Good morning! 

This week’s focus kicks off with Google has made a groundbreaking move into nuclear energy to power its artificial intelligence (AI) operations. The tech giant has signed a first-of-its-kind deal with Kairos Power, a California-based company, to acquire a series of small nuclear reactors.

But don’t worry — there’s plenty more to cover today.

In this edition of Unfold Now:

🧠 Apple just announced a new, faster iPad Mini

🌍 Amazon finally has a colour Kindle

🏛️ LatticeFlow’s LLM framework takes a first stab at benchmarking Big AI’s compliance with EU AI Act

— Harman, Unfold Now 

🧠 Google inks nuclear deal for next-generation reactors

Summary:

Google's recent partnership with Kairos Power to acquire small modular nuclear reactors (SMRs) marks a pivotal moment in addressing the energy demands of artificial intelligence. With plans to secure 500 megawatts of nuclear power by 2035, the tech giant aims to provide a sustainable energy source for its data centers, which are increasingly burdened by the electricity needs of advanced AI models.

"The energy grid requires new sources of electricity to support AI innovations," said Michael Terrell, Google's senior director for energy and climate.

Why it matters:

This move highlights the urgent need for sustainable energy solutions as AI technologies proliferate. By embracing nuclear power, Google not only aims to reduce its carbon footprint but also sets a precedent for other tech companies. This shift could reshape the energy landscape, revitalize the nuclear industry, and influence corporate strategies around environmental responsibility in an increasingly energy-hungry digital world.

🧠 Apple just announced a new, faster iPad Mini

Summary:

Apple has officially announced the new iPad Mini, featuring the powerful A17 Pro chip, which promises enhanced performance and efficiency. This seventh-generation model retains the popular 8.3-inch liquid retina display and introduces support for the Apple Pencil Pro, allowing for more versatile creative applications. The new iPad Mini also boasts improved connectivity with faster Wi-Fi and USB capabilities, making it a robust option for users seeking portability without compromising power.

The iPad Mini is available in four colours: pink, starlight, purple, and space grey, and starts at $499 for the 64GB Wi-Fi-only model. With a focus on performance enhancements and user-friendly features, this update positions the iPad Mini as a compelling choice for both casual users and professionals alike.

Why it matters:

This latest iteration of the iPad Mini underscores Apple's commitment to providing high-performance devices in compact form factors. As mobile computing becomes increasingly essential in both personal and professional contexts, the enhanced capabilities of the iPad Mini cater to a growing demand for powerful yet portable technology. By integrating advanced features like the A17 Pro chip and Apple Pencil Pro support, Apple not only enhances the user experience but also solidifies its position in the competitive tablet market.

🌍 Amazon finally has a colour Kindle 

Summary:

Amazon has officially unveiled its first color Kindle, named the Kindle Colorsoft, set to ship on October 30. Priced at $279.99, this new e-reader features a custom-designed color E Ink display that offers "rich, paper-like color" with options for standard or vibrant styles. Users can now enjoy browsing book covers in color, viewing images, and highlighting text in various colors. The Colorsoft also boasts eight weeks of battery life, wireless charging, and waterproof capabilities.

Alongside the Colorsoft, Amazon introduced updates to its Kindle lineup, including a revamped Kindle Scribe and the fastest Kindle Paperwhite yet. The new Paperwhite features a larger display and faster page turns, catering to avid readers seeking enhanced performance.

Why it matters:

The launch of the Kindle Colorsoft represents a significant advancement in e-reader technology, bringing color to a market that has long been dominated by monochrome displays. This move not only enhances the reading experience for users—especially for graphic novels and illustrated books—but also positions Amazon to compete more effectively against rivals like Kobo. As consumer preferences shift towards more interactive and visually engaging content, the Colorsoft could redefine how readers interact with digital literature and expand the appeal of e-readers in an increasingly competitive landscape.

🏛️ LatticeFlow’s LLM framework takes a first stab at benchmarking Big AI’s compliance with the EU AI Act  

Summary:

The EU AI Act, set to take effect on August 1, 2024, introduces the world's first comprehensive legal framework for artificial intelligence. This regulation employs a risk-based approach, imposing strict requirements on high-risk AI applications and potentially banning those deemed unacceptable. Companies failing to comply could face fines up to €35 million or 7% of their global annual revenue.

Why it matters:

1. Global Influence: The EU AI Act is expected to shape AI regulations worldwide, similar to the impact of GDPR on privacy laws.

2. Compliance Burden: Tech companies, especially those outside the EU, will need to adjust their AI systems to meet new standards, which may slow innovation.

3. Market Access: Compliance will be crucial for companies wishing to operate in Europe, potentially creating barriers for some developers.

4. Balancing Act: While aiming for trustworthy AI, the Act raises concerns about EU competitiveness in the global AI landscape, though it includes measures to support innovation.

🚀 Who’s getting funding: 

1. Neuron7 Secures $44M Series B, Valuation Soars to $275M Amid Rapid Growth and Strong Market Presence

2. Adyen Co-Founder Launches Tebi: A Game-Changer for Small Businesses with €20M Funding and Employee Ownership

3. AI-Powered Alan Turing Portrait by Ai-Da to Fetch Up to $196,000 at Sotheby’s Auction

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Thanks for reading today’s edition of Unfold Now! Stay curious, stay informed, and we’ll see you in the next one.

— Harman