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Meta's Free AI Model, Unity's Apple Vision Pro Beta, Hollywood's AI Moment and More

PLUS: The Big tech AI War is Heating Up

In Today’s Edition:

Meta releases Llama 2, an AI model available for free to all users. Unity launches PolySpatial beta for Apple Vision Pro. Showrunner AI creates generative TV episodes. Microsoft 365 Copilot brings AI-powered documents at $30 per user. Google's Bard threatens ChatGPT, and Crypto.com adds Reddit's Moons token.

Stay informed with today's top metaverse tech stories and gain access to over 15 quick bytes, research papers, tools, guides, and resources to help you navigate the metaverse.

👇 Must-reads

  1. Meta's Latest AI Model is Free for All: Meta's new AI model, Llama 2, is available for free to all users. The model, which is designed to generate more accurate and helpful text, is expected to be used in a wide range of applications, including drafting emails and writing code. (MIT Technology Review)

  2. Unity’s Apple Vision Pro Game Development Tool Opens in Beta: Unity has launched the beta version of its development platform for visionOS, PolySpatial. The platform is designed to simplify the development process for Apple's spatial computing platform, allowing developers to create and port 3D experiences. Despite the Vision Pro's positioning as a productivity device, gaming experiences are expected to play a significant role in its success. (TechCrunch)

  3. New Showrunner AI: The Sum Of All Hollywood's Fears: The Simulation has introduced Showrunner, an AI application that can create 22-minute generative AI TV fan and parody episodes of popular shows. Despite the potential threat to Hollywood, the technology could empower writers by enabling them to upload scripts, storyboards, and actors, and pitch their movies as animated mock-ups created by AI. (Forbes)

  4. Microsoft Puts a Steep Price on Copilot, Its AI-Powered Future of Office Documents: Microsoft has announced that its AI-powered service, Microsoft 365 Copilot, will be available for $30 per user per month for certain Microsoft 365 customers. The service aims to revolutionize Office documents by providing instant document summaries, email generation, and accelerated Excel analysis. (The Verge)

  5. Google Bard Extensions Preview Should Make ChatGPT Scared: Google's Bard, a competitor to ChatGPT, is set to be integrated into various Google tools, potentially enhancing the functionality of apps like Maps, YouTube, and Gmail. The integration could also extend to third-party services like Adobe, Instacart, and Zillow. (Tom's Guide)

  6. Crypto.com Adds Reddit's Moons Token as Kraken Listing Rumor Fades: Crypto.com has added Reddit's native cryptocurrency, Moons, to its platform. The move comes as rumors about a potential listing on Kraken, another major cryptocurrency exchange, appear to be fading. (Decrypt)

  7. Judges, Lawsuits Dictate AI Rules: The role of judges and lawsuits in shaping the rules and regulations around AI is becoming increasingly important. As AI becomes more prevalent, the legal system is playing a crucial role in determining how AI is used and controlled. (MIT Technology Review)

  8. I Asked ChatGPT to Be My Life Coach: A Fast Company writer shares their experience of using ChatGPT as a life coach. The AI model provided surprisingly insightful advice and demonstrated its potential as a tool for personal development. (Fast Company)

  9. Making a Move on Ethereum: Forbes discusses the growing interest in Ethereum, the second-largest cryptocurrency by market cap. The article explores the potential of Ethereum, its applications, and why it's attracting attention from investors. (Forbes)

  10. ICP Internet Computer Grants for Decentralized AI: Dfinity, the organization behind the Internet Computer Protocol (ICP), has announced grants for projects focused on decentralized AI. The move is part of Dfinity's efforts to promote the development of decentralized applications on its platform. (Decrypt)

  11. EU AI Act and Democratic Control of Artificial Intelligence: The EU's proposed AI Act aims to establish democratic control over AI and its applications. The legislation seeks to ensure that AI is used responsibly and ethically, with a focus on transparency and accountability. (Fortune)

  12. 13 Most Promising Robotics Stocks: Yahoo Finance lists 13 promising stocks in the robotics sector. The article provides an overview of each company and discusses why they are considered good investment opportunities. (Yahoo Finance)

  13. RFK Jr Announces Plan to Back Dollar with Bitcoin: Robert F. Kennedy Jr. has announced a plan to back the US dollar with Bitcoin. The proposal also includes ending taxes on Bitcoin, a move that could have significant implications for the cryptocurrency market. (The Street)

  14. Bionic Breakthrough: Revolutionary Self-Sensing Electric Artificial Muscles: Scientists have made a breakthrough in the development of self-sensing electric artificial muscles. These muscles could have significant applications in the field of robotics and prosthetics. (SciTechDaily)

  15. EU's Web3, Metaverse, AI, and Crypto Strategy: The EU is developing a comprehensive strategy to address the challenges and opportunities presented by Web3, the metaverse, AI, and cryptocurrencies. The strategy aims to ensure that the EU remains at the forefront of these technological advancements. (Cointelegraph)

  16. Artificial Intelligence Unlocks New Possibilities in Anti-Aging Medicine: Researchers have used AI to discover new senolytic compounds that can suppress age-related processes like cancer and inflammation. The AI-led analysis of over 800,000 compounds identified three potential drugs with superior medicinal chemistry properties to existing senolytics. (SciTechDaily)

🦄 Startups & Venture Capital

  1. CoinFund Invests $152 Million in Early-Stage Crypto Startups: CoinFund, a blockchain-focused investment firm, has invested $152 million in early-stage cryptocurrency startups. The move highlights the growing interest in the crypto space from institutional investors. (Decrypt)

  2. Resemble AI Raises $8M in Series A Funding: Resemble AI, a company specializing in synthetic voice technology, has raised $8 million in a Series A funding round. The funds will be used to expand the company's product offerings and grow its team. (FinSMEs)

  3. Venture's Q2 was Calm (and That's Not Good): The second quarter of 2023 was relatively calm in the venture capital landscape, which may not be a positive sign. The slow pace of exits could impact venture capital fundraising, and the 'new normal' of American venture performance could be a cause for concern. However, there are potential green shoots, including developments in seed deals and later-stage transactions. (TechCrunch)

  4. Generative AI Startups have No Moat, No Money: Despite the hype around generative AI, startup funding in this area remains bleak, especially for newcomers without a unique selling proposition. The lack of proprietary data and differentiation, coupled with the shadow of giants like ChatGPT, has resulted in a significant decline in funding. However, startups that focus on building quality datasets, improving UI/UX, understanding their customers, and aligning with the right investors can still find success. (Analytics India Magazine)

✨ Quick Bytes

Academic Research Papers

  1. Measuring Faithfulness in Chain-of-Thought Reasoning: Large language models (LLMs) benefit from producing step-by-step "Chain-of-Thought" (CoT) reasoning before answering questions. However, it is unclear if the stated reasoning is a faithful representation of the model's actual reasoning process. This study investigates potential reasons for unfaithful CoT reasoning by intervening on the CoT and observing changes in model predictions. Findings reveal that models vary in their reliance on CoT, sometimes heavily relying on it and other times ignoring it. The performance boost from CoT does not solely come from added compute or specific phrasing. Additionally, larger and more capable models tend to exhibit less faithful reasoning. The study suggests that faithful CoT can be achieved with careful consideration of model size and task.

  2. Llama 2: Open Foundation and Fine-Tuned Chat Models: The researchers have introduced Llama 2, a collection of pretrained and fine-tuned large language models (LLMs) that range in size from 7 billion to 70 billion parameters. They specifically focused on developing Llama 2-Chat, which is optimized for dialogue applications. Llama 2-Chat models surpass open-source chat models in various benchmarks and, based on human evaluations for helpfulness and safety, they may serve as a viable alternative to closed-source models. The researchers provide comprehensive details about their fine-tuning and safety enhancement methods to encourage collaboration and responsible advancement of LLM technology.

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