🥣 Finally... Google Unveils Gemini

PLUS: xAI to Raise $1B

Read time: 3.0 minutes

Hey AI enthusiasts! Mr. Byte here, ready to launch into another electrifying edition of The AI Crunch. Think of it as unearthing hidden gems in the vast world of technology. We've got some incredible AI updates to share, so let's dive right into the heart of today's most thrilling tech revelations. Ready for the ride? Let's go!

Top Stories

Google Unveils Gemini

Move over ChatGPT, Google's Gemini AI is here to steal the spotlight! Launched after its grand reveal at Google I/O 2023, Gemini is Google's latest flex in the AI gym. It's not just big; it's massive, juggling text, images, audio, video, and code. Talk about an overachiever!

Gemini comes in three flavors: Ultra, Pro, and Nano. Ultra is the heavyweight champion for complex tasks, Pro is the versatile middleweight, and Nano is the lightweight champ, perfect for on-device tasks. From data centers to your pocket, Gemini's got it covered.

Google's big bosses, Sundar Pichai and Demis Hassabis, are pretty proud of their AI baby. They've designed Gemini to be a jack-of-all-trades from the get-go, outperforming other AI models in understanding diverse inputs. In the AI Olympics, Gemini Ultra has outshone GPT-4 in most academic benchmarks and even beat human experts in language understanding.

You can already see Gemini in action in Bard, Google's conversational AI, and soon in the Pixel 8 Pro. And for the tech-savvy, Gemini Pro will be available for play on December 13 via Google AI Studio or Google Cloud Vertex AI. Android developers, get ready to tinker with Gemini Nano. Google's AI game just got a whole lot stronger!

Musk’s xAI to Raise Up to $1B

Elon Musk, the guy who basically wants to own every cool tech thing, is at it again with his AI startup xAI. They're looking to pocket a cool $1 billion through an equity offering, and they're already $134.7 million deep into that goal. In the world of AI startups, where money seems to grow on digital trees (thanks, ChatGPT hype), xAI is joining the fundraising party.

Musk, always the chatterbox about his big plans, wants xAI to be the curious kid in the AI playground, focusing on "maximal curiosity" rather than hardcoded morality. He's throwing shade at Big Tech's AI for being too censor-happy and is positioning xAI as a "maximum truth-seeking AI" to give Google's Bard and Microsoft's Bing AI a run for their money.

Remember OpenAI, the brains behind ChatGPT? Musk was one of the founding fathers but left the board in 2018. Now, xAI's latest toy is "Grok," a chatbot meant to rival ChatGPT. Musk's master plan? To integrate xAI into his social media platform X and also offer it as a standalone app. The brains behind xAI? A who's who from Google's DeepMind, Microsoft, and other top AI research joints. So, get ready for another chapter in Musk's quest to tech-dominate the world


Quick bites to start your morning:

  • IBM and Meta launched the AI Alliance (M)

  • DeepMind’s new AI can learn directly from humans (AB)

  • LinkedIn’s content moderation efforts are driven by ML (LE)

  • Bing introduces new “Deep Search” Feature (TC)

  • UK to block underage adult film watching using AI (R)

  • Runway and gettyimages team up on AI video (RB)

  • AstraZeneca to build cancer drug with AI (R)

AI Funding

Mistral: Reportedly in final stages of raising $487M (BBG)

Gecko Robotics: AI-powered infrastructure robotics company raised $100M (BW)

Mine: An AI data privacy management platform raised $30M (TC)

EnCharge: An AI-accelerating chip startup raised $23M (TC)

Asato AI: Startup providing an AI-powered enterprise copilot platform raised $8M (FN)

AssemblyAI: Startup building and serving AI speech models raised $50M (TC)

Rohirrim: Enterprise generative AI startup raised $15M (BW)

Chai: Chat AI platform raised $450M (FN)

AI Tools

Newest AI tools (AI Tool Leaderboards):

  • Beeyondai AI: Your all-In-one AI digital assistant

  • Papermark: Open source docsend alternative

  • Alter AI: Generate professional headshots from selfies

  • Vibrato: Voice AI phone calls

  • Video Summary AI: Educational summaries of long YouTube videos in your language

  • Caption: Generate social media posts with ease

If you have anything interesting to share, please reach out to us by sending us a DM on Twitter: @theaicrunch

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