Elon Musk's xAI raises $6 Billion

Hola, Happy Tuesday fam 🤖

In today’s WakeTheAI edition:

• OpenAI partners with Reddit

• Canva is revolutionizing the design world

• Suno teases the ability to craft songs from any sound

• Mastercard accelerates fraud detection with Generative AI

• Elon Musk’s xAI raises $6 Billion in the latest fundraising round

OpenAI
🤖 OpenAI partners with Reddit

Lazy Bits: OpenAI has partnered up with Reddit to access real-time content through Reddit’s data API. They have done this deal to enhance user experience.

In-Depth Details:

• The partnership aims to enhance ChatGPT and other OpenAI products by incorporating Reddit's content, especially on recent topics.

• Reddit users and moderators will have access to new AI-powered features built on OpenAI's platform.

• The deal is consistent with Reddit's other content arrangements and doesn't change its data API terms or developer terms.

• The partnership underscores Reddit's attempt to diversify beyond its advertising business and generate revenue from licensing agreements with AI developers.

• Additionally, OpenAI will become a Reddit advertising partner, potentially yielding substantial annual revenue for Reddit, estimated at $50 million to $60 million.

Lazy Conclusion: The partnership between OpenAI and Reddit holds significant value for both companies.

OpenAI will bring enhanced Reddit content to ChatGPT and other products, allowing users to discover and engage with Reddit communities in a more advanced manner.

Canva
🧑‍🎨 Canva Create ended & it was CRAZY!

Lazy Bits: Canva just introduced new AI features that will transform the design world. Features include a redesigned editing experience, enterprise offerings, new products, and enhanced collaboration tools.

In-Depth Details:

Canva Create introduced 13 major updates to revolutionize design with AI.

• Customizable workspace with starred items for quick access.

• Enhanced collaboration with improved commenting and notifications.

• Streamlined design flow with intuitive shortcuts and search.

• Profession-specific Work Kits for boosted productivity.

• Bulk creation of personalized designs via CSV/Excel.

• Ad Tech integrations for end-to-end campaign management.

• Upgraded Docs with real-time collaboration and outlines.

• Data autofill from sources like Salesforce.

• Custom apps and integrations.

• Text-to-graphic generation.

• Enhanced Resize & Magic Switch.

• AI-powered Magic Write for personalized text.

• AI-enhanced video editing with highlights tool.

You can read about it in detail here:

Brainstorming New Ideas

Brainstorming new ideas on your own is HARD. But with the help of ChatGPT, it becomes easier. Whenever you are working on a new project use this prompt to brainstorm new ideas.

Prompt:

I'm working on a [project] that focuses on [subject]. Do you have any suggestions on [topics] I can cover that are engaging?

Result:

•  Mastercard accelerates card fraud detection with generative AI technology to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem.

• Suno just posted a new video where they tease the ability to craft songs from any sound.

• Elon Musk’s xAI raises $6 Billion in the latest fundraising round, the money will be used to take xAI's first products to market, build advanced infrastructure, and accelerate research.

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