ODSC’s AI Weekly Recap: Week of May 31st

4 min readMay 31, 2024

Every week, the ODSC team researches the latest advancements in AI. We review a selection of the most impactful research, trending open-source projects, and significant startup investments. We carefully curate and share a selection of the most impactful developments, bringing you the insights that matter most to the AI and data science community.

Open Data Science Blog Recap

EU Watchdog Warns Financial Institutions to Take Full Responsibly when using AI (Source)
AI Tools Fueling Online Influence Operations, Reports OpenAI (Source)
Palantir Secures $480 Million DOD Deal for AI-Powered Maven Smart System Prototype (Source)
FCC Proposes AI Disclosure Regulation for Political Ads, Sparking Debate (Source)
Top Tech CEOs and Leaders Meet in Madrid for Secretive Bilderberg Meeting (Source)
4 Major AI Updates from Google I/O 2024 (Source)

AI News Highlights

Salesforce sinks on weak outlook sparking AI concerns
US Is Reining In AI Chip Sales to Middle East by Nvidia, AMD
OpenAI has stopped five attempts to misuse its AI for ‘deceptive activity’
Artificial intelligence decodes whale ‘alphabet’
Big Tech develops AI networking standards but without chip leader Nvidia
Gavin Newsom warns against the perils of over-regulating AI
AI startup Wallaroo tapped to help Space Force operationalize machine learning
Sony Will Use AI to Cut Film Costs, Says CEO Tony Vinciquerra
Amazon introduces AI-powered search for Fire TV devices. Here’s how to use it.
AI data center demand poised to juice U.S. power needs
Holistic AI Is Now H, a New French Startup With $220 Million Out of the Gate
Hollywood Nightmare? New Streaming Service Lets Viewers Create Their Own Shows Using AI
EU launches office to implement AI Act and foster innovation

New Trending Open Source Projects

fabric is an open-source framework for augmenting humans using AI. It provides a modular framework for solving specific problems using a crowdsourced set of AI prompts that can be used anywhere.
Llama FS is a self-organizing file system with llama 3
LLMC makes LLM training in simple, raw C/CUDA
Corinna AI is an Ai Chatbot that acts like a sales rep
Prefect is a workflow orchestration tool empowering developers to build, observe, and react to data pipelines
Ragapp is the easiest way to use Agentic RAG in any enterprise
Dify is an open-source LLM app development platform. Dify’s intuitive interface combines AI workflow, RAG pipeline, agent capabilities, model management, observability features and more, letting you quickly go from prototype to production
FinRobot: An Open-Source AI Agent Platform for Financial Applications using LLMs

New Trending Research From Around The Globe

LLMs Meet Multimodal Generation and Editing: A Survey — Paper
EasyAnimate: A High-Performance Long Video Generation Method based on Transformer Architecture — Paper
Learning to Continually Learn with the Bayesian Principle — Paper
ReChorus2.0: A Modular and Task-Flexible Recommendation Library — Paper
ViG: Linear-complexity Visual Sequence Learning with Gated Linear Attention — Paper
Hardware-Aware Parallel Prompt Decoding for Memory-Efficient Acceleration of LLM Inference — Paper
Color Shift Estimation-and-Correction for Image Enhancement — Paper
DiG: Scalable and Efficient Diffusion Models with Gated Linear Attention — Paper
Instruct-ReID++: Towards Universal Purpose Instruction-Guided Person Re-identification — Paper
Universal and Extensible Language-Vision Models for Organ Segmentation and Tumor Detection from Abdominal Computed Tomography — Paper
Online Analytic Exemplar-Free Continual Learning with Large Models for Imbalanced Autonomous Driving Task — Paper

Start-Up Funding News

California-based xAI, an AI company that develops a platform to accelerate human scientific discovery, raised over $6.1B in Series B
London-based FintechOS, a fintech company that provides retail banking overview, personal lending, mortgage automation, and general insurance, raised over $151M in Series B
Beijing-based PhiGent Robotics, a provider of autonomous driving solutions, raised over $74M in Series B
Tel Aviv-based Orca AI, an Artificial Intelligence company that develops a boat collision avoidance system for the maritime industry, raised over $36M in Series Funding
Montreal-based Maxa AI, provider of automated machine intelligence technology solutions, raised over $23M in Series A
Boston-based Maven AGI, a Generative AI platform to reimagine customer experience starting with support, raised $28M in Series A

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