AI application

eBay’s new AI app generates listings based only on product photos

Summary eBay’s “magical” listing tool gets image understanding. This is supposed to make it easier for first-time sellers to get started. In the first version of the Magical Listing Tool, users could enter a title and category, and a generative AI would fill in the description. This feature was used by about 30 percent of …

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AI21 Labs and Imbue AI raise triple-digit millions for more capable LLMs

Summary Two LLM startups, A 21 Labs and Imbue AI, raise hundreds of millions to develop new foundational language models. Imbue AI (formerly Generally Intelligent) raised $200 million in a Series B funding round. Investors include Astera Institute, Nvidia, Cruise CEO Kyle Vogt, and Notion co-founder Simon Last. In total, the company has raised $220 …

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Text-to-Video AIs Runway Gen-2 and Pika Labs get new features

Summary RunwayML and Pika Labs announce new features for their video AI systems. RunwayML gets camera control for AI-generated video. This can be used, for example, to selectively zoom in and out or influence the horizontal and vertical direction of camera movement. Until now, these elements were largely random. Runway CEO Cristóbal Valenzuela introduced the …

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Microsoft takes the heat for its users in AI-related copyright infringement cases

Summary Generative AI systems from Google, Microsoft, OpenAI, and others are the subject of numerous copyright lawsuits. Microsoft wants to protect its customers in the event of legal issues. In a blog post, Microsoft President Brad Smith offers a safety guarantee: Customers of Microsoft’s Copilot products can use the output as they see fit. If …

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Morgan Stanley launches OpenAI chatbot for investment advice

Summary After a testing period, Morgan Stanley is rolling out an OpenAI chatbot to help advise wealthy clients. Morgan Stanley will soon roll out a new AI chatbot to help its financial advisors serve wealthy clients more efficiently. The AI assistant was developed in collaboration with OpenAI, the makers of ChatGPT, and is designed to …

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Apple spends millions of dollars a day on AI training

Summary Apple’s large language model team may be small, with 16 people, but it has a big budget: millions of dollars reportedly go into AI training every day. This is reported by The Information, citing a person with direct knowledge of Apple’s AI development. The so-called “Foundational Models” team is led by AI engineer John …

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Anthropic launches Claude Pro for $20 per month

Summary Claude Pro is Anthropic’s answer to ChatGPT Plus and promises more usage and early access to new features. Anthropic, an AI startup founded by former OpenAI researchers, has introduced a paid subscription plan called Claude Pro for its Claude conversational AI service. The new plan offers higher usage limits, priority access during high-traffic periods, …

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Falcon 180B open-source language model outperforms GPT-3.5 and Llama 2

Summary Updated on September 07, 2023: The Technology Innovation Institute releases Falcon-180B, the largest model in the Falcon series. It is based on Falcon 40B and has been trained with 3.5 trillion tokens on up to 4096 GPUs simultaneously via Amazon SageMaker for a total of ~7,000,000 GPU hours. Falcon 180B is said to outperform …

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