Artificial Intelligence News for the Week of April 26; Updates from Amazon, Microsoft, NVIDIA & More

Solutions Review Executive Editor Tim King curated this list of notable artificial intelligence news for the week of April 26, 2024.

Keeping tabs on all the most relevant artificial intelligence news can be a time-consuming task. As a result, our editorial team aims to provide a summary of the top headlines from the last week, in this space. Solutions Review editors will curate vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy artificial intelligence news items.

Artificial Intelligence News for the Week of April 26, 2024

Adobe Drops New Firefly AI Tools in Beta Version

The latest beta version of Photoshop includes the new Firefly Image 3 foundation model, which Adobe says will produce higher-quality images and backgrounds compared with the previous version. For starters, Adobe says the updated model is better at understanding prompts.

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Amazon Bedrock Update Headlined by New Custom Model Import Functionality

Amazon Bedrock customers have increasingly been putting their own data to work by customizing publicly available models for their domain-specific use cases. That’s because there is a compounding intelligence effect when customers combine the smarts from the different foundation models (FMs) and large language models (LLMs) available in Bedrock with their own data.

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Augment Copilot Rival Launches with $225 Million Funding

With investments from former Google CEO Eric Schmidt and VCs including Index Ventures, Sutter Hill Ventures, Lightspeed Venture Partners, Innovation Endeavors and Meritech Capital, Augment aims to shake up the still-nascent market for generative AI coding technologies.

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Cognition Labs Secures $175 Million Venture Funding

Cognition Labs was founded in November 2023 by Scott Wu, Walden Yan, and Steven Hao. By the start of this year, it was already valued at $350 million. This was after a $21 million Series A funding round that was led by Founders Fund.

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Intel Unveils Brain-Inspired Neuromorphic System for AI

With its 1152 Loihi 2 processors, Hala Point can support up to 20 quadrillion operations per second, allowing it to handle real-time AI applications and complex computational tasks. The key characteristic of Hala Point is its ability to use neuromorphic computing to reduce energy compensation for computational needs.

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Microsoft Announces Phi-3 Family of Open Models

Phi-3 models outperform models of the same size and next size up across a variety of benchmarks that evaluate language, coding and math capabilities, thanks to training innovations developed by Microsoft researchers.

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NVIDIA Acquires Run:ai; Hastens Microsoft Open Phi-3 Models

Run:ai enables enterprise customers to manage and optimize their compute infrastructure, whether on premises, in the cloud or in hybrid environments. Phi-3 Mini packs the capability of 10x larger models and is licensed for both research and broad commercial usage, advancing Phi-2 from its research-only roots.

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Perplexity AI Nabs Latest Funding Round

Perplexity AI now focusing on selling AI services to businesses and has launched an enterprise version of its chatbot, priced at $40 a month, with additional features such as enhanced security and data protection.

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Salesforce Einstein Copilot AI Assistant Now Generally Available

Einstein Copilot has new capabilities called Copilot Actions that let Copilot “agents” string actions together to complete tasks autonomously. For example, Copilot Actions can create close plans for sales reps and managers, analyze call transcripts and craft follow-up emails.

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Snowflake Unveils New Enterprise LLM Called Arctic

With its unique Mixture-of-Experts (MoE) architecture, Arctic delivers top-tier intelligence with unparalleled efficiency at scale. It is optimized for complex enterprise workloads, topping several industry benchmarks across SQL code generation, instruction following, and more.

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Expert Insights Section

Watch this space each week as our editors will share upcoming events, new thought leadership, and the best resources from Insight Jam, Solutions Review’s enterprise tech community where the human conversation around AI is happening. The goal? To help you gain a forward-thinking analysis and remain on-trend through expert advice, best practices, predictions, and vendor-neutral software evaluation tools.

Solutions Review Set to Host Databricks & ZoomInfo for Exclusive GenAI Roundtable May 29

With the next Expert Roundtable event, the team at Solutions Review has partnered with Databricks and ZoomInfo to cover why bad data is the problem, how Databricks and ZoomInfo help companies build a unified data foundation that fixes the bad data problem, and how this foundation can be leveraged to easily scale and use data + AI for GenAI.

Register free on LinkedIn

Insight Jam Panel of Experts Discusses AI and the Future of Data Protection

How can stakeholders balance the potential benefits and risks of AI technology? How can society embrace and harness the potential of AI while mitigating its potential harms? Our expert panel prognosticate on the potential impacts of AI on various industries and societal aspects. AI’s ability to process vast amounts of data rapidly will revolutionize data analysis and consumption.

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Insight Jam Panel of Experts Discusses Data Access and Security in the AI Era

How can organizations strike a balance between data access and privacy? Can technology be used to help find that balance? Our expert panel discusses data privacy, security, and transparency in the context of AI and machine learning models. They also discuss the role of technology in promoting responsible usage of AI models and data.

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For consideration in future artificial intelligence news roundups, send your announcements to the editor: tking@solutionsreview.com.