OpenAI introduces o1, a complex reasoning model

Today’s Highlights:

📰 News: OpenAI introduces o1, a new model built for complex reasoning

💰 Funding: OpenAI also expected to raise $6.5Bn+

⚡️ Top News Stories:

1. OpenAI has introduced o1, a new model designed for more thoughtful, accurate responses over speed, focusing on complex reasoning.

• This model particularly improves at multi step problem solving like coding and math

• Reinforcement learning is used to train o1, enhancing its reasoning abilities by simulating step-by-step human-like problem solving.

• The o1 preview is now available via ChatGPT Plus and the OpenAI API, allowing users to experiment with improved accuracy in tasks like coding and creative writing.

• The slower processing helps minimize AI hallucinations and enhances reliability in multistep reasoning tasks.

2. Adobe is previewing its Firefly Video model which will be available by the end of 2024, offering Generative Extend, Text to Video, and Image to Video features.

3. Google releases DataGemma, a new open AI model designed to reduce hallucinations by connecting LLMs to real-world data from Google's Data Commons, which contains over 240Bn data points from trusted sources like the UN, WHO, and CDC, ensuring LLMs access accurate, factual information.

4. Google's NotebookLM introduces Audio Overview, which creates an AI-generated podcasts from users notes and documents, with the AI hosts discussing and summarizing user research in a conversational format. 

5. Mistral launches Pixtral 12B, its first multimodal model handling both image and text inputs, and available for open use.

6. Salesforce launches Industries AI, embedding 100+ AI capabilities tailored to 15 different industries, streamlining tasks like clinical trial matching and inventory management.

7. Alongside Industries AI, Salesforce has launched Agentforce, AI agents capable of autonomous action in areas like sales, marketing, and customer service.

8. Oracle introduced over 50 AI agents embedded within Oracle Fusion Cloud Applications to automate repetitive business tasks across sectors like finance, HR, and supply chain.

9. Anthropic has launched Workspaces in the API Console to help developers manage multiple Claude deployments more effectively, by enabling specific monthly spend limits for each workspace, enabling better control over API costs.

10. Chai-1 debuts as an advanced AI for molecular structure prediction, enhancing drug discovery with superior accuracy.

11. Amazon's Audible is testing AI voice clones for narrators to streamline audiobook production while keeping narrators in control of usage.

12. MIT Sloan and Cornell researchers have found that AI chatbots can reduce belief in conspiracy theories by 20% after tailored conversations, w/ the AI chatbots effectively counter false beliefs by providing customized factual responses based on users' conspiracy views.

13. Eight Democratic Senators have asked the FTC to investigate whether AI summaries by Google and other tech platforms violate antitrust laws, arguing that AI summaries divert traffic and ad revenue from content creators by offering direct answers without permission.

14. AI executives, including Sam Altman, will be meeting with White House officials, including Energy Secretary Jennifer Granholm, to discuss AI’s growing energy consumption.

15. Ireland’s Data Protection Commission (DPC) is investigating if Google complied with GDPR in using personal data for training its GenAI models.

16. Meta admits to using public Facebook and Instagram data since 2007 to train AI models, unless users explicitly opted out through their privacy setting. 

17. Meta is finalizing an AI supercomputer powered by 100K+ NVIDIA H100 AI GPUs, expected to go live by Oct or Nov ‘24, which will be used to train Llama 4, Meta's next-generation LLM.

💰 Top Funding News:

1. OpenAI is in talks to raise $6.5Bn at a valuation of $150Bn, a major leap from its prior $86Bn valuation, w/ the funding round expected to be led by Thrive Capital, with participation from Microsoft, Apple, and Nvidia in discussions.

2. Glean, whose "Work AI" platform integrates AI into daily business operations, raised a $260M Series E, co-led by Altimeter and DST Global, w/ Craft Ventures, Sapphire Ventures, SoftBank Vision Fund 2, Coatue, General Catalyst, and Sequoia Capital. 

3. Smartcat, which offers an AI-powered platform for translating multilingual content, such as e-learning courses and websites, raised a $43M Series C, led by Left Lane Capital. 

4. AttoTude, which develops advanced interconnect technology designed to support high-speed data communication critical for AI and hyperscale data centers, raised a $29M Series A, led by Sutter Hill Ventures, Canaan Partners, and Wing Venture Capital.

5. Connectly, which uses AI to power conversational commerce, enabling retailers to create personalized, two-way customer interactions, raised a $20M Series B, led Alibaba, w/ Unusual Ventures, Volpe Capital, RX Ventures, Falabella Ventures, and Philippos Kourkoulos Latsis.

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