Archives: News
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Cerebras Systems Files for IPO, Revealing 3x Revenue Growth
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Cerebras Systems, an AI chip firm, has filed for a US initial public offering (IPO), revealing a threefold jump in annual revenue in 2023. The company’s revenue reached $78.74 million in 2023, up from $24.62 million in 2022. Cerebras designs processors for AI training and inference and builds AI systems to power the processors and…
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California Governor Vetoes AI Safety Bill
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California Governor Gavin Newsom has vetoed a contentious AI safety bill, citing concerns that it could hinder innovation and drive AI companies out of the state. The bill aimed to establish stringent standards for AI systems, particularly those deployed in high-risk environments or involving critical decision-making. However, Newsom argued that the bill did not take…
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New AI Model SLIViT Revolutionizes Medical Scan Analysis
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Researchers at the University of California, Los Angeles (UCLA) have developed a new AI model called SLIViT (SLice Integration by Vision Transformer) that can efficiently analyze and diagnose complex medical scans, such as MRIs and 3D retinal scans, with accuracy matching that of medical specialists. The model has wide adaptability across various imaging modalities and…
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Hugging Face Surpasses 1 Million AI Models, Powering Innovation with Customization and Fine-Tuning
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Hugging Face, an AI hosting platform, has surpassed 1 million AI model listings, highlighting the exponential growth of machine learning. The platform has become a vital hub for developers and researchers by facilitating the creation of customized AI models for various tasks and use cases. Hugging Face’s success stems from its community-driven approach and the…
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Meta Unveils Llama 3.2: First Open-Source AI Model with Image and Text Processing
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Meta has introduced Llama 3.2, its first open-source AI model that can process both images and text. This upgrade enables developers to create advanced applications, such as augmented reality apps, visual search engines, and document analysis tools. While Meta is catching up to competitors like OpenAI and Google, which released multimodal models last year, Llama…
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Amazon’s New Alexa to Use Anthropic’s Claude AI
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New Alexa FeaturesAmazon’s upcoming Alexa voice assistant, dubbed “Remarkable Alexa,” will primarily utilize Anthropic’s Claude artificial intelligence model. Replacing In-House AIThis replaces Amazon’s in-house AI models that struggled with words and user prompts. Launch DetailsThe new Alexa is expected to launch in mid-October with features like: Performance ImprovementThe improved Alexa will reportedly be powered by…