Hollywood received a $200M investment to develop AI-powered CGI tools.

AI news
A lot of money has been funded to AI businesses this week:

● A startup Sets Sail with $5M Funding to Transform Ocean Freight with AI: New York-based startup Ship Angel raised $5 million to automate ocean freight logistics with AI. The funds will expand their platform, offering new AI tools like Contract Amendment Guard and Invoice Audit to enhance efficiency and data accuracy. The venture round was led by Glassing Ventures and Newark Venture Partners. (View article)

● Salesforce Unveils AI Benchmark to Revolutionize CRM Model Evaluation: Salesforce has launched a new AI benchmark to evaluate language models for CRM tasks, focusing on accuracy, cost, speed, and trust. Developed by Salesforce's AI research team, the benchmark ranks models like OpenAI’s GPT-4 Turbo for accuracy and Google’s Gemini Pro 1.5 for trust and safety. The initiative aims to help businesses make informed AI deployment decisions. (View article)

● DNEG Scores $200M to Revolutionize Hollywood VFX with AI-Powered CGI: Hollywood's visual effects leader, DNEG Group, has received a $200 million investment from Abu Dhabi's United Al Saqer Group to develop AI-powered CGI tools. This funding aims to revolutionize visual effects creation, making it faster and more cost-effective. DNEG, known for its work on "Dune: Part Two" and "Oppenheimer," plans to open a new hub in Abu Dhabi to support this initiative. (View article)

● Financial Execs Fear AI Sprint, Turn to Mergers for Quick Tech Boost: A survey by law firm Mayer Brown reveals that 70% of financial business leaders fear being outpaced by AI advancements, with 64% believing their firms need complete digital transformation. The report suggests mergers and acquisitions as a quick fix to bridge the AI technology gap, with geopolitical issues and regulatory developments posing significant challenges. (View article)

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AI tools
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