New Jersey’s $500 Million Bid to Become an AI Epicenter

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1. New Jersey’s $500 Million Bid to Become an AI Epicenter

New Jersey is set to become the US hub for AI innovation, offering up to $500 million in tax credits for AI companies to establish in the state. The tax credits will divert unspent funds from two other state tax credit programs for job creation and real estate development.

Critics argue that the plan could benefit profitable AI companies but also negatively impact the state, as data centers typically require few employees and tax incentives can be costly. The state's homegrown AI provider, CoreWeave, recently raised $1.1 billion and is valued at $19 billion.

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2. Bee AI raises $7M for its wearable AI assistant that learns from your conversations

Bee AI, founded by co-founder and CEO Maria de Lourdes Zollo, aims to create a "cloud phone" for consumers, providing access to accounts and notifications. The device and app can perform various tasks, including reading notifications, writing emails, and receiving shopping suggestions.

Despite concerns about generative AI's reliability, Bee AI is taking a conservative approach, focusing on a few tasks. The company's investors are confident in its team's pedigree and its unique engineering team. Bee AI will be priced at $49 with a $19-per-month subscription.

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3. Las Vegas transit system is nation’s first to plan full deployment of AI surveillance system for weapons

The Regional Transportation Commission of Southern Nevada is set to add a system-wide AI from gun detection software vendor ZeroEyes to its over 400 buses as part of a $33 million multi-year upgrade to fortify its security. The system scans riders on its over 400 buses to identify anyone brandishing a firearm.

The system could give authorities an edge in identifying firearms being brandished, allowing them to get to the scene and save lives. The system is not designed to detect lawful firearms but can help identify a threatening situation.

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4. Video game performers will go on strike over AI concerns

Hollywood's video game performers are set to go on strike, marking the second strike in the entertainment industry. The strike follows a breakdown in talks over a new contract with major game studios over artificial intelligence protections.

The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) claims gains have been made over wages and job safety in the video game contract, but the regulation of generative AI remains a contentious issue.

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5. A New Open-Source, Code-Free Multi-Agent Data Analysis System to Bridge the Gap Between Domain Experts and Advanced AI Models

Researchers from Hong Kong Polytechnic University have developed LAMBDA, an open-source and code-free multi-agent data analysis system, to overcome communication barriers between domain experts and advanced AI models. LAMBDA consists of two agents, a programmer and an inspector, who work together to solve data analysis tasks using natural language.

The system achieves high accuracy rates for classification tasks and the lowest MSE for regression tasks. It also overcomes coding barriers without human involvement, connecting data science with human experts who lack coding skills.

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