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Good morning! It is September 4, 2024, today. We have some exciting updates in the AI world, from Canva's significant price increase to Elon Musk's new supercomputer. Let’s dive into the details.

1. Canva Increases Prices by 300% to Fund New AI Features

Canva has announced a significant price increase for its Teams subscription, raising annual fees by 300% to support new AI-powered tools. The price hike, effective from September, has sparked concerns among small businesses and long-time users who rely on the platform for affordable design solutions. Despite the backlash, Canva justifies the increase by highlighting the enhanced capabilities of its AI features, including the Magic Studio suite.

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2. Elon Musk’s xAI Unveils World’s Most Powerful AI Supercomputer with 100,000 Nvidia GPUs

Elon Musk’s AI startup, xAI, has launched a groundbreaking supercomputer in Memphis, Tennessee, equipped with 100,000 Nvidia H100 GPUs. Dubbed the “Gigafactory of Compute,” this facility aims to power the next generation of xAI’s chatbot, Grok, making it the most powerful AI training cluster globally. Despite its technological advancements, the project has raised concerns over its significant energy and water consumption.

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3. Neko Health, the Body-Scanning AI Health Startup from Spotify’s Daniel Ek, Opens in London

Neko Health, a startup co-founded by Spotify's Daniel Ek, has opened its first clinic in London. The company specializes in AI-powered body scanning technology designed to detect early signs of diseases. Neko Health's system uses advanced imaging and AI algorithms to provide comprehensive health assessments, offering a proactive approach to healthcare. This launch marks a significant step in making preventative health technology more accessible.

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4. Microsoft’s New AI PCs Struggle with Popular Games Due to Compatibility Issues

Microsoft’s new Copilot+ PCs, designed for advanced AI tasks and featuring Qualcomm Snapdragon chips, are facing significant challenges with game compatibility. A recent report reveals that only half of the 1,300 tested PC games ran without issues, with many popular titles like Fortnite and League of Legends experiencing bugs or failing to launch. The incompatibility stems from the Arm-based architecture, which requires a translation layer similar to Apple’s Rosetta 2, but it has proven unreliable for gaming. Microsoft advises gamers seeking high-performance experiences to consider alternative PCs.

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5. Nvidia Shares Plunge, Wiping Out Nearly $300 Billion in Market Cap

Nvidia’s stock experienced a significant drop, falling nearly 10% during regular trading and wiping out approximately $279 billion from its market cap. The decline continued in post-market trading, following news of a Department of Justice antitrust investigation. The probe is examining whether Nvidia’s dominance in AI chips for data centers makes it difficult for customers to switch to other suppliers. This development has raised concerns about potential monopolistic practices.

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6. Intel Launches Lunar Lake Core Ultra 200v

Intel has unveiled its new Core Ultra 200V ‘Lunar Lake’ processors, promising significant improvements in performance, power efficiency, and AI capabilities. The chips feature a hybrid architecture with Lion Cove performance cores and Skymont efficiency cores, along with next-generation Arc graphics. Designed for low-power mobile devices, the Lunar Lake series aims to deliver up to 20.1 hours of battery life, outperforming competitors like Qualcomm and AMD. The processors will be available in nine variants, including the high-end Core Ultra 9.

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Stay tuned for more updates, and have a fantastic day!

Best,

Zephyr