Midjourney launches new web based editor

Today’s Highlights:

📰 News: Midjourney launches new web based editor 

💰 Funding: AMD acquires AI infrastructure group for ~$5BN to enhance competition w/ NVIDIA

⚡️ Top News Stories:

1. Midjourney has launched a new unified web editor that integrates features like inpainting, outpainting, and other AI-driven image editing tools into a single user-friendly interface.

2. Google is expanding its AI-generated search summaries, known as AI Overviews, to six new countries: Brazil, India, Indonesia, Japan, Mexico, and Britain, in local languages.

3. Grammarly is launching a new tool called "Authorship," designed to detect if text in a document was written by a human, generated by AI, or pasted from an external source by monitoring the entire writing process in real time to identify the origin of text more accurately.

4. Procreate, the popular digital art app used by tons of professionals, takes a firm stance against generative AI, emphasizing that creativity should come from human effort rather than automated processes.  

5. Google Research introduced Health Acoustic Representations (HeAR), an AI model trained on 300M audio data pieces, to detect disease through bioacoustic signals like coughs.

6. Former President Donald Trump posted AI-manipulated images falsely suggesting Taylor Swift endorses him, including one of her as Uncle Sam and another of “Swifties for Trump.”

7. Victor Miller, a librarian and AI enthusiast is running for mayor of Cheyenne, Wyoming, pledging to govern using an AI bot named VIC ("Virtual Integrated Citizen"), arguing that AI would enhance efficiency and transparency in city management by making data-driven decisions without human errors.

8. The Consumer Financial Protection Bureau (CFPB) releases a statement asserting that AI tech in finance must comply with existing consumer protection laws, with no exceptions.

9. South Korean AI chip makers Rebellions Inc. and Sapeon Korea Inc. have agreed to merge, solidifying their position in the competitive global AI chip market as they aim to increase efforts to compete w/ NVIDIA. 

10. SoftBank may shift from Intel to TSMC for AI chip production after Intel failed to meet their requirements for Project Izanagi.

💰 Top Funding News:

1. AMD has agreed to purchase AI infrastructure group ZT Systems in a $4.9Bn cash and stock deal to strengthen its position against Nvidia in the AI market.

2. Caresyntax, which leverages AI to analyze large volumes of real-world data from surgeries, raises a $100M Series C, led by PFM Health Sciences LP, with participation from Optum Ventures, Intel Capital, Lauxera Capital Partners, Vesalius Biocapital III, Arno Capital, Rezayat Investments, IPF Partners, Relyens Group, and Surgical.AI.

3. FLYR, which utilizes AI+Deep Learning to modernize reservation systems for airlines and hospitality businesses, raised a $225M Series D, led by WestCap, with participation from BlackRock, Streamlined Ventures, Abu Dhabi Investment Authority (ADIA), and Avianca.

4. CodeRabbit, which automates code reviews using advanced AI models, raised a $16M Series A, led by CRV w/ Flex Capital and Engineering Capital.

5. Coinbase launches a $15,000 accelerator for projects merging AI with cryptocurrency wallets, enabling AI-driven financial tasks.

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