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Elon Launches xAI’s Training Supercluster

Plus ICONIQ raises $5Bn for new AI fund

Today’s Highlights:

📰 News: xAI launches it’s AI training Supercluster + Tech giants launch initiative to standardize AI security measures

💰 Funding: ICONIQ raises $5Bn for latest AI focused fund + Cohere raises $500M

⚡️ Top News Stories:

1. Elon Musk announced the launch of xAI’s Memphis Supercluster, claimed to be the world's most powerful AI training cluster, w/ the supercluster using 100K liquid-cooled Nvidia H100 GPUs connected with a single RDMA fabric.

2. Coalition for Secure AI launched by OASIS aims to standardize security measures for AI with support from industry leaders.

  • CoSAI was announced by OASIS at the Aspen Security Forum, aiming to provide open-source tools and frameworks for creating Secure-by-Design AI systems.

  • The initiative addresses AI security risks such as model theft, data poisoning, prompt injection, scaled abuse, and inference attacks, intending to develop standardized security measures.

  • CoSAI's Premier Sponsors include tech giants like Google, IBM, Intel, Microsoft, NVIDIA, and PayPal, with additional support from companies like Amazon, Anthropic, Cisco, Chainguard, Cohere, GenLab, OpenAI, and Wiz.

3. OpenAI has launched new compliance tools for ChatGPT Enterprise, including a Compliance API and eight integrations with eDiscovery and Data Loss Prevention (DLP) companies to help organizations meet regulatory requirements and ensure data security.

4. OpenAI is in discussions with Broadcom and other semiconductor designers to develop new chips, aiming to reduce reliance on Nvidia and enhance its supply chain.

5. OpenAI CEO Sam Altman announced that a select group of users would access GPT-4o Advanced Voice in an alpha rollout later this month, with general availability expected later in the year.

6. Meta is negotiating to buy 5% of EssilorLuxottica, worth billions, to strengthen their Ray-Ban smart glasses partnership, while Google is also seeking collaboration with EssilorLuxottica, aiming to integrate its Gemini AI assistant into future smart glasses.

7. LinkedIn is integrating AI for career advice and adding daily puzzles to increase user engagement and growth in the competitive social media landscape.

8. Figma's "Make Designs" AI tool was temporarily disabled after generating UI designs that resembled Apple’s Weather app, w/ Figma now aiming to refine the AI tool to avoid accidental plagiarism and ensure reliable design assistance.

9. Apple released a family of open-source DCLM language models on Hugging Face, featuring 7Bn and 1.4Bn parameter models, with the larger model outperforming Mistral-7B.

10. AMD introduced Strix Point Ryzen AI chips built on Zen 5 architecture, claiming they outperform Apple’s M3 and M3 Pro in various tasks.

11. EA released "EA Sports College Football 25," its first college football game in over a decade, using AI for player likenesses, creating 3D avatars from photos of players' heads, supplemented by artists' enhancements.

12. California's Democratic legislature is debating a proposal to mandate AI testing for catastrophic risks before public release, w/ tech leaders arguing the California bill could deter innovation and impose excessive burdens on developers.

13. Ukrainian startups are developing AI systems to control drones, aiming to counter Russian signal jamming and enhance UAV coordination.

14. The Data Provenance Initiative found a significant reduction in data available for AI training due to increased restrictions by major web sources, w/ 25% of high-quality data and 5% of overall data in key datasets (C4, RefinedWeb, Dolma) having been restricted via protocols like robots.txt.

15. Google's NeuralGCM, a hybrid AI model, is improving long-range weather and climate predictions by integrating machine learning with traditional atmospheric physics models.

16. Researchers at the University of Hull have developed a method to detect AI-generated deepfake images by analyzing inconsistencies in eyeball reflections, w/ the technique using tools from astronomy, like the Gini coefficient, to measure the uniformity of light reflections in each eye, revealing differences indicative of deepfakes.

💰 Top Funding News:

1. ICONIQ Growth raised $5.75Bn for its seventh flagship fund, which will particularly support emerging technologies like AI, highlighting partnerships with AI market leaders. 

2. Cohere, which specializes in customizing AI models for enterprise applications, including document summarization, website content creation, and chatbot functionality, raised $500M in a Series D w/ major investors include Cisco, AMD, Fujitsu, PSP Investments, EDC, Nvidia, and Salesforce Ventures.

3. Saronic, which develops autonomous surface vessels (ASVs) for the U.S. Navy, raised a $175M Series B led by Andreessen Horowitz (a16z), w/ 8VC, Caffeinated Capital, Elad Gil, and NightDragon.

4. Commure will acquire AI scribe company Augmedix in an all-cash deal valued at $139M, positioning Commure to scale ambient documentation solutions and enhance its AI capabilities.

5. CytoReason, which utilizes computational disease models and AI to provide predictive clinical insights, helping biopharma companies improve the speed and accuracy of their R&D decisions, raised $80M from OurCrowd, NVIDIA, Pfizer, and Thermo Fisher Scientific.

6. Linx Security, which uses AI and analytics to address identity management, raised $33M from Index Ventures, Cyberstarts, Cerca Partners, Knollwood Investment Advisory, and notable angels.

7. Arrcus, which develops hyperscale networking software, leveraging AI to enhance distributed networking for data centers, 5G, edge, and hybrid/multi-cloud environments, raised $30M from Prosperity7 Ventures, NVIDIA, Lightspeed, Hitachi Ventures, Liberty Global, Clear Ventures, and General Catalyst.

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