Apple enters the AI race. Tiktok inches into search.

In just 18 months, all big tech companies have entered the AI race.

Will big tech win the AI race? Apple made its boldest moves in AI to date with several announcements at WWDC this past week: Apple

  • Apple Intelligence, billed as a personal intelligence system for iPhone, iPad and Mac that joins generative models with personal context to drive relevancy

  • its partnership with Open AI

  • Math Notes, a new iPad app that solves handwritten math equations

Its entry to the AI race immediately made waves, sending Apple stock soaring to all-time highs since Nov 2022.

Another big tech company across the world sent ripples through the generative AI community. Kuaishou, a Chinese social media company, teased videos generated by Kling, a video-to-text model that rivals Sora. It can make videos up to two minutes long at 1080p resolution and 30 frames per second, vs. Sora’s one-minute videos.

Big tech has big distribution, and it’s fascinating how quickly they are moving to bring AI into the hands of their customers. For context, chatGPT only launched 18 months ago in November 2022. With the speed that they are moving, there are clear signs that big tech is not in slumber.

Latest News

  1. Mistral raises massive $640M to take on OpenAI, Anthropic in the global genAI race: A year after entering the generative AI race with Europe’s largest-ever seed round of $113 million, Mistral AI is raising more cash — lots more, like, almost 6X that amount. The Paris-based startup today announced it has secured $640 million series B funding in a combination of debt and equity, taking its valuation to nearly $6 billion. The investment has been led by General Catalyst, with contributions from several new and existing investors, including Lightspeed, Andreessen Horowitz, Bpifrance as well as the investment arms of IBM, Samsung, Salesforce, Cisco and Nvidia. Notably, the development marks a 23-fold increase in Mistral’s valuation, which was just $240 million in June 2023.

  2. Luma AI debuts ‘Dream Machine’ for realistic video generation, heating up AI media race: Luma AI, a San Francisco artificial intelligence startup, announced the release of Dream Machine, a powerful new AI system capable of generating high-quality videos from simple text descriptions. The technology opens the door for a wide range of creators and companies to produce original video content at unprecedented speed and scale. Dream Machine allows users to enter a descriptive prompt like “a corgi puppy chasing a ball on a beach at sunset” and in about two minutes generates a realistic five-second video clip matching that scene. T

  1. Stability AI launches its 'most sophisticated' image generator yet: Stability AI is adding to its family of models with its most advanced text-to-image generator yet.  Stability AI launched Stable Diffusion 3 Medium, which the company claims is its "most sophisticated" image generation model. The two-billion-parameter model boasts several upgrades from its predecessors, resulting in higher-quality generations. For example, the new model can overcome typically difficult tasks for image generators, including generating photorealistic images (even of hands and faces) and accurate text without artifacts or spelling errors. It can also adhere to complex prompts and understand spatial relationships. Stable Diffusion 3 Medium is a smaller model, making it a good candidate for running on both individual computing systems and enterprise-tier GPUs. 

  1. TikTok comes for Google as it quietly rolls out image search capabilities in TikTok Shop: After leading the social media landscape, TikTok appears to be interested in challenging Google’s dominance in search. The company confirmed that it’s testing the ability for users to take or upload a photo to find similar products in TikTok Shop. The feature, which was first spotted by X user Jonah Manzano, is available to all users in the United States and Southeast Asia. Users who have access to the new feature will see it in the form of a camera icon in the search bar in TikTok Shop. 

  1. Apple unveils Apple Intelligence, OpenAI partnership at WWDC: Apple unveiled a new generative AI offering called Apple Intelligence during the keynote of its annual Worldwide Developers Conference (WWDC). The company also revealed a much-anticipated partnership with OpenAI. Apple Intelligence is billed as a personal intelligence system for iPhone, iPad and Mac that joins generative models with personal context to drive relevancy. The offering, which promises to simplify everyday tasks and actions across a variety of apps, was introduced alongside a privacy-focused solution called Private Cloud Compute. Apple is also integrating OpenAI’s ChatGPT into experiences within iOS 18, iPadOS 18 and macOS Sequoia, including offerings like its new Writing Tools and Siri. The integration will be powered by OpenAI’s GPT-4o model and become available later this year. 

  1. AI news reader Particle adds publishing partners and $10.9M in new funding: News-reader startup Particle is teaming up with publishers to seek out a new business model for the AI era, where AI summaries of news don’t have to mean lost revenues. The startup, built by former Twitter engineers, offers a news-reading app that helps readers understand all angles of the story by leveraging AI to summarize news from across a range of publishers. Particle announced it has partnered with news organization Reuters to collaborate on new business models. As a start, Particle now subscribes to Reuters newswire to help it deliver information about current events in the news.