AI In Your Pocket, On Your Doorstep, In Your Code: It's Everywhere!
FoF Specials – Generative AI News Nexus | Edition #3 (March 2024)
This month's AI headlines are like watching a baby robot take its first steps – impressive, wobbly, and full of potential. Get ready for mind-blowing advancements, and ethical head-scratchers that will help you navigate the ever-shifting world of AI! 🚀
Today’s ‘ÀI’ la carte:
Anthropic's Claude 3 Family Redefines AI!
Algorithm A-List: 10 Must-Know AI Headlines This Month!
Code-undrum decoded, sorted by segment!
AI Alchemy: AI Resources for the Curious Minds
Anthropic's Claude 3 Family - One Size Doesn't Fit All!
The race for the ultimate AI assistant just got a new challenger! Anthropic's Claude 3 family has arrived, and its star player, Claude 3 Opus, is stealing the show. While GPT-4 has been dominating the top AI algorithms in terms of capabilities, Claude 3 Opus is now stealing the spotlight. Here’s what it brings to the table:
Claude 3 Opus emerges as the knowledge powerhouse. While GPT-4 excels at broad understanding, Claude 3 Opus offers insightful solutions tailored to specific needs.
Claude 3 Sonnet is the Speedy Scholar. This model tackles data analysis and code generation with both brains and brawn, offering a perfect balance of accuracy and efficiency.
Claude 3 Haiku prioritises speed for real-time applications with limited resources, maintaining impressive performance across various tasks.
While GPT-4 remains a formidable competitor, Claude 3 family pushes the boundaries of AI assistants. This "thinking partner" adds another dimension to the conversation, emphasising the importance of specialised models for optimal performance!
Get Ready for Tech's AI-apocalypse — Edition #3 is fresh off the press!
🔝 Top 10 AI Updates from March 2024
Starting with AI-verse's most talked-about marvel this month!
↳ The European Parliament passed the groundbreaking AI Act, establishing the world's first comprehensive legal framework for Artificial Intelligence.
↳ Adding to the spice, Humanoid robot-maker Figure partnered with OpenAI to fuse its artificial intelligence systems into the bodies of humanoid robots.
AI Everywhere, From Finance to Film
↳ Credit Karma incorporated generative artificial intelligence into its app as it rolls out changes that go beyond its roots in credit scores and reports.
↳ Following that path, Apple grabbed headlines with another under-the-radar acquisition, as it purchased Canadian AI startup DarwinAI. Welcome to the AI madness!
Safety First in This Month's Advancements
↳ DoorDash launched the AI-powered feature “SafeChat+,” to review in-app conversations and determine if a customer or Dasher is being harassed.
↳ Meanwhile, Network International, the enabler of digital commerce across the Middle East and Africa, extended the benefits of Mastercard’s Brighterion fraud prevention solution, powered by AI, to over 60,000 merchants.
Tech giants are betting big on AI
↳ Adobe unveiled a dozen new generative AI tools and capabilities and also revealed a partnership with Microsoft and Accenture to expand the audience for its AI offerings.
↳ Following suit, Microsoft launched two new Surface devices/computers exclusively for its business customers, adding a dedicated “Copilot” key to both the Surface Pro 10 and Surface Laptop 6 to enable swift access to its AI assistant.
In Full Swing to Simplify Complexities
↳ Nvidia launched Blackwell, an AI-powered GPU and NIM, a new software platform designed to streamline the deployment of custom and pre-trained AI models into production environments.
↳ At the same time, GitHub launched the first beta of its code-scanning auto-fix feature for finding and fixing security vulnerabilities during the coding process.
Now, let's decode the ‘code’-undrum –
OpenAI made waves in March: From multilingual media marriage to championing AI for good and a Whispered "Hello" ―
OpenAI’s announcements were splashed across every tech news feed as it forged ahead on deals with some of France’s and Spain’s largest news publishers - it signed contracts with Le Monde and Prisa Media to bring French and Spanish news content to OpenAI’s ChatGPT chatbot. This will put the organisations’ current events coverage — from brands including El País, Cinco Días, As and El Huffpost — in front of ChatGPT users where it makes sense, as well as contribute to OpenAI’s ever-expanding volume of training data.
Ethics & Engagement:
↳ OpenAI and 300-plus technology vendors signed an open letter highlighting a “collective responsibility” to “maximise AI’s benefits and mitigate the risks” to society, in the tech industry’s latest effort to call for building artificial intelligence responsibly.
↳ Recent trademark filings by OpenAI cover the term "voice engine", suggesting that the maker of ChatGPT, could be in the process of developing a voice assistant product.
Last month’s AI Startup Showcase had quite the AI mix ― from workplace revamps to blockchain dreams! Here's a taste of the tech that'll blow your circuits:
Billionaire Elon Musk pledged to open-source his artificial intelligence company xAI’s chatbot Grok, a pivotal move to make the generative AI bot freely available to premium subscribers of X.
Zoom made a major move to integrate artificial intelligence throughout its platform with the launch of Zoom Workplace and new AI Companion expansions. The company aims to reimagine teamwork and provide an all-in-one AI-driven solution for modern work.
0G Labs, a web3 infrastructure firm, raised $35M in a pre-seed round from over 40 crypto investors. The funding will be used to build out 0G Labs’ vision of creating a full-stack blockchain-based solution for training, deploying, and running artificial intelligence models.
Midjourney, the AI startup building image generators, made a small change to its terms of service related to the company’s policy around IP disputes. It mainly served to replace jokey language with more lawyerly, doubtless case law–grounded clauses.
This month witnessed Apple joining other BigTechs in doubling down on AI investments. Let's crack open the vault and see what they've unearthed:
Apple out of the Gen AI closet:
↳ After months of whispering about advancements in AI, Tim Cook spilt the beans in February, hinting at a plethora of generative AI projects brewing in secrecy. True to their "show, not tell" style, Apple followed up with a quiet acquisition of the Canadian AI startup, DarwinAI.
↳ Apple also held discussions with potential artificial intelligence partners, including Google, OpenAI and Anthropic, to integrate generative AI into large-language models for its upcoming iOS 18.
↳ Its upcoming annual Worldwide Developers Conference on 10 June 2024 is expected to further divulge its AI innovation strategy.
Adobe and AI: BFFs
↳ Introduced Adobe Express, a new mobile app that extends its cloud-based design platform to mobile users. The app features Adobe Firefly's generative AI capabilities, offering creative and editing functions for content creation.
↳ Unveiled a dozen new generative AI tools and capabilities, and also revealed a partnership with Microsoft and Accenture to expand the audience for its AI offerings.
Nvidia launched Blackwell, an AI-powered GPU and NIM, a new software platform to streamline the deployment of custom and pre-trained AI models into production environments.
Here’s something you just can’t miss ㅡ AI Powerhouse on Display: Decoding NVIDIA GTC 2024
Microsoft, the ever watchful giant, also made its moves in the generative AI space ㅡ
↳ Microsoft's research division launched a new artificial intelligence (AI) model to turn a still image into a Pix2Gif in seconds. The tool quickly generates GIFs from images, guided by text prompts.
The AI and Finance fusion witnessed central banks embracing AI, exploring diverse use cases ranging from data analysis to supervision.
The European Central Bank (ECB) found more than 40 use cases for generative artificial intelligence (Gen AI) in banking supervision, highlighting the potential for new technology to make day-to-day supervision easier.
National Payments Corporation of India (NPCI) signed a multi-year memorandum of understanding (MoU) with the Indian Institute of Science (IISc), Bangalore, for conducting joint research on blockchain and artificial intelligence (AI) technology.
The Bank Of England unveiled plans to implement a cloud-based data and analytics platform. The modernisation programme will also see the central bank carry out a set of AI pilots. An AI task force will oversee testing for a set of tightly-defined use cases in different parts of the business.
This ain't the end, Fintech X AI trends extend! Dive deeper, don't delay, our carousels point the way!
The gadget vault just unlocked, revealing a treasure trove of AI hardware innovations! Buckle up for brainy servers and robots that (almost) anyone can control. It's time to witness the evolution of AI gear! 🔧
Lenovo introduced AI servers and workstations powered by Nvidia technology to enhance GenAI capabilities for businesses and developers. The servers are designed to support professional users in developing generative AI and large language models - the technology underpinning ChatGPT and similar AI tools.
Samsung officially confirmed that OneUI 6.1 will roll out starting March 28 for eligible previous-generation Galaxy S series and Z series flagship smartphones to enable Galaxy AI features. The update will also be available for the Galaxy Tab S9 series in April.
ABB Robotics unveiled its inaugural Flexley Tug T702 autonomous mobile robot, outfitted with AI-driven Visual SLAM navigation technology and the innovative AMR Studio software. This breakthrough enables novice robot operators to effortlessly program and manage entire fleets of mobile robots.
The gears of AI regulation were seen to be in motion during the month - Rights, Reforms, and a Copyright Caper! It's time to navigate the twists and turns of AI's legal landscape! ⚖️
The European Parliament passed the landmark AI Act that ensures safety and compliance with fundamental rights while boosting innovation. The regulation establishes obligations for AI based on its potential risks and level of impact.
Our ‘Decoding EU AI Act’ is your cheat code - swipe through to navigate the regulations with ease!
The Ministry of Electronics and Information Technology (MeiTY) withdrew a contentious ‘advisory’ that required Artificial Intelligence (AI) firms to obtain government permission to make their products available to users online in India.
The US Federal Trade Commission conducted an inquiry focused on Reddit’s data-licensing practices related to the training of artificial intelligence systems. This revelation comes as Reddit gears up for its IPO.
The Autorité de la Concurrence announced a €250M fine against Google for failing to notify news publishers that it is using their content to train its generative AI model Gemini.
The world of tech talk and gadgets galore might look like a binary maze, but fear not! We're here to guarantee the techno-lingo won't scramble your neural network.
Come aboard each edition as we decode some AI terms:
And that's a wrap 👋
We hope this AI expedition has sparked your circuits, filled you with wonder, and ignited a hunger for more! Keep your data lines active with our Generative AI News Nexus, because we're committed to serving up a monthly feast of AI marvels!
As thanks for cruising with us through the AI journey together, grab these awesome resources to supercharge your AI engine and keep the momentum going:
Maximize the value of hybrid cloud in the generative AI era - IBM
How AI-driven Process Intelligence can transform banking operations - BCG
Artificial intelligence - Future Today Institute
How generative AI can help banks manage risk and compliance - McKinsey
Use of AI/ML in financial supervision by central banks - Future Matters
Preparing for banking’s AI revolution - American Banker
The human side of generative AI: Creating a path to productivity - Mckinsey
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