to AI and some layoffs expected

2. Apple Bets Big on AI at Annual Meeting

At Apple's annual shareholders meeting, Tim Cook said the company will make major advancements in generative AI in 2024 that will "unlock transformative opportunities" for users. This builds on previous comments about Apple's AI investments. Read More. Key Takeaways:

• Apple plans major generative AI advancements for 2024

• Advancements aim to provide "transformative opportunities"

• Follows other comments from Cook about Apple's AI focus

3. Adobe's New AI Tool is a "Photoshop for Music"

Adobe has developed a new AI-powered music generation and editing tool called Project Music GenAI Control. Users can generate audio clips by entering text prompts describing the desired style. Integrated editing controls then allow customization of tempo, patterns, intensity, and structure within the same interface. Read More. Key takeaways:

• Text-to-audio music generation

• In-app editing tools for tempo, patterns, etc.

• Aims to provide "Photoshop-level" audio controls

4. Patchwork: Supercharging Team Communication with AI

Patchwork is an AI-powered communication tool that replaces Slack with a ranked feed of relevant information and AI-assisted post creation, while still providing chat for urgent needs. Read More. Key Takeaways:

• Replaces Slack with ranked feed

• AI-assisted post creation

• Urgent chat still available

AI and Crypto: Technologies Driving a Realtor's Success

Mark Savant and real estate agent Dennis Smikalov discuss Mr. Smikalov’s journey from managing rentals to selling high-end properties in Miami, incorporating innovative technologies like AI and cryptocurrency into his business, and leveraging a global remote workforce.

Key Takeaways:

• Dennis transitioned from rentals to luxury sales through patience and persistence

• He incorporates AI for customer engagement and content creation

• He facilitates cryptocurrency transactions in real estate deals

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