In Today’s Edition

• How SciSpace Has Become The ChatGPT For Researchers & Academicians

• Mynd Raises $30M in Financing

• Microsoft goes beyond OpenAI, makes Meta's new A.I. model available to Azure customers

• How Netflix can end the Hollywood strike in a way Disney, Paramount can't afford

• Teaching Robots to Teach Other Robots

• Fed set to launch long-awaited instant payments service, modernizing system

🚀Startups Nuts

How SciSpace Has Become The ChatGPT For Researchers & Academicians

Saikiran Chandha and Shanu Kumar are using the power of generative AI to automate the task of decoding and understanding research papers for the scientific research community. With its tool, Copilot, SciSpace not only provides academicians and researchers relevant links to research papers but also summarises them to save time and effort. The startup claims to have 4,00,000 active researchers on its platform and does not charge a single penny from its users currently, as it wants to solidify its data repository.

Mynd Raises $30M in Financing

Mynd, an Oakland, CA-based real estate investing company, raised $30m in financing. Mynd provides an online platform that assists investors with finding and managing single-family rentals (SFR) in and from any location within the U.S. The company has $3.5 billion+ in assets under management across Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Oregon, Tennessee, Texas, and Washington. The company intends to use the capital to expand operations, and advance its technology platform.

🏭Business Nuts

Microsoft goes beyond OpenAI, makes Meta's new A.I. model available to Azure customers

Microsoft is making Meta's Llama 2 model available on its Azure cloud computing service. Meta said in a blog post that Microsoft is its preferred partner for Llama 2. The partnership will give developers more choice in the models they build on. Meta says that it is not focused on monetization for Llama 2. Llama 2 will also be available through Amazon web services and Hugging Face.

How Netflix can end the Hollywood strike in a way Disney, Paramount can't afford

Netflix is in better financial shape than its industry rivals and can make better deals. It will likely not be affected by ongoing strikes in Hollywood by writers and actors. Netflix could force a settlement to the strikes before its rivals get back to business. Wall Street analysts estimate that Netflix will be earning up to $9.5 billion annually by 2025

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📱Tech Nuts

ChatGPT can now remember who you are and what you want

ChatGPT's new custom instructions feature lets users tell the chatbot things it should always know about them and how to answer questions. It is designed to make ChatGPT quicker and more helpful as a virtual assistant. Custom Instructions is available now for ChatGPT Plus subscribers everywhere but the UK and EU on an opt-in basis. The feature is still in beta. It works everywhere that ChatGPT does.

Teaching Robots to Teach Other Robots

Lifelong Learning (LL) is a growing area of machine learning research in which AI agents continually learn as they encounter new tasks while retaining knowledge of previous tasks. A team of LL researchers recently discovered that AI agents can quickly learn a wide range of tasks by sharing knowledge with each other at the same time. Their system has many similarities with the concept of crowdsourcing. The researchers believe that their technique could transform any field that requires vast, diverse knowledge or dealing with complex systems.

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🎁Miscellaneous

Fed set to launch long-awaited instant payments service, modernizing system

The US Federal Reserve is set to launch FedNow, a service that will allow US citizens to send and receive funds in seconds. FedNow has been in the works since 2019. It will launch with 41 banks and 15 service providers, with more banks and credit unions to be onboarded later this year. FedNow payments will settle directly in central bank accounts. There will be no fees from FedNow to use the service. FedNow has a maximum payment limit of $500,000, but banks can choose to lower that cap if required.

💡What else are we reading and seeing?

• The AI wars might have an armistice deal sooner than expected

• Blackstone wins private equity’s race to $1 trillion

• Twitter Threat is Meta Thread – Full Explained

• How corporate VC is a double-edged sword

• How to invest in infrastructure, according to manager of $40B fund

• How TV writing became a dead-end job

• Amazon will ditch plastic-padded mailers

• Teens are using TikTok to self-diagnose themselves

😎Fun Fact

The fingerprints of a koala are so similar to human fingerprints that they have been mistaken at crime scenes.

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