OpenAI's Next Big Model: Strawberry 🍓

The Latest AI News

Author

Adam Smith
August 30, 2024

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Coming up this week:

- OpenAI: Releasing New Model
- Perplexity: Introducing Adverts
- Google: New Gemini Model
- NVIDIA: New Compact Models

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

FEATURED STORY 🔥

OpenAI To Release New Model Called "Strawberry"

OpenAI plans to release a groundbreaking AI product called "Strawberry" in the fall. This new model will tackle problems beyond current AI capabilities. 

It's designed to solve unfamiliar math problems, develop market strategies, and conduct deep research. Strawberry aims to enhance AI's reasoning abilities, though specific details remain unclear.

In July, OpenAI introduced several new features and products. They launched an advanced voice feature for ChatGPT, offering realistic audio responses and allowing real-time conversations. The company also began testing SearchGPT, a tool promising more concise search results than conventional engines. Additionally, OpenAI released GPT-4o mini, a smaller and more affordable version of ChatGPT.

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TRENDING STORIES 🔥 

Perplexity AI to Introduce Ads on Search App

Controversial AI startup Perplexity plans to start running ads on its search app in Q4. The company claims its app has over two million downloads and answers 230 million queries monthly. Perplexity recently raised funding valuing it at over $1 billion. They will use a CPM model for advertising, with prices exceeding $50.

Google Unveils Enhanced Gemini 1.5 Models

Google announced updates to its Gemini 1.5 AI models. The new versions include Gemini 1.5 Flash-8B, an improved Gemini 1.5 Flash, and a stronger Gemini 1.5 Pro. These models show increased performance in various tasks. They can process long contexts and handle multimodal inputs. The updated models are available for testing through Google AI Studio and Gemini API.

NVIDIA Unveils Compact AI Model with High Accuracy

NVIDIA released Mistral-NeMo-Minitron 8B, a small language model offering top-tier accuracy. It excels in multiple benchmarks for AI chatbots and assistants. The model can run on workstations, making it accessible for organizations with limited resources. Developers can use it as a microservice or download it from Hugging Face.

AI Image Of The Week 📷️ 

MJ Prompt: A hyperrealistic seaturtle made of iridescent glass and glitters swimming in a bright coloured ocean, clownfish and coral in the background. Credit.

EYE OPENING NEWS 🧠 

Salesforce Unveils AI Sales Agents for Pipeline Growth

Salesforce introduces two AI sales agents: Einstein SDR Agent and Einstein Sales Coach Agent. The SDR Agent autonomously engages with prospects, answering questions and scheduling meetings. The Sales Coach Agent facilitates role-plays and provides feedback. Both agents use Salesforce's Einstein 1 Agentforce Platform and will be available in October.

OpenAI Seeks Billions in Funding at $100 Billion Valuation

Artificial intelligence company OpenAI is reportedly looking to raise several billion dollars in a new funding round. Led by Thrive Capital with Microsoft's participation, the round could value OpenAI above $100 billion. This comes as the company prepares to launch its next-level AI product, "Strawberry," in the fall.

xAI Doubles Grok-2's Speed with Code Rewrite

Developers at xAI have rewritten Grok-2's inference code, doubling its speed and slightly improving accuracy. The update affects both Grok-2 and its smaller version, Grok-2 mini. Using SGLang, an open-source system for efficient language model execution, the team completed the overhaul in just three days.

Google Welcomes Back AI Pioneer to Lead Gemini Project

Noam Shazeer, co-founder of Character.AI, has returned to Google. He will co-lead the Gemini AI project alongside Jeff Dean and Oriol Vinyals. Google paid billions to bring Shazeer and some colleagues into DeepMind. Shazeer, a long-time Google researcher, was instrumental in developing AI technology that sparked the current boom.

Amazon's AI Assistant Revolutionizes Software Development

Amazon's AI assistant, Amazon Q, has significantly impacted software development. CEO Andy Jassy revealed it saved $260 million and 4,500 developer years. The AI streamlines foundational software updates, reducing app upgrade times from 50 days to hours. It enhances team collaboration and standardizes best practices across departments.

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 🤑 

Cursor Secures $60M for AI-Powered Coding Tools

AI startup Cursor raised $60 million in Series A funding. The company, valued at $400 million, offers code completion tools used by 30,000 customers. Founded in 2022 by MIT friends, Cursor aims to automate 95% of tedious coding work.

AI Startup Magic Secures $320 Million in Funding

Magic, an AI coding automation startup, raised $320 million from investors including Eric Schmidt and Alphabet's CapitalG. The company partnered with Google Cloud to build supercomputers and aims to scale to 160 exaflops. Magic's total funding now reaches $465 million.

Praktika Raises $35.5M for AI Language Tutors

Language-learning app Praktika secured $35.5 million in Series A funding. The platform uses AI avatars as personalized tutors, focusing on natural interactions and voice inflections. With 1.2 million monthly users, Praktika reported $20 million in revenue over the past year.

Space and Time Labs Secures $20M in Series A Funding

Blockchain and AI firm Space and Time Labs raised $20 million in Series A funding, bringing total investments to $50 million. The company aims to advance AI and blockchain technology, combining blockchain indexing, data warehousing, and zero-knowledge processing for developers.

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