Elon puts his life in AI's hands

PLUS: Alibaba's new image-reading AI models

Welcome, AI enthusiasts.

Elon Musk cruising around Palo Alto might not normally make headlines.

But when the new Tesla update is entirely powered by AI

In todays rundown:

  •  Musk demos Tesla's AI-only self-driving tech

  • Alibaba makes AI leap with image reading models

  • 儭 7 new AI tools

  •  Create personalized gifts with AI

  • 3 quick AI updates

Read time: 3 minutes

LATEST DEVELOPMENTS

TESLA

Image source: Elon Musk on X

The Rundown: Elon Musk live-streamed a demo for Tesla's latest "Full Self-Driving" software on Saturday which relies entirely on AI with no hand-coded rules.

Details:

  • Neural networks trained on large volumes of driving data power the AI, which was able to effortlessly handle turns, speed adjustments, and obstacles during the joyride around Palo Alto, CA.

  • The system navigated construction zones, bicyclists, and roundabouts it had never seen before with Musk taking control just once when the car wrongly tried entering a busy intersection.

  • FSD V12 marks a major shift from earlier versions which relied on programming logic and code, and is being tested by employees globally to improve through more real-world AI training data.

Relevance: Though imperfections remain, Musk's demo highlights rapid advances in AI capabilities and shows that autonomous driving is another sector ready to be supercharged by artificial intelligence.

TOGETHER WITH INNOVATING WITH AI

The Rundown: Do you have a game-changing AI product, but dont know how to market it? Innovating with AI has the answers.

In this free AI product marketing crash course, Rob Howard (a 20-year tech startup veteran) will show you how to:

  • Define your audience

  • Find AI trendsetters where theyre the most engaged and ready to buy

  • Build an audience that wants to hear from you regularly

  • Avoid the common pitfalls of overspending on ads that dont bring in long-term customers

ALIBABA

Image source: Alibaba

The Rundown: Chinese tech giant Alibaba unveiled two new open-source AI models on Friday that can understand images and have more complex conversations, representing a big advance for China's tech sector.

Key points:

  • The two releases, Qwen-VL and Qwen-VL Chat are vision language models that read images rather than text (unlike ChatGPT and Bard).

  • Qwen-VL can generate captions for images and answer open-ended visual queries.

  • Qwen-VL Chat can compare multiple images and sustain dialogues.

  • The models come on the heels of Chinas first AI regulations greenlighting releases and continue the intensifying US-China rivalry brewing over future AI dominance.

Why it matters: With its ambitious AI push, China is signaling it won't cede tech leadership. While the US has plenty of competition in-house, dont count out major players like Alibaba as the global AI field continues to grow stronger.

TRENDING TOOLS

 Spikes- Extract captivating shorts from videos. Automatically get a title, hashtags, auto-captions, AI styling and more. Grow effortlessly! (link)*

 Transcript LOL- Transcribe and summarize meetings quickly (link)

 Pipio- Personalized videos with AI avatars (link)

Browse- Train a robot in 2 minutes to extract and monitor data from any website (link)

Magic Studio- Create amazing product photos in minutes (link)

Mixo- Launch a startup in seconds with AI (link)

Mubert- Soundtrack for your content made by AI (link)

Browse the most popular tools ever featured with our tool database.

* = This is sponsored content

Important reminder

Our August Giveaway (win a free M2 MacBook Air) ends this Friday. Keep an eye out and click the star emoji hidden somewhere in todays email for a free entry!

Additionally, youll get another free entry for every subscriber who joins our newsletter using your unique referral link: https://www.therundown.ai/subscribe?ref=PLACEHOLDER

Track how many referrals youve made here. Happy hunting!

AI TRAINING

Need a new gift idea? Surprise loved ones with an AI-generated work of art that's completely unique to them.

Utilizing platforms like Midjourney can enable you to turn treasured memories and inside jokes into your own digital masterpieces.

Example Prompt: "Generate a stylized digital painting depicting [describe a special memory or moment]. Use a vivid, whimsical art style with vibrant colors."

Customize prompts with descriptors like details about the recipient, important settings, activities, or nostalgic references. Generate variations until you get an image you love then use the vary (region) in-painting feature to get even more specific.

Then print and frame it for a heartfelt, one-of-a-kind AI-generated gift made just for them.

QUICK HITS

California firefighters are training AI to scan live feeds for early signs of smoke and rapidly detect emerging wildfires. Though still in the early stages, the AI pilot has improved response times, catching some fires before 911 calls.

AI startup Ideogram just launched with $16.5M in funding, aiming to outshine Midjourney and Dall-E 2 by reliably generating text and typography within images. Its web app opened in beta this week, showing impressive lettering capabilities but the overall image quality is reportedly inconsistent, and core features like zooming are still a bit lacking.

Spain just announced the establishment of an agency to oversee artificial intelligence, becoming one of the first EU countries with a national AI regulator. The AESIA aligns with Spain's goals to be a world leader in ethical AI and comes ahead of the AI Act, which mandates agencies for all countries in the EU.

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THATS A WRAP

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

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