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Artificial Intelligence

Amazon CEO announces plans for improved language model to power Alexa

Amazon CEO Andy Jassy announced during the company’s first-quarter earnings call yesterday that the tech platform is working on building a more “generalized and capable” large language model (LLM) to power its virtual assistant Alexa. Jassy stated that the addition of an improved LLM will help Amazon work toward its goal of building “the world’s best personal assistant,” but acknowledged that it will be difficult to do so across many domains.

The current version of Alexa is powered by an LLM, and Jassy believes that Amazon has a good starting point with “a couple of hundred million endpoints” being used across entertainment, shopping, and smart homes. However, the new and improved LLM that Amazon is building will be “much larger and much more generalized and capable,” according to Jassy.

Jassy highlighted that Amazon has invested in AI and LLMs for years, and the company has the ability to invest heavily in building LLMs. In contrast, small companies often do not have the resources to do so, which is why Amazon launched Bedrock earlier this month. Bedrock provides a way to build generative AI-powered apps via pretrained models from startups including AI21 Labs, Anthropic, and Stability AI.

Since its launch last year, ChatGPT has dominated the internet and become increasingly popular. With all the hype surrounding ChatGPT, major tech companies like Amazon, Apple, Google, Microsoft, and Meta are looking to incorporate LLM-based improvements to their own offerings to keep up with the fast-paced AI space.

In addition to Amazon, other tech giants including Alphabet, Microsoft, and Meta emphasized their investments in large language models during their respective earnings calls with investors. Alphabet CEO Sundar Pichai said that Google would continue to incorporate AI to advance search, while Microsoft CEO Satya Nadella said the company would continue to invest in AI, noting that Microsoft has already seen an increase in usage for Bing after the search engine was updated with a ChatGPT integration.

Meanwhile, Meta CEO Mark Zuckerberg said the company will be investing in AI and will introduce new AI-related updates across its apps.

Amazon reported first-quarter earnings that beat expectations, with revenue increasing 9.4% to $127.4 billion, and operating income coming in at $4.8 billion. However, executives raised concerns of ongoing weakness in cloud growth, causing shares to initially surge but later reverse course.

As AI and LLMs become more advanced, it’s clear that major tech companies are investing heavily in these technologies to improve their virtual assistants and other AI-powered offerings. With the introduction of a more capable LLM to power Alexa, Amazon is taking steps toward achieving its goal of building the world’s best personal assistant.

by Team SNFYI

Facebook is testing a new feature that invites some users—mainly in the US and Canada—to let Meta AI access parts of their phone’s camera roll. This opt-in “cloud processing” option uploads recent photos and videos to Meta’s servers so the AI can offer personalized suggestions, such as creating collages, highlight reels, or themed memories like birthdays and graduations. It can also generate AI-based edits or restyles of those images. Meta says this is optional and assures users that the uploaded media won’t be used for advertising. However, to enable this, people must agree to let Meta analyze faces, objects, and metadata like time and location. Currently, the company claims these photos won’t be used to train its AI models—but they haven’t completely ruled that out for the future. Typically, only the last 30 days of photos get uploaded, though special or older images might stay on Meta’s servers longer for specific features. Users have the option to disable the feature anytime, which prompts Meta to delete the stored media after 30 days. Privacy experts are concerned that this expands Meta’s reach into private, unpublished images and could eventually feed future AI training. Unlike Google Photos, which explicitly states that user photos won’t train its AI, Meta hasn’t made that commitment yet. For now, this is still a test run for a limited group of people, but it highlights the tension between AI-powered personalization and the need to protect personal data.

by Team SNFYI

News Update Bymridul     |    March 14, 2024 Meesho, an online shopping platform based in Bengaluru, has announced its largest Employee Stock Ownership Plan (ESOP) buyback pool to date, totaling Rs 200 crore. This buyback initiative extends to both current and former employees, providing wealth creation opportunities for approximately 1,700 individuals. Ashish Kumar Singh, Meesho’s Chief Human Resources Officer, emphasized the company’s commitment to rewarding its teams, stating, “At Meesho, our employees are the driving force behind our success.” Singh further highlighted the company’s dedication to providing opportunities for wealth creation despite prevailing macroeconomic conditions. This marks the fourth wealth generation opportunity at Meesho, with the size of the buyback program increasing each year. In previous years, Meesho conducted buybacks worth over Rs 8.2 crore in February 2020, Rs 41.4 crore in November 2020, and Rs 45.5 crore in October 2021. Meesho’s profitability journey began in July 2023, making it the first horizontal Indian e-commerce company to achieve profitability. Despite turning profitable, Meesho continues to maintain positive cash flow and focuses on enhancing efficiencies across various cost items. The company’s revenue from operations for FY 2022-23 witnessed a remarkable growth of 77% over the previous year, amounting to Rs 5,735 crore. This growth can be attributed to Meesho’s leadership position as the most downloaded shopping app in India in both 2022 and 2023, increased transaction frequency among existing customers, and a diversified category mix. Additionally, Meesho’s focus on improving monetization through value-added seller services contributed to its revenue growth. Meesho also disclosed its audited performance for the first half of FY 2023-24, reporting consolidated revenues from operations of Rs 3,521 crore, marking a 37% year-over-year increase. The company achieved profitability in Q2 FY24, with a significant reduction in losses compared to the previous year. Furthermore, Meesho recorded impressive app download numbers, reaching 145 million downloads in India in 2023 and surpassing 500 million downloads in H1 FY 2023-24. Follow Startup Story Source link

by Team SNFYI

You might’ve heard of Grok, X’s answer to OpenAI’s ChatGPT. It’s a chatbot, and, in that sense, behaves as as you’d expect — answering questions about current events, pop culture and so on. But unlike other chatbots, Grok has “a bit of wit,” as X owner Elon Musk puts it, and “a rebellious streak.” Long story short, Grok is willing to speak to topics that are usually off limits to other chatbots, like polarizing political theories and conspiracies. And it’ll use less-than-polite language while doing so — for example, responding to the question “When is it appropriate to listen to Christmas music?” with “Whenever the hell you want.” But Grok’s ostensible biggest selling point is its ability to access real-time X data — an ability no other chatbots have, thanks to X’s decision to gatekeep that data. Ask it “What’s happening in AI today?” and Grok will piece together a response from very recent headlines, while ChatGPT, by contrast, will provide only vague answers that reflect the limits of its training data (and filters on its web access). Earlier this week, Musk pledged that he would open source Grok, without revealing precisely what that meant. So, you’re probably wondering: How does Grok work? What can it do? And how can I access it? You’ve come to the right place. We’ve put together this handy guide to help explain all things Grok. We’ll keep it up to date as Grok changes and evolves. How does Grok work? Grok is the invention of xAI, Elon Musk’s AI startup — a startup reportedly in the process of raising billions in venture capital. (Developing AI’s expensive.) Underpinning Grok is a generative AI model called Grok-1, developed over the course of months on a cluster of “tens of thousands” of GPUs (according to an xAI blog post). To train it, xAI sourced data both from the web (dated up to Q3 2023) and feedback from human assistants that xAI refers to as “AI tutors.” On popular benchmarks, Grok-1 is about as capable as Meta’s open source Llama 2 chatbot model and surpasses OpenAI’s GPT-3.5, xAI claims. Image Credits: xAI Human-guided feedback, or reinforcement learning from human feedback (RLHF), is the way most AI-powered chatbots are fine-tuned these days. RLHF involves training a generative model, then gathering additional information to train a “reward” model and fine-tuning the generative model with the reward model via reinforcement learning. RLHF is quite good at “teaching” models to follow instructions — but not perfect. Like other models, Grok is prone to hallucinating, sometimes offering misinformation and false timelines when asked about news. And these can be severe — like wrongly claiming that the Israel–Palestine conflict reached a ceasefire when it hadn’t. For questions that stretch beyond its knowledge base, Grok leverages “real-time access” to info on X (and from Tesla, according to Bloomberg). And, similar to ChatGPT, the model has internet browsing capabilities, enabling it to search the web for up-to-date information about topics. Musk has promised improvements with the …