NVIDIA's Nemotron 70B, Mira Murati's New AI Startup, Perplexity's $8B Valuation, and WhatsApp's Meta AI Personalization

Happy Monday, AI & Data Enthusiasts! Let’s explore the latest breakthroughs in AI innovation from NVIDIA’s powerful Nemotron 70B language model to Mira Murati’s new AI startup after her departure from OpenAI. We’ll also dive into Perplexity AI’s bold push for an $8 billion valuation and WhatsApp’s exciting new Chat Memory feature, which promises enhanced personalization with Meta AI.

In today’s edition: 

• NVIDIA Unveils Nemotron 70B: A Game-Changer in AI-Language Models

• Former OpenAI CTO Mira Murati Eyes New AI Startup with $100M Fundraising Round

• Perplexity AI Aims for $8B Valuation in New Fundraising Round

• WhatsApp’s New Chat Memory Feature: Meta AI Enhances Personalization

- Naseema Perveen

WHAT CAUGHT OUR ATTENTION MOST

NVIDIA Unveils Nemotron 70B: A Game-Changer in AI-Language Models

NVIDIA is making headlines again, this time about more than GPUs. This week, the tech giant released Nemotron 70B, an advanced language model that promises to shake up the AI landscape with its exceptional performance and accessibility.

• Impressive Performance: Nemotron 70B, based on Meta's open-source Llama 3.1 model, has been fine-tuned with advanced techniques like Reinforcement Learning from Human Feedback (RLHF) to outshine rivals like GPT-4 and Claude 3.5 in benchmarks.

• Simplifying Complex Queries: The model excels in handling tricky questions without extra prompting, demonstrating high accuracy and user alignment.

• Wider Accessibility: NVIDIA offers free hosted access to Nemotron 70B via its platform, build.nvidia.com, making it easy for businesses to experiment with cutting-edge AI technology.

• Limitations: While powerful, Nemotron 70B is not fully optimized for specialized domains like math or legal reasoning, so users should take care when deploying it in these areas.

With Nemotron 70B, NVIDIA is pushing the boundaries of AI and open-source collaboration. By making high-performance language models more accessible, it is shaping a new wave of innovation and challenging established industry players.

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KEEP YOUR EYE ON IT

Former OpenAI CTO Mira Murati Eyes New AI Startup with $100M Fundraising Round

Mira Murati, the former CTO of OpenAI, is making waves again. After stepping down from OpenAI just last month, Murati is reportedly raising over $100 million in VC funding for her new AI startup, signaling her ambitious return to AI innovation.

• New AI Startup: Murati's venture will focus on developing proprietary AI models and products, marking a bold new chapter in her career after leaving OpenAI.

• Stepping Away to Explore: On X (formerly Twitter), Murati shared that she left OpenAI to create time and space for her exploration, without disclosing specific details of her plans.

• Tech Leadership Background: Before joining OpenAI, Murati held key roles at Tesla and Leap Motion and was briefly named interim CEO during Sam Altman’s ouster.

• OpenAI Departures: Murati is one of several OpenAI executives to leave recently, following the company's historic $6.6 billion fundraising round.

As Mira Murati embarks on this new venture, her vision and leadership promise to continue shaping the future of AI. With substantial fundraising underway, her next move is set to make a significant impact in the industry.

Perplexity AI Aims for $8B Valuation in New Fundraising Round

Perplexity AI, an AI-powered search startup backed by NVIDIA, is seeking to more than double its valuation to $8 billion in its latest fundraising efforts. With plans to raise $500 million, Perplexity aims to challenge Google's search dominance using generative AI.

• Fundraising Push: Perplexity is in talks to raise $500 million, potentially pushing its valuation past $8 billion, following significant growth and backing from investors like Jeff Bezos and SoftBank's Vision Fund 2.

• AI-Driven Search: The startup leverages existing language models, such as OpenAI's ChatGPT and Meta's Llama, to provide answers to user queries, positioning itself as a contender in the search engine space.

• Business Model Shift: Perplexity is transitioning from a subscription-based model to an advertising-driven one, aligning more closely with Google's revenue approach.

• Legal Challenge: Perplexity recently received a cease-and-desist notice from The New York Times, demanding it stop using its content.

With ambitious plans to raise $500 million and increase its valuation, Perplexity AI is poised to shake up the search industry. As it continues to grow and innovate, it faces both opportunities and challenges on its path to competing with tech giants like Google.

WhatsApp’s New Chat Memory Feature: Meta AI Enhances Personalization

WhatsApp is developing a new "Chat Memory" feature, aimed at enhancing how Meta AI interacts with users by remembering key personal information. This feature will allow Meta AI to retain details such as dietary preferences, communication styles, and favorite hobbies, offering more tailored and relevant responses. For example, if the user is vegan, Meta AI can recommend recipes or restaurants accordingly. This capability could revolutionize how users engage with the app, creating more personalized and helpful interactions.

The memory feature is designed to deepen personalization by building on previous user conversations. As Meta AI retains more personal information, it can provide suggestions and advice that align with the user's lifestyle, like avoiding allergy-triggering foods or suggesting books aligned with their interests. However, while this personalization boosts convenience, users may want to ensure clear boundaries regarding privacy, as this feature will record sensitive data to improve the overall experience.

🎤 VOICE YOUR OPINION

ICYMI

• The Throne’s toilet AI camera takes pictures of your poop.

• Thorn is committed to protecting children from harmful deepfakes.

• Microsoft could end up with substantial equity in the restructured, for-profit OpenAI. 

• Former Palantir chief security officer joined OpenAI.

• OpenAI's surprising exit strategy from its Microsoft partnership.

MONEY MATTERS

• Investments in generative AI startups topped $3.9B in Q3 2024.

• French startup Dottxt raises $11.9M to tell how AI models answer.

• Alphabet’s AI spin off SandboxAQ is raising funds at a $5 billion valuation.

• Magic Leap creator Rony Abovitz raised $20 million for a new enterprise AI startup.

• Galileo raised $45 million for its monitoring and evaluation platform.

LINKS WE’RE LOVIN’

✅ Podcast: Alex O’Connor on AI Consciousness, The Woke Agenda, and Debating Ben Shapiro.

✅Cheat sheet: Ethics in AI for Public Administration Cheat Sheet

✅Course: Artificial Intelligence (AI) Education for Teachers.

✅Whitepaper: Most Common Mistakes In Data Labeling (And How To Avoid Them).

✅Watch: Apple Vision Pro Review.

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