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Source: Live Mint When Meta, the parent company of Facebook, announced its latest open-source large language model (LLM) on July 23rd, it claimed that the most powerful version of Llama 3.1 had “state-of-the-art capabilities that rival the best closed-source models” such as GPT-4o and Claude 3.5 Sonnet. Meta’s announcement included a table, showing the scores…
Source: Live Mint A recent study from Meta, conducted by consumer insights platform GWI, has revealed notable shifts in India’s festive shopping trends. The research highlights the increasing role of AI, quick commerce, micro influencers, and regional language content in shaping consumer behaviour during the festive season. According to Arun Srinivas, Director and Head of…
Source: Live Mint Facebook owner Meta on Friday unveiled a new AI model called Movie Gen that can produce realistic-looking videos using only text prompts. Meta’s announcement comes almost 6 months after OpenAI took the AI industry by storm by unveiling its text-to-video generator, Sora. Movie Gen can also generate background music and sound effects…
Source: Live Mint PwC India has announced a collaboration with Meta to enhance the adoption of open-source AI solutions utilizing Meta’s Llama models. This partnership aims to develop innovative applications for both enterprises and citizen services, focusing on the capabilities of Generative AI (GenAI). The timing of this collaboration aligns with the Indian government’s recent…
Source: Live Mint Mira Murati, OpenAI’s Chief Technology Officer (CTO), announced her decision to step down from CTO post on Thursday, September 26, after more than six years of service. The woman, who has been a key figure behind the company’s most significant AI developments, announced her exit and explained that she is making this…
Source: Live Mint Large language models have a keen appetite for electricity. The energy used to train OpenAI’s GPT-4 model could have powered 50 American homes for a century. And as models get bigger, costs rise rapidly. By one estimate, today’s biggest models cost $100m to train; the next generation could cost $1bn, and the…
Source: Live Mint Large language models have a keen appetite for electricity. The energy used to train OpenAI’s gpt-4 model could have powered 50 American homes for a century. And as models get bigger, costs rise rapidly. By one estimate, today’s biggest models cost $100m to train; the next generation could cost $1bn, and the…
Source: Live Mint Since AI’s most popular offering, OpenAI’s ChatGPT, debuted two years back and made esoteric AI tech accessible to the masses, there has been excitement over intelligent machines taking over mundane tasks or assisting humans in complex work. Geeks declared that costs would drop and productivity skyrocket, eventually leading to ‘artificial general intelligence’,…
Source: Live Mint Mr Pichai is not alone. New Street Research, a firm of analysts, estimates that Alphabet, Amazon, Meta and Microsoft will together splurge $104bn on building AI data centres this year. Add in spending by smaller tech firms and other industries and the total AI data-centre binge between 2023 and 2027 could reach…
Source: Live Mint I’m sorry Dave, I’m afraid I can’t do that.” HAL 9000, the murderous computer in “2001: A Space Odyssey” is one of many examples in science fiction of an artificial intelligence (AI) that outwits its human creators with deadly consequences. Recent progress in AI, notably the release of ChatGPT, has pushed the…
