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Luxury Real Estate Shifts, CIA's Generative AI and Elon Musk Going After xAI

Anna's Daybreak News

Tuesday, 5:24 AM

May 28, 2024

Good morning news friend! Explore the dynamic realm of global news, staying connected to the constantly shifting tides of world events. 📰🌟

Elon Musk’s xAI Going After OpenAI

Elon Musk’s AI startup, xAI, secured $6 billion in Series B funding. This investment pushes xAI's valuation to $24 billion.

Backers include Andreessen Horowitz, Sequoia Capital, and Prince Alwaleed Bin Talal.

With the new funds, xAI will launch its first products, build advanced infrastructure, and speed up research and development.

Musk formerly supported OpenAI. Now, he aims to compete against it because he doesn't trust the future of AI in the hands of Microsoft, Google or OpenAI.

Source: Read More
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How the CIA is Using Generative AI

U.S. intelligence agencies are adopting generative AI to manage data growth and enhance surveillance.

Early successes include Sable Spear, which outperformed human analysis in tracking Chinese fentanyl traffickers. Anshu Roy's company, Rhombus Power, used AI to predict Russia’s invasion of Ukraine with 80% certainty.

Nand Mulchandani, CIA’s chief technology officer, warns that these AI models are not fully dependable yet. AI models can be biased and are vulnerable to security breaches.

Despite this, the CIA developed Osiris, a generative AI for open-source data, streamlining analysts' work.

Source: Read More

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Deadly Storms Sweep Across the South

Over Memorial Day weekend, severe storms ravaged Texas, Oklahoma, Arkansas, and Kentucky. The death toll has risen to 21, with hundreds more injured.

The storms destroyed many homes and businesses, leaving over 212,000 without power. Kentucky's Governor Andy Beshear declared a state of emergency.

The storms extended to Tennessee, Missouri, Virginia, and West Virginia.

April saw over 300 tornadoes, the second-highest for the month on record.

Source: Read More
Luxury Real Estate Booming in Asia

Luxury home prices in some Asian cities are rising sharply. This contrasts with declines in established markets like New York and London.

New York and London saw prime property prices drop over 2% in the first quarter compared to last year. Hong Kong, Frankfurt, and Berlin also experienced declines.

However, in Manila, Tokyo, and Mumbai, luxury home prices surged. Manila saw a 27% increase, Tokyo 13%, and Mumbai 12%.

Prime properties are the top 5% of the market.

Source: Read More
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Baked with love,

Anna Eisenberg ❤️

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