🍦 Apple Launches OpenELM! Open-Source Family of Small LLM Models
PLUS: Learn how IOC will use AI in Paris Olympics 2024
Happy Sunday!
Welcome to The AIfoundry family. A newsletter that demystifies AI for 50,000+ business professionals from companies like Coca-Cola, Walmart, Meta, Google, Starbucks, and more.
What a day! The latest AI scoop covered in today’s newsletter:
🍦 Apple's OpenELM, small open-source LLM to run on devices
🍦 IOC launches first-of-its-kind AI agenda for Olympics
🍪 Latest bite sized news on AI and AI investments
🎁 Seven New Fun & Productive AI Tools
Daily new AI tools for supercharging your growth & success!TRENDING TOOLS
📸 Hitpaw: Removes objects & modifies photos, videos, audios as desired (link)
👨💻 Formulas HQ: Productivity tool creating excel formulas based on prompt (link)
🤳 CaptionIt: Produces captivating captions based on any occasion instantly (link)
📔 WriteSparkle.ai: Allows effortless writing and optimises PDF interactions (link)
📹 Wise cut.ai: Transforms long format videos into interesting, engaging clips (link)
📚 Summarist.ai: Converts text from desired book into exhaustive summary (link)
🙅 No tool is Sponsored
Stay at the forefront with exhilarating daily AI breakthroughs!🍦 Apple's OpenELM, small open-source LLM to run on devices
💼 Foundry Brief:
Apple recently launched OpenELM (Efficient Language Models), a family of small scale open-source LLMs that will be run directly on Apple devices to enable privacy. OpenELM thus, ground-breaking surpassing existing models while using lesser training inputs.
🍿 Highlights:
Apple introduces 8 models that use public datasets with different training levels, 4 being pre-trained and 4 instruction-based.
Apple further plans to improve accuracy and efficiency of models by using a layer-wise scaling approach.
The models are available as open source on Hugging Face Hub, including all their available versions, codes and training logs.
🌯 In a Wrap:
Apple contributes to a collaborative open research community with OpenELM. Resource sharing, in a booming sector like AI, aids developers to perfect their own creations while pinpointing associated risks. On-device AI capabilities and user privacy of devices reestablishes Apple’s position as industry pioneer.
🍦 IOC launches first-of-its-kind AI agenda for Olympics
💼 Foundry Brief:
The International Olympic Committee (IOC) under the leadership of President Thomas Bach launched the Olympic AI Agenda, aiming to harness the use of AI in sport through responsible leadership and upholding existing Olympic values.
🍿 Highlights:
Committee noted that AI will revolutionise judging, refereeing and safeguarding, thereby strengthening fairness in sport.
AI would support athletes with access to personalised training methods, superior sports equipment and more individualised programmes.
AI will also transform sports broadcasting and make the spectator experience much more individualised and immersive.
🌯 In a Wrap:
Unlike other industries where AI is replacing humans, in sports, AI will support humans into being better, improving health & performance. Thus, IOC’s ambition to revolutionise sport through AI responsibly will preserve Olympic ideals and is surely commendable.
🍟 AI Crisps
Brief & Unmissable Vital AI DevelopmentsQualcomm introduces Snapdragon X Plus chips in PCs for on-device AI.
Nvidia-backed startup Synthesia launches AI avatars exude human-like emotions.
Meta Ray-Ban Smart Glasses has new features of AI assistant and Whatsapp video call.
Apple rumored to develop its own AI server with silicon chip manufacturer TSMC.
Sam Altman, other chief execs join US federal board for secure use of AI.
🍪 Finance & AI Investment Crumbs
See where's the money at in AI through regular finance updatesMicrosoft’s AI revenue hits high, with 17% growth to $61.9 billion in Q3, March.
Nvidia to acquire Run:ai at the price of $700 million.
Amazon’s $4Bn investment in startup Anthropic faces antitrust regulation.
Coca-Cola collaborates with Microsoft in the GenAi project, invests $1.1 Bn.
AI transforms art industry worldwide, market to grow at 17.4% CAGR in 2024-30.
Discover practical ways to utilise AI in your day to day work life🔎 How to create videos with ChatGPT prompt using VEED.IO
ChatGPT itself cannot generate videos right now. But they have an available integration with VEED.IO that can aid in generating video clips at an instant. Follow the steps below to create:
Log into ChatGPT plus account
Utilize chatbox to generate desired script for your video
Go to explore, click on VideoGPT by VEED
OR directly go to VEED.IO/videogpt
Click on let’s create video
Enter ChatGPT generated prompt to create your video
After processing prompt, link to an VEED-generated project will appear
Click on the link and make edits as desired.
Use this process to create an interesting video on any and every topic you want.