AI Edition - It's AI Time - 111 [03-08-2024]

AI Edition - It's AI Time - 111

NeMo Model by Mistral AI and NVIDIA: 

Mistral AI, in collaboration with NVIDIA, has introduced the NeMo model, a 12-billion parameter AI model boasting an extensive context window of up to 128,000 tokens. This model is designed to excel in reasoning, world knowledge, and coding accuracy, setting a new benchmark for AI performance in its size category.

TSMC's Revenue Forecast: 

Taiwan Semiconductor Manufacturing Company (TSMC) has revised its 2024 revenue forecast upwards due to the increasing demand for AI application chips. The company now expects growth slightly above 20%, reflecting the robust AI market.

Meta and Apple's EU Regulatory Challenges: 

Both Meta and Apple have decided not to launch their new AI models in the European Union, citing regulatory concerns. This move highlights the growing tension between tech companies and EU regulations regarding AI deployment.

SoftBank Acquires Graphcore: 

SoftBank has acquired Graphcore, a leading British AI chipmaker, for approximately $600 million. This acquisition is part of SoftBank's strategy to strengthen its AI capabilities and technological assets.

AI's Economic Impact in the UK: 

Workday reports that AI could potentially boost UK productivity by £119 billion, addressing the nation’s long-standing productivity challenges. The integration of AI into various business processes is expected to drive significant economic growth.

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