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News on Medial
Anthropic’s Haiku 3.5 surprises experts with an “intelligence” price increase
Arstechnica
·
9m ago
Medial
Anthropic has released the latest version of its smallest AI model, Claude 3.5 Haiku, at four times the price of its predecessor. The company claims that the price increase reflects the model's increased intelligence as it surpassed the benchmarks of its previous flagship model. However, this move has been met with pushback from the AI community, questioning why the budget model is now less competitive. The new Haiku model costs $1 per million input tokens and $5 per million output tokens, compared to the previous version's cost of 25 cents and $1.25, respectively. The absence of the expected Claude 3.5 Opus model has also been noted.
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Related News
Ring doorbell subscription doubles in two years; customers angry
Startup News FYI
·
1y ago
Medial
Amazon has announced that the price of the cheapest Ring doorbell subscription is being increased again, amounting to a doubling in cost since 2022. The latest increase takes effect next month and represents a 25% increase on the current cost of the Ring Protect Basic subscription. Customers are reacting angrily to the news, with many canceling their subscriptions and boycotting the company. Industry experts are also questioning the price rise, stating that Ring must justify the steep increase and explain how its services are improving. This price hike could potentially damage Amazon's reputation.
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Everybody’s talking about Mistral, an upstart French challenger to OpenAI
Arstechnica
·
1y ago
Medial
Paris-based company Mistral AI has developed an AI language model called Mixtral 8x7B, which is believed to rival OpenAI's GPT-3.5 in performance. The model operates as a "mixture of experts" (MoE) and can run locally on devices with open weights, providing more freedom compared to closed AI models. With the ability to handle multiple languages, Mixtral 8x7B can assist with various tasks such as data analysis, software troubleshooting, and programming. Its performance and scalability have surprised many, with experts speculating on the future potential of such models.
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Anthropic’s latest, best AI model is twice as fast—and still terrible at dad jokes
Arstechnica
·
1y ago
Medial
Anthropic has released its latest AI language model, Claude 3.5 Sonnet, which builds upon its previous model, Claude 3. The new model can generate text, analyze data, and write code. It boasts a 200,000 token context window and outperforms competitor models like GPT-4o and Gemini 1.5 Pro on certain benchmarks. Anthropic has also introduced a new feature called "Artifacts" that allows users to interact with Claude-generated content. The model is faster and cheaper than its predecessor, with plans for further releases in the future. However, the naming conventions used in the AI industry can be confusing.
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OpenAI partners with Scale AI to allow companies to fine-tune GPT-3.5
TechCrunch
·
2y ago
Medial
OpenAI is collaborating with Scale AI to facilitate the fine-tuning of its AI models, including GPT-3.5, for specific tasks. Fine-tuning helps customize models to perform particular functions, such as matching a brand's tone or answering questions in a specific language. Scale AI's tools will be integrated with OpenAI's GPT-3.5 fine-tuning APIs, enabling users to enhance their data and further customize the model. Fine-tuned models will be reviewed by human experts to ensure performance and safety standards. This collaboration aims to offer customers more comprehensive solutions for customizing AI models, benefiting from Scale AI's expertise alongside OpenAI's capabilities.
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Everybody’s talking about Mistral, an upstart French challenger to OpenAI
Arstechnica
·
1y ago
Medial
Paris-based Mistral AI has developed Mixtral 8x7B, an AI language model that reportedly matches the performance of OpenAI's GPT-3.5. The "mixture of experts" (MoE) model can process a 32K token context window and supports multiple languages. It is claimed to outperform Meta's LLaMA 2 70B model and can assist with various tasks such as composing, data analysis, software troubleshooting, and programming. Mistral's open weights approach allows for local running with fewer restrictions compared to closed AI models. The availability of such advanced models offers potential for further advancements and innovation.
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Lyft is using Anthropic’s Claude AI for customer service
The Verge
·
6m ago
Medial
Lyft has partnered with Anthropic to utilize the Claude AI virtual assistant for customer service, leading to a reported 87% decrease in resolution time for service requests. While this AI integration assists with routine inquiries, it raises concerns about an impersonal approach towards drivers, who already feel a lack of human connection. Claude AI will handle common queries, and direct more complex issues to human representatives. Lyft is also employing generative AI to enhance engineering productivity.
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Unicommerce IPO: Promoter AceVector To Make 4.6X Returns, SoftBank To Mint 3.5X Gains
Inc42
·
1y ago
Medial
AceVector, formerly known as Snapdeal, plans to sell 9.44 million shares of Unicommerce through the Offer For Sale (OFS) component of the Initial Public Offering (IPO). Unicommerce's IPO consists of only an OFS of 25.6 million shares, with a price range of INR 102 to INR 108 per share. SoftBank, another seller in FirstCry's IPO, is expected to make a return of 3.5 times by selling a portion of its stake in Unicommerce.
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Next-gen iPads on the way? Apple likely to bring iPad 11th Gen and iPad Mini 7
Livemint
·
12m ago
Medial
Apple is expected to release two new iPad models this fall - the 11th generation entry-level iPad and the 7th generation iPad mini. The entry-level iPad is rumored to focus on reducing production costs, potentially leading to a price drop for consumers. The iPad mini is expected to feature a flat-edged design, support for Apple Pencil Pro, and an A18 chipset for improved performance and Apple Intelligence integration. Rumors also suggest that Apple may address the "jelly scrolling" display defect and increase the base storage to 128GB. The starting price is expected to remain at $499.
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Hunt for 'next Nvidia' draws options traders to Arm's soaring stock
Economic Times
·
1y ago
Medial
The soaring stock price of Arm Holdings, driven by strong demand for its technology in designing chips for artificial intelligence features, has attracted options traders looking for the "next Nvidia." Volume in Arm options has surged, with investors positioning for further gains after the stock nearly doubled in price within a week. Arm's rise has been compared to Nvidia, which has seen a 220% increase over the past year. Call options on Arm shares rising above $185 by Friday were the most actively traded, suggesting bullish sentiment.
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Housing.com launches AI-powered price trend engine to enhance home search experience
Startup News FYI
·
1y ago
Medial
Indian real estate platform, Housing.com, has revealed an AI-driven Price Trend Engine that uses Machine Learning and Artificial Intelligence to provide users with pricing data and insights for informed property decisions. The feature, initially available in Mumbai, Gurugram, Bengaluru, and Hyderabad, offers current market prices and analyses price movements over the past 2-3 years. This tool aims to aid users in understanding price dynamics, making comparisons, and predicting price appreciation, ultimately enhancing the home search experience.
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