Experience the Excitement: Meta Unleashes Revolutionary Llama 3 Designs to Supercharge Open-Source AI

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New AI models from Meta are making waves in technology circles. Meta’s new Llama models have differently sized underlying datasets, with the Llama 3 8B model featuring eight billion parameters, and the Llama 3 70B model some seventy billion parameters. The company’s new models, which were trained on 24,000 GPU clusters, perform well across benchmarks that Meta put them up against, besting some rivals’ models that were already in the market. What matters for those of us not competing to build and release the most capable, or largest AI models, what we care about is that they are still getting better with time. While Meta takes an open-source approach to AI work, its competitors are often prefer more closed-source work.

the investment amounts of Nvidia’s competitors in startup companies.

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Nvidia’s chief rivals in the AI chip space — AMD, Arm and Intel — have been investing aggressively in startups, too, looking to make up ground in markets inclusive of the especially frothy generative AI segment. IntelOf Nvidia’s competitors, Intel far and away has the biggest startup investment operation thanks to Intel Capital, its long-running VC. Curiously, AI startups — despite their strategic importance to the chip industry these days — make up a relatively small portion of Intel’s venture portfolio. According to Crunchbase, Intel’s holdings in software, IT and enterprise SaaS companies far outnumber its AI startup holdings by deal volume. AMDLike Intel and Arm, AMD invests in startups both directly and through a VC org, AMD Ventures.

SmartNews battles retaining users while Rivals Twitter/X Surge

Some of the most important channels for news traffic — Google Search, social platforms like Facebook — changed how they focus on and surface news links, and that’s had an overall hit on traffic and ad sales. And consumer tastes have changed, too, and it appears that the app is also struggling to attract and retain users. Given the decline in downloads, Apptopia said a figure of 10 million active users today would now be “a stretch.”Another firm, Sensor Tower, added more insight, noting that SmartNews had, on average, roughly 1.7 million worldwide daily active users between Q1 2023 and Q3 2023. Sensor Tower’s estimates indicate the SmartNews app has roughly 5 million worldwide monthly active users from Q1–Q3 2023, down an average of 30% year-over-year, per quarter, it said. Sensor Tower also suggested that lapsed product iterations and feature launches likely contributed to falling consumer interest and interaction with the SmartNews app.

Is It Time to Bid Farewell to Old Acquaintances and Embrace Technology?

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I don’t know that anyone expected such a massive deal to simply skate past regulators — particularly with all of the heat Amazon has received for privacy concerns and noncompetitive practices over the last decade. At the same time, I don’t think too many of us assumed that we would be barreling into 2024 with this big, open question mark. The deal has already been greenlit by a number of governmental bodies, but the process has felt drawn out at every step. If you’re a regular Actuator reader, you likely already know my feelings about outside scrutiny of business practices (I’m generally pro), but I expected something definitive by now. Amazon will be just fine, of course, but I can’t imagine this waiting game has been easy on iRobot, which underwent two rounds of layoffs in mid-2022 and early 2023.

CEO: Deep-Pocketed Competitors Force Jumia to Discontinue Food Delivery

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Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food. However, of all the streamlining efforts, its exit from the food delivery business across seven markets was the most unexpected. This trend might persist with its exit from the food delivery business. Jumia’s statement last week said that the company’s food delivery business wasn’t suitable to its market’s operating environment and macroeconomic conditions. Also, how fast will the company grow the physical goods business to make up for this food delivery exit?