Weekly Bytes about AI, Data Science & Web3 - CW 47

This Week in AI, Data Science and Web3

This week we delve into the accelerating field of Artificial Intelligence, spotlighting Inflection AI's Inflection-2, which is redefining the capabilities of language models. Amidst the breakthroughs, we confront a stormy period for Web3, marked by litigation and attacks that remind us of the complex fabric that weaves progress with vulnerability. In Data Science, we see relentless innovation, with new tools paving the way for efficiency and insight. As we navigate these developments, we remain committed to bringing you the nuanced stories behind the headlines. Join us as we explore the intricate dance of progress and accountability in these transformative fields.

?? Artificial Intelligence

Inflection-2 second most powerful LLM in the world

Inflection AI has successfully trained Inflection-2, it's latest language model, which is now the second most powerful LLM in the world. This model, trained on 5,000 NVIDIA H100 GPUs, outperforms Google’s PaLM 2-Large across several benchmarks, offering enhanced factual knowledge, stylistic control, and reasoning abilities. Inflection-2 will be integrated into Inflection's personal AI platform, Pi, benefiting from reduced costs and increased speed due to hardware upgrades and optimized inference techniques. Dedicated to responsible AI development, Inflection adheres to safety and security guidelines and supports global governance efforts in AI technology. This development marks a significant advancement towards Inflection's mission of providing personal AI to everyone. More on this.

PartyRock - AWS Launched User-Friendly Generative AI Playground

Amazon Web Services (AWS) has introduced PartyRock, a new generative AI app-building playground hosted on Amazon Bedrock. PartyRock enables users to easily create various AI-powered apps without any coding knowledge. These apps can range from generating jokes to recommending playlists and optimizing party budgets. PartyRock is designed to be fun and intuitive, allowing users to learn about generative AI through hands-on experience with foundation models and text-based prompting. Accessible via a web-based UI, PartyRock does not require an AWS account, and for a limited time, it offers a free trial without needing a credit card. This initiative reflects AWS's commitment to making generative AI accessible and enjoyable for all users. More on this.

In addition, Amazon is introducing a new "AI Ready" education track, offering free generative AI courses to train professionals in its AI technology. Amazon aims to equip adults and young learners with "critical skills" in a rapidly growing AI job market.The program not only teaches the basics of AI, but also promotes Amazon's AI products, such as CodeWhisperer and Bedrock AI app maker. More on this.

Google Bard AI Deepens Integration with YouTube for Enhanced User Queries

谷歌 's AI chatbot, Bard, has been updated to better understand and answer questions related to YouTube videos. Users can now ask Bard for detailed information about a video's content, such as specific recipe ingredients or summaries. To access this feature, the YouTube extension must be enabled on Bard's interface. This expansion builds upon the initial September launch of the YouTube Extension, which was previously limited to searching for videos. Additionally, Bard has broadened its accessibility to teens, incorporating age-related protections to ensure a safe and beneficial user experience. This enhancement positions Bard as a more versatile and interactive AI tool, especially for users seeking in-depth engagement with YouTube content. More on this.

OpenAI's Project Q* - Advancing AGI Amidst Ethical Challenges

OpenAI 's secretive Project Q*, an advanced AGI model, has sparked ethical concerns among researchers. The project aims to develop Artificial General Intelligence (AGI), capable of human-level reasoning and cumulative learning. While offering significant advancements, Project Q* raises questions about the potential risks of such powerful AI technology. The letter from OpenAI staff, leading to Sam Altman's temporary dismissal, highlights the deep divisions within the company over AGI's ethical implications. More on this.

Stability AI Launches Stable Video Diffusion - A Leap in Generative Video AI

Stability AI introduces Stable Video Diffusion, a foundational model for generative video, building on its Stable Diffusion image model. Now in research preview, the model and code are accessible on , with essential weights on Hugging Face . It demonstrates adaptability in various video applications, including multi-view synthesis. Users can sign up for a Text-To-Video interface waitlist, showcasing its potential in sectors like advertising and education. The model generates videos at varying frame rates, showing superior user preference in studies. However, it's currently limited to research use, underscoring Stability AI’s focus on enhancing human intelligence with a broad suite of AI models. More on this.

Bittensor - The Worlds First Neural Internet

The Bittensor Network, developed by the Opentensor Foundation in collaboration with Cerebras Systems, introduces the Bittensor Language Model (BTLM). This advanced 3 billion parameter language model is unique in its efficiency and small memory footprint, requiring only 3 GB of RAM. Trained on the Condor Galaxy 1 supercomputer, BTLM outperforms 7 billion parameter models in accuracy and efficiency. It is designed to work seamlessly on mobile and edge devices, democratizing AI access worldwide. The BTLM's integration into the Bittensor network aims to incentivize small but powerful models, contributing to the network's goal of true decentralization and collective machine intelligence. The BTLM is available on Hugging Face and ready for use on the network. More on this.

?? Web3

Telegram Trading Bot 'Banana Gun' Sees Daily Volume Surpassing $16 Million

Telegram trading bot Banana Gun has recorded daily trading volumes of over $16 million. These developer-designed automated trading agents aim to simplify meme coin trading, airdrop farming and token bridging for users, but come with added custody risks. According to Dune Analytics, Banana Gun maintains a seven-day average trading volume of $9 million, rivaling popular decentralized exchanges. With approximately 19,000 trades per day among 3,000 daily active users, it has attracted nearly 46,000 lifetime users since launching in June, accumulating a lifetime trading volume of $589 million. In total, Telegram bots, including Banana Gun, have accumulated a cumulative trading volume of over $4 billion as of November 13, 2023. However, users should remain wary of the security concerns and potential risks associated with these bots, as evidenced by a recent Unibot exploit that resulted in the loss of $60,000 worth of tokens. More on this.

dYdX Exchange Targeted in Alleged Attack

dYdX , a decentralized exchange, experienced a targeted attack resulting in a loss of $9 million from its insurance fund, representing approximately 40% of the total v3 funds. The attack involved a significant price manipulation of YFI, yearn.finance 's native token. Founder Antonio Juliano indicated that open interest for YFI had spiked abnormally, and the price crash allowed the attacker to withdraw significant USDC from dYdX. As an immediate response, the team increased margin requirements for YFI and other less liquid markets, but this proved insufficient. Despite the incident, no user funds were affected, and the exchange still has $13.5 million in its insurance fund. The dYdX team is investigating the attack and has reported its findings to the FBI and has refused to negotiate with the attacker. This event occurred on dYdX v3, which has a centralized order book and matching system that differs from the controls on the newly launched dYdX chain. More on this.

SEC files new lawsuit against Kraken

Kraken Digital Asset Exchange , in response to the SEC complaint, maintains that it does not operate as an unregistered securities exchange, broker, or clearing house. The SEC alleges Kraken's digital assets are "investment contracts" requiring special licenses, but Kraken highlights a previous court ruling rejecting a similar SEC theory. The company refutes claims of "commingling" funds and emphasizes that no customer funds are lost or at risk. Despite the lawsuit, Kraken continues to serve its clients and supports regulatory efforts for clear crypto trading frameworks, advocating for practical digital asset regulations. More on this.

Dune ERC20 Token Transfer Wallet Tracking Template

Dune introduces a suite of user-friendly templates, dubbed Dune Templates, designed to simplify blockchain analytics. These templates enable users, even without SQL knowledge, to effectively monitor and analyze blockchain activities. Key features include tracking ERC20 token flows into contracts, monitoring the net flows of top holders or specific addresses for ERC20 tokens, and analyzing NFT token movements (721/1155) into contracts and among top holders. This intuitive tool empowers users to effortlessly track token flows, monitor decentralized exchange (DEX) and NFT trades, and identify trending contracts with just a few clicks, streamlining the process of drawing insightful blockchain data. More on this.

Recaps and videos of DuneCon in Lisbon are available for those interested in exploring the event's insights into crypto data and blockchain's open data.

Binance and CEO Resolve $4B Criminal Charges with U.S. Justice Department

Binance and its CEO, Changpeng Zhao, have pleaded guilty to violations of U.S. financial laws, resulting in a historic $4 billion resolution with the Justice Department. This settlement addresses Binance's failure to adhere to anti-money laundering laws and regulations for unlicensed money transmitting and sanctions violations. Zhao's guilty plea for neglecting to maintain an effective anti-money laundering program led to his resignation as CEO. The case highlights the Justice Department's commitment to enforcing U.S. financial laws in the cryptocurrency domain, emphasizing the message that evasion of legal obligations for profit will result in significant consequences. More on this.

?? Data Science

Accelerate AI Performance with NVIDIA Spectrum-X Networking Platform

英伟达 Spectrum-X is a groundbreaking networking platform designed to optimize Ethernet-based AI clouds, achieving a 1.7X improvement in AI performance and energy efficiency. It addresses traditional Ethernet's limitations, ensuring consistent performance in multi-tenant environments. Powered by the NVIDIA Spectrum-4 Ethernet switch and BlueField-3 DPU, Spectrum-X accelerates AI tasks, making it an ideal solution for AI cloud networking. More on this.

Intel Unveils 2024 Developer Tools - Enhancing AI, HPC, and Rendering Across Architectures

Intel Software has released its 2024 developer tools, offering enhanced multiarchitecture capabilities for AI, HPC, and rendering. These tools are designed to boost development productivity, code portability, and performance across various platforms, including Intel GPUs and upcoming 5th gen Intel Xeon Scalable and Intel Core Ultra CPUs. Powered by oneAPI, they support C++, OpenMP, SYCL, Fortran MPI, and Python, providing an open and versatile development platform. Developers can access these tools from Intel or popular repositories, making it easier to build, test, and deploy applications and workloads in the Intel Developer Cloud. The release includes various features and previews across compilers, performance libraries, analysis and debugger tools, AI tools, frameworks, and code migration support, enhancing the development experience for AI, HPC, and rendering applications. More on this.

DoltgreSQL - Version-Controlled Database Dolt Gets PostgreSQL-Flavor

DoltgreSQL is a new database system based on the versioned database Dolt that provides Git-like functionality for PostgreSQL databases. Dolt, originally an SQL database, allowed cloning, forking, branching and merging of databases, similar to Git repositories. DoltgreSQL, on the other hand, focuses on the database server experience, providing an easy-to-deploy server and targeting the PostgreSQL audience. It emulates a PostgreSQL server by translating commands to an AST for an underlying Dolt server, allowing rapid development while leveraging the stability of Dolt. However, DoltgreSQL is still experimental and has limitations such as no support for DoltHub and others. More on this.

MinIO and VMware Partner to Deliver Integrated Object Storage for VMware Cloud Foundation

MinIO Inc. is expanding its partnership with VMware to deliver natively integrated object storage for VMware Cloud Foundation. The solution integrates MinIO Object Store with VMware Data Services Manager, providing a fully integrated experience for mission-critical workloads. This move is seen as a significant step in the development of private cloud infrastructure. It enables flexibility for enterprises to support both virtual machines and Kubernetes, offering a balance between developer flexibility and administrative control. The integrated solution will support various storage types and IP configurations while abstracting complexity for developers. More on this.

Snow Software Introduces Snow Copilot - A Generative AI Assistant for IT Asset Management and FinOps

Snow Software has introduced Snow Copilot, its first generative AI assistant designed to address key challenges in IT Asset Management (ITAM) and FinOps. Developed at Snow Labs, Snow Copilot is an AI assistant that allows users to ask conversational questions and receive natural language answers. It's initially available for software asset management (SAM) computer data in Snow Atlas, with additional use cases planned. The AI assistant leverages the Microsoft Azure OpenAI service to provide insights into computer data, reducing the need to export data to other tools. Snow Atlas aims to provide a unified view and actionable intelligence for ITAM, SaaS management, cloud cost, and FinOps functions. More on this.

SnapLogic and AWS Collaborate to Advance Generative Integration Solutions

SnapLogic , a leader in generative integration, has entered into a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to promote the adoption of generative integration worldwide. SnapLogic recently introduced SnapGPT, an innovative generative integration solution powered by AI. Through natural language prompts, SnapGPT accelerates the development of integration pipelines, documents new and existing ones, generates sample data, and creates SQL queries and more. This collaboration aims to provide organizations with scalable and secure generative integration solutions, enhancing data management and integration capabilities. It also highlights the value of SnapLogic and AWS in simplifying customer onboarding processes and driving business agility in an increasingly data-driven world. More on this.

?? Special this Week

A big shout out to Samuel Rhyner for creating a tool that allows you to rate LinkedIn posts!

He has developed an impressive AI application that assesses LinkedIn posts, currently available only in German. His tool, “Let AI rate my LinkedIn Post,” is offered for free and aims to help users improve their LinkedIn content by providing ratings and feedback. Rhyner asserts that while AI may not yet be writing LinkedIn posts autonomously, it can certainly assist in enhancing them by offering constructive suggestions. He encourages users to embrace AI as a supportive tool for semantic understanding and optimization, inviting everyone to join the learning curve of AI integration.

Try it out!

?? https://ratemypost.ch/

?? Personal Highlights of this Week

BI and AI in Insurance Meeting organized by MicroStrategy DACH and PwC Switzerland at Bürgenstock Resort Lake Lucerne . Very exciting exchange with people in the same field and the same industry. Thank you very much for the invitation and the great event MicroStrategy.

#AI #DataScience #Web3 #Blockchain #TechTrends #WeeklyBytes #AINews

Hey there, we are Sandro and Fabian!

Passionate about ???????? and Blockchain? So are we.

To stay in the loop:

?? Smash the "Subscribe" button for Weekly Bytes

?? Ring the ?? on our profile

?? Let's connect!

Disclaimer: The following information is provided for educational and informational purposes only. It should not be construed as financial or investment advice. Investing in cryptocurrencies, NFTs, or any other asset class involves inherent risks, and individuals should conduct their own research (DYOR — Do Your Own Research) and seek professional advice before making any investment decisions. The content provided does not guarantee any specific outcomes or results. The responsibility for any investment or financial decisions rests solely with the individual.