🗞 OpenAI Unveils Compact Version of Latest AI Model 🤖

🔎 The Latest on the AI Frontier:

• OpenAI Unveils Compact Version of Latest AI Model 🤖

• Microsoft Challenges Canva with AI-Powered Design App 🎨

• Xbox Expands Cloud Gaming with Nvidia Partnership 🎮

• Apple Addresses AI Training Controversy 🍎

• Meta Holds Back AI Models in EU Due to Regulations 🇪🇺

• Meta Pauses AI Tools in Brazil Amid Privacy Concerns 🇧🇷

• Grayscale Introduces Fund for Decentralized AI Investment 💼

• Bitcoin Miners Pivot to AI, Sparking Major Deals 📊

🤖 OpenAI launches "GPT-4o mini," a smaller, cost-efficient version of its most powerful AI model. Link

• The new model is available to free ChatGPT users, as well as Plus and Team subscribers, with Enterprise access coming next week.

• OpenAI plans to integrate image, video, and audio capabilities into GPT-4o mini in the future, aiming for multimodal functionality.

• This release is part of OpenAI's strategy to maintain its lead in the generative AI market while balancing costs and revenue generation.

🎨 Microsoft's AI-powered Designer app launches on iOS and Android, rivaling Canva. Link

• The app allows users to generate images and designs with text prompts for creating stickers, greeting cards, invitations, and more.

• Designer is now available in over 80 languages on web, mobile, and Windows platforms, featuring "prompt templates" to assist users in the creative process.

• Microsoft plans to integrate Designer into apps like Word and PowerPoint through Copilot, allowing Copilot Pro subscribers to create images and designs within their workflow.

🎮 Microsoft integrates Nvidia's GeForce Now into Xbox game pages, expanding cloud gaming options. Link

• Microsoft is adding Nvidia's GeForce Now as a cloud gaming option alongside Xbox Cloud Gaming on its Xbox game listings web pages.

• This integration allows users to choose between Xbox Cloud Gaming or GeForce Now when viewing game listings, broadening cloud gaming accessibility.

• The move strengthens the partnership between Microsoft and Nvidia, following their 10-year deal to license Xbox PC games for GeForce Now, including Activision Blizzard titles.

🍎 Apple clarifies OpenELM model doesn't power Apple Intelligence features amid YouTube data controversy. Link

• Apple confirmed that its open-source OpenELM model, which used YouTube subtitles data for training, is not used in any Apple Intelligence features.

• The company states OpenELM was created solely for research purposes and to contribute to the open-source language model community.

• Apple Intelligence models are instead trained on licensed data and publicly available data collected by Apple's web-crawler, according to the company.

🇪🇺 Meta to withhold future multimodal AI models from EU due to regulatory uncertainty. Link

• Meta cites "unpredictable nature of the European regulatory environment" as reason for not releasing upcoming multimodal Llama model in the EU.

• Decision could prevent European companies from using Meta's open-licensed multimodal models, potentially impacting AI development in the region.

• Meta's move follows Apple's recent decision to withhold its Apple Intelligence features in Europe, highlighting growing tensions between U.S. tech giants and EU regulators.

🇧🇷 Meta suspends generative AI tools in Brazil following government privacy objections. Link

• Meta's decision comes in response to Brazil's National Data Protection Authority (ANPD) suspending the validity of Meta's new privacy policy for using personal data to train AI systems.

• Brazil is a crucial market for Meta, with the second-largest WhatsApp user base globally after India.

• Meta stated it will suspend the tools while in talks with ANPD to address concerns over generative artificial intelligence and data usage.

💼 Grayscale launches new fund focusing on decentralized AI, tapping into emerging blockchain-based AI solutions. Link

• The Grayscale Decentralized AI Fund LLC aims to invest in three key areas: AI services, addressing centralized AI problems, and developing AI-related infrastructure.

• Initial assets in the fund include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR), with Near, Filecoin, and Render as top-weighted assets.

• The fund will rebalance quarterly, providing investors an opportunity to invest in decentralized AI at its earliest phase.

📊 AI boom drives bitcoin miners' pivot, sparking multibillion-dollar deals and grid innovations. Link

• Lancium and Crusoe Energy Systems announce a deal to build a 200-megawatt AI data center near Abilene, Texas, part of a larger 1.2-gigawatt campus.

• Bitcoin miners are rapidly diversifying into AI infrastructure, with companies like Bit Digital and Hut 8 securing significant AI-related contracts and investments.

• The shift to AI is reshaping energy demands, with estimates suggesting data centers could consume up to 9% of total U.S. electricity by 2030, up from 4% in 2023.

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