Thursday’s AI Report
• 1. 🍎 Apple Siri powered by Google?
• 2. ⏳ Invest in AI-powered property management tool, Pacaso
• 3. 🌍 AI gave this grocery chain a 10% increase in revenue
• 4. 👑 Take a business-first approach to AI with Agentic Brain
• 5. ⚙️ Trending AI tools
• 6. 💼 Musk’s xAI faces another high-profile exit
• 7. 🏆 Mistral Europe’s biggest AI success?
• 8. 📑 Recommended resources
Read Time: 5 minutes
🔔 This week’s episode of The AI Report Podcast drops tomorrow. In it, Liam chats to co-founder and AI strategist, Sabahudin Murtic, about why critical thinking beats blind AI adoption in business.
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Apple Siri powered by Google?
🚨 Our Report
Reports are emerging that Apple is considering using Google Gemini to power its highly anticipated (and severely delayed) AI Siri, which is due to launch in 2026.
🔓 Key Points
According to experts, Apple and Google have reached a “formal agreement” to allow Apple to test and evaluate a made-for-Apple Gemini model that will power the new version of the voice assistant.
Reportedly, Google’s Gemini model will power a new feature (internally referred to as “World Knowledge Answers”) that will enable users to ask Siri to search the web and get answers in an AI-generated summary format.
The new Siri search interface will also be able to display text, photos, videos, and local places of interest, and it will tap into users’ data, allowing them to navigate their devices using voice commands.
🔐 Relevance
No decision has been made yet, as Apple is also testing its own AI models, and models from OpenAI and Perplexity. But one thing’s for certain: Apple needs to launch something spectacular if it wants to make its newly revamped Siri competitive with AI search engines from OpenAI and Perplexity.
If Siri ran on Google’s Gemini, would it make you more or less likely to use it?
Big investors bet on this “unlisted” stock
When the former Zillow exec who sold his last company for $120M starts a new venture, people notice. That’s why the same investors that backed Uber, Venmo, and eBay also backed Pacaso.
Disrupting the real estate industry once again, Pacaso’s streamlined, AI-powered platform offers co-ownership of premier properties, revamping the $1.3 trillion holiday home market.
And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in less than 5 years, including 41% YoY growth last year alone. They even recently reserved the Nasdaq ticker PCSO.
And you can join 10,000+ investors as a Pacaso shareholder now, for just $2.90/share.
But don’t wait too long. Lock it in before the offer ends on September 18.
Read the offering circular at invest.pacaso.com.
AI gave this grocery chain a 10% increase in revenue
A regional grocery chain was struggling to accurately predict demand due to outdated, siloed legacy systems.
Forecasting errors resulted in over-ordering and under-ordering, impacting profitability and customer trust.
They built an AI demand forecasting platform, which used sales data and real-time trends to deliver dynamic re-order recommendations.
As a result, they saw a 27% increase in forecasting accuracy, which led to a 40% reduction in waste and a 10% increase in revenue.
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Orbit Flows creates AI content that will 10x output without sacrificing quality
Nodu uses AI to generate storytelling videos for product promotion
Mike Liberatore, the former Airbnb executive and CTO of Musk’s AI start-up, xAI, has quit his role after just three months, marking the latest exit in a long line of high-profile departures.
Last month, xAI lost 3 high-profile execs: General Counsel, Robert Keele, Senior Lawyer, Raghu Rao, and xAI’s co-founder, Igor Babuschkin (who quit to launch his own VC firm, which is dedicated to AI safety).
While he was at xAI, Liberatore helped Musk raise $5B in equity (half of which came from Musk's SpaceX), and he also oversaw xAI’s data center expansion in Memphis.
French AI start-up, Mistral (makers of the chatbot, Le Chat), is reportedly about to secure €2B (~$2.3B) in funding, with a post-funding valuation of $14B, making it one of Europe's most valuable tech start-ups.
Founded just two years ago by former DeepMind and Meta researchers, this is Mistral’s first major funding raise since June 2024, when it was valued at $6.7B—which demonstrates huge growth.
It previously raised around $1B from prominent investors, including a16z and General Catalyst, and its latest raise comes as reports show that EU AI companies secured 55% more YoY funding in Q1.
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