Welcome, AI Enthusiasts!

Today’s AI Insights:

• 💰 OpenAI raises $6.6B

• 🤖 Nvidia unveils its new NVLM 1.0 AI model

• ⚙️ How to automate tasks with AI

• 🗞️ Latest AI and tech news

• 🛠 New AI tools

• 📝 AI Meme of the day

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AI NEWS

OPENAI

💰 OpenAI raises $6.6B

OpenAI has raised $6.6 billion in its latest funding round, boosting its valuation to $157 billion. Led by Thrive Capital, this brings OpenAI’s total funding to $17.9 billion, reinforcing its dominance in the AI space.

The Details:

• Thrive invested $1.3 billion, with contributions from Microsoft, Nvidia, SoftBank, and others. Microsoft’s investment was nearly $1 billion, while Nvidia and SoftBank pledged $100 million and $500 million, respectively.

• OpenAI has spent $7 billion on model training and $1.5 billion on staffing, with GPT-4 costing over $100 million to develop. ChatGPT alone costs around $700,000 a day to operate.

• The new funds will help OpenAI scale up AI research, boost its compute capacity, and support ambitious projects, including developing next-gen AI models.

• OpenAI projects it will hit $100 billion in revenue by 2029, but it faces strong competition from rivals like Anthropic, xAI, and Google, all of which are investing heavily in next-gen AI technologies.

OpenAI’s record-breaking funding round reflects the high stakes and intense competition in the AI sector. With new capital and a shift in corporate structure, the company is positioning itself for long-term success. However, it faces significant challenges, including managing high operational costs and retaining key talent amidst its rapid growth.

NVIDIA

🤖 Nvidia unveils its new NVLM 1.0 AI model

Nvidia has unveiled its new NVLM 1.0 family of AI models, including the standout NVLM-D-72B, which boasts 72 billion parameters. This model is designed to challenge OpenAI’s GPT-4 with impressive capabilities in both language and vision-based tasks.

The Details:

• The NVLM-D-72B model enhances both vision-language tasks and text-only capabilities, demonstrating a 4.3-point accuracy improvement on key benchmarks, outperforming many similar models.

• Nvidia has made the model’s weights publicly available, with plans to release the training code. This breaks away from the trend of keeping advanced AI systems closed, giving researchers unprecedented access to top-tier AI tools.

• The model is versatile, capable of interpreting memes, analyzing images, and solving complex problems, making it useful across a range of industries.

Nvidia’s open-sourcing of NVLM 1.0 could significantly impact the AI landscape, enabling smaller organizations and independent researchers to compete with tech giants. However, it also prompts ethical and safety concerns regarding the accessibility of powerful AI models and how they will shape future business models in the industry.

AI & TECH NEWS

NEW AI TOOLS:

📸 X Headshot - Create professional AI headshots from selfies

🍏 FoodIntake - Track dietary intakes and make healthier food choices with AI

⏩ PrimeAI - Accelerate test case creation and script generation with AI

💼 RAFA - Invest like an expert with AI-powered insights

🔊 ButterReader - Enhance blog text with audio experience

💼 AIApply- AI-powered job search automation for resume and cover letter generation

AI TUTORIAL

AI TUTORIAL

Automate tasks with Bardeen

Bardeen is an AI-powered automation tool that helps you create workflows by connecting apps and automating repetitive tasks.

Steps to follow:

1. Visit the Bardeen website, sign up for an account, and log in to access the dashboard.

2. Choose a pre-built automation template or create a new one by selecting your desired apps and actions.

3. Integrate the apps you want to automate, such as Google Sheets, Notion, or Gmail, by granting Bardeen access to these tools.

4. Define triggers (e.g., a new email) and actions (e.g., copying data to a spreadsheet) that will run automatically when the conditions are met.

5. Start the automation and monitor the results through the Bardeen dashboard, making adjustments as needed.

   
   

   Try for free

AI & TECH NEWS

Microsoft unveils new Copilot features for Windows users

Microsoft has introduced new features for its Copilot AI, including Copilot Vision, which allows users to ask questions about on-screen content in Microsoft Edge. Another feature, Think Deeper, focuses on solving complex problems, enhancing the AI’s ability to handle intricate tasks. Microsoft emphasizes privacy by ensuring data from Copilot Vision sessions is deleted afterward, and the feature is limited to content from non-paywalled, popular websites

Apple might launch a smart home iPad next year

Apple is reportedly preparing to launch a new smart display in 2024 with homeOS, a new operating system based on tvOS. According to reports by Bloomberg’s Mark Gurman, the display will feature Apple Intelligence, support popular apps, and offer gesture controls. It will also come with wall-mounting options, positioning it as a strong competitor in the smart home market. 

Amazon’s new Fire tablets have AI inside

Amazon’s newly announced Fire HD 8 tablet includes generative AI-powered tools, like a writing assistant and webpage summaries, similar to other 2024 gadgets. These features are also coming to Fire HD 10 and Fire Max 11 tablets. Users can access these AI tools for improving text, getting webpage overviews in the Silk browser, and even creating wallpapers from prompts. Amazon plans to roll out these updates to compatible Fire tablets starting later this month.

Google trials Gemini-driven video search in India

Google is testing an AI-powered video search feature in India, allowing users to ask questions about video content using the Gemini AI model through Google Lens. This feature is part of the “AI Overviews and More” experiment in Google Search Labs and is currently available in English for mobile users. India is the largest market for Google Lens, and users need to sign up for the experiment to participate.

AI MEME OF THE DAY

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