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- 🤖 Meta open-sources ChatGPT competitor
🤖 Meta open-sources ChatGPT competitor
PLUS: Microsoft stock SOARS on announcement
Rowan Cheung
July 19, 2023
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Happy Wednesday!
We had one of the biggest days in AI since the announcement of GPT-4.
Brace yourself!
In today’s AI rundown:
🤖 Meta and Microsoft team up and release Llama 2
⚡️ Microsoft announces AI for enterprises
🗞️ OpenAI’s $5m partnership to support local news
🛠️ 8 New AI tools and 3 quick hits
Read time: 3 minutes
LATEST DEVELOPMENTS
META
Image source: Meta
The Rundown: Meta open-sourced their large language model LlamA 2 (ChatGPT competitor), authorized commercial use, and announced a shocking partnership with Microsoft.
Key points:
Llama 2 outperforms GPT3 and performs on par with ChatGPT in terms of chat model quality (lacks in coding, though)
Meta has conducted extensive safety evaluations and has incorporated context distillation and RLHF for safety purposes
Available for commercial use unless a product has more than 700 million monthly active users
As part of the Meta and Microsoft partnership, it will be available through Microsoft’s Azure platform
Qualcomm is also collaborating with Meta to integrate Llama 2 into laptops, phones, and headsets from 2024 onward
Llama 2 will also be available through AWS, Hugging Face, and other providers
A few sites are already hosting Llama, but this one by Perplexity is currently The Rundown favorite
Why it matters: The open sourcing of Llama 2 will shake up the entire LLM market. This will compete directly against ChatGPT and other major LLMs AND massively threaten open-source startups such as Mosiac and Red Pajama. The AI games have just begun.
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MICROSOFT
Image source: Microsoft
The Rundown: Microsoft has announced its AI-powered Copilot will be integrated into Microsoft Teams for phone and chat as part of Microsoft 365 Copilot for an additional $30 per month (on top of existing commercial subscriptions).
Key points:
The announcement caused Microsoft stocks to surge as much as 6%, adding as high as $154 billion to Microsoft's market value
Functionalities include real-time summarization and generation of key information from calls and chats
Microsoft is testing Microsoft 365 Copilot with about 600 customers before a broader rollout
The full launch date hasn't been specified yet
Why it matters: As Microsoft continues to push its AI-centric strategy, it'll be intriguing to see how many Microsoft 365 users truly integrate Copilot. Nonetheless, investors seemed to love it.
OPENAI
Image source: OpenAI
The Rundown: OpenAI and the American Journalism Project (AJP), a leading venture philanthropy working on rebuilding local news, have formed a new partnership to explore ways AI can support local news organizations.
Key points:
OpenAI is committing $5 million to the American Journalism Project to support the expansion and up to $5 million in OpenAI API credits
The partnership aims to build a support structure for local news organizations
Sam Altman believes that AI should benefit everyone and enhance work
Why it matters: By leveraging AI, local news organizations could enhance the analysis of public data, improve user experiences, and counter misinformation.
TRENDING TOOLS
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🧪 Wope measures SEO data and insights using generative AI search
🛝 Wonderslide creates presentation slide decks in seconds
📧 Email AI by Snov generates reply-boosting emails in seconds
🚀 Anyword Performance helps you get better marketing results on ChatGPT, Notion, and Canva
🖥️ Permar AI generates landing pages in seconds
🔮 Supertools organizes 100’s of AI tools for you in one spot
QUICK HITS
Superhuman, a powerful email tool that helps users save “10 million hours every year,” just launched their AI features, including writing emails in your voice, summarizing long thread conversations, and even doing research in your email.
We’ve been playing around with it, and it’s safe to say it gets The Rundown stamp of approval. Use our ‘Rundown Exclusive’ link to get a free 1-month trial.
Ken Smythe, CEO of Next Round Capital Partners, predicts that 85% of AI startups will fail within three years due to competition from larger tech firms, despite the booming interest in AI technologies sparked by innovations like OpenAI's ChatGPT. After the news from Meta today, we might have to agree.
To enhance AI capabilities for its enterprise clients, consultancy juggernaut McKinsey partners with AI startup Cohere, tapping into the global AI surge ignited by language models like OpenAI's ChatGPT, aiming to refine customer engagement and automate workflows.
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