Nvidia just wrapped a record quarter, with no sign of interest cooling for the GPUs that have become essential to powering the AI boom. Revenue for the company’s most recent quarter was a record $26 billion, up 262 percent year-over-year. Profit also hit a new high, up nearly sevenfold to $14.88 billion compared to the same period a year earlier. The performance drove the already buoyant stock price above $1,000 a share. Company founder and CEO Jensen Huang proclaimed, “the next industrial revolution has begun,” with Nvidia playing a pivotal role in transforming data centers into “AI factories.” Continue reading Nvidia Reports Record Revenue, Profits as AI Demand Surges

Meta Platforms has unveiled its first natively multimodal model, Chameleon, which observers say can make it competitive with frontier model firms. Although Chameleon is not yet released, Meta says internal research indicates it outperforms the company’s own Llama 2 in text-only tasks and “matches or exceeds the performance of much larger models” including Google’s Gemini Pro and OpenAI’s GPT-4V in a mixed-modal generation evaluation “where either the prompt or outputs contain mixed sequences of both images and text.” In addition, Meta calls Chameleon’s image generation “non-trivial,” noting that’s “all in a single model.” Continue reading Meta Advances Multimodal Model Architecture with Chameleon

Amazon is planning to add generative artificial intelligence to its decade-old voice assistant, Alexa, which will require a monthly fee to offset the cost of the technology, according to reports. Although the new Alexa price plan has not been disclosed, it is not expected to be included in the $139 yearly Amazon Prime plan. The possible move comes as Apple is also undergoing an AI overhaul of its voice assistant, Siri. Once considered precocious by many consumers, Siri and Alexa are now playing catch-up to AI assistants from leaders in the space including Google, Microsoft and OpenAI. Continue reading Amazon to Upgrade Alexa with AI, May Add Subscription Fee

Leading AI firms spanning Europe, Asia, North America and the Middle East have signed a new voluntary commitment to AI safety. The 16 signatory companies — including Amazon, Google DeepMind, Meta Platforms, Microsoft, OpenAI, xAI and China’s Zhipu AI — will publish outlines indicating how they will measure the risks posed by their frontier models. “In the extreme, leading AI tech companies including from China and the UAE have committed to not develop or deploy AI models if the risks cannot be sufficiently mitigated,” according to UK Technology Secretary Michelle Donelan. Continue reading Global Technology Companies Sign Pledge to Foster AI Safety

Microsoft is implementing a series of upgrades to its AI stack, including Azure AI Studio and Copilot Studio, developer platforms for building apps that leverage generative AI. At its Build 2024 conference, the company also announced it is going into preview with its Azure virtual machines (VMs), the first platform to use the powerful Arm-based Cobalt 100 cloud processors developed by Microsoft, which shared that plan at its November Ignite conference. Other Build highlights include the general availability of OpenAI’s new GPT-4o flagship model across the Azure OpenAI Service and the new multimodal Phi-3-vision SLM. Continue reading Microsoft Upgrades Azure AI Stack, Previews Cobalt 100 VMs

Google is offering developers a toolkit for incorporating generative AI features into mobile and web applications. Firebase Genkit, an open-source framework, is available now in beta. Blending models, cloud services, agents, data sources and more in a “code-centric approach” developers are used to, the Genkit makes building and debugging for AI easier, according to Google. The first release is built for JavaScript and TypeScript developers, making building AI-powered apps available to professionals who specialize in building server-side applications using the Node.js JavaScript runtime. Continue reading Firebase Genkit: Developer Framework for AI-Powered Apps

Google is launching two new AI models: the video generator Veo and Imagen 3, billed as the company’s “highest quality text-to-image model yet.” The products were introduced at Google I/O this week, where new demo recordings created using the Music AI Sandbox were also showcased. The 1080p Veo videos can be generated in “a wide range of cinematic and visual styles” and run “over a minute” in length, Google says. Veo is available in private preview in VideoFX by joining a waitlist. At a future date, the company plans to bring some Veo capabilities to YouTube Shorts and other products. Continue reading Veo AI Image Generator and Imagen 3 Unveiled at Google I/O

IBM has released a family of its Granite AI models to the open-source community. The series of decoder-only Granite code models are purpose-built to write computer code for enterprise developers, with training in 116 programming languages. These Granite models range in size from 3 to 34 billion parameters in base model and instruction-tuned variants. They offer a range of uses, from modernizing older code with new languages to optimizing programs for on-device memory constraints, such as might be experienced when conforming for mobile gadgets. In addition to generation, the models can repair and explain code. Continue reading IBM Introduces Granite LLMs for Enterprise Code Developers

The UK AI Safety Institute announced the availability of its new Inspect platform designed for the evaluation and testing of artificial intelligence tech in order to help develop safe AI models. The Inspect toolset enables testers — including worldwide researchers, government agencies, and startups — to analyze the specific capabilities of such models and establish scores based on various criteria. According to the Institute, the “release comes at a crucial time in AI development, as more powerful models are expected to hit the market over the course of 2024, making the push for safe and responsible AI development more pressing than ever.” Continue reading UK Launches New Open-Source Platform for AI Safety Testing

This week Microsoft announced plans to help establish Southeast Wisconsin “as a hub for AI-powered economic activity, innovation, and job creation,” according to the company’s press release. As part of the broad investment package, the tech giant is planning “$3.3 billion in cloud computing and AI infrastructure, the creation of the country’s first manufacturing-focused AI co-innovation lab, and an AI skilling initiative to equip more than 100,000 of the state’s residents with essential AI skills.” Microsoft’s new data center campus will replace the failed $10 billion Foxconn LCD manufacturing center planned for Mount Pleasant, situated in Racine County. Continue reading Microsoft to Invest $3.3 Billion in Building New AI Data Center

Meta Platforms announced an expanded collection of generative AI features, tools and services for advertisers and businesses. The enhanced AI features include full image and text generation, text overlay capabilities, and image expansion for Reels and the Feed in Facebook and Instagram. The updated tools will be available via Meta Ads Manager through Advantage+ creative. According to Meta: “Our goal is to help you at every step of your journey, whether that’s improving ad performance by helping you develop creative variations, automating certain parts of the ad creation process, or increasing your credibility and engagement through Meta Verified.” Continue reading Meta Launches Enhanced Generative AI Tools for Advertisers

Amazon Web Services has added Bedrock Studio to the lineup of offerings at Bedrock, its cloud-based managed service for artificial intelligence. Available beginning this week in public preview, Bedrock Studio aims to greatly simplify the development of artificial intelligence apps for its subscribers, allowing them to get going “within minutes,” according to AWS. Developers can log in to the Amazon Bedrock Studio web experience using single sign-on (SSO) company credentials “and instantly start experimenting with Bedrock FMs and tools to build applications,” the cloud giant says, describing the studio as a “rapid prototyping environment” for generative AI. Continue reading AWS Simplifies AI Development with Amazon Bedrock Studio

Social platform X, formerly Twitter, has added news summaries generated by Grok, the chatbot of Elon Musk’s xAI, exclusively for Premium subscribers. The personalized trending “Stories” appear in the For You tab of the app’s Explore section. The feature is available on the web and for iOS users for now. For You consists of trending items shared across the platform and within individual networks, along with recommended posts. Grok essentially becomes the voice of X’s news aggregator, teasing articles with short blurbs that link to what X users are saying on the subject. Critics are concerned about Grok’s tone, interpretation of information, and potential for creating fake news. Continue reading X Premium Intros News Blurbs Generated by Musk’s Grok AI

Samsung Electronics grew net profit by more than 400 percent in Q1, to $4.91 billion, on revenue of about $52.3 billion, a nearly 13 percent increase year-over-year. The results were credited mainly to higher memory chip prices resulting from AI demand buoying the company’s semiconductor business. Solid performance in smartphones — with the launch of its Galaxy S24 series, the first to pack AI-optimized chips — supported the stellar performance. It was a dramatic rebound from 2023, when post-COVID economic fallout drove Samsung to a 15-year profit low and semiconductor losses of almost $11 billion. Continue reading Samsung Chip Rebound Sends Q1 Net Profit Up 400 Percent

Anthropic has launched a paid tier catering to business customers as well as a free mobile app for iOS users featuring its chatbot Claude. The generative AI startup — which has backing from Amazon, Google and Salesforce — is positioning itself to compete with companies like OpenAI, Google and Microsoft that focus on enterprise plans for revenue while also offering individual plans. Anthropic’s Team plan starts at $30 per user per month, on par with competing enterprise products, and requires a minimum of five seats. Anthropic has been beta testing Team over the past few quarters in industries including legal, tech and healthcare. Continue reading Anthropic Debuts Enterprise Plan, Free Claude App for iPhone