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In this week's newsletter, Discover Apple's plans for the next-generation Apple Watch, featuring a new chip and upgraded display. Plus, dive into an exclusive interview with Canva's CEO Melanie Perkins, where she discusses groundbreaking AI innovations and how Canva is positioning itself against Adobe.

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In today’s issue:

• Apple Prepares Upgraded Apple Watch with New Chip and Display

• Canva's CEO on AI Innovations and Competition with Adobe

• Apple Elevates AI Privacy with New Initiatives

• Hebbia AI Search Funding

• Conversing Voice AIs

• AI Threatens Pro Gamers

• Exploitation of Data Workers

• Tembo's Expansion Funding

Today’s must read

Apple Prepares Upgraded Apple Watch with New Chip and Display

TL;DR: Apple is reportedly developing a new Apple Watch with upgraded chips and display enhancements, set to debut in spring 2024.

Summary: Apple is working on a new series of Apple Watches, featuring improved chips and display upgrades. The upcoming models include the entry-level SE, two midrange editions, and a refreshed Apple Watch Ultra. Key upgrades involve a new S8 chip with enhanced AI capabilities and potential new health sensors like blood pressure and sleep apnea detection.

Highlights:

• New S8 chip with advanced AI processing.

• Larger displays for midrange models.

• Potential new health sensors under development.

Why it matters:

• Reflects Apple's ongoing innovation in wearable technology.

• Enhances the health monitoring capabilities of Apple Watch.

• Positions Apple Watch competitively against other high-end smartwatches.

Bottom line: Apple's forthcoming Apple Watch models aim to deliver significant improvements in performance and health features, reinforcing its leadership in the smartwatch market.

_{Source: siliconangle}

News from the giants

Canva's CEO on AI Innovations and Competition with Adobe

TL;DR: Canva CEO Melanie Perkins discusses the company's new AI tools and their strategy to compete with Adobe in a recent podcast interview.

Summary: In a recent podcast, Canva CEO Melanie Perkins highlighted the company's latest AI-powered tools, aiming to simplify design processes and challenge Adobe's dominance. Canva's new suite, Magic Studio, offers features like converting presentations into summaries and creating videos from text. Perkins emphasized Canva's mission to empower non-professional designers and outlined the company's rapid growth, with 150 million users and significant revenue milestones​ (NDTV Profit)​​ (The Silicon Valley Podcast)​.

Highlights:

• Canva's Magic Studio features include text-to-photo and video creation.

• Canva's user base grew by 20% since March, reaching 150 million.

• The company aims to democratize design for non-professionals.

Why it matters:

• Shows Canva's commitment to innovation and user-friendly design.

• Highlights the competitive landscape with Adobe.

• Reflects the growing role of AI in creative industries.

Bottom line: Canva continues to innovate with AI tools designed to make design accessible to everyone, positioning itself as a strong competitor to Adobe.

_{Source: theverge}

Privacy

Apple Elevates AI Privacy with New Initiatives

TL;DR: Apple introduces Privacy Cloud Compute and Apple Intelligence, enhancing AI capabilities while prioritizing user data privacy.

Summary: Apple has announced its Privacy Cloud Compute (PCC) initiative, aimed at integrating advanced AI capabilities into its devices, including iPhones, iPads, and MacOS. This initiative emphasizes strong privacy measures such as end-to-end encryption and ephemeral data processing, ensuring user data remains inaccessible to unauthorized parties, including Apple itself. The AI enhancements will roll out through a partnership with OpenAI.

Highlights:

• Introduction of Privacy Cloud Compute.

• Integration of AI across Apple devices.

• Strong focus on data privacy with encryption.

Why it matters:

• Balances AI advancements with stringent privacy measures.

• Enhances user trust in AI applications.

• Sets a new standard for privacy in tech.

Bottom line: Apple's new AI and privacy initiatives demonstrate its commitment to advancing technology without compromising user data security​.

_{Source: accelerationeconomy}

Prompt of today

Prompts:

A stunning realistic high-definition wallpaper featuring Gullfoss, one of Iceland's most famous waterfalls, with powerful cascades of water plunging into a rugged canyon. The scene captures the raw energy and majestic beauty of the waterfall, set against a backdrop of a clear blue sky. The foreground includes detailed textures of the rocky terrain and mist rising from the falls, enhancing the depth and realism. --v 6.0 --ar 9:16

Tools showcase

• ✅ muse.ai: Your AI video companion.

• ✅ Listmyai: AI innovation hub.

• ✅ Heidi: AI Scribe to Save Clinicians Days.

• ✅ Height: Height is a comprehensive project management tool that helps teams collaborate and stay organized.

• ✅ MacroMicro: Empowering analysis through dynamic economic and financial charts.

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AI around the world

• Hebbia AI Search Funding: Hebbia secures $130M to enhance its AI-powered search platform.

• Conversing Voice AIs: Experimenting with two voice AIs talking to each other led to unsettling and bizarre interactions.

• AI Threatens Pro Gamers: AI advancements are poised to disrupt the professional gaming industry, potentially replacing human gamers with AI competitors.

• Exploitation of Data Workers: A DAIR report highlights how tech industry practices exploit data workers, calling for better labor protections.

• Tembo's Expansion Funding: Database startup Tembo secures new funding to expand its services and enhance its database solutions.

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