News

Source: https://shorturl.at/RrTmz Walmart unveiled its strategy to accelerate Adaptive Retail, the new era of retail defined by profoundly personal experiences that brings shopping to customers in exactly the ways they want and need. The company revealed proprietary artificial intelligence (AI), Generative AI (GenAI), Augmented Reality (AR) and Immersive Commerce platforms it is leveraging to create… Continue reading Walmart Reveals Plan for Scaling Artificial Intelligence, Generative AI, Augmented Reality and Immersive Commerce Experiences

Source: https://shorturl.at/AMWHn AI GPU cloud platform TensorWave has closed a $43 million SAFE (simple agreements for future equity) funding round. Led by Nexus VP, the round also included participation from Maverick Capital, Translink Capital, Javelin Venture Partners, Granite Partners, and AMD Ventures. Under the terms of a SAFE round, investors have the right to convert their… Continue reading AI GPU cloud platform TensorWave closes $43m funding round

Source: https://blogs.nvidia.com/blog/nvidia-ai-summit-washington/?ncid=so-inst-988599 Accelerated computing is sustainable computing, Bob Pette, NVIDIA’s vice president and general manager of enterprise platforms, explained in a keynote at the NVIDIA AI Summit on Tuesday (Oct. 08, 2024) in Washington, D.C. NVIDIA’s accelerated computing isn’t just efficient. It’s critical to the next wave of industrial, scientific and healthcare transformations. “We are in… Continue reading NVIDIA AI Summit Highlights Game-Changing Energy Efficiency and AI-Driven Innovation

Source: https://openai.com/index/introducing-canvas/ We’re introducing canvas, a new interface for working with ChatGPT on writing and coding projects that go beyond simple chat. Canvas opens in a separate window, allowing you and ChatGPT to collaborate on a project. This early beta introduces a new way of working together—not just through conversation, but by creating and refining ideas… Continue reading A new way of working with ChatGPT to write and code

Source: https://gulfbusiness.com/mgx-joins-openais-6-6bn-investment-round/ OpenAI, the company behind ChatGPT, has raised $6.6bn from investors, which could value the company at $157bn and cement its position as one of the most valuable private companies in the world. The funding has attracted returning venture capital investors, including Thrive Capital and Khosla Ventures, OpenAI’s biggest corporate backer, Microsoft and new… Continue reading OpenAI secures $6.6bn investment from UAE’s MGX, Nvidia

Source: https://www.bbc.com/news/articles/c70wj5wg5r6o Artificial intelligence (AI) software cut the hours that social workers spent on admin tasks by more than 60% in a recent pilot scheme. Magic Notes, a tool which records conversations and generates assessments, was trialled by 19 Swindon Borough Council social workers, with “overwhelmingly positive” results. The workers were able to spend more… Continue reading AI software a ‘game changer’ for social workers

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=2060437 BharatGen, a pioneering initiative in generative AI designed to revolutionize public service delivery and boost citizen engagement through developing a suite of foundational models in language, speech and computer vision, was inaugurated in the virtual presence of Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, Minister of State… Continue reading Government of India Launches BharatGen, First Government-Funded Multimodal AI Initiative

  Source: https://tinyurl.com/47srxvw5 Google is adding new AI-powered features on Maps in India including AI-powered summaries, the ability to search for experiences, and weather alerts. The Maps app will analyze reviews and show summaries of places, it said. The company made the announcement at its annual Google for India event on Thursday. Additionally, users will… Continue reading Google Maps will show AI-powered review summaries in India

Source: https://github.com/openai/whisper/discussions/2363 We’re releasing a new Whisper model named large-v3-turbo, or turbo for short. It is an optimized version of Whisper large-v3 and has only 4 decoder layers—just like the tiny model—down from the 32 in the large series. This work is inspired by Distil-Whisper[1], where the authors observed that using a smaller decoder can greatly improve transcription speed while causing minimal degradation in accuracy. Unlike… Continue reading OpenAI Launches Whisper V3 Turbo Model for Faster Transcription