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Singapore Invests $74.3M to Boost Quantum and AI in Finance
Plus: Your Cheat Sheet to Understanding AI
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In Today’s issue:
🛠️ Microsoft Launches Tool to Fix CrowdStrike-Related Windows Issues
💰 Singapore Invests $74.3M to Boost Quantum and AI in Finance
🔍 Nvidia Readies AI Chip for the Chinese Market
🧠 Your Cheat Sheet to Understanding AI
⚒️ Amazing AI tools
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🔥 What’s Hot in AI News:
Microsoft releases recovery tool to help repair Windows machines hit by CrowdStrike issue
Microsoft has released a recovery tool to help IT administrators fix Windows machines impacted by a faulty CrowdStrike update that crashed 8.5 million devices. The tool creates a bootable USB drive to automatically delete the problematic file, simplifying the recovery process without needing Safe Mode or admin rights. It includes options for PXE boot and Safe Mode access for BitLocker-protected devices and provides separate recovery steps for Windows Virtual Machines on Azure and other Windows 10 and 11 devices.
Singapore commits $74.3M for quantum and AI in finance
The Monetary Authority of Singapore (MAS) has allocated 100 million Singapore dollars ($74.36 million) to boost quantum computing and AI in the financial sector. This funding, part of the Financial Sector Technology and Innovation Scheme (FSTI 3.0), offers up to 50% co-funding for quantum computing projects and up to 30% for quantum-based cybersecurity solutions. It also supports AI innovation centers, with an initial AI pilot focusing on fraud detection. The scheme runs until March 2026, with potential extensions based on its impact.
Nvidia preparing version of new flagship AI chip for Chinese market
Nvidia is creating a China-specific version of its new "Blackwell" AI chips, called the "B20," to comply with U.S. export controls. Partnering with Inspur, Nvidia plans to start shipments in Q2 2025. This move aims to regain market share in China, where sales have declined due to sanctions. Despite initial slow sales, Nvidia's H20 chips are now selling rapidly in China.
Samsung is looking into new phone form factors with AI in mind
Samsung is exploring new smartphone designs tailored for generative AI applications, aiming to create "AI phones" that are more mobile and feature larger screens and more sensors. Roh Tae-moon, president of Samsung’s Mobile Experience unit, indicated that a significant portion of their R&D is focused on these AI-driven form factors, which will look "radically different" from current models. This development follows Samsung’s rollout of the "Galaxy AI" system and comes amid similar AI-focused initiatives by competitors like Apple and Google.
AI is confusing — here’s your cheat sheet
Artificial intelligence (AI) is a rapidly evolving field with complex jargon that can be challenging to understand. To help clarify, a cheat sheet of key AI terms is provided, explaining concepts such as machine learning, artificial general intelligence (AGI), generative AI, and hallucinations. The guide also covers different AI models like large language models (LLMs), diffusion models, and foundation models, along with training methods, natural language processing (NLP), and hardware specifics like Nvidia's H100 chip. Additionally, it highlights major players in the AI industry, including OpenAI, Microsoft, Google, Meta, and others, detailing their contributions and innovations in AI technology.
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