Happy Tuesday!

The whole world seems to be focused on the current duel between Elon and Zuck right now.

In the meantime, we’ve got some juicy AI advancements. Let’s get into it.

In today’s AI rundown:

• 🔒 Google intentionally limiting Bard AI's capabilities

• 🔥 AI wildfire detection startup expands $17M in funding

• 🤖 Gates-backed venture to unleash robotic geologists

• 🛠️ 5 New AI tools and 3 quick hits

Read time: 3 minutes

LATEST DEVELOPMENTS

GOOGLE

🔒 Google intentionally limiting Bard AI's capabilities

Image source: Fox Business

The Rundown: Google CEO Sundar Pichai says Google is intentionally limiting Bard AI’s capabilities as he warns about the imminent ease of using AI to create deceptive “deepfake” videos of public figures.

Details:

• Current AI models can already generate highly realistic images of public figures, blurring the line between fiction and reality

• Video and audio fabrications are becoming more sophisticated by the day

• Pichai said that Google does not always understand the answers Bard AI currently provides

Why it matters: AI misinformation and scams are already very real and will only worsen as AI continuously advances.

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A snippet and simple no-code config gives users:

• Personalized assistant: hallucination-free, trained on your content

• Natural language command palette: Users can carry out any action with simple prompts

• Smart Nudges: Increase user engagement and encourage upgrades with strategically timed nudges

Create a free account to get started.

PANO AI

🔥 AI wildfire detection startup expands $17M in funding

Image source: Pano AI

The Rundown: Pano AI, an artificial intelligence startup, just raised a $17 million Series A extension to help save lives by detecting the early stages of wildfires.

Details:

• The company mounts high-definition remote-controllable cameras in high-risk areas, with footage monitored by AI

• The AI-powered technology can send firefighters to the scene several hours sooner compared to situations without its systems

• Just last week, the company sent early warnings of the Kutch Road Fire, which broke out near Kutch Mountain in Yamhill County, Oregon

• The extension round was led by Valor Equity Partners, and added a couple of strategic investors too; T-Mobile Ventures and Salesforce.

Our take: This is a prime example of using AI for the greater good of humanity. As the current wildfire crisis in Canada continues to worsen every year, using AI to help with early detection is a huge step in prevention.

GEOLOGICAI

🤖 Gates-backed venture to unleash robotic geologists

Image source: Interesting Engineering

The Rundown: Bill Gates’ Breakthrough Energy Ventures (BEV) has invested $20 million in Calgary-based mining tech startup GeologicAI to build AI-powered robot geologists.

Key points:

• GeologicAI was founded in 2013 to offer “rock analytics for modern mining”

• GeologicAI’s technology can analyze rock samples and identify resources well below the Earth’s surface

• The world is dealing with a mineral supply shortage due to a growing demand for clean energy technologies

• The company's robots will help in the mining of both lithium and cobalt to help enable the clean energy transition

Why it matters: Given that the world will probably soon struggle with a significant mineral supply shortage (due to a growing demand for clean energy), Bill Gates’ funding comes at an ideal time.

TRENDING TOOLS

💰 Danelfin AI provides an AI-powered stock-picking tool with up to a 94% win rate*

📈 Blaze AI unlocks new growth channels with social

🎯 Stellar AI turns priorities into company-wide goals

📹 Momento creates short videos with the help of AI video editing

🌍 SpeakAI helps you learn languages by speaking with AI

🔮 Supertools organizes 100’s of AI tools for you in one spot

QUICK HITS

🧠 Mindvalley AI Summit 2023

Join over 150,000 other participants at the Mindvalley 2023 AI summit to discover real-world applications of AI from innovative CEOs and leading-edge AI experts on July 14th-16th.*

Sign up for free now.

☀️ Introducing AI-based weather-forecasting

Two independent teams of AI engineers have created AI-based weather forecasting systems — Pangu-Weather and NowcastNet — matching the accuracy of existing prediction models.

⚖️ Sarah Silverman sues OpenAI, Meta over AI-training

Sarah Silverman, Christopher Golden, and Richard Kadrey are suing Meta and OpenAI for alleged copyright infringement, claiming their books were used without authorization to train the companies' AI programs.

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Our newsletter is read by thousands of tech professionals, investors, engineers, managers, and business owners around the world. Learn more or get in touch today.

* This is sponsored content

THAT’S A WRAP

If you have anything interesting to share, please reach out to us by sending us a DM on Twitter: @rowancheung & @therundownai

❤️ Rundown review of the day