The World Economic Forum's Annual Meeting took place last week. Among the several topics discussed at the meetings several sessions, two discussions set the pace for much of the week: the impact of Artificial Intelligence on the global economy and the ongoing war in Ukraine.
Pinecone recently announced the introduction of serverless indexes to their vector database offerings. The company has emphasized that serverless indexes preserve functionality and performance while simplifying developers' workflows by eliminating practically every hardware-related concern.
We've collected a selection of the most notable stories covered by DataPhoenix during 2023. The list includes some trailblazing advances in LLMs, media generation, and research and development. We've also included a small recap of noteworthy partnerships and general interest debates.
OpenAI has launched ChatGPT Team, a new subscription plan aimed at smaller organizations that may lack the resources for an Enterprise subscription. The company also announced the GPT Store, a platform hosting the custom ChatGPT versions created by users, and its plans to start a revenue program.
In its quest to accelerate the growth of its AI platform, Poe, and to make its chatbot creator program profitable for its users, Quora has raised $75M from Andreessen Horowitz. The company plans to dedicate most of the raised funds towards its creator monetization program
AMD's latest family of graphics cards, the AMD Radeon™ 7000 Series, includes the high-performance RX 7600 XT, which has a suggested retail price of $329. Its RDNA™ 3 architecture, 64 AI accelerators, and 16 GB of GDDR6 memory make the RX 7600 XT an ideal graphics card for AI applications.
Stability AI is expanding access to its foundational video generation model, Stable Video Diffusion. The model is now accessible via the Developer Platform API, available for local hosting via the Stability AI Membership, and will soon be usable through a web interface.
Sources close to Anthropic's finances claim that the company will reach $850 million in annualized revenue by the end of 2024. Previous reports placed the figure at $500 million. The motivations for the updated projection remain unclear, but the optimism behind them may be well-founded.
ChatGPT's coming to existence will go down into the history books as the catalyst for the LLM race that dominated 2023. Fortunately, ChatGPT also ushered in the creation of the open-source ecosystem, which has given us powerful yet compact LLMs and shows no signs of stopping.
Almost two months ago, a team of Apple and Columbia University researchers quietly released an innovative research-only, open-source MLLM called 'Ferret' that excels in visual reference understanding and grounding textual input.
Instock Inc. is a California-based start-up developing automated storage and retrieval systems (ASRS). The Amazon Industrial Fund investment has brought Instock's total seed funding to $6.2 million, which the company plans to use in making ASRS systems accessible to businesses of all sizes.
Microsoft partnered with Suno, a leader in AI-powered music generation, to bring songwriting capabilities to Microsoft Copilot. Users signed in to the Copilot website using their Microsoft account can generate songs complete with lyrics, instrumentals, and voice with a single sentence.