What's in Tech : Wk. of September 28th 2024
Dr.Dinesh Chandrasekar (DC)
Chief Strategy Officer & Country Head, India @ Centific AI | Nasscom Deep Tech ,Telangana AI Mission & HYSEA - Mentor & Advisor | Alumni of Hitachi, GE & Citigroup | DeepTech evangelist |Author & Investor| Be Passionate
In this week’s “What’s in Tech” newsletter, we have covered the latest developments in the AI space. Highlights include Microsoft’s new AI correction tool, and new foundational model launches from Meta and Google. Other notable stories include Accenture GenAI business’ 9x jump, and collaborations between Snap and Google, and G42 and NVIDIA
On Nimdzi Insights’ 23 October 2024 podcast episode, host Tucker Johnson and Centific’s Wei Zhang will explore practical ways AI can be leveraged to manage the localization process.
Correction attempts to automatically revise AI-generated text that’s factually wrong. It first flags text that may be erroneous then fact-checks it by comparing the text with a source of truth.
CEO Satya Nadella revealed the investment of US$1.3 Bn over the next three years to enhance AI and cloud infrastructure and initiatives aimed at promoting digital and AI skills.
Chief Technology Officer Mira Murati, Chief Research Officer Bob McGrew, and VP of Research Barrett Zoph have announced their departure from OpenAI this week.
Company announced Jason Droege as its new Chief Strategy Officer. Prior to joining Scale, Jason helped launch Uber Eats and the video & cloud business unit at Axon and founded several companies
Company announced the Llama 3.2 to enhance edge AI and vision tasks, offering both small and medium vision LLMs (11B and 90B) and lightweight models (1B and 3B) optimized for on-device use, with robust support for Qualcomm and MediaTek hardware.
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"We are seeing the continued trend of trying to save money on IT to free up the spending on areas of generative AI," said Accenture CEO Julie Sweet.
The release includes a significant 50% price reduction for Gemini 1.5 Pro, faster output, and increased rate limits, providing more value for developers working with the Gemini API and Google AI Studio.
Snapchat will leverage Google Vertex AI’s multimodal capabilities to offer more engaging and innovative features for the Snapchat community through its AI assistant ‘My AI’.
The company will use NVIDIA’s Earth-2 AI climate and weather prediction platform to develop a simulation and forecasting model that will improve the accuracy of meteorological predictions.
Representing over 1,000% YoY growth, CNBC’s report cites an internal document from the startup. The report also noted that between 60% and 75% of that revenue would come from third-party API access.
Applications built on Workers AI, the company’s serverless inference platform, can now benefit from faster inference, bigger models, improved performance analytics, and more features.
Best Regards
Dinesh Chandrasekar
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