📈 Nvidia becomes the most valuable company in the world

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Nvidia becomes the most valuable company in the world

On Tuesday, Nvidia’s stock rose by 3.5% to $135.58 per share. The company’s total stock is valued around $3.3 trillion, making it the most valuable company in the world overtaking Apple and Microsoft. There is a surge in demand for AI chips for developing new AI devices and data centres. The rise in stock indicates the optimism investors have on AI and current Nvidia’s market position.

Google launches Gemini mobile app in India

Google has announced the launch of Gemini app in India. The app will be available in nine Indian languages including: Hindi, Bengali, Gujarati, Kannada, Malayalam, Marathi, Tamil, Telugu, and Urdu. The app will use Gemini Advanced, to answer user’s queries in text, voice and images. With the new launch, Google has also released new capabilities to Gemini Advanced like document upload, text summarisation and data analysis.

Social Network startup Butterflies AI combines humans and AI

Former snapchat engineer Vu Tran wanted to go beyond current mainstream AI products with search and chat functionality by adding more personality to AI. Vu Tran has launched Butterflies AI, a social media platform which combines AI personas with humans. Users can create AI personas (called butterfly) and give them their own backstories, opinions and emotions. When users login to the app, they will be able to see the content generated by both humans and AI. The AI personas will also be able to like and comment on other post’s. The concept of AI personalities is also explored by a16z backed startup character.ai.

Software automation startup raises $15 million from Sequoia

Software automation startup called San Francisco AI Factory Inc has recently raised $15 million from Sequoia, Lux Capital and the chief executive officers of Hugging Face and Databricks. The startup creates AI systems called droids which to help businesses by streamline coding tasks such as code reviews and resolve bugs.

Snapchat is working on on-device image-diffusion models for AI

During the Augmented World Expo, Snapchat showcased an early version of their real-time, on-device image diffusion model that can generate vivid AR experiences. The images generated can be guided by text prompt. The AI models are small enough to run on a smartphone and fast enough to re-render frames in real time. Snapchat is planning to release these models at the end of the year.

Apple Developer Academy adds curriculum on AI

Apple has announced they are adding AI curriculum to Apple Developer Academy for all students and alumni. The curriculum will help students learn how to build, train, and deploy machine learning models across Apple devices. Courses will include the fundamentals of AI technologies and frameworks; Core ML and its ability to deliver fast performance on Apple devices; and guidance on how to build and train AI models from the ground up.

Mistral AI raised $640 Million

Mistral AI has recently raised $640 Million at $6 Billion valuation. The company previously raised $140 Million at $500 Million valuation last year. Since last year, Mistral has launched multiple foundational models under both open source and proprietary license. Mistral AI’s most advanced models, like Mistral Large, are proprietary and designed to be sold as API-first products. Their generative AI model for code, Codestral, has a restrictive license that prohibits its outputs from being used for commercial purposes.

Microsoft disables Recall feature for cybersecurity

Microsoft’s recently announced Recall feature will be shipped in “off“ state after cybersecurity researchers highlighted that Microsoft’s Recall feature can be hacked to extract sensitive information. Recall allows users to find relevant information they have previously come across on the PC. It works by taking screenshots of the screen and analysing them through AI. The screenshots taken by Recall are saved locally on device.