BlackRock, Microsoft and the Abu Dhabi-backed investment entity MGX have unveiled plans to launch one of the largest AI-focused investment funds in history. This venture, with an initial capital commitment exceeding $30 billion.
OpenAI has unveiled OpenAI o1. new AI model is officially named “o1” and is commonly referred to as Strawberry. The o1 model is integrated into OpenAI’s ChatGPT Plus, making it accessible to developers and scientists from September 14, 2024.
On Monday, Apple CEO Tim Cook introduced the iPhone 16, the company’s first phone specifically designed with artificial intelligence. During the two-hour-long presentation, the words artificial intelligence were never mentioned. Instead, Apple chose to refer to its new technology as Apple Intelligence.
Afraid is set in a modern-day suburban home, where Curtis and Meredith live with their three children. The family’s life takes a dark turn when Curtis, a marketing professional agrees to test a new AI assistant, AIA in their home. AIA, pronounced Eye-a is designed to assist with everyday tasks but soon reveals a more sinister side.
Gemini AI is reportedly being integrated into the Bisto class of earbuds, which are Google Assistant-enabled headphones. The integration will enable users to access Gemini AI hands-free, bypassing the need to use a smartphone.
Groq has successfully raised $640 million in a Series D funding round. This funding was led by investors such as BlackRock, with participation from Neuberger Berman, Type One Ventures, Cisco, KDDI and the Samsung Catalyst Fund. This investment brings Groq’s total funding to over $1 billion and also boosts the company’s valuation to $2.8 billion.
The European Union’s AI Act has officially come into force on August 1, 2024. This legislation plans to govern how companies develop, deploy and use AI targeting large US tech giants and other businesses operating within EU market.
Meta has announced the release of Llama 3.1, its most powerful open-source AI model to date. With 405 billion parameters, this model is the largest from Meta and also sets a new benchmark in the open-source. The company claims that Llama 3.1 outperforms other leading models like OpenAI’s GPT-4o and Anthropic’s Claude 3.5 Sonnet in several key areas.
On July 22, 2024, Musk announced on X that his AI company, xAI has commenced training its large language model (LLM), Grok on what he claims to be the world’s most powerful AI training cluster, known as the Memphis Supercluster.
Amazon has announced that its AI-powered shopping assistant named Rufus. It is now accessible to all U.S. customers through the Amazon mobile app. This follows an initial beta phase where only a select group of users could interact with the chatbot.
