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Nvidia Launch Own AI Model: What It Means 😲

Nvidia Launch Own AI Model: What It Means 😲

The Latest AI News

Adam Smith
June 21, 2024

Coming up this week:

- Nvidia: Launches New AI
- OpenAI: Co-Founder Starts New Company
- Apple: Integrates ChatGPT
- Musk: Being Sued Again

And much more… Learn how these unfolding narratives are shaping The Business of AI.

FEATURED STORY 🔥

Nvidia Unveils Nemotron-4 340B: A Game-Changer in AI Synthetic Data

Nvidia has launched "Nemotron-4 340B," a new family of open models designed to revolutionize synthetic data generation for training large language models (LLMs).

Previously known as "june-chatbot" on LMSys.org Chatbot Arena, the Nemotron-4 340B family includes base, instruct, and reward models, forming a complete pipeline for creating high-quality synthetic data. It supports over 50 natural languages and 40 programming languages, outperforming competitors like Mistral’s Mixtral-8x22B and Anthropic’s Claude-Sonnet.

Nvidia's commercially-friendly licensing model makes Nemotron-4 340B accessible to businesses of all sizes, enabling them to create custom LLMs. The model's potential impact on industries like healthcare, finance, and retail is significant, promising advancements in areas like drug discovery, fraud detection, and supply chain optimization.

Despite the growing competition in the AI chip market and concerns about data privacy and security, the AI community has welcomed the release of Nemotron-4 340B with enthusiasm.

TRENDING STORIES 🔥

OpenAI Co-Founder Launches New Company

Ilya Sutskever, co-founder of OpenAI, has launched Safe Superintelligence Inc. (SSI), dedicated to developing a safe, powerful AI system. SSI, co-founded with Daniel Gross and Daniel Levy, aims to balance rapid advancement with stringent safety measures, free from the commercial pressures typical in the industry.

Apple announced a partnership with OpenAI to incorporate ChatGPT into iPhones, iPads, and Macs, enhancing Siri and writing tools. The deal, revealed at Apple's Worldwide Developers Conference, involves no initial payments to OpenAI, focusing instead on mutual brand and technology promotion.

Tesla shareholders have filed a lawsuit in Delaware, accusing Elon Musk and the board of misdirecting company resources to Musk's AI venture, xAI. They claim this breach of fiduciary duty has compromised Tesla's focus on robotics and AI, benefiting xAI instead.

AI Image Of The Week 📷️

MJ Prompt: An impressionist painting of a cowboy riding a bucking horse in a dusty outdoor rodeo, with swirling dust clouds, wooden fences, and spectators watching intently, the brushstrokes conveying the intensity and excitement of the moment, in the style of impressionist masters,

EYE OPENING NEWS 🧠

Runway to Launch Advanced Gen-3 AI Video Model

Runway's upcoming Gen-3 AI model promises significant enhancements in video quality and speed. Rebuilt from scratch, it offers improved realism and motion control. The public will soon access the Alpha version, showcasing advanced capabilities in creating lifelike videos.

OpenAI's Revenue Hits $3.4 Billion

OpenAI's annualized revenue soared to $3.4 billion, doubling from $1.6 billion last year. Most earnings stem from ChatGPT subscriptions and developer fees for using its language models. Despite this growth, the accuracy of these financials was questioned by an OpenAI spokesperson.

TikTok Launches AI Tools for Global Audience Growth

TikTok introduces Symphony, a suite of generative AI tools featuring customizable digital avatars and language dubbing to enhance global marketing. These tools allow content in multiple languages, using both stock and custom avatars, and will be labeled as "AI-generated" to maintain transparency.

General Nakasone Joins OpenAI Board

Retired U.S. Army General Paul M. Nakasone has been appointed to OpenAI's Board of Directors. With extensive cybersecurity expertise, he will serve on the Safety and Security Committee, focusing on enhancing AI security and resilience against cyber threats.

McDonald's Ends AI Drive-Thru Program

McDonald's is discontinuing its AI-driven ordering system at over 100 locations by July 2024. The decision follows a partnership with IBM initiated in 2021, aimed at speeding up service. The future may still include AI solutions, possibly involving a new collaboration with Google.

5 Tools to Boost Your Productivity

- Generate personalized visually stunning stories in just one minute. Dorosi
- Generate videos from simple text in one minute. Moonvalley
- Craft social media posts and art, in just seconds with AI. Questgen
- Generate high-quality, engaging content 10x faster. Vidiofy
- Chat, generate, and design without limits using Generative AI. Venturus AI

Want your tool featured here? Hit reply and tell us a little about it 😍

FUNDRAISING 🤑

AWS Pledges $230M to AI Startups

Amazon Web Services commits $230 million to support generative AI startups globally. This funding will enhance the development of AI applications, offering AWS credits and mentorship to accelerate innovation. Applications for the AWS Generative AI Accelerator are now open.

Sakana AI Eyes $125M in Upcoming Funding

Sakana AI, cofounded by ex-Google researchers, aims to raise $125 million, valuing the firm at over $1.1 billion. This funding round could mark the quickest rise to unicorn status for a Japanese company, involving major U.S. venture capitals.

Hona Raises $9.5M for Legal Tech Innovation

Hona secured $9.5 million in Series A funding to enhance its client communication software for law firms. Led by Costanoa Ventures, the investment will boost platform capabilities and expand Hona's customer base, improving engagement across various legal practices.

Finbourne Raises $70M for Data Expansion

London-based startup Finbourne secured $70 million in Series B funding led by Highland Europe and AXA Venture Partners. This investment boosts the company's valuation to $356 million. Finbourne develops platforms that enhance data utilization in financial services, aiming to expand its market reach.

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