Meta launches Llama 3.1, a super-powerful open source AI model

Today’s Highlights:

📰 News: Meta and Mistral launch huge model updates + major product updates from OpenAI, Airtable, Bing, Stability AI, and Adobe

💰 Funding: Harvey raises $100M Series C for its Legal AI platform

⚡️ Top News Stories:

1. Meta launches Llama 3.1, a powerful open-source AI model, expanding capabilities and fostering innovation.

• Meta is emphasizing open-source AI as beneficial for developers, Meta, and global progress.

• The new model offers a 128K context length, supports eight languages, and includes Llama 3.1 405B, an advanced open-source AI rivaling top closed-source models, aimed at enabling workflows like synthetic data generation. 

• Meta provides additional components like Llama Guard 3 and Prompt Guard for secure and responsible development, and seeks community feedback on the new Llama Stack API.

• Over 25 partners, including major tech companies like AWS, NVIDIA, Databricks, and Google Cloud, support Llama 3.1 from day one, enhancing its ecosystem.

• Llama 3.1 outperforms many models with 15 trillion tokens trained on 16K GPUs. It is openly available for download, allowing full customization and development across various environments.

2. OpenAI launches SearchGPT, an AI search engine to rival Google and Perplexity.

• SearchGPT will provide timely, nuanced, context-aware search results that include links to relevant sources, enhancing user experience.

• It will integrate conversational capabilities to refine and personalize responses, distinguishing itself from traditional search engines. 

• The prototype emphasizes collaboration with publishers, maintaining content quality and attribution.

3. Mistral AI announces Mistral Large 2, an advanced model with enhanced capabilities in code generation, mathematics, and reasoning.

• The open-source model supports 128k context window, dozens of languages, and 80+ coding languages., all while being available for use on Mistral's platform and major cloud providers.

• It offers improved performance, cost efficiency, and multilingual support.

• Mistral Large 2 includes advanced function calling and reasoning, minimizing hallucinations and improving accuracy.

4. Airtable launches Cobuilder, an AI tool that enables users to create custom business applications instantly using natural language descriptions, w/ additional features including document extraction, internet data integration, and customizable AI models, with pre-built templates for various business needs.

5. Bing introduces generative search, combining generative AI with traditional search results, and providing an alternative to Google’s generative search experience.

6. ​​Stability AI introduces Stable Video 4D, a model that can produce videos from eight different angles in 40 seconds from a single source, enhancing dynamic 3D video creation needed for game development, video editing, and virtual reality, ensuring consistency across frames and views.

7. Adobe introduces new AI-powered features for Illustrator and Photoshop; the new Generative Shape Fill (beta) in Illustrator allows users to quickly create detailed vectors using text prompts; the Selection Tool Brush and enhanced Type Tool improve productivity and precision in Photoshop. 

8. DeepMind's AI, using models AlphaProof and AlphaGeometry 2, achieved a silver medal level at the International Mathematical Olympiad (IMO), as success is seen as a significant milestone for showcasing AI's advancing capabilities in complex mathematical reasoning.

9. Nvidia is developing a new AI chip, tentatively named the "B20," for the Chinese market, compliant with U.S. export controls.

10. The FTC is investigating eight companies, including Mastercard and JPMorgan Chase, for using AI to adjust pricing based on consumer behavior, w/ the FTC's concern centering around potential consumer harm and unfair pricing practices.

11. A group of senators has asked OpenAI to provide details on its AI safety measures following internal warnings about rushed safety testing of GPT-4 Omni, and also addressed the employee agreements that may have prevented workers from reporting risks, w/  whistleblowers alleging restrictive severance and nondisclosure agreements.

12. US Representative Jennifer Wexton uses an AI-generated model of her voice to speak on the House floor after being diagnosed with progressive supranuclear palsy (PSP), marking the first time an AI voice clone was used to address Congress. 

13. Google updates Play Store with AI-powered reviews, curated spaces, and personalized features.

14. Reddit has updated its robots.txt file to block most search engine and AI crawlers from accessing its content, including Microsoft Bing. However, Google is not blocked, thanks to a $60M annual licensing deal.

💰 Top Funding News:

1. Harvey, the leading Legal AI platform, raised a $100M Series C at a $1.5 Bn valuation, led by Google Ventures (GV), w/ OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel. 

2. Monarch Tractor, which uses AI for their fully electric driver-optional smart tractors, raised a $133M Series C, co-led by Astanor and HH-CTBC Partnership, L.P., w/ At One Ventures, PMV, and The Welvaartsfonds.

3. Clio, which is introducing Clio Duo, a generative AI solution designed to assist lawyers with routine tasks, raised a $900M Series F led by New Enterprise Associates (NEA), with participation from Goldman Sachs, Sixth Street Growth, CapitalG, and Tidemark.

4. Pearl, which utilizes AI to aid dentists in making more accurate diagnoses through its AI-powered platform, raised a $58M Series B, led by Left Lane Capital, w/ Smash Capital, Craft Ventures and others.

5. Lakera, which uses AI to provide real-time security for generative AI applications, raised a $20M Series A, led by Atomico, w/ Citi Ventures, Dropbox, and others. 

6. Lumi, a company founded by Colin Kapernick, is using advanced AI tools to enhance the creative process for storytellers, and raised a $4M Seed Round, led by Seven Seven Six, w/ Kapor Capital, Impellent Ventures, and notable angels. 

7. Reworkd, which leverages AI to automate web data extraction and business workflows, raised a $1.25M Pre-Seed round, led by Panache Ventures and Y Combinator.

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