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In today’s AI summary rundown:

1. Cohere Introduces Competitive, Cost-Effective AI Model for Businesses: Cohere, a rising AI startup, is unveiling Command R+, an innovative AI model tailored for business applications. This model stands out by performing essential business tasks at lower costs compared to its competitors, like OpenAI. As Cohere's latest and most sophisticated technology, Command R+ aims to capture the corporate market with its efficiency and affordability, following a previously released, but less capable version.

2. OpenAI Announces Major Upgrades to AI Customization and Fine-Tuning Tools: In a significant development, OpenAI has announced comprehensive enhancements to its fine-tuning API and a broader custom models program. These updates are designed to offer developers more flexibility in adjusting AI models and creating bespoke solutions for specific business challenges. This initiative represents a leap towards making personalized AI technologies more accessible and adaptable for a wide range of organizational needs.

3. Lumana Debuts Advanced AI-powered Cloud-based Video Surveillance System: Emerging with a strong start, Lumana has introduced a sophisticated, cloud-based security system enhanced with AI for advanced image recognition, supported by $24 million in seed financing. This technology transforms standard security cameras into intelligent devices capable of detecting intricate events and threats. It utilizes a hybrid cloud architecture for improved speed and dependability, with the capability to learn and adapt over time. Users can customize the system to alert specific types of incidents, making security more robust and responsive.

4. Big Tech Firms Form Consortium to Address AI's Impact on Employment: In response to growing concerns about AI's potential to displace jobs, leading technology companies have come together to form a new consortium aimed at mitigating fears around AI and employment. With significant layoffs attributed to technological advancements at UPS and IBM's strategic hiring pause in anticipation of automation, the workforce is increasingly anxious about the future. Surveys and polls reflect this sentiment, showing a notable percentage of professionals and managers predicting job losses and considering AI as a replacement for human workers.

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Insight: Musk Clashes with OpenAI Over AI Talent Tug-of-War

Elon Musk has pointed fingers at OpenAI, accusing it of luring away Tesla's top AI experts with irresistible job offers. This practice isn't new; big tech companies often compete fiercely to hire the best talent for their AI projects.

Musk isn't just watching from the sidelines, though. He's come up with his own strategies to make sure his team stays happy and loyal.

But why does Tesla need these AI whizzes? The company has been on a mission to perfect self-driving cars, focusing especially on improving how these vehicles see and react to their surroundings. This involves a lot of sophisticated AI work to ensure the cars can navigate safely and deal with unexpected situations.

The clash between Musk and OpenAI isn't just about talent poaching. There's a deeper history of disagreement and tension. Musk was one of the people who helped start OpenAI back in 2015, but he parted ways with the organization after his efforts to integrate it more closely with Tesla didn't pan out.

The relationship between the two has been strained, culminating in Musk filing a lawsuit against OpenAI earlier this year, accusing it of straying from its original mission.

AI Training: Run Open-Source Models Locally for Private AI

Here’s a straightforward guide to getting started with Mistral AI's Phi-2, an open-source language model that you can run offline on your own computer. This way, your data stays private, and you won't encounter the censorship issues that might arise with other models.

Your Quick Guide to Using Phi-2 Locally:

1. Get LM Studio Installed: This is your first step. LM Studio is a free software that serves as your gateway to running AI models like Phi-2 directly on your computer. Simply download and install it.

2. Find Phi-2 within LM Studio: Once LM Studio is up and running, use its search function to look for "phi-2." This is how you'll find the specific model we're interested in.

3. Downloading Phi-2: In the search results, look for an entry named “TheBloke/phi-2-GGUF.” You'll have options to download either the Q6_K or the Q4_K_S version. Select the one that suits your needs and download it.

4. Start Chatting with Phi-2: After the download, navigate to the Chat tab within LM Studio. Make sure Phi-2 is the selected model for your session. Then, you're all set to begin interacting with Phi-2. Simply start typing your prompts and questions, and Phi-2 will respond.

And that's it! With these four easy steps, you'll be on your way to exploring what Phi-2 can do, all while keeping your data safely offline.

Quirky AI Tools

1. 🤖 scikit-learn: Dive into the brain of Python with scikit-learn, the ultimate wizard's toolkit 🧙‍♂️ for machine learning! With its treasure trove of spells for predictive data analysis, scikit-learn is your go-to for crafting powerful predictions 📈 with ease. Built on the mystical lands of NumPy, SciPy, and matplotlib, it’s perfect for tasks like classifying hidden treasures, predicting future quests, reducing the clutter in your magic bag, and even choosing the best spell for the job. Accessible to all, scikit-learn turns anyone into a data wizard in no time!

2. 🎥 LensAI: Step into the future with LensAI, where your everyday images and videos turn into a bustling marketplace! 🛍️ This AI-powered sorcerer identifies objects and scenes, weaving relevant ads into the fabric of visual content. Imagine watching a video and seeing an ad so perfectly matched, it feels like part of the story—this is the magic of LensAI. With its clever algorithm, ads become less of an interruption and more of a seamless shopping experience, right at your fingertips. Say goodbye to boring ads and hello to an engaging, clickable shopping journey!

3. 📸 Mokker AI: Say 'Abracadabra' with Mokker AI, and watch as it transforms your product photos with its magical AI-driven background switcheroo! 🎩✨ No more tedious Photoshop spells; just upload your image, and presto!—a perfectly placed new backdrop. With over 100 templates, Mokker AI is like your personal photo studio genie, granting wishes for stunning product shots that captivate and convert. Trusted by a legion of 275,000 professionals, it's your secret weapon for enchanting website visuals, social media spells, and marketing materials that truly pop.

4. 🌐 Postly: Unleash the power of social media with Postly, your digital key to effortlessly managing and automating your online empire! 🚀 With a single click, launch campaigns across the vast social media universe—from Facebook to TikTok, and even WordPress and Reddit. Postly transforms your social media into a mighty engine of growth, letting you focus on casting more spells of engagement and expansion. With its crystal ball analytics, witness the impact of your magic, refine your strategies, and watch your kingdom grow. Say farewell to the manual grind and hello to social media wizardry with Postly!

Trending AI Startups

1. 🚀 Keypup: Imagine a magical tool that lets engineering wizards 🧙‍♂️ and their teams see into the heart of their software projects like never before! Keypup does just that by mixing up a potion of real-time insights 📊 from different development and project management cauldrons into one powerful crystal ball. This means you can wave your wand 🪄 and customize or conjure up your own reports, insights, and dashboards. Get ready to peek into your development operations with just a glance, all tailored just for you!

2. 🛍 Nate: In the bustling cities of New York and London, nate emerges as a shining star 🌟 in the tech sky, bagging a hefty $38MM in its treasure chest 💰. This wizardry platform brings together the magic of intelligent automation, social shopping, and seamless payments under one roof. Following the creed “humans inspire, machines execute,” nate crafts a realm where every online shopping journey 🛒, from the spark of inspiration to the final click, is nothing short of a fairytale, prioritizing privacy and consumer joy at every turn.

3. 🎧 Listen2It: Step into the future of storytelling with Listen2It, where your words are transformed into lifelike audio 🗣️ tales! With over 900 AI voices across 75 languages, this platform is your very own studio in the cloud. 🌩️ From editing to streaming, manage your audio masterpieces 🎼 all in one spot. Whether you're creating your next viral podcast or bringing blog posts to life, Listen2It promises crystal-clear voices that have won the hearts of many, with a stellar 4.7 rating by happy creators.

4. 🔍 Monitaur: Venture into a world where AI is not just smart but also kind and trustworthy! 🌟 Monitaur pledges to bring you the best of AI, ensuring it works for the good of humanity. 🌍 By focusing on fairness and accountability, Monitaur acts as a guardian, ensuring AI models and systems are used responsibly. This isn’t just a dream; it's a promise to make our daily lives better, safer, and more just. With Monitaur, step into a future where AI truly understands the meaning of trust and responsibility.

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: new york city, analog, fujinon 90mm f/3.5 lens, fujifilm pro 400h, film photography --ar 16:9

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]

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Until next time!

Dhiraj

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