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- 💠Bard in Europe & NotebookLM by Google, Meta is training LLaMA V2👀
💠Bard in Europe & NotebookLM by Google, Meta is training LLaMA V2👀
Claude 2, a ChatGPT competitor, challenges its dominance
vTeam vMate
July 18, 2023
TOGETHER WITH
Hello vTeamers, and welcome to our AI fast-paced ride. Secure your seat belts as we explore:
📈Trend Google Launch Bard in Europe, Claude 2 competing ChatGPT
👩🔬Research AI and Online News: Forecasting Stock Returns
💵Investment KPMG Expands Microsoft Partnership, Invests $2B in AI
💁Tips & Tricks Meta Trains Own AI Model
👻AI Fun vTeam Weekly Memes
📖 Read time: 5 minutes
So let the journey begins. 🚀🚀🚀
For our index, we use Archiv.org, Google Trends, Crunchbase
TREND📈
Google Unveils Exciting AI Updates: Bard Chatbot in Europe and Introduction of NotebookLM Service
Credit: VentureBeat made with Midjourney
Google Makes Waves with Two Major AI Announcements: launched Bard Language Model In Europe and Brazil and New NotebookLM Service. Bard now allows users to upload images for analysis and respond in multiple languages. It also features new productivity enhancements, including conversation pinning and Google Lens integration. Meanwhile, the renamed NotebookLM service revolutionizes note-taking by automatically analyzing and summarizing disparate notes and documents. Users can ask questions and generate creative ideas based on the content. Both updates showcase Google's continued investment in advancing generative AI capabilities.
Elon Musk's xAI Launches to Explore the Universe's True Nature
Elon Musk's xAI company has officially launched, aiming to unravel the mysteries of the universe. The team, led by Musk, comprises experts from prominent AI organizations like OpenAI, Google Research, and Microsoft Research. The company's website states that xAI's mission is to understand the fundamental nature of reality. Previously, Musk co-founded OpenAI but left to avoid conflicts with Tesla. His new venture signifies his ongoing interest in pushing the boundaries of AI understanding and development.
Claude 2, ChatGPT Competitor, Introduces Novel-Summarizing Chatbot
Anthropic Launches Claude 2, a Chatbot Capable of Summarizing Large Text Blocks and Following Safety Principles. The AI company's chatbot, available in the US and the UK, draws on principles from the UN declaration and Apple's terms of service to ensure safe and responsible text generation. While it can summarize up to 75,000-word texts, it has been prone to factual errors and "hallucinations." The Writers' Guild of Great Britain calls for an independent AI regulator and safeguards for authors' work in AI models.
RESEARCH 👩🔬
Survey: Over 25% of UK Adults Have Engaged with Generative AI
More than a quarter of UK adults have utilized generative artificial intelligence (AI), including chatbots, according to a recent survey. The adoption rate of generative AI has surpassed that of voice-assisted smart speakers, with 26% of respondents having used AI tools that generate text or images in response to human prompts. Approximately four million people have employed generative AI for work purposes. The rapid adoption and frequency of usage demonstrate the significant impact of generative AI technology, although its accuracy and regulatory aspects are still evolving.
AI and Online News Enable Data Scientists to Forecast Stock Returns
Researchers from Cornell University have developed an interpretable machine-learning framework that combines financial news and market data to predict stock returns more accurately than traditional models. The method, called News-Based Sparse Machine Learning Models for Adaptive Asset Pricing, utilizes text data from news articles to create interpretable machine-learning models. By incorporating specific assets and words associated with stocks and industries, the models outperformed traditional benchmarks. The research demonstrates the potential of AI and natural language processing in revolutionizing the finance industry.
INVESTMENT 💵
Causaly secures $60M funding to advance AI-driven discovery in pharmaceuticals
London and San Francisco-based AI startup Causaly has raised $60 million in series B funding, led by ICONIQ Growth and joined by Index Ventures, Marathon Ventures, EBRD, and Pentech Ventures. Causaly's AI-powered platform enables biomedical researchers to analyze and reference research papers, accelerating the drug discovery process. The company aims to help uncover treatments for complex diseases like Parkinson's and lung cancer. With a claimed 10 times productivity gain, Causaly's software reduces research time from years to weeks. The latest funding brings Causaly's total investment to $93 million.
KPMG Expands Partnership with Microsoft, Commits $2 Billion Investment in AI
KPMG and Microsoft have expanded their collaboration to enhance professional services through workforce modernization and AI solutions. KPMG plans to invest $2 billion in Microsoft Cloud and AI services over the next five years. The partnership aims to streamline client engagement across audit, tax, and advisory sectors. KPMG's global workforce of 265,000 professionals will leverage Microsoft Cloud and Azure OpenAI Service to drive creativity, expedite analysis, and allocate more time to strategic guidance.
TIPS & TRICKS 💁
Meta Takes Aim at OpenAI and GPT-4 with New AI Model
Meta Developing LLaMA V2 to Compete with OpenAI, Microsoft, and Google in Commercial AI Model Market. The model, capable of generating language, code, and images, aims to leverage the open-source community. Meta CEO Mark Zuckerberg emphasizes the importance of safety and intends to utilize the model for internal services while also providing it to external parties.
Meta unveils its latest AI innovation, CM3Leon, an advanced AI art generator set to revolutionize the world of digital creativity.
Credit: VentureBeat made with Midjourney
Meta's CM3Leon AI art generator takes the spotlight, boasting state-of-the-art text-to-image generation capabilities. Using transformer models, CM3Leon excels in coherence and contextual alignment, requiring fewer computational resources and achieving real-time responsiveness. With 7 billion parameters and supervised fine-tuning, it answers questions about images and edits them based on text instructions.
AI FUN 👻
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