OpenAI officially launches Sora for ChatGPT users
Plus Meta launches Llama 3.3
Today’s Highlights:
📰 News: OpenAI officially launches Sora for ChatGPT users + Meta launches Llama 3.3
💰 Funding: OpenAI Startup Fund raises $44M for its largest Special Purpose Vehicle
⚡️ Top News Stories:
1. OpenAI has launched its text-to-video model Sora for ChatGPT Plus and Pro users, enabling the creation of high-resolution, 20-second videos in various formats up to 1080p, though it is not yet available in the EU, Switzerland, or the UK.
2. Meta has launched Llama 3.3, an open-source multilingual LLM delivering high performance at lower computational costs, matching the larger Llama 3.1 model while reducing GPU load by up to 24x, excelling in multilingual reasoning with a 128k-token context window and potential savings of $600,000 in hardware costs.
3. Google's new quantum computing chip "Willow" achieved a historic milestone by solving a problem in under 5min, a task that would take a supercomputer 10 septillion years, using real-time quantum error correction with additional qubits to meet the "below threshold" scaling challenge for manageable errors.
4. Adobe has partnered with AWS to integrate its Experience Platform, enabling enterprises to use AWS-stored customer data for real-time personalization and generative AI capabilities through the new AEP AI Assistant, which enhances productivity and marketing efficiency with natural language interactions.
5. X, has reintroduced its Aurora image generator, developed by Musk’s xAI, which integrates into the Grok assistant to create photorealistic images from text and user-provided images, with editing features slated for future updates.
6. Amazon's new AGI SF Lab, led by Adept co-founder David Luan and robotics expert Pieter Abbeel, will develop AI agents capable of complex digital and physical tasks, integrating self-learning and human feedback, with a focus on interactions with computers, browsers, and code interpreters, while recruiting experts in fields like physics and quantitative finance.
7. OpenAI is considering removing the "AGI clause," which restricts Microsoft's access to its technology upon achieving Artificial General Intelligence, as part of its transition to a public benefit corporation to attract more funding, addressing concerns tied to Microsoft's $13 billion stake and return on investment limitations.
💰 Top Funding News:
1. Dimension Capital has raised an oversubscribed $500M second fund, surpassing its $400M target, to invest in tech-driven life sciences startups, focusing on AI-powered drug discovery and biopharma infrastructure innovation.
2. The OpenAI Startup Fund has raised $44.3M for its largest Special Purpose Vehicle (SPV) to date, bringing its 2024 SPV total to $114.2M, enabling flexible investments in existing portfolio companies and early-stage AI startups.
3. Riverside, which integrates AI-powered tools into its podcast and video recording platform, raised a $30M in a Series C, from Zeev Ventures, Seven Seven Six, and prominent angels.
4. WaveForms AI, which develops AI audio software for immersive voice interactions, focusing on interpreting emotional cues and adapting to users' tone and behavior in real time, raised a $40M Seed round, led by Andreessen Horowitz.