Proton is launching a privacy-focused AI chatbot
Image Source: Verge
• Proton has launched a privacy-focused AI chatbot named Lumo that can perform tasks like summarizing documents, generating code, and writing emails, while ensuring user data is stored locally on devices.
• The chatbot, Lumo, uses "zero-access" encryption to protect user information, aligning with Proton's focus on preserving user privacy.
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OpenAI CEO tells Federal Reserve confab that entire job categories will disappear due to AI
Image Source: Guardian
• OpenAI CEO, Sam Altman, predicts the disappearance of entire job categories due to AI advancements.
• Altman also discusses the potential of AI surpassing doctors in diagnosing illnesses, highlighting AI's growing influence in various sectors.
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Vibe Coding Turned This Swedish AI Unicorn Into The Fastest Growing Software Startup Ever
Image Source: Forbes
• Lovable, a Swedish AI startup, achieved over $100 million in annualized revenue in eight months by utilizing AI to empower non-coders to create websites, apps, and online businesses.
• The company's approach of using AI for Vibe Coding has contributed to its rapid growth and success in the software startup industry.
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Anthelion Plans More AI-Powered CLO and Middle Market Investing
Image Source: Bloomberg
• Anthelion Capital issued its first AI-powered collateralized loan obligation and intends to release approximately five per year.
• The asset manager aims to utilize artificial intelligence research tools for investment selection across various assets and markets.
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Amazon Buys Bee, Maker of $50 Wearable AI Personal Assistant
Image Source: Bloomberg
• Amazon has acquired Bee, a startup known for producing a $50 wearable AI personal assistant device.
• This acquisition signals Amazon's interest in expanding its AI technology offerings through hardware development.
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