IBM has unveiled its open-source Granite 3.0 models on the watsonx AI platform, aimed at improving enterprise decision-making and natural language understanding. These models, under the Apache 2.0 license, rival top competitors in accuracy and cost-effectiveness, with IBM investing $2 billion in generative AI to enhance business workflows and ethical AI usage.

Alcon Entertainment is suing Tesla, Elon Musk, and Warner Bros. Discovery for copyright infringement over AI-generated images from 'Blade Runner 2049' used in the Cybercab launch. Alcon, troubled by Musk's political views, claims they denied Tesla's request to use the imagery, raising significant legal questions on intellectual property and Musk's marketing strategies.

Nicolas Cage, at 60, received the 'Icon Award' at the Newport Beach Film Festival, voicing concerns about AI's impact on the film industry. He warned that AI, specifically Employment-Based Digital Replicas (EBDRs), could strip actors of their authentic performances and urged young performers to protect their artistic integrity by rejecting contracts that permit such technology.

ByteDance has terminated an intern for allegedly tampering with its AI model training, stating no significant damage occurred. The company reported the incident to the intern's university and industry associations, denying claims of over $10 million in damages.

On October 21, 2024, Honeywell announced a strategic partnership with Google to integrate advanced AI technology with industrial data to optimize processes and empower the workforce. This collaboration, leveraging Google Cloud's Vertex AI, aims to enhance productivity, reduce maintenance costs, and improve cybersecurity for industrial customers, with solutions expected in 2025.

At Adobe MAX 2024 in Miami, Adobe unveiled major generative AI upgrades for Premiere Pro, Photoshop, and Illustrator, enhancing creative workflows with AI-powered editing features. Highlights include the commercial debut of Firefly's generative video capabilities and the launch of the Content Authenticity web app, aiming to boost transparency in AI use.

On October 21, 2024, GE HealthCare launched its AI Innovation Lab to advance early-stage AI projects for transforming healthcare. With a focus on key AI tools, including predictive models for cancer and maternal care, the lab aims to enhance diagnostics, reduce administrative burdens, and improve clinical decision-making.

IBM has unveiled an enhanced AI-powered platform, IBM Consulting Advantage, to integrate human expertise with advanced software, addressing the rising demand for innovative consulting solutions. With plans to onboard 50 clients by year-end, the platform aims to improve consultant efficiency and client outcomes while leveraging advanced AI models like Granite 3.0.

Northern Data Group, majority-owned by Tether, is considering selling its Bitcoin mining business, Peak Mining, to focus on AI advancements. The move reflects a strategic shift as mining revenues dwindle, aiming to lead in AI innovation and infrastructure.

Generative AI platforms like ChatGPT are revolutionizing education, prompting educators to rethink teaching strategies and invest heavily in AI-driven curricula. By 2025, universities are expected to invest up to $20 million in AI, aiming to blend human insight with AI capabilities for personalized learning and improved student outcomes.

MIT researchers unveil SymGen, a tool that enhances the accuracy of large language model (LLM) responses by integrating direct citations to source documents. This innovation aims to boost user confidence and cut verification time by 20%, simplifying the validation of generative AI outputs.

Global smartphone shipments surged 12% in Q2 2024, with Samsung and Apple leading the market. Honor is set to launch the Magic 7, featuring the AI assistant Yoyo and Qualcomm’s Snapdragon 8 Elite chipset, aiming to revolutionize user experiences.

ITV's job ad for a 'Head of Generative AI Innovation' has ignited backlash over fears of sidelining human creativity in media production. Industry professionals argue AI content could undermine storytelling quality and ethical standards, despite ITV's claims that human creativity remains central.

Apple has unveiled its iPhone 16 lineup, featuring models from the iPhone 16 to the 16 Pro Max, emphasizing durability and camera enhancements. Despite lagging in AI development, the company leverages its strong brand to roll out significant new features, with future models rumored to include a 120Hz refresh rate and under-display Face ID.

Perplexity AI, founded just two years ago, is seeking $500 million in its fourth funding round to elevate its valuation to $8 billion, driven by rapid growth and increasing market relevance. The AI-powered search engine, which handles 15 million queries daily and projects $50 million in annual revenue, is navigating legal challenges while expanding its features and market presence.

The AI market is booming, driven by data availability, machine learning advancements, and automation demand, with global spending projected to exceed USD 500 billion by 2030. Despite challenges like data privacy and talent shortages, AI is revolutionizing industries from finance to education, promising transformative impacts and rising salaries for skilled professionals.

Meta AI is developing a Memory feature for WhatsApp to deliver personalized responses by storing and managing user-specific data. While promising enhanced user experiences, this feature raises privacy concerns and currently lacks a release timeline.

Midjourney is launching an upgraded web-based image editing tool next week, enabling users to retexture and modify online images with text descriptions. CEO David Holtz assures enhanced human and AI moderation to curb misuse, amid concerns over deepfakes and copyright issues, especially during the US election cycle.

Recent research reveals that Large Language Models (LLMs) can engage in probabilistic reasoning, with performance improving significantly when given contextual information and examples. However, Apple researchers argue that LLMs still fall short in critical reasoning tasks, indicating the need for further AI development to achieve human-like intelligence.