Apple unveils Apple Intelligence and Mistral AI raises $640 Million in Funding 🍏

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We’re back with another informative, brain busting edition of Product Scoop - the newsletter delivering insights, news, analysis, and an inside view into the world of tech. Before we dive into it, a few words from our sponsor below👇

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Without further ado, here’s your scoop below👇

🍏 Apple unveils Apple Intelligence and partnership with OpenAI

• At WWDC 2024, Apple introduced "Apple Intelligence," a generative AI feature integrated into iOS, macOS, and visionOS. Emphasizing safety and personalization, this AI enhances Siri with typed queries and deeper app integration. Apple Intelligence, available on iPhone 15 Pro and M1 devices, includes advanced features like custom emojis and multitasking aids, with privacy-focused local processing. A partnership with OpenAI brings ChatGPT 4.0 to Siri, boosting its capabilities with advanced image and text generation. Read more

💰Mistral AI raises $640 Million in Series B Funding

• Paris-based AI startup Mistral AI has raised $640 million in its Series B funding round led by General Catalyst, boosting its valuation to $6 billion. Co-founded by former Google DeepMind and Meta employees, Mistral AI aims to compete with AI giants like OpenAI and Anthropic by developing advanced foundational models. The funding will support the expansion of Mistral's proprietary models and paid API products. Notable investors include Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, and Microsoft. Mistral AI’s CEO, Arthur Mensch, emphasized the company's commitment to pushing AI frontiers while maintaining independence. Read more

🚗 Tesla is one step closer to full self driving in China

• Tesla is closer to launching its full self-driving (FSD) technology in China after securing a deal with Baidu to upgrade its mapping software. Baidu will provide lane-level navigation, enhancing Tesla's safety and accuracy by offering detailed lane recommendations. This partnership addresses a key regulatory hurdle for Tesla, as Chinese regulations require mapping qualifications for self-driving systems. Baidu's advanced mapping services, previously limited to road-level information, now enable Tesla's vehicles to gather comprehensive data, aiding both local deployment and global development of Tesla's autonomous technology. Read more

🤝 Apple announces plans to partner up with Google in the future

• At WWDC 2024, Apple announced future plans to integrate Google’s Gemini model into its ecosystem, enhancing its AI capabilities alongside OpenAI's ChatGPT. SVP Craig Federighi highlighted the company's commitment to expanding third-party AI integrations, starting with ChatGPT later this year. Users will interact with ChatGPT via Siri without needing additional accounts, maintaining privacy and control over shared data. This move underscores Apple's strategy to blend external AI advancements with its in-house models for a richer user experience. Read more