Dear industry leader, here’s your 3-minute recap (without the fluff):
OpenAI strategically shifts EU data control to Ireland
IDC forecasts a staggering $1 trillion surge in global productivity by 2026
Intel launched Articul8 AI, an independent company dedicated to advancing gen AI tools
New tools, funding updates & job postings
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OpenAI is moving its data controller for European users from its US entity to a new subsidiary called OpenAI Ireland Limited, located in Dublin.
This is likely an attempt to gain "main establishment" status under the EU's GDPR, which would allow OpenAI to face privacy oversight primarily from Ireland's data protection authority.
International Data Corporation (IDC) predicts that the use of generative AI (GenAI) to develop skills and drive productivity gains will result in $1 trillion in increased productivity worldwide by 2026.
Over 50% of organizations surveyed by IDC are focusing GenAI efforts on improving productivity in functions like sales, IT, and finance. However, IDC expects the focus to shift to using GenAI to enable revenue growth over the next 3-5 years.
Intel is spinning out its AI software division into a new independent company called Articul8 AI. Articul8 AI will be backed by investments from DigitalBridge Group and other investors including Fin Capital and Mindset Ventures.
The new company will focus on developing generative AI tools that can read text and images while addressing customer concerns around data privacy, and security.
A medical institution wants to implement AI for analyzing patient data and improving diagnosis accuracy. What is the biggest ethical concern to address with this application? |
💰 FundingRobin AI secures $26M in Series B funding for its AI-powered legal copilot (link) Tameed secures $15M in Series A funding led by Alromaih Group to develop its crowdfunding platform (link) | 💼 Job BoardDirector of Sales Engineering at OctoML (Remote) Senior Sales Engineer at OctoML (Remote) |
Write an acceptance letter to a job offer extended for the position of [insert position] in [company]. Make it simple, and concise.
Company = [Insert here]
Job Role = [Insert here]
That’s all.
Stay curious, leaders!
- Mr. Prompts
PS. If you missed yesterday’s issue, you can find it here.
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