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Recap for March 4-10
Week 29 | March 4 -10
Lord of the LLMs: The Return of the King
Industry:
๐จ OpenAI reappoints Sam Altman to the board along with 3 new directors: Desmond-Hellmann, a former CEO of the Bill and Melinda Gates Foundation; Fidji Simo, CEO of Instacart; and Nicole Seligman, former President of Sony Entertainment (https://lnkd.in/gVby4Rk7)
๐จ Anthropic announces the Claude 3 model family, including Haiku, Sonnet and Opus. The latter model Opus apparently outperforms other competitors such as GPT-4. (https://lnkd.in/gYTFp8R8)
๐จ Mistral AI is partnering with Snowflake to bring their LLMs to Snowflake customers in the data cloud (https://lnkd.in/gz5geR-y)
๐จ Inflection AI launches Inflection 2.5, upgraded in-house model that is competitive with all the world's leading LLMs like GPT-4 and Gemini. the model apparently approaches GPT-4's performance while using only 40% of the amount of compute for training. Some other interesting facts: an average conversation with Pi lasts 33 minutes (interesting that this is still far short of Character AI's 2 hour/day) (https://lnkd.in/g6hc2pSY)
Financing and M&A:
๐จBaseten raises $40M led by Spark Capital and IVP. Baseten is currently working on simplifying inference for customers, but will likely expand to other use cases such as fine-tuning, evals and training
(https://lnkd.in/gU6NU3UW?)
๐จOverjet raises $53M led by March Capital. Overjet is an AI-enabled platform for dentistry (https://lnkd.in/gwAVzee5).
๐จEma Unlimited comes out of stealth with a $25M funding round led by Accel, Section 32, and Prosus Ventures. Ema is attempting to create a universal AI employee that boost worker productivity across diverse use cases. CEO Surojit Chatterjee was the former CPO of Coinbase (https://lnkd.in/gXEEP6H6).
๐จ AI2 Incubator from Seattle raises $200m in compute for pre-seed startups (https://lnkd.in/gbzPqGHG?)
Research and Innovation:
๐จOpen-source project to replicate OpenAI's Sora (https://lnkd.in/gDw6BwE3)
๐จ Technical research paper for Stable Diffusion 3 (https://lnkd.in/gSidBspf)
๐จ Design2code - paper analyzing how generative AI can impact front-end engineering (https://lnkd.in/guVSNMaq?)
Other interesting resources:
๐จHere's an article from Vanity Fair that looks at how AI can disrupt Hollywood (https://lnkd.in/gtucyi_R)