🏥🤖 Nvidia's AI Revolution in Healthcare

Tech Insights AI 0028, Tuesday 05th November 2024

In today’s post we cover 

1.Nvidia aims to transform hospitals with "physical AI" robots and automated systems within two years.

2.ADNOC plans to deploy autonomous AI in the energy sector, potentially creating $2.5 trillion in value by 2026.

3.US tech giants clash with Vietnam over proposed data storage laws that could disrupt social media operations.

4.Sentiance acquires DRVR to expand its AI-powered behavior intelligence platform in Southeast Asia.

5.Infosys warns that 98% of companies are not ready for the AI revolution, urging immediate action.

6.Daalchini Technologies revolutionizes India's retail with AI-powered vending machines using predictive analytics.

7.UAE-backed MGX considers investing in Elon Musk's xAI, which seeks $5 billion at a $45 billion valuation.

8.Major AI funding rounds include Noma ($32M), Warburg AI ($250K), and Physical Intelligence ($400M).

9.New AI tools emerge, including Getfluently.app for language learning and Lookie designed for consuming knowledge on YouTube

💻Tech Snapshots

🇺🇸🇻🇳 US Tech Giants Clash with Vietnam's Proposed Data Law 🏢

In a high-stakes showdown, major US tech firms including Meta and Google are sounding the alarm over Vietnam's draft decree on data storage. The proposed law, requiring companies to store user data locally and set up physical offices in Vietnam, threatens to disrupt social media operations and hamper data center investments. As tensions rise, industry leaders warn of potential negative impacts on Vietnam's digital economy, setting the stage for a critical debate on data sovereignty versus global tech operations.

🌏🚗Sentiance Expands Asian Footprint with DRVR Acquisition 

Sentiance, led by CEO Toon Vanparys, has acquired DRVR, a Southeast Asian fleet management company, to bolster its presence in the region and enhance road safety efforts. This strategic move combines Sentiance's AI-powered behavior intelligence platform with DRVR's expertise in fleet telematics, creating a powerhouse for intelligent mobility solutions. The acquisition aims to leverage AI and machine learning to improve driver behavior, reduce accidents, and optimize fleet operations across Asia's rapidly growing transportation sector.

🚨 98% of Companies Not Ready for AI Revolution, Infosys Warns

Infosys's datadtiven report reveals a staggering AI readiness gap, with only 2% of enterprises fully prepared for widespread AI adoption. Despite the AI hype, most execs admit they're 3-5 years behind, risking falling into the 'AI laggard' trap. The tech giant sounds the alarm with a 5-step AI readiness plan, urging companies to act now or risk being left in the digital dust.

🤖🛒Daalchini's AI Vending Machines: India's Smart Retail Game-Changer

Daalchini Technologies is revolutionizing India's retail scene with AI-powered vending machines that use machine learning to predict inventory needs and personalize user experiences. The startup's smart kiosks leverage data analytics to optimize product offerings and pricing in real-time, ensuring 24/7 availability of fresh items across 1,300+ locations. With AI at its core, Daalchini aims to expand to 50,000 intelligent vending points by 2025, promising to transform India's retail landscape through data-driven, contactless shopping solutions.

🇦🇪 UAE-Backed MGX Eyes Investment in Musk's xAI 💰

MGX, a UAE-backed AI investment firm, is in talks to invest in Elon Musk's xAI, which is seeking $5 billion at a $45 billion valuation. This potential deal follows MGX's recent investment in OpenAI's $6.6 billion round, signaling the firm's aggressive strategy in the AI sector. With backing from Mubadala and G42.            Backing industry leaders like Anthropic and Inflection AI, while G42 forged strategic partnerships with OpenAI and NVIDIA. The launch of their joint $10 billion fund, MGX, underscores the UAE's commitment to becoming a global AI powerhouse

MGX is poised to become a major player in AI funding, targeting a $100 billion asset portfolio and focusing on AI infrastructure, semiconductors, and applications.

💰Major Funding Rounds

🇺🇸 Nate Warfield's Noma raises $32M for AI application security, led by Threshold Ventures with participation from Glasswing Ventures and Knollwood Investment Advisory.

🇦🇪 Sajid Barkat's Warburg AI secures $250K seed funding for AI financial services from undisclosed investors.

🇺🇸 Geordie Rose's Physical Intelligence raises $400M for robot AI from high-profile investors including Jeff Bezos, OpenAI, and Nvidia.

🇺🇸 America dominates Q3 VC funding in AI with $22.6B invested (KPMG report), highlighting continued investor confidence in US-based AI startups and technologies.

🛠️ Latest AI Tools

Getfluently.app No More Stupid English Apps Improve your English with personalized AI feedback based on your real speech and interests. Founder Yurii Rebryk 🇺🇸 San Francisco, California, United States

Reassurance AI is a mental health service where users can interact with our Emotional Support AI, Sai. Users can receive advice, guidance, and support regarding their emotional and mental health, and log their thoughts and emotions in a secure virtual journal.

APIPark is the #1 open-source AI Gateway and Developer Portal, enabling you to easily manage, integrate, and deploy AI and API services. APIPark seamlessly connects with various large AI models and packages these AI capabilities into APIs for easy invocation. Co Founder 何惠敏 (AnnaHo)🇭🇰 Hong Kong SAR

JoggAI, an AI video ad generator, swiftly transforms URLs or product visuals into video ads that enhance sales and boost traffic, utilizing rich templates, AI Avatars, and AI-powered clip understanding capabilities. Founder Anbang Xu 🇺🇸 Irvine, California, United States

Lookie is designed for consuming knowledge on YouTube, where it often takes too much time and it's difficult to organize key information. With just a simple share, the process becomes 100x smarter and faster, turning YouTube into a personal knowledge hub. Founder Steven Oh 🇰🇷 Seoul, South Korea