New AI launches
Stability AI has launched Stable Audio, an open-source text-to-audio tool that allows users to generate music, solo instruments, sound effects, and more. It’s freely available, and a demo can be accessed on their website.
Slack is introducing AI functionality, offering valuable features like thread summarization, channel highlights recap, and message searches. This is a significant addition to Slack, which often struggles with information overload, making it easier to access critical business information buried in conversations.
Anthropic’s Cloud AI service, Claude Pro, competes directly with ChatGPT+. Founded by former OpenAI employees, Cloud AI’s performance is comparable to ChatGPT’s. For $20 per month, customers receive enhanced usage, more messaging capabilities, priority access during peak times, and early access to new features. Unlike ChatGPT+, Cloud Pro doesn’t have tiered GPT versions like GPT 3.5 and GPT 4.
Character.ai is gaining popularity in the US, particularly among younger users aged 18 to 24, with 4.2 million monthly active users. Although its roleplaying AI app launched just this year, its rapid growth suggests diverse use cases, even though some users are still exploring how to integrate it into their lives.
Tesla AI. Tesla is switching to a fully AI-driven approach for its self-driving technology. While self-driving cars, including Teslas, have traditionally used neural networks combined with extensive code, Tesla is now relying solely on AI learning from video data captured by cameras in their vehicles. This vast dataset allows Tesla to train pure neural network models, giving them a significant advantage over competitors who do not have such extensive camera coverage.
Meta AI. Meta, formerly Facebook, is gearing up for the development of their next large language model, LLaMA, with the aim of matching or surpassing GPT-4 in quality. They are investing in AI training chips and expanding their data centers to create a sophisticated chatbot. Training is set to begin in early 2024, and Meta intends to offer free access to companies to create AI tools. This time, they are bolstering infrastructure to reduce reliance on external cloud platforms for training.
AI Stock Trades. The NASDAQ has received SEC approval for AI-based trade orders called the Dynamic Midpoint Extended Life Order (MELO). This system uses artificial intelligence, specifically reinforcement learning, to adjust trade orders in real-time based on market conditions. The goal is to enable more trades without significantly impacting stock prices.
(The material is translated, summarized and adapted from Matthew Berman’s YouTube channel)