NVIDIA’s GenAI Supercomputer, OpenAI’s Developer APIs, Stablecoins + AI agents

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💬 OpenAI Developments

OpenAI Founder Sam Altman Just Delivered Fantastic News for Microsoft Investors

OpenAI co-founder Ilya Sutskever, who played a pivotal role in the controversial firing and subsequent rehiring of CEO Sam Altman in November 2023, announced his departure from the company on May 14, 2024. Sutskever expressed excitement for his next venture, describing it as "very personally meaningful," with further details to be shared in due time.

OpenAI brings its o1 reasoning model to its API — for certain developers

OpenAI has introduced its o1 reasoning model to select developers via its API, enhancing capabilities in complex problem-solving across science, coding, and mathematics. This model employs a "chain-of-thought" reasoning approach, enabling it to decompose intricate problems into logical steps, thereby improving performance in areas such as competitive programming and advanced scientific queries.

🌐 AI in Various Sectors

Robotics: NVIDIA has introduced the Jetson Orin Nano Super Developer Kit, a compact AI computer priced at $249, designed to make AI development more accessible to hobbyists, small companies, and students. This device offers a 70% increase in neural processing power and a 50% boost in memory bandwidth compared to its predecessor, facilitating the development of AI-powered applications such as chatbots, visual AI agents, and robots.

Social Media and Interaction: YouTube, in partnership with CAA, will test a tool allowing celebrities and creators to identify and request removal of AI-generated content using their likeness. The initiative reflects YouTube's effort to support creative professionals as generative AI grows.

🚀 Tech Industry Moves

NVIDIA has introduced the Jetson Orin Nano Super Developer Kit, a compact generative AI supercomputer priced at $249—half the cost of its predecessor. This device offers up to a 1.7x increase in generative AI inference performance, making it accessible to a wide range of users, including commercial AI developers, hobbyists, and students.

Google has introduced Gemini Code Assist tools, enhancing its AI-powered coding assistant by integrating APIs from various developer services, enabling seamless access to external data and actions directly within the IDE. This expansion aims to boost productivity by allowing developers to interact with tools like Jira and Sentry without leaving their coding environment.

Google is offering 16 free cloud-based online courses, available until the end of 2025, to help learners develop skills in cloud computing, machine learning, and other emerging technologies. These courses are open to everyone and include preparation for various Google Cloud certification exams, such as the Professional Data Engineer and Associate Cloud Engineer certifications.

Microsoft has significantly increased its investment in AI infrastructure by purchasing 485,000 of Nvidia's "Hopper" chips this year, surpassing the combined purchases of its major competitors, including Meta, Amazon, and Google. This strategic move aims to enhance Microsoft's AI capabilities, particularly in supporting OpenAI's advanced models, and underscores the company's commitment to leading in AI development.

Meta AI has introduced Apollo, a new family of large multimodal models (LMMs) specifically designed for video understanding. Apollo models are capable of processing videos up to an hour long and excel in tasks such as temporal reasoning and video-based question answering.

⚖️ AI Ethics and Regulation

The European Data Protection Board (EDPB) issued an opinion addressing key questions about the lawful use of personal data in developing and deploying AI models under GDPR, covering areas like model anonymity, the legitimacy of processing personal data without consent, and handling models trained on unlawfully obtained data. It emphasizes case-by-case assessments, adherence to data minimization principles, and mitigation measures to protect individual rights. While the EDPB provides guidance for regulators and developers, concerns remain about potential loopholes, such as legitimizing web scraping if data is anonymized post-training, which could undermine GDPR’s foundational principles.

💡 Emerging AI Technologies and Companies

AI startup Oddysee’s new tool can generate photorealistic 3D worlds

Odyssey, a startup led by Oliver Cameron and Jeff Hawke, has unveiled Explorer, an AI tool that creates photorealistic 3D scenes from text or images using a custom-trained model and Gaussian splats. While currently limited by resolution and speed, Explorer’s realistic outputs can integrate with tools like Unreal Engine and Blender, offering potential for film, gaming, and entertainment. Despite concerns about AI's impact on creative jobs, Odyssey emphasizes collaboration with artists, supported by the addition of Pixar co-founder Ed Catmull to its board.

Hexa, the startup studio behind Aircall and Swan, unveils its next batch of startups

Hexa, the Paris-based startup studio known for launching companies like Aircall and Swan, has unveiled its latest batch of startups. These new ventures span various sectors, including blockchain data orchestration, procurement process streamlining, B2B wholesale ordering, corporate knowledge sharing, WhatsApp Business enhancements, and public tender management.

🎨 AI in Creative Industries

The combination of Stablecoins and AI agents is transforming finance, enabling autonomous economic systems that are smarter and more efficient. Stablecoins provide stability, programmability, and seamless global transactions, making them ideal for autonomous AI systems. AI agents enhance this ecosystem by automating financial decisions, optimizing processes, and enabling new economic models, such as machine-to-machine economies. This integration has the potential to revolutionize decentralized finance (DeFi), cross-border payments, and global financial inclusion, paving the way for a smarter, faster, and more efficient economy.

🌍 Global AI Race

AI boom masks fundraising struggles for non-AI startups

The fundraising landscape has become starkly divided, with AI startups securing massive valuations, while non-AI companies face significant challenges in raising capital, even with decent growth. Tribeca Venture Partners focuses on helping mature non-AI startups navigate "down rounds" as valuations remain inflated in a tough market, highlighting a prolonged period of financial recalibration for non-AI ventures.

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