The Business Of AI
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OpenAI Breaks Up with Big Models - Click to Read Why!

OpenAI Breaks Up with Big Models - Click to Read Why!

The Latest AI News

Adam Smith
April 26, 2024

Sponsored by

Coming up this week:

- OpenAI: Bigger Isn’t Better
- DARPA: AI Jet Fighters
- Canada: $50M For AI Retraining
- Meta: Llama 3 Unleashed

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

FEATURED STORY 🔥

OpenAI CEO Declares End to Bigger Models

OpenAI's CEO, Sam Altman, announced a significant change in AI development strategy, signaling a move away from enlarging AI models. This statement came after the development of GPT-4, a model trained with trillions of words and costing over $100 million.

Altman highlighted the diminishing returns and physical limitations of scaling up these models. He suggested that future advancements would focus on improving models through different methods rather than just increasing their size. This shift marks a potential end to the trend of expanding AI models, which has been central to recent AI progress.

Altman's announcement reflects a broader industry trend where companies and researchers are exploring new AI architectures and fine-tuning techniques to enhance performance without necessarily expanding model size.

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TRENDING STORIES 🔥

AI-Driven Jet Competes in Historic Dogfight

The X-62A VISTA, an AI-modified F-16, engaged in groundbreaking aerial combat against a human-piloted F-16. This test, part of DARPA's ACE program, aims to enhance trust in autonomous flight technology for future air warfare, demonstrating AI's capability to safely execute complex maneuvers without human intervention.

The Canadian government allocates $50 million for skills training to aid workers affected by AI disruptions. This funding, part of a larger $2.3 billion investment to enhance AI adoption, aims to prepare employees in various sectors for significant technological shifts and job transformations.

Meta recently launched Llama 3, a superior range of AI models that surpass competitor benchmarks and are open source. These models are now integrated into popular platforms like WhatsApp and Instagram, enhancing user interaction through Meta's AI assistant, potentially dominating the consumer-facing AI market.

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EYE OPENING NEWS 🧠

Snowflake Unveils Arctic LLM for Enterprises

Snowflake introduced Arctic LLM, an enterprise-grade generative AI model, optimized for tasks like database code generation. It's freely available under an Apache 2.0 license and promises enhanced performance compared to competitors like DBRX and Llama 2 70B, focusing on enterprise needs.

Xaira Therapeutics Secures $1 Billion for AI Drug Discovery

Xaira Therapeutics, incubated by ARCH Venture Partners and Foresite Labs, received a $1 billion investment to pioneer AI in drug development. With a team led by former Stanford president Marc Tessier-Lavigne, the company aims to create groundbreaking drugs using advanced AI technologies.

Ray-Ban Smart Glasses Sell Out, New Styles Launched

Ray-Ban Meta smart glasses, developed with EssilorLuxottica, are selling rapidly. New styles and features, including Meta AI updates, enhance utility and fit. The collection now offers more face shape options and prescription compatibility, with availability in 15 countries and a special Scuderia Ferrari edition set for 2024.

Apple Launches Open Source AI Models

Apple has introduced a new series of open-source language models called OpenELM, available on Hugging Face. These models, designed for edge devices like smartphones, enhance privacy and security by processing data locally. OpenELM aims to support research into AI biases and efficiency, marking a significant step in Apple's AI development.

AI-Designed Gene Editor Surpasses Natural Models

Researchers have developed OpenCRISPR-1, an AI-designed gene editor, demonstrating enhanced specificity and activity compared to traditional SpCas9. This breakthrough, leveraging a vast dataset of CRISPR systems, marks a significant advancement in gene editing technology, offering potential for diverse applications in medicine and agriculture.

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FUNDRAISING 🤑

Langdock Raises $3M for AI Interface Tool

Langdock, a German startup, secured a $3 million seed investment to develop a chat interface that connects companies with various large language models. This funding round, led by General Catalyst and La Famiglia, aims to prevent vendor lock-in by offering flexible AI integration options.

Perplexity Hits $1.04B Valuation with $63M Raise

Perplexity, an AI-native search company, secured $63 million in funding, boosting its valuation to $1.04 billion. This round, led by notable tech leaders, brings its total raised to $165 million. The San Francisco-based startup focuses on delivering narrative search results through its apps and web portal.

FlexAI Raises $30M in Seed Funding

FlexAI, a French startup, secured $30 million to enhance AI infrastructure for developers. This funding will support the launch of their cloud service for efficient AI training.

Cognition Labs Secures $175M in Funding

Cognition Labs, an AI startup, has raised $175 million, achieving a $2 billion valuation. Founded just six months ago, the company develops AI tools for coding, demonstrating rapid growth and investor confidence in its innovative technology.

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