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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

Meta’s AI-powered Ray-Bans have a discreet camera at the the front, for taking snap shots now not just when you ask them to, but also when their AI features trigger it with positive key phrases which include “appearance.” That means the smart glasses gather a ton of photos, both intentionally taken and in any other… Continue reading Meta won’t say whether it trains AI on smart glasses photos

Source: https://tinyurl.com/23a32te6 In July, we announced the addition of Meta’s Llama 3.1 open models to Vertex AI Model Garden. Since then, developers and enterprises have shown tremendous enthusiasm for building with the Llama models. Today, we’re announcing that Llama 3.2, Meta’s new generation of multimodal models, is available on Vertex AI Model Garden. Llama 3.2 is a new generation… Continue reading Meta Expands Llama AI Models to Guide Image Generation and Processing

Source: https://www.meta.com/blog/quest/ray-ban-meta-smart-glasses-new-styles-multimodal-ai-ferrari/ Meta CEO Mark Zuckerberg teamed up with former UFC Flyweight Champion Brandon Moreno to unveil interesting advancements in Ray-Ban clever glasses. The spotlight of the demonstration changed into a new real-time AI translation characteristic, permitting customers to speak throughout language obstacles seamlessly. During the live demonstration, Moreno spoke in Spanish, prompting Zuckerberg to… Continue reading Zuckerberg Showcases AI-Powered Translation in Ray-Ban Smart Glasses at Connect 2024