OpenAI has launched GPT-4o mini, a highly cost-efficient and capable small language model that outperforms comparably-sized models on various benchmarks, offers significantly reduced pricing, and aims to democratize AI by making advanced intelligence more accessible.
Mistral AI and NVIDIA released Mistral NeMo 12B, a state-of-the-art 12B-parameter language model for enterprise applications, featuring a 128K context length, FP8 data format, and optimized performance across various tasks, packaged as an NVIDIA NIM inference microservice for easy deployment.
Briefly Bio has developed a platform that streamlines scientific protocol creation and sharing, aiming to revolutionize research collaboration and lab automation by addressing the time-consuming challenge of experimental troubleshooting.
Swedish legal tech startup Leya has secured $25 million in Series A funding to develop its AI platform, which aims to dramatically boost lawyer productivity by automating routine tasks and integrating existing legal resources.
Microsoft has made its AI-powered Designer app generally available, offering users across various platforms the ability to create and edit designs instantly using AI, with new features including integration with Microsoft 365 apps, custom content creation, and image editing capabilities.
Cohere and Fujitsu have formed a strategic partnership to develop and deploy advanced, secure Japanese language AI models for enterprise use, with plans to launch them in September 2024, and to combine Cohere's LLM expertise with Fujitsu's technologies to accelerate enterprise AI adoption.
Codestral Mamba, a coding model leveraging the Mamba architecture for speed and performance, and Mathstral, a state-of-the-art model for advanced mathematical reasoning, highlight the benefits of fine-tuning with high-quality data rather than aiming for size.
Hugging Face has introduced SmolLM, a new family of small but powerful language models trained on a high-quality dataset. The models are small enough to run efficiently on local devices while outperforming competitors in their size categories across various benchmarks.
AI-powered chess startup Echo Chunk has raised $1.4 million in pre-seed funding to continue developing its innovative puzzle game Echo Chess and expand its vision of using AI to revolutionize strategy game design and user-generated game content.
The UK's competition watchdog is looking into Microsoft's deal with Inflection AI, as Microsoft hired Inflection's leaders and most of its staff, raising questions about whether this is a merger that could affect fair competition in the AI industry.
Global healthcare AI company Huma has raised over $80 million in Series D funding and launched its AI-powered Huma Cloud Platform, which aims to revolutionize digital health by reducing project launch times from years to days while expanding its presence in hospitals and clinics worldwide.
Germany-based data management company One Data has secured €32 million in Series B extension funding to expand its AI-powered Data Product Builder platform, with plans to grow internationally and strengthen its position as a leader in data product management.