AI Giants Unveil New Models and Tools: Alibaba, Runway, Mistral, and Google Push Boundaries in Generative AI

Welcome to our weekly newsletter ??, your go-to source for the latest developments and trends in Generative AI.

Each edition brings you a curated selection of impactful news, insightful analyses, and exciting advancements from the dynamic world of generative AI. Stay tuned for a concise and informative exploration of this rapidly evolving field.

1. Alibaba accelerates AI push by releasing new open-source models, text-to-video

Alibaba has released new open-source AI models and text-to-video technology, intensifying its efforts in generative AI. The company unveiled over 100 models from its Qwen 2.5 family, ranging from 0.5 to 72 billion parameters in size. These models are designed for various AI applications across sectors like automotive, gaming, and scientific research. Read more

2. Runway Launches API for Gen-3 Alpha Turbo AI Model

Runway has introduced an API for its Gen-3 Alpha Turbo AI model, allowing developers to integrate advanced AI capabilities into their applications and products. Runway is taking a phased approach, starting with large teams and organizations, and plans to expand access to all users in the coming weeks. This release aims to make cutting-edge AI technology more accessible to developers, businesses, and creatives across various industries. Read more

3. Mistral launches a free tier for developers to test its AI models

Mistral AI has launched a free tier for developers to fine-tune and test apps using their AI models. The company has also reduced prices for API access to its models by up to 50%. This move aligns with the industry trend of offering more affordable AI solutions to compete with giants like OpenAI and Google. Additionally, Mistral has integrated image processing capabilities into its free consumer AI chatbot, le Chat, using its new multimodal model Pixtral 12B. Read more

4. Google Introduces DataGemma: Tackling AI Hallucination with Real-World Data

Google has launched DataGemma, open AI models that reduce hallucination in large language models by integrating real-world data from Data Commons. Using Retrieval-Interleaved Generation and Retrieval-Augmented Generation, DataGemma enhances factual accuracy in AI responses. Google plans to refine and expand this technology, making it available to researchers and developers to promote more reliable AI systems. Read more

? Katonic Highlights

?? Katonic Ace Webinar Recording Now Available!

Missed the live session with Anuja Fole on Katonic Ace? No worries! You can now access the full recording of the exclusive webinar. Explore the game-changing features of Katonic ACE, an enterprise co-pilot that connects to over 100+ organisational data sources, allowing employees to search, get answers, and take actions—all through a unified chat interface.

Boost productivity, save costs, and ensure data security with Katonic Ace. Watch the recording to see its power in action and discover how it can transform the way your team works!

?? Introducing Kangaroo LLM: Australia’s First Home-Grown Open Source Large Language Model!

Launching in October 2024, Kangaroo LLM is a collaborative effort by Katonic AI, RackCorp, NEXTDC, Hitachi Vantara, and Hewlett Packard Enterprise. This innovative model is tailored for Australian English and features an Open Alliance for Australian businesses, crowdsourced data to capture the nation’s linguistic diversity, and a deep understanding of local humor and culture. It is 100% developed and hosted in Australia, powered by state-of-the-art hardware and advanced training through the Katonic Generative AI Platform.

Discover more about the future of Australian AI at https://kangaroollm.com.au/

Subscribe for more exciting AI updates in the future. Have a great weekend! ?