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In today’s AI summary rundown:

1. Apple's 'Ferret' - A New Open-Source AI Model: Apple has launched a new open-source machine learning model named 'Ferret'. Developed with Cornell University, Ferret is different from Apple's usual secretive approach. It's available on GitHub since October and includes Ferret-Bench, a benchmark tool. What's unique about Ferret is that it can work with images. Users can highlight parts of an image, and Ferret will analyze that specific area. This feature is exciting for tasks that need a deep understanding of visuals.

2. Apple’s Vision Pro - Production Challenges: Apple's Vision Pro, a virtual reality headset, is facing significant production challenges. These issues are so severe that Apple might only produce between 400,000 to 600,000 units this year, much less than the expected one million. Apple analyst Ming-Chi Kuo suggests that even by 2024, production might fall short, potentially leading to limited availability in the market. This production shortfall is happening despite Apple's efforts and CEO Tim Cook's promise of an early 2024 release.

3. OpenAI's New Funding - Aiming for $100 Billion Valuation: OpenAI, the company behind ChatGPT, is in early talks to raise new funding that would value it at $100 billion or more. This negotiation stage includes potential investors, but the exact terms and timeline are still undecided. If successful, this funding would make OpenAI one of the most valuable startups in the US, second only to Elon Musk’s SpaceX. This is a significant step for the AI company, highlighting its growing influence and value in the tech industry.

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Insight: ChatGPT Has a Long List of New Rivals as the Year Ends

In the world of AI, things are getting more competitive. Last year, OpenAI's ChatGPT was a big new thing. It had advanced tech, and lots of money, and it was the first to bring out something so innovative.

But now, many tech companies are stepping up with their own AI services. For instance, Mistral, a French startup, launched a big open-source AI model in September. Elon Musk, known for his work with Tesla and SpaceX, brought out a chatbot named Grok in November. And recently, Google introduced its Gemini model.

While none of these have fully matched the latest from OpenAI, GPT-4, they're getting close and offer some tough competition. Some users like using different chatbots for specific things, like Character AI, which lets you talk to AI versions of game characters.

Perplexity AI, another company, is trying to stand out by giving more accurate and up-to-date answers. They use existing models, including those from Mistral and Meta, rather than starting from scratch.

Even though OpenAI's models like GPT-4 are great at a wide range of topics, not all users notice or care about the differences, especially in more specialized areas.

OpenAI's big advantage is its large language models that use tons of online data to respond to different requests. But now, startups are figuring out how to make smaller models that can do similar things. For example, a company called Imbue, backed by Nvidia, is working on smaller, more efficient models. They even made a tool that fixes Python coding errors, showing you don't always need something as big as GPT-4 for specific tasks.

Last month, when OpenAI had some leadership changes, competitors like Cohere, Anthropic, and Google saw more people interested in their services. This shows that ChatGPT isn't the only choice anymore in the AI world.

AI Training: Tutorial of the Day

Today, let's dive into a quick and fun tutorial on how you can harness the power of AI to spark your creativity. We're going to create a personalized work of digital art using AI!

1. Select a Theme: Choose a theme that sparks your interest, be it a tranquil beach or a futuristic metropolis.

2. Craft a Prompt: Develop a detailed prompt, like "Beautiful watercolor painting of famous structures, cities, and buildings, people and on the street."

3. Pick an AI Tool: Explore user-friendly AI art generators like DALL-E or Midjourney to bring your prompt to life.

4. Input Your Prompt: Feed your crafted prompt into the chosen AI tool and watch the creativity unfold!

5. Admire Your Art: Within moments, revel in your unique artwork. Share it in our community or use it as inspiration for your projects! Remember, the more detailed your prompt, the more impressive the AI-generated results!

Remember, the key is to be as descriptive as possible in your prompts. AI tools are great at following detailed instructions, so the more vivid your description, the better your results!

Quirky AI Tools

1. YOU AI 🧠

   YOU AI, founded by AI experts Richard Socher and Bryan McCann, is a versatile AI platform offering tools for personalized searching, writing, and image creation. It includes:

   YouChat: An AI chat assistant that answers questions, explains concepts, translates texts, summarizes articles, composes emails, and writes code snippets, displaying results in various formats like charts or videos. 💬

   YouWrite: Utilizing OpenAI's GPT-3, this tool aids in writing emails, blog posts, novels, essays, and social media content, helping overcome writer’s block. 📝

   YouImagine: An image-generation tool, based on models like Stable Diffusion, enabling users to create images from text descriptions. 🎨

   YouCode: Launched in 2022, this tool aids programmers with a plain-language search bar, AI code generation, and developer tools like a code editor and debugger. 👨‍💻

2. Simplified 🎨

   Simplified is an all-in-one AI tool for design, video editing, content writing, and social media. Its features include:

   Graphic Design: Over 100,000 templates and a user-friendly editor for easy design creation.

   Video Editing and Animation: Tools to create and edit videos and animations. 📹

   AI Content Writing: AI-powered writing tool for generating quality content efficiently. ✍️

   Social Media Publishing: A feature for scheduling and publishing content directly on social media platforms, streamlining online presence management. 📈

3. Pim Eyes 🖼️

   PimEyes is an advanced facial recognition-based search engine for locating specific faces online. Key features include:

   Face Finder: Upload a photo to find indexed images containing the specified face, even in varied contexts. 🕵️‍♂️

   Reverse Image Search: Find similar images or objects from across the open web.

   PROtect Plan: Offers privacy protection, online presence management, and tools for image exclusion and legal takedown notices. 🛡️

Trending AI Startups

1. DataVisor 🛡️ DataVisor harnesses the power of machine learning, specifically unsupervised learning techniques, to effectively detect and prevent fraud and financial crimes. This technology enables DataVisor to identify potentially harmful attack campaigns before they cause any actual harm. 🌐 Their services are crucial for companies in preventing a wide array of attacks, ranging from account takeovers and the creation of fake accounts to money laundering and fraudulent social media activities. DataVisor's advanced algorithms can spot subtle patterns indicative of fraudulent behavior, ensuring businesses stay one step ahead of criminals.🕵️‍♂️

2. BigPanda 🐼 BigPanda's mission is to use AI to preempt and mitigate IT outages, which can have catastrophic effects on businesses, e-commerce platforms, and essential applications. They focus on the field of AIOps, a blend of artificial intelligence with IT operations, aiming to transform the way IT departments manage and resolve issues. 🚀BigPanda's AI-driven technology predicts potential system failures, allowing IT teams to act proactively rather than reactively, thus maintaining operational continuity and reducing downtime. This approach is particularly valuable in today’s tech-dependent business environments, where even minor IT hiccups can lead to significant financial losses.💻

3. SymphonyAI 🎼 As part of the SymphonyAI Group, Symphony AI Sensa stands at the forefront of machine intelligence and big data analytics. Their expertise lies in offering sophisticated, intelligent applications designed to tackle complex data analytics challenges. The company's solutions are geared towards enabling clients to automate processes that would normally require extensive manual analysis, thus saving time and resources. 📊 With a keen focus on financial crime detection, particularly following their partnership with Sionic, SymphonyAI empowers organizations to unearth insights from their data, leading to more informed decision-making and enhanced operational efficiency.🧠

4. Darktrace 🌐 Darktrace, headquartered in the United Kingdom, is a cybersecurity pioneer, leveraging self-learning AI to protect clients’ data and infrastructure from cyber threats. Their AI technology is designed to adapt and respond to the specific security needs of each client, providing a tailored approach to cyber defense. 🛡️ Darktrace's capabilities include not only detecting and preventing cyberattacks but also responding to and recovering from them. Their comprehensive suite of security solutions ensures that organizations are equipped to handle various types of cyber threats, from minor breaches to sophisticated, large-scale attacks, thus safeguarding critical digital assets.🔒

These startups are at the forefront of AI innovation, offering a range of services and technologies that are shaping the future of various industries.

AI-Generated Image of the Day

Prompt: Create a vibrant fantasy forest inspired by the digital painting style of video games like "Ori and the Blind Forest." Ancient trees with luminous leaves create a canopy above, while the air shimmers with sparkling motes of light. A river with iridescent waters meanders through, bordered by glowing, kaleidoscopic plants. Bioluminescent ferns and mushrooms dot the forest floor, adding to the magical ambiance.

Tip: the more specific the better

Question of the Day

Today’s Meme 

That’s a Wrap 

That’s it for today’s news in the world of AI!

If you have anything interesting to share, please reach out to us by sending us a DM on Twitter: @dthareja or email me at [email protected]

How was today's newsletter?

Thanks for reading.

Until next time!

Dhiraj

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