xAI’s Grok API, Nvidia Stock Surge, and Meta’s Breakthrough in AI & Facial Recognition

Happy Tuesday, AI & Data Enthusiasts! Today we’ve got updates on new APIs, Nvidia’s soaring stock, and Meta’s latest push for safer AI adoption. Let’s dive into these key developments and explore how they’re shaping the future of AI!

In today’s edition:?

• xAI Unveils API for Grok AI: The Latest Move in Musk’s AI Ambitions
• Nvidia Stock Hits Record High as Wall Street Stays Optimistic Ahead of Earnings
• Meta FAIR Unveils New AI Models and Tools: A Breakthrough for Open-Source AI
• Meta Expands Facial Recognition to Combat Celeb-Bait Scams & Improve Account Recovery

- Naseema Perveen

WHAT CAUGHT OUR ATTENTION MOST

xAI Unveils API for Grok AI: The Latest Move in Musk’s AI Ambitions

Elon Musk’s AI startup, xAI, has officially launched its API for Grok, the company’s flagship generative AI model. While this launch has generated excitement, the API is currently in its early stages, with limited features and a few challenges that need to be ironed out. Still, this marks a key milestone for xAI as it positions itself to compete with industry giants like OpenAI and Anthropic.

• Pricing and Model Availability: The API currently offers the “grok-beta” model, which is priced at $5 per million input tokens (~750,000 words) and $15 per million output tokens. This token-based pricing structure mirrors that of other AI providers, but users have expressed concerns about payment issues when purchasing usage credits.
• Functionality and Features: The xAI API supports function calling, which allows the Grok model to interact with external tools like databases and search engines. Although vision models, which would enable analysis of both text and images, are not yet live, the documentation suggests that these features are in development.
• Integration with X: Grok is already deeply embedded in the X platform (formerly Twitter), where it powers features like image generation (via Flux), news summaries, and trending event overviews. While these integrations have drawn attention, they’ve also sparked controversy due to the lack of content guardrails and occasional mistakes in Grok’s outputs.

While the xAI API is still in its infancy, this release reflects Musk’s larger ambitions to integrate AI across his various businesses. Despite challenges—such as technical issues and concerns from Tesla shareholders—xAI is forging ahead in the race to develop powerful generative AI models. As the platform evolves, the coming months will reveal how well it can stack up against its more established rivals.

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KEEP YOUR EYE ON IT

Nvidia Stock Hits Record High as Wall Street Stays Optimistic Ahead of Earnings

Nvidia’s stock soared to a record high on Monday, driven by strong market confidence ahead of its earnings report next month. Wall Street analysts remain bullish on the AI chipmaker, with several firms raising their price targets, citing Nvidia’s leadership in the AI sector.

• Stock Surge: Nvidia’s stock rose over 4%, closing at $143.71 per share, as analysts reiterated their Buy ratings.
• Raised Price Targets: Bank of America lifted its price target to..............

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