Hello everyone! 👋 We’ve got some really interesting updates this week—don’t miss out!

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Latest Funding News

This week, we take a closer look at how AI continues to shape our world. Starting from an AI-generated image of Donald Trump during Hurricane Helene to Equinix’s impressive $15 billion funding for expanding its xScale centers, which shows just how much demand AI is driving. Keep reading for more insights and details!

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Top Trending AI News

1. Donald Trump Flood Photo Proven to Be AI-Generated

Publisher: USA Today

Published: 10/3/2024

AI-generated image falsely shows Trump in flood waters post-Hurricane Helene.

TAKEAWAYS

1️⃣ AI makes fake Trump flood photo.

2️⃣ Experts debunk viral Trump image.

3️⃣ No proof of Trump in flood after Helene.

4️⃣ AI struggles with realistic images.

5️⃣ Fact-checkers expose AI-generated photo.

Read more here

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2. OpenAI Partners With Italian State Lender CDP To Boost AI In Startups

Publisher: Reuters Technology

Published: 10/2/2024

OpenAI and Italy’s CDP partner to boost AI in startups with funding and technology.

TAKEAWAYS

1️⃣ OpenAI and Italy’s CDP boost AI startups.

2️⃣ Italy invests big in AI and cybersecurity.

3️⃣ Meloni and Altman’s AI strategy meeting.

4️⃣ OpenAI raises $6.6 billion, hits high value.

5️⃣ New AI venture aims at global tech lead.

Read more here

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3. AI Images Uncover Hidden Traces Of Humanity In Our World

Publisher: The Guardian

Published: 10/1/2024

Friends play a game like Exquisite Corpse, now solo with AI like Dall-E 3, making art from prompts.

TAKEAWAYS

1️⃣ Party game turns doodles into words and back.

2️⃣ AI turns phrases into detailed images quickly.

3️⃣ Played “Eat Poop You Cat” with AI tools.

4️⃣ Game’s prompts create wild, detailed images.

5️⃣ AI reads and describes images in quirky ways.

Read more here

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4. OpenAI Valued At $157 Billion As Microsoft, Nvidia, SoftBank Join Funding Round

Publisher: CNBC

Published: 10/2/2024

OpenAI secures $157B valuation with $6.6B funding, Microsoft, Nvidia, SoftBank onboard; ramping up AI research & tools.

TAKEAWAYS

1️⃣ OpenAI now valued at $157 billion.

2️⃣ Microsoft, Nvidia join OpenAI funding.

3️⃣ OpenAI’s sales to hit $11.6 billion.

4️⃣ OpenAI sees 250 million users weekly.

5️⃣ OpenAI plans shift to for-profit.

Read more here

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5. Dockworkers Fight Automation: A Lesson for Us All

Publisher: CNN Business

Published: 10/2/2024

US markets see slight gains; dockworkers strike over wages, automation, fearing job losses to robots.

TAKEAWAYS

1️⃣ US markets show slight growth.

2️⃣ Greed is driving market trends.

3️⃣ Dockworkers fight against job automation.

4️⃣ Port strike could disrupt economy.

5️⃣ Automation debate affects various sectors.

Read more here

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6. Nvidia CEO Calls Demand for New Blackwell AI Chip “Insane“

Publisher: CNBC

Published: 10/3/2024

Nvidia’s Blackwell AI chip sees huge demand, set to boost sales with prices ranging $30k-$40k. Shares up 150%.

TAKEAWAYS

1️⃣ Nvidia’s new AI chip sees huge demand.

2️⃣ Blackwell chip costs $30k – $40k.

3️⃣ Nvidia stock up 150% this year.

4️⃣ Nvidia predicts strong Blackwell sales.

5️⃣ Nvidia to boost AI chip performance yearly.

Read more here

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7. Hurricane Helene Closes Quartz Mines Vital to Electronics and Solar Panels

Publisher: Smithsonian Magazine

Published: 10/3/2024

Hurricane Helene hits Spruce Pine, NC, shutting down key quartz mines for electronics and AI, posing global supply risks.

TAKEAWAYS

1️⃣ Hurricane stops world’s main quartz supply.

2️⃣ Storm impacts global tech production.

3️⃣ Small town’s quartz powers big tech.

4️⃣ Nature’s blow to semiconductor industry.

5️⃣ Quartz shortage may hit electronics hard.

Read more here

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8. AI Artist Claims Loss of Millions Due to Art Theft

Publisher: Gizmodo

Published: 10/1/2024

AI artist loses millions as his copyrighted work gets stolen, sparking legal battles over AI copyright issues.

1️⃣ AI artist loses millions to copyright theft.

2️⃣ AI-created art faces legal hurdles.

3️⃣ Artist fights for AI work copyright.

4️⃣ AI art’s value drops without copyright.

5️⃣ Legal battle over AI art authorship.

Read more here

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9. Nationwide Database Expands Beyond Cars Via License Plate Readers

Publisher: Wired

Published: 10/3/2024

LPR technology in the US captures not just license plates but also personal political views and locations, raising privacy and surveillance concerns.

TAKEAWAYS

1️⃣ License plate readers track more than cars, capturing political signs.

2️⃣ Cameras now monitor speech, not just vehicle data.

3️⃣ Surveillance extends to personal political views and homes.

4️⃣ Billions of vehicle sightings stored in a searchable database.

5️⃣ Concerns rise over misuse of political data collection.

Read more here

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10. Newsom Vetoes AI Safety Bill, Sparks Division in Silicon Valley

Publisher: NPR

Published: 9/29/2024

Gov. Newsom vetoes SB1047, the proposed strictest AI safety law in the US, emphasizing innovation over stringent regulation, amid industry opposition.

TAKEAWAYS

1️⃣ Newsom vetoes strict AI law in California.

2️⃣ Veto seen as setback for AI accountability.

3️⃣ Tech firms fought hard against the bill.

4️⃣ Musk and AI pioneers supported the legislation.

5️⃣ Other states pass narrower AI laws.

Read more here

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AI Image of the Week

Prompt: /imagine a 1950s retro diner where robots with a mid-century design are serving milkshakes and burgers, with jukeboxes playing songs selected based on customers’ emotions.

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About Onramp Lab

Onramp Lab was founded by Lawrence Ng in 2015. We are an agile team of 70 full-time professionals in our Los Angeles & Taipei offices.

Over the years, we built out our omnichannel digital marketing expertise, especially in paid search, display, native, paid social, SEO, email, and affiliate marketing across multiple verticals.

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