🤝 Meta Partners with Reuters

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In today's email

1. 🤝 Meta Partners with Reuters to Supply AI Chatbot with News Content

2. 👩‍🎨 Adobe Integrates AI with Stock Image Library

3. 🔢 By the Numbers

4. 🤯  Quick Takes

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In the Know​

Meta Partners with Reuters to Supply AI Chatbot with News Content

Meta has entered an agreement with Reuters, allowing its AI chatbot to incorporate Reuters' news content for more informed responses to news-related questions. This partnership marks a shift in Meta's approach to AI-driven information, integrating a reputable news source into its responses on popular platforms like Facebook, Instagram, and WhatsApp.

Key Points:

• Meta’s partnership with Reuters is described as a "multi-year deal" which provides Reuters with compensation for its content usage.

• With this agreement, Meta’s AI can offer responses that include news summaries and links to Reuters articles, focusing on creating a more reliable experience for users interested in current events.

• While Reuters has confirmed the partnership, specific financial terms remain confidential.

• This partnership aligns with similar licensing deals that media outlets like The Atlantic and Wall Street Journal have signed with other AI companies. However, tensions remain, as seen with The New York Times’ legal battle against AI companies over copyright concerns.

Although Meta’s stance on news content remains complex, particularly in regions like Canada, this partnership with Reuters underscores a shift toward providing fact-based information while navigating the global challenges of content licensing laws.

💡 Did You Know?

AI technology helped decode ancient Egyptian hieroglyphs by comparing the symbols on the Rosetta Stone to known languages.

Adobe Integrates AI with Stock Image Library

Adobe has introduced new AI-powered tools that allow customers to create modified images using Adobe’s stock image library while compensating the original image creators. Facing competition from emerging firms like OpenAI, Adobe aims to enhance its software lineup, including Photoshop, with legally sound, commercially viable AI tools. These tools let users start with stock images and make AI-driven adjustments to suit their needs. According to Adobe’s VP of Strategy, Matthew Smith, these AI tools are meant to enhance, not replace, traditional stock imagery, offering creatives more opportunities to earn while solving the “blank canvas” challenge for users.

By the Numbers

AI is booming, here’s a look at the latest stats to keep you up to date:

• The global AI market is valued at over $196 billion.

• The industry is projected to increase by over 13x in the next six years.

• The US AI market is forecast to reach $299.64 billion by 2026.

• AI adoption is expanding rapidly, with a CAGR of 38.1% projected between 2022 and 2030.

• By 2025, the AI field is expected to employ as many as 97 million people.

View more stats here.

Quick Takes

• Tessl Enters AI-Powered Coding Arena with $750M Valuation: Tessl, a new AI-driven software platform founded by former Snyk CEO Guy Podjarny, aims to simplify and automate code creation and maintenance, targeting both developers and non-coders. Backed by Index Ventures, Accel, and GV, Tessl has raised $125 million in early funding and expects to launch next year, offering a tool that integrates with other AI coding assistants to address complex code interoperability issues.

• Google Launches Gemini AI App on iOS: Google has launched a dedicated app for its AI assistant, Gemini, on iOS globally, offering users the ability to interact with the technology through text prompts in 35 languages and a new Gemini Live feature for real-time conversations in 12 languages. The app also allows users to generate images, access information from other Google accounts, and marks the first step towards potential future integration with Apple’s AI tools.

That’s all for Today!

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