Hi there! This is your weekly tech summary โ In today's smmry: ๐ฐ Elon Musk raises $6B to compete with OpenAI ๐ฑ US TikTok ban ๐ง Microsoft's new AI model runs on your phone โ๏ธ US Air Force confirms first AI dogfight ๐ Tesla cuts price of its โFSDโ system by a third ๐ Meta adds AI to its Ray-Ban smart glasses ๐ Apple enters the open AI world with OpenELM ๐ + 7 other news you might like ๐ฎ + 5 handpicked research and tools | | ๐ฐ Elon Musk raises $6B to compete with OpenAI LINK - Elon Musk's AI company, xAI, is close to securing $6 billion in funding at an $18 billion valuation.
- This funding round comes just 10 months after xAI was founded and appears to be driven by high investor demand.
- One of the confirmed investors is X, Elon Musk's social media platform, which has already integrated xAI's chatbot Grok.
๐ฑ US TikTok ban LINK - The US Senate passed a bill requiring ByteDance to sell TikTok within 270 days or face a ban in the US. President Biden signed the bill into law.
- The law gives ByteDance the option to sell TikTok to another entity to avoid a ban. The deadline can be extended by 90 days if a sale is underway.
- If TikTok isn't sold, app stores and internet hosting services would be prohibited from providing TikTok access in the US.
๐ง Microsoft's new AI model runs on your phone LINK - Microsoft released Phi-3 Mini, its smallest AI model yet, at 3.8 billion parameters. It's designed to be faster and cheaper to run on devices like phones and laptops.
- Phi-3 Mini is trained on a dataset inspired by children's bedtime stories, allowing it to learn core concepts with simpler language.
- While smaller and less knowledgeable than models like GPT-4, Phi-3 Mini is suitable for specific tasks and custom applications due to its affordability and efficiency.
โ๏ธ US Air Force confirms first AI dogfight LINK - The US Air Force successfully conducted the first AI dogfight using an AI-controlled X-62A aircraft against a human-piloted F-16.
- The AI system, developed by DARPA's Air Combat Evolution (ACE) program, could autonomously fly the fighter jet and perform maneuvers as close as 2,000 feet at 1,200 mph.
- This breakthrough paves the way for further testing of autonomous aerial combat systems and raises questions about the future of aerial warfare.
๐ Tesla cuts price of its โFSDโ system by a third LINK - Tesla's Full Self-Driving (FSD) software price dropped by a third, bringing it back to its original price point from its beta launch in 2020.
- Elon Musk's previous claims of the price increasing with software improvements haven't materialized, leading to declining customer interest.
- This price cut, along with reductions on Tesla vehicles, suggests Tesla is struggling to meet demand and may be prioritizing short-term earnings for the upcoming Q1 report.
๐ Meta adds AI to its Ray-Ban smart glasses LINK - Ray-Ban Meta smart glasses now feature multimodal AI, allowing them to understand and respond to your environment through sight and sound.
- This AI can translate languages in real-time, identify objects, and suggest actions based on what you see, like finding a recipe based on ingredients in your kitchen.
- Hands-free video calling through WhatsApp and Messenger has also been added, along with new stylish frames you can pre-order.
๐ Apple enters the open AI world with OpenELM LINK - Apple enters the open AI field with CoreNet, a toolkit for training deep learning models, and OpenELM, a family of open-source language models.
- OpenELM offers a unique layer-wise scaling method that improves efficiency and accuracy compared to similar models.
- This is a significant step for Apple, marking their first open-source AI models and potentially reflecting a strategic shift towards open collaboration within the AI community.
| | Other news you might like โก Meta CEO Mark Zuckerberg unnerved investors on the companyโs quarterly earnings call Wednesday by focusing on its long-term investments in AI and the metaverse. Shares of Meta tumbled by 19% wiping out more than $200 billion in market cap. LINK ByteDance would prefer to shut down TikTok rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the US, four sources said. LINK Shares in the owner of Snapchat surged 21% during after-hours trading after the social media group beat Wall Streetโs expectations for quarterly revenue and user growth. Revenue during the first quarter rose 21% to $1.2bn. LINK Apple is reportedly reducing its production of the Vision Pro headset for the rest of 2024, due to a decrease in demand. Apple now hopes to sell only around 4-450,000 units in 2024, a significant drop from the previous 7-800,000 units. LINK Snowflake announced Arctic LLM, an enterprise-grade generative AI model designed for generating database code. Arctic LLM, an MoE architecture, claims to outperform competitors like DBRX and models from OpenAI and Meta. LINK Mercedes-Benz has become the first automaker to sell vehicles with Level 3 autonomous driving technology in the US. The EQS and S-Class sedans come with an autopilot that doesn't require users to keep their eyes on the road, unlike Tesla's FSD. LINK Engineers have partially restored a 1970s-era computer on NASA's Voyager 1 spacecraft after five months of long-distance troubleshooting, building confidence that humanity's first interstellar probe can eventually resume normal operations. LINK | | Latest research and tools ๐ ๏ธ Firefly Image 3 Adobe has introduced its third-generation image-generation model, Firefly Image 3, which boasts enhanced realism and improved rendering capabilities. LINK Node.js 22 Node.js 22 contains highlights such as require()ing ES modules, a WebSocket client, updates of the V8 JavaScript engine, and more. It will enter long-term support in October. LINK Pragmatic drag and drop Pragmatic drag and drop is a low-level drag and drop toolchain that enables safe and successful usage of browsers' built-in drag and drop functionality. LINK FinetuneDB FinetuneDB is an LLMOps tool to develop GenAI applications. You can capture production data, evaluate outputs collaboratively, and fine-tune your LLM's performance. LINK Claude 3 beats Google Translate This study found that Claude 3 outperforms Google Translate in accuracy and fluency of translations. LINK | | Thanks for reading today's smmry. If you have any feedback or just want to say hi, just respond to this email. - Yus Not yet subscribed? You can do so here! If you want to unsubscribe from smmry, please click here | | | | |