🔥🐝 Apple buys yet another AI startup and Adobe Firefly 3 New release!

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The AI Reverie 

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Tuesday 23rd of April
Today we’ll cover

• TOGETHER WITH RYSE

• 📱 Apple Acquires French AI Startup Datakalab

• 🔥🐝 Adobe Unveils Firefly Image 3: Generative AI Reaches New Heights in Photoshop

TOGETHER WITH RYSE

Missed out on Ring and Nest? Don’t let RYSE slip away!

Ring 一 Acquired by Amazon for $1.2B

Nest 一 Acquired by Google for $3.2B

If you missed out on these spectacular early investments in the Smart Home space, here’s your chance to grab hold of the next one.

RYSE is a tech firm poised to dominate the Smart Shades market (growing at an astonishing 55% annually), and their public offering of shares priced at just $1.50 has opened. 

They have generated over 20X growth in share price for early shareholders, with significant upside remaining as they just launched in over 100 Best Buy stores.

Retail distribution was the main driver behind the acquisitions of both Ring and Nest, and their exclusive deal with Best Buy puts them in pole position to dominate this burgeoning industry.

Secure your stake before the offer closes.

APPLE AI
📱 Apple Acquires French AI Startup Datakalab

Acquisition strengthens Apple's on-device AI capabilities ahead of iOS 18 launch. On-device in this setting means LLM’s and AI that run on your Iphone or tablet.

The Reverie

Apple has acquired Datakalab, a French artificial intelligence startup specializing in on-device AI processing, computer vision, and deep learning.

The acquisition, completed in December 2023 for an undisclosed amount, aligns with Apple's focus on privacy and security by enabling faster, more secure AI experiences processed entirely on-device.

The Details

• Datakalab's low-power, runtime-efficient deep learning algorithms operate entirely on-device, fitting Apple's emphasis on user privacy.

• The startup's expertise includes AI compression and embedded computer vision that is fast, cost-effective, and precise.

• The acquisition comes as Apple prepares to introduce advanced AI features in iOS 18 at WWDC 2024, aiming to differentiate itself from competitors like Google and OpenAI.

Why Should You Care?

Apple's acquisition of Datakalab demonstrates the company's commitment to delivering cutting-edge, privacy-focused AI experiences.

By processing AI entirely on-device, Apple can offer faster and more secure AI features, although potentially less powerful than cloud-based competitors in some cases.

Datakalab's technology could enhance various Apple products and services, from productivity apps to Siri, Apple Music, Photos, and the company's Vision Pro ambitions.

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Agent. AI
Written by Dharmesh Shah. Dharmesh Shah is co-founder and CTO of HubSpot, and writes in-depth, technical (data-science background) insights in how AI works. This is a great supplement to The AI Reverie:

AI Minds Newsletter
“Navigating the Intersection of Human Minds and AI”. This newsletters dives deeper into usecases, and features research papers and tools that help you become smarter about AI. Highly recommended reading.

TEXT-TO-IMAGE AI
🔥🐝 Adobe Unveils Firefly Image 3: Generative AI Reaches New Heights in Photoshop

Next-gen AI model brings unprecedented photorealism, control, and creative possibilities

The Reverie

Adobe has introduced Firefly Image 3, the latest iteration of its generative AI model, which is set to revolutionize creative workflows in Photoshop and beyond.

This advanced AI technology promises to deliver unparalleled photorealism, enhanced user control, and a wide range of new features that will empower creatives to bring their visions to life more easily than ever before

The Details

• Firefly Image 3 offers significant improvements in image quality, including better lighting, positioning, attention to detail, and text rendering.

• The new model boasts a superior understanding of complex prompts and provides a broader range of output styles for illustrations, photos, and vector art.

• Photoshop beta now includes AI-powered tools like Reference Image, Generate Image, Generate Similar, Generate Background, and Enhance Detail, giving users more control and flexibility.

Why Should You Care?

The integration of Firefly Image 3 into Adobe's creative ecosystem marks a major milestone in the evolution of generative AI and its impact on the creative industry.

By using this cutting-edge technology, designers, artists, and photographers can now streamline their workflows, experiment with new ideas, and push the boundaries of their creativity like never before.

Check it out, and let us know if you think it’s good. Source

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