Mistral secures €600mn funding 💶

The AI-ronman 🚀

Greetings, digital dreamers! 💫 Buckle up for a ride through the AI universe, where even your toaster might start giving you life advice. 🤔

Quick Takes ⚡
  1. Mistral secures €600mn funding as valuation soars to almost €6bn

  2. Apple’s WWDC24

  3. Musk threatens Apple ban over OpenAI partnership

  4. Artificial Generational Intelligence: AI agents learn from each other across generations

  5. OpenAI appoints new CFO and CPO

Deep Dive 🔍
  • Mistral secures €600mn funding as valuation soars to almost €6bn 💶 

    Mistral AI secured €640 million at a €5.8 billion valuation in a Series B funding round led by General Catalyst. Aiming to compete with AI giants like OpenAI’s GPT-4, they offer open-source pre-trained models. Their product lineup includes Mistral Large for commercial use and a free assistant, Le Chat. Key investors include Lightspeed, Nvidia, and Salesforce, contributing to €468 million in equity and €132 million in debt. CEO Arthur Mensch focuses on pushing AI technology frontiers.

  • Apple’s WWDC24

    At WWDC, Apple launched its 'Apple Intelligence' initiative, revealing a partnership with OpenAI and AI enhancements across iOS 18, iPadOS, and macOS 15.

    Siri
    Siri's next-gen upgrade enables more natural conversations, context memory across requests, and complex task handling through better voice and text understanding. It also gains 'onscreen awareness' to tailor actions based on on-device information. And, Siri can also handle stumbles in speech and better understand context. Plus, for those who would rather type, you can do that now.


    Apple Intelligence
    Apple Intelligence offers safety, personalization, and privacy with deep user insights. Developers can integrate this AI using updated SDKs, emphasizing on-device processing and Private Cloud Compute for privacy. New AI features are opt-in.


    Writing Assistance

    The writing assistant window appears in all your apps, offering proofreading and rewriting with presets like friendly, professional, and concise. It can convert content into summaries, key points, tables, or lists, and accepts custom instructions. It also summarizes emails, calls, and voice notes, and suggests auto-replies. While these features are promising, I'm skeptical due to past experiences with Google's AI, which underperformed. My hopes are pinned on the Apple Server model for better results.



    Image generation
    Image generation is now available on Apple devices, featuring three styles: animation, illustration, and sketch. The new Image Playground UI is impressive, though the outputs and restrictions feel underwhelming, possibly due to high expectations set by Midjourney. You can add elements, choose a style, and the on-device models create your image. This feature extends to messages, notes, and custom emojis called GenMoji.


  • Musk threatens Apple ban over OpenAI partnership ⚠️ 

    Elon Musk has threatened to ban Apple devices from his companies due to Apple’s new partnership with OpenAI, which he claims compromises security with ChatGPT integration. Musk called it "creepy spyware" and suggested Apple devices be stored in Faraday cages at his company sites. He hinted at creating a 'Grok phone' if Apple proceeds. Musk's criticism stems from his contentious history with OpenAI, a company he co-founded and later sued.



  • Artificial Generational Intelligence: AI agents learn from each other across generations 📚

    Researchers at Oxford University and Google DeepMind have developed AI models that enable the accumulation of knowledge across generations. Using "in-context" and "in-weights" reinforcement learning models, AI agents learn from each other and adapt to new environments, resulting in superior performance. These models could lead to continuous AI self-improvement, but they also pose potential risks.

  • OpenAI appoints new CFO and CPO 👥

    OpenAI welcomes former Nextdoor CEO Sarah Friar as CFO and appoints Kevin Weil as CPO.

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That's all for today, tech tribe! 🌐👋 Keep your innovation engines running and your data streams flowing. Until next time, may your bots be ever in your favor! 🤖

Ciao for now!

Author: Poonam 👧 

Karan 😎 🚀