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“Discover Llama 3: The High-Quality Open Model by Meta”

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Meta has released the latest entry in its Llama series of open source generative AI models: Llama 3. Meta describes the new models — Llama 3 8B, which contains 8 billion parameters, and Llama 3 70B, which contains 70 billion parameters — as a “major leap” compared to the previous-gen Llama models, Llama 2 8B and Llama 2 70B, performance-wise. In fact, Meta says that, for their respective parameter counts, Llama 3 8B and Llama 3 70B — trained on two custom-built 24,000 GPU clusters — are are among the best-performing generative AI models available today. So what about toxicity and bias, two other common problems with generative AI models (including Llama 2)? The company’s also releasing a new tool, Code Shield, designed to detect code from generative AI models that might introduce security vulnerabilities.

“First Look: Boston Dynamics’ Newly Unveiled Atlas Robot Amazes Experts”

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This week Boston Dynamics retired its well-known Atlas robot that was powered by hydraulics. Then today it unveiled its new Atlas robot, which is powered by electricity. Its new Atlas robot is leaner, and appears to have improved range-of-motion. Size and ability to contort and maneuver are not cosmetic elements to a humanoid robot — they can unlock new use cases and possible work environments. Happily for those of us who want a domestic robot to handle household chores and hold our hands whilst we cry, there are other startups working on the humanoid robot project.

“Lucid Motors Breaks Delivery Records and Expands Search for Electric Vehicle Customers”

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Lucid Motors delivered more EVs in the first quarter of 2024 than it has in any other quarter, though it set the record by a very slim margin. The Saudi-backed, California-based electric vehicle company said Tuesday morning that it shipped 1,967 luxury sedans in the quarter. That’s just a few more than it shipped in the fourth quarter of 2022, when it set its previous record of 1,932 deliveries. Lucid’s new delivery record comes as the company is struggling to find consistent demand for its pricey luxury sedan, the Air. But it has not specified how many Air sedans have made it to the Kingdom to date.

Collaborative Efforts of EU and US to Address AI Safety, Standards, and Research Initiatives

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“Through the AI Act and through the [AI safety- and security-focused] Executive Order — which is to mitigate the risks of AI technologies while supporting their uptake in our economies.”Earlier this week the US and the UK signed a partnership agreement on AI safety. Wider information-sharing is envisaged under the US-UK agreement — about “capabilities and risks” associated with AI models and systems, and on “fundamental technical research on AI safety and security”. It also announced a plan to spend £100M on an AI safety taskforce which it said would be focused on so-called foundational AI models. At the UK AI Summit last November, Raimondo announced the creation of a US AI safety institute on the heels of the US Executive Order on AI. Neither the US nor the UK have proposed comprehensive legislation on AI safety, as yet — with the EU remaining ahead of the pack when it comes to legislating on AI safety.

Google Suggests Apple Will Be Adopting RCS by Autumn

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Google hints that Apple is set to support RCS by this fallGoogle briefly showed a section on the new Google Messages page claiming that Apple is set to roll out Rich Communication Services (RCS) support for iPhones this fall. This indicates that the iPhone maker is likely to extend RCS support in with the upcoming iOS 18 update. “Apple has announced it will be adopting RCS in the fall of 2024. Last November, Apple confirmed that it was working on adding support for RCS. Google’s partial reveal about the RCS compatibility timeline for iPhones comes as the U.S. Department of Justice is starting a legal battle against Apple over the Cupertino-based company’s monopolistic practices.

Ibotta’s Foray into Enterprise: A Promising Prelude to a Fruitful IPO

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The 13-year-old cash-back startup looks to make its public debut after turning profitable and recording impressive revenue growth in 2023. The company reported $320 million in revenue in 2023, up 52% from 2022 when it produced $210 million in revenue. Ibotta’s gross profits grew 68% from 2022, $164.5 million, to 2023, $276 million. According to the S-1, this partnership plays a big role in Ibotta’s revenue boost. “Our revenue growth significantly accelerated with the addition of new publishers to the IPN,” according to the S-1.

“ElevenLabs Teams Up with Rabbit to Enhance Voice Control on Its Device”

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Hardware maker Rabbit has tapped a partnership with ElevenLabs to power voice commands on its devices. The Rabbit r1 will ship with ElevenLabs’ tech, which will enable voice commands from the users and how the pocket AI device talks back to them. ElevenLabs said that while r1 was poised for voice interaction from the start, the company’s low latency models will make interactions more human-like. Our collaboration is about making the r1 a truly dynamic co-pilot, ” ElevenLabs’ CEO Mati Staniszewski said in a prepared statement. In January, Rabbit said that it will use Perplexity AI’s solutions to answer users’ questions on the device.

“Prepare for an Unforgettable Experience at Apple WWDC 2024: June 10-14, Expect the ‘A.I.'”, Delightful!

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Apple SVP Greg “Joz” Joswiak just confirmed via the social media platform formerly known as Twitter that the company’s annual World Wide Developer Conference is set for June 10-14. In what is no doubt a nod to the company’s artificial intelligence ambitions, the exec is promising that the event will be “Absolutely Incredible.”Mark your calendars for #WWDC24, June 10-14. pic.twitter.com/YIln5972ZD — Greg Joswiak (@gregjoz) March 26, 2024As the name “D” in WWDC suggests, the event is heavily focused on developers for Apple’s various operating systems. WWDC seems like the most likely platform for such an announcement — and, perhaps, details on a rumored Google Gemini partnership for the iPhone. As ever, the event will include a small cohort of “winners,” 50 of whom will be invited to the in-person event in Cupertino.

“Departure of Nexus’ Leading Partner Sameer Brij Verma Signals Launch of Independent Fund”

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Sameer Brij Verma, a high-profile investor at the Indian venture firm Nexus, will be leaving the fund later this year, he confirmed to TechCrunch. Verma plans to launch his own venture firm, with the inaugural fund expected to have a corpus of at least $150 million, a source familiar with the matter said. The timing of his departure is also peculiar as Nexus raised a $700 million fund, its largest, just last year. Verma has been working with his portfolio startups to hand over board seats to other partners at Nexus for several months, the source said, requesting anonymity. Verma plans to launch his own fund by the end of the year where he plans to adopt a strategy that sets him apart from other investment firms in India.

Nala Ventures into Remittance Services and Explores B2B Payment Platform Building

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Nala set out to offer remittance services, it’s building a B2B payment platform too It says, this is to guarantee reliability to its app users and businesses making payments into and out of AficaPayments company Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa, and demand for reliable and affordable services. For markets like Kenya, they have integrated with mobile money service M-Pesa enabling users living in the diaspora to pay local bills directly. However, building the service on the payment rails of other providers meant that the fintech could not guarantee dependability. This drove the decision to develop its own platform that directly integrates with banks and mobile money providers. The remittance business growth coincides with reports that remittance flows to sub-Saharan Africa will continue on a growth trajectory.