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Meta Releases Best Open-Source Model Yet 🍭

Drone spying at Olympics, gun emojis on Twitter, and more...

Today’s Menu 🥠

  • Meta Releases Best Open-Source Model Yet
  • X Converts Water Gun Emoji Back To Normal
  • Google Had Massive Success Thanks To AI
  • Everything Else You Need To Know

 

Fast Snacks 🥡

Tesla’s Profits Sank Sharply In Second Quarter
Tesla’s Q2 2024 earnings report reveals a 45% year-over-year drop in net income despite a 2% increase in revenue to $25.5 billion…

Apple’s First Foldable iPhone Could Arrive in 2026
Apple is reportedly developing a clamshell-style foldable iPhone, potentially launching in 2026, as the project has moved beyond the conceptual stage…

A Paradigm Shift In Unstructured Data
Simplify your AI projects with open-source DataChain for scalable unstructured data management…

 

Meta Releases Biggest & Best Open-Source AI Model Yet

Meta has launched Llama 3.1, the largest-ever open-source AI model, which outperforms rivals like GPT-4o and Claude 3.5 Sonnet on several benchmarks.

With 405 billion parameters, it was trained using over 16,000 Nvidia H100 GPUs, costing Meta hundreds of millions of dollars.

CEO Mark Zuckerberg predicts that Meta AI will surpass ChatGPT’s usage by year-end as Meta makes AI more accessible.

 

X Replaces Water Pistol Emoji With Regular Gun

X, aka Twitter, has replaced its water pistol emoji with a regular handgun.

This change was announced by an X employee and is now visible on the web version of the platform, with mobile updates expected soon.

The decision to revert to a handgun aligns with the platform’s recent shifts toward free speech under Elon Musk’s ownership.

 
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Google Had Massive Quarter Thanks To Search & AI

Google’s parent company, Alphabet, reported nearly $85 billion in revenue for the past few months, a 14 percent increase from the previous year.

Search alone generated $48.5 billion, while the cloud division reached $10 billion, with $1 billion in operating profit.

Despite some issues with AI Overviews in Search, user satisfaction reportedly increased.

 
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Everything Else You Need To Know

Alphabet to Invest $5 Billion in Waymo
Alphabet has committed up to $5 billion in a multi-year investment to expand Waymo’s robotaxi services, which currently operate in San Francisco, Los Angeles, and Phoenix.

Canada Reported For Spying On New Zealand
During a New Zealand women’s football team training session in St. Etienne, a drone operated by a member of Canada’s support staff was spotted and reported to the police, leading to the operator’s detention.

Elon Musk Announces Production Start For New Tesla Roadster
Elon Musk revealed that Tesla has nearly completed engineering on the next-gen Roadster and plans to start production next year, requiring a $50,000 deposit for preorders towards the $250,000 expected price.

Spotify CEO Confirms Upcoming Hi-Fi Audio ‘Deluxe’ Version
Spotify’s CEO Daniel Ek confirmed a new hi-fi audio “deluxe” version of the service is in the works, expected to cost around $17-$18 per month, offering better audio quality and more user control.

Adobe Introduces New Generative AI Features for Illustrator and Photoshop
Adobe has rolled out new generative AI tools for Illustrator and Photoshop, including Generative Shape Fill and Text to Pattern in Illustrator, and enhanced detail features for Generative Fill in Photoshop, all powered by Adobe’s Firefly AI models.

 
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Meta Releases Best Open-Source Model Yet