💥 Apple Intelligence Killed These Startups

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Adepto is back again with some exciting new developments. Let's get you back up to speed with what you might have missed the past month!

In today’s AI world:

  • Apple Intelligence
  • Color and OpenAI Cancer Breakthrough
  • More AI startup news

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Apple Announces Apple Intelligence

At the WWDC event, Apple revealed its new AI strategy called 'Apple Intelligence,' partnering with OpenAI and introducing new AI features for iOS 18, iPadOS, and macOS 15.

Siri Upgrades:

  • Next-gen Siri: Siri will now talk more naturally, remember previous conversations, and handle more complex tasks
  • Onscreen Awareness: Siri can now take actions using information on the device, making it more personalized for each user

New AI Features:

  • AI Writing Tools: Apps like Mail, Messages, and Notes will have tools to auto-generate and edit text
  • Mail Improvements: AI will help organize and highlight important content in your inbox
  • Notes and Phone: New features for audio transcription and summarization
  • Genmojis: Create personalized emojis from text
  • Image Playground: A new tool to generate images from prompts
  • Photos: Better search capabilities, the ability to create photo stories, and new editing tools

Privacy Focus:

  • On-device Processing: Most AI features will work directly on the device for better privacy
  • Private Cloud Compute (PCC): For more complex tasks, AI processing will be done securely in the cloud
  • Opt-in Features: Users can choose to use the new AI features; they are not mandatory

OpenAI Integration:

  • ChatGPT/GPT-4o: Siri can use ChatGPT for more complex questions, thanks to the partnership with OpenAI
  • Additional Tools: OpenAI's blog mentions more features like image generation and document understanding integrated into the new operating systems

Why It Matters: Although there were no big surprises, the improved Siri with ChatGPT integration will make the voice assistant more useful, bringing advanced AI to millions of users.

Watch WWDC here

🏥 Color and OpenAI tackle AI cancer care

Health tech company Color has partnered with OpenAI to create an AI assistant to help doctors design personalized cancer screening and treatment plans, aiming to reduce delays in care.

Key Details:

  • AI Copilot: Color’s new AI tool, built on GPT-4o, reviews patient data, medical guidelines, and records to find gaps in screenings and create custom diagnostic plans.
  • Efficiency: By automating pre-treatment procedures, the AI saves crucial weeks or months, which is vital since cancer mortality risk increases by 6-13% with each month of delay.
  • Test Results: During testing, doctors using the AI copilot identified four times more missing labs and tests than those who did not use it.
  • Future Goals: Color plans to use AI-generated screening plans for over 200,000 patients by the end of 2024.

Importance: Cancer is the second-leading cause of death worldwide, and delays in diagnosis and treatment can be fatal. Color’s AI copilot aims to speed up these processes, potentially saving many lives in the fight against cancer.

Read more here


🚀 Paris-based AI startup Mistral AI raises $640M

Paris-based AI startup Mistral AI raised $640 million in a Series B funding round, led by General Catalyst, and is now valued at $6 billion. Mistral AI, founded by former Meta and Google DeepMind employees, aims to compete with top AI models and has released several open-source models, as well as proprietary ones available through paid APIs. The company plans to use the funds to continue developing cutting-edge AI technology and maintain its independence under the founders' control.

Read more here

💰 AWS pours $230M into GenAI startups to accelerate innovation

Amazon Web Services (AWS) is investing $230 million to support early-stage startups working on generative AI applications. The initiative includes AWS credits for cloud resources and a 10-week accelerator program offering mentorship, financial support, and industry expertise to 80 selected startups. The program ends with a showcase event at the re2024 conference, highlighting AWS's commitment to advancing generative AI technology across various industries.

Read more here

♺ CuspAI raises $30M to create a GenAI-driven search engine for new materials

CuspAI, a Cambridge-based startup, raised $30 million to develop a generative AI-driven platform that designs new materials by inputting desired properties and generating suitable molecules. Co-founded by AI expert Max Welling and chemist Chad Edwards, the company aims to revolutionize material discovery, particularly for climate solutions like carbon capture. The funding round was led by Hoxton Ventures with participation from various other investors, and the company has partnerships with major players like Meta.

Read more here

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