🗞️ YOUR DAILY ROLLUP
Top Stories of the Day
Perplexity AI Targets $8 Billion Valuation
Perplexity AI seeks $500 million in funding, potentially doubling its valuation to over $8 billion. The startup, generating $50 million annually, introduced a revenue-sharing model to ease content concerns.
Midjourney to Launch AI Image Editor
Midjourney will introduce a web tool for AI-driven image editing with human and AI moderation to prevent misuse, addressing concerns over deepfakes and copyright violations, including political content filters.
SandboxAQ Seeks Funding at $5 Billion Valuation
SandboxAQ, specializing in quantum physics-based software for sectors like healthcare and navigation, seeks funding to reach a $5 billion valuation, focusing on Large Quantitative Models over generative AI.
IBM Launches Granite 3.0 AI Models
IBM's Granite 3.0 AI models focus on performance, efficiency, and safety, featuring Mixture-of-Experts for low latency and advanced risk detection, enhancing AI accessibility for business applications.
Microsoft to Launch AI Agents in November
Microsoft will let businesses build autonomous AI agents via Copilot Studio in November, enabling automation of routine tasks like communications and inventory management with minimal human involvement.
Apple AI Reportedly Two Years Behind
Internal Apple research reveals Siri lags behind OpenAI's ChatGPT by 25% in accuracy, highlighting a two-year gap in generative AI technology compared to industry leaders.
♟️ AI STRATEGY
Microsoft’s AI Playbook
The Recap:
Microsoft’s latest Copilot updates signal its ambition to dominate both work and personal AI usage. The rollout introduces advanced voice, vision, and conversational tools, positioning Copilot as a seamless daily assistant while aiming to outcompete rivals like Apple, Google, and Adobe.
Microsoft's Copilot now features visual recognition and conversational capabilities, expanding beyond workplace productivity.
Microsoft AI CEO Mustafa Suleyman envisions AI as an integral part of daily life, introducing Copilot as a personal assistant available across both iOS and Android platforms.
The integration of generative AI in tools like Microsoft Paint challenges Adobe's creative suite.
Copilot Vision allows users to analyze web content in real time, combining voice and visual AI.
New features like Copilot Daily provide audio summaries of news, taking aim at Google’s AI products.
Microsoft lags in AI chip development, where rivals Google and Amazon are ahead.
AI-driven services, especially in the cloud, have boosted Microsoft’s revenue but its stock performance trails competitors in 2024.
Forward Future Takeaways:
Microsoft's strategy with Copilot positions it as a multi-platform AI leader, emphasizing usability in everyday scenarios. However, its late start in AI hardware development could hinder long-term competitiveness. The focus on creating indispensable AI tools for both work and personal life will be crucial for Microsoft's success against entrenched players like Google and Apple. → Read the full article here.
👾 FORWARD FUTURE ORIGINAL
Scale Is All You Need? Part 3-2
This article is a Forward Future Original by guest author, Kim Isenberg.
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US power demand likely to experience growth
not seen in a generation.
Goldman Sachs
After analyzing the exponentially increasing demand for compute, which is largely driven by the increasing complexity and size of modern AI models, we are now turning our attention to one of the fundamental requirements for these developments: power. Without sufficient energy supply, even the most powerful data centers and GPUs would not be able to do their work.
But as the models continue to grow in size, energy requirements are also growing at a breathtaking pace. Each additional GPU used to train models like GPT, Llama or DALL-E consumes not only more computing power but also more electricity This leads us to a crucial bottleneck on the road to AGI: the availability and sustainability of energy. While companies like NVIDIA are working on developing more efficient chips (e.g. NVIDIA's B200 series is said to be significantly more energy efficient than the H100 series), the energy question remains unresolved: power consumption is increasing exponentially, and the efficiency gains of modern hardware can only cushion this development to a limited extent.
A glance at the infrastructure already shows that the demand for energy for AI applications has reached new dimensions. Microsoft's purchase of 5 gigawatts from the Three Mile Island nuclear power plant is a clear indicator of the amount of electricity needed to operate AI systems today. Sam Altman of OpenAI also secures access to enormous amounts of energy to ensure the future development of his AI models. → Continue reading here.
📽️ VIDEO
OpenAI Unveils Open-Source Agent Framework, NVIDIA’s New Chips, and More
OpenAI has released "Swarm," an open-source agentic framework, marking their entry into multi-agent orchestration tools, while NVIDIA continues its cutting-edge hardware advancements by delivering its latest powerful GPUs to OpenAI.
Get the full scoop and more in our latest video! 👇
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