The AI-ronman 🚀

Ever wonder if your AI dreams of electric sheep? Neither do we, but let’s dive into the latest buzz from the silicon hive!"🐝💻

Quick Takes ⚡

1. SoftBank's AI chip plans are stalled by Intel issues

2. Walmart's AI boost: 100x productivity gains

3. Runway's Gen-3 Alpha Turbo: 7X faster AI video generation

4. Meet Hermes 3, the powerful new open source AI model

5. Google AI Overviews expand to 6 new countries

Deep Dive 🔍

• SoftBank's AI chip plans are stalled by Intel issues 🛑
  
  

  SoftBank's ambitious Project Izanagi, aimed at developing AI processors to compete with Nvidia, is encountering significant setbacks due to Intel's failure to meet volume and speed requirements. 🚧 Lacking in-house chip design expertise, SoftBank had relied on Intel for development but is now considering a partnership with TSMC, the world's largest chipmaker. However, TSMC is also facing its own production challenges, complicating negotiations. Despite these obstacles, SoftBank CEO Masayoshi Son remains committed to the project and is seeking investments from Saudi Arabia, the UAE, and major tech companies.

• Walmart's AI boost: 100x productivity gains 📈
  
  Walmart CEO Doug McMillon has revealed that the company is leveraging generative AI to boost productivity by 100 times, updating 850 million product catalog entries at a remarkable pace. 📈 During the Q2 earnings call, McMillon also announced AI-powered enhancements to customer search and seller support on Walmart's platforms. Customers can now benefit from AI-driven search and a new shopping assistant that provides personalized recommendations, while Walmart is testing an AI-based experience for its U.S. marketplace sellers. The retail giant plans to continue exploring AI applications across all aspects of its business operations. 🚀

• Runway's Gen-3 Alpha Turbo: 7X faster AI video generation 🎥
  
  Runway ML has released Gen-3 Alpha Turbo, a groundbreaking update that accelerates AI video generation by an astonishing sevenfold while reducing costs by 50%. 🚀 With streamlined pricing and free trials, Runway ML is making this powerful technology accessible to a wider audience. This aggressive move positions the company as a frontrunner in the AI video generation space, challenging competitors like Pika Labs and OpenAI's Sora. Future developments will focus on enhancing user control and real-time interactivity, further solidifying Runway ML's position as a leader in the field. 🎥
  
  

  

• Meet Hermes 3, the powerful new open source AI model 🌟
  
  Nous Research has launched Hermes 3, a new family of controllable Instruct models based on Meta's Llama 3.1, available in sizes of 8, 70, and 405 billion parameters. 🤖 These models are designed to precisely follow instructions and adapt to specified worldviews, achieving top scores in benchmarks like ARC and BoolQ. Hermes 3 excels in reasoning, structured output, and generating diagrams, having undergone two phases of fine-tuning. Available on Hugging Face, these models promise high controllability without the issue of "latent thoughtcrime." 🚀

• Google AI Overviews expand to 6 new countries 🌍
  
  Google has expanded its AI-powered search summaries, known as AI Overviews, to India, Brazil, Japan, the U.K., Indonesia, and Mexico, offering local language support. 🌍 The new features include icons of cited sites above the AI overview, allowing users to easily access relevant links, and the inclusion of links within the text itself. Google aims to drive more traffic to external sites with AI Overviews, leading to higher quality clicks. 🔍

As we close this digital chapter, remember: your AI might outsmart you someday, but today, you’re still the one in control… right?🤔🔌

Ciao for now!

Author: Poonam 👧 

Karan 😎 🚀 
CEO, GlazeGPT.com