📲 Samsung S24 now powered by Google AI features

🎙️ New podcast episode with Casey Fox

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Martin Crowley & Arturo Ferreira
January 18, 2024

🌤️ This Morning on AI Tool Report

  1. 📲 Samsung S24 is now powered by Google AI features

  2. 🤝 AI, Davos & the WEF 2024

  3. 💰 Amazon eyes Asia as $1B innovation fund unfolds

  4. 🗽 New York proposes AI to combat discrimination

  5. 🧐 Google’s new AI-powered lens

Read Time: 5 minutes

FINANCE

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SMARTPHONES

Our Report: Samsung has just revealed that their newest model—The Galaxy S24—will feature Google Gemini-powered AI features, including AI summarization and auto-translate over calls.

🔑 Key Points:

  • The S24 will directly incorporate Gemini Pro (Google’s latest, and most advanced AI model), to enhance Samsung’s Notes, Voice Recorder, and Keyboard apps with features like improved summarization.

  • Furthermore, Gemini Nano (a more compact and efficient model), introduces Magic Compose in Google Messages, and Google’s Imaghen 2 model will provide advanced photo editing capabilities directly into Samsung’s Gallery.

  • The Galaxy S24 is the second Android device, after Google's Pixel 8 Pro, to use Gemini Nano, although Samsung will be among the first to test Gemini Ultra—the most advanced Gemini model.

  • Another feature mentioned by the Samsung team is an auto-translate feature for calls which uses AI to detect foreign languages and translate them to your desired language.

🤨 Why you should care: This is one of the first signs of true AI integration in smartphones, and we expect this to catalyze a new era of smartphone innovation—an industry that has long been stagnant.

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GLOBAL LEGISLATION

  • At the World Economic Forum in Davos, AI was a major topic, with executives exploring its potential. But, despite AI's promise, CEOs are struggling to transition from experimental demos to applications.

  • On that note, ChatGPT has sparked a wave of investment and interest, but its practical enterprise application remains challenging (at least for executives).

  • Amongst hope remain reservations & concerns about false content and regulatory compliance—with many governments and institutions hesitant to fully take on the technology.

  • While some companies see AI as a tool for improving sales or medical note-taking, the overall business impact and revenue generation from AI ventures are still uncertain.

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FOREIGN INVESTMENT

  • Amazon is expanding its $1B Industrial Innovation Fund, which was launched in 2022, and has already invested in startups enhancing logistics, supply chain, and customer fulfillment—now focusing on AI, autonomous vehicles, and Asian markets.

  • Franziska Bossart (the fund's new head) aims to include more mature companies and extend geographically, including heavily across Asia in developing economies.

  • The fund—although initially slow in investments—is now gaining momentum, seeking technologies that streamline Amazon's delivery processes and contribute to its mission of efficiency and customer service.

LEGISLATION

  • The Superintendent of Financial Services has proposed a circular letter for public comment to regulate the use of AI by financial protection companies in New York to prevent AI from perpetuating or amplifying systemic biases and unfair discrimination.

  • The guidance requires companies to analyze AI and external consumer data for discrimination, ensure actuarial validity, maintain oversight and transparency, and implement risk management.

  • This move aligns with NY’s commitment to ethical AI use and Governor Hochul’s policy on AI, underscoring the state's leadership in responsible technology development.

SMARTPHONES

  • Google has enhanced its Google Lens feature by introducing AI-powered overviews for multisearch, which basically allows users to upload a photo or use their camera, and then ask a question about the subject in the image with AI-generated answers.

  • Unlike previous versions that only showed similar images, the new feature provides specific insights based on information sourced from the internet.

  • Additionally, this capability is integrated with Google's new Circle to Search gestures (imagine literally drawing a circle on your phone), facilitating easier and more intuitive searches.

Over the past year, AI Tool Report has worked with Hubspot, Brave Browser, SurfShark, Guidde, Graft & many more—presenting their AI products/services to over 490,000 AI enthusiasts, boasting:

  • A consistent 52% open rate

  • Best-in-class ad performance

  • A growing ecosystem of AI products/services

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Until next time, Martin & Liam.

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