AI every week: AI is gaining ground in the Latin American entrepreneurial ecosystem
There is still a long way to go before robots turn us into their slaves. For now, large companies are integrating AI into their cloud, specialized companies in the sector in Latin America are growing.
Welcome to our weekly newsletter covering the latest news and trends in the Latin American Artificial Intelligence startups scene.
Dropbox creates a $50 million fund to invest in AI startups
As we told you before (of course, we know you read us daily, right?), Dropbox has announced Dropbox Ventures, a venture capital fund that will not only provide financial resources but also offer guidance to companies in creating AI products that shape the future of work, as stated in a Dropbox press release.
This news aligns with the current trend of organizations investing in and supporting startups exploring generative AI services, as reported by Startups.
Earlier this month, Chinese company Baidu announced a $145 million fund for this purpose shortly after launching its own AI language model, named Ernie Bot.
Additionally, Microsoft decided to invest $10 billion in OpenAI, the creator of ChatGPT, and Google injected nearly $400 million into Anthropic, a North American startup competing with OpenAI. So… if you are working on something about AI, well, there is a lot of rich companies that can pay for your idea.
Vía Contxto
Quick News
Google Cloud rolls out AI-powered AML solution for finance industry. Google Cloud has launched an AI-powered anti-money laundering (AML) offering designed specifically for financial institutions. This solution aims to increase risk detection capabilities and lower operational costs by providing a machine learning-generated customer risk score as an alternative to traditional rules-based transaction alerting. (Contxto)
What can you leverage Einstein GPT from Salesforce for business? Salesforce stated that Einstein GPT ingests, harmonizes, and unifies all customer data for a company. With this generative technology, the company can connect that data to advanced AI models from OpenAI (such as ChatGPT) or choose their own external model, and use natural language prompts directly within their Salesforce CRM platform to generate content that continuously adapts to real-time information and changing needs. (Contxto).
Nuvocargo secures $36.5M in Series B funding round. Nuvocargo, a startup specializing in simplifying cross-border freight operations between the United States and Mexico, raised $36.5 million in a Series B funding round, valuing the startup at over $250M, a 40% increase from its last valuation in December 2021.(Latam List)
The Venezuelan ghost workers who are feeding artificial intelligence. Seven years ago, the economic crisis in Venezuela forced Oskarina Fuentes to become an invisible artificial intelligence (AI) worker. Her role is to “tag” data, to improve the performance of online bots, all in exchange for the minimum amount of money required to survive. (El País).
Altum Lab, the Chilean AI startup, has closed a deal with the World Seed Bank. Through Bruna, its platform specializing in advanced technological services to solve common industrial problems, the company will create a prediction that assesses the probability of seed germination while harnessing the power of artificial intelligence to drive sustainable agriculture and strengthen food security. (Contxto)
AI Education
Professional Certificate in Computer Science for Artificial Intelligence. Harvard University has created this course where you will gain a broad and robust understanding of computer science and programming, learn how to use, graph search algorithms, reinforcement learning, machine learning, artificial intelligence principles, how to design intelligent systems, and how to use AI in Python programs.
Generative AI learning path by Google. This learning path guides you through a curated collection of content on generative AI products and technologies, from the fundamentals of Large Language Models to how to create and deploy generative AI solutions on Google Cloud.
Master in Advanced and Generative Artificial Intelligence. In this course created by MBIT Data School you will learn how to create predictive models of all kinds, classification, segmentation, forecasting... In addition to the fundamentals behind the most modern systems such as chatbots, intelligent assistants, autonomous vehicles, deepfakes and many other current applications that are revolutionizing the business world.
Food for Thought
C3.ai Is Top Performer In AI ETF With 200% Gain; Is AI Stock A Buy Now?
C3.ai (AI) has been a top 2023 performer in Roundhill Generative AI ETF (CHAT). In terms of percentage gains, it came first with a gain of nearly 200% this year.
On Thursday, the enterprise AI play told its investor day attendees that it's seen strong activity in several pilot runs with customers during the current quarter. Is AI stock a buy now?(Fintech Future)
Jobs
Product Owner (AI Data & Localization) @e2f, inc. (expected to work remotely)
Technical Director - AI & Gameplay Systems @TLM Partners (expected to work remotely)
Director Data Science @Signify Technology (expected to work remotely)