In partnership with

Oh.. You definitely want to hear today’s newsletter. Biggest news as of this year!

Meta has unleashed Llama 3.1 405B, an open-source AI titan, while Elon Musk's xAI announces the world's most powerful AI cluster, sparking a revolutionary wave in artificial intelligence..

More on this in this week’s issue.

Here are the top 4 happenings in the AI and tech space:

• Meta Unleashes Llama 3.1 405B: The Open-Source AI Titan

• Senators Press OpenAI on AI Safety Amid Scrutiny Over GPT-4 Omni

• Elon Musk and xAI Announce the World's Most Powerful AI Cluster

• Adobe Supercharges Illustrator and Photoshop with AI-Powered Firefly

Meta Unleashes Llama 3.1 405B: The Open-Source AI Titan

Meta just shook the AI landscape with the release of Llama 3.1 405B, the first-ever open-source model to outshine even closed giants like GPT-4o. This behemoth of a model sets a new benchmark in general knowledge, steerability, math, tool use, and multilingual translation.

Llama 3.1 405B promises to turbocharge innovation, offering unprecedented avenues for growth and exploration. This release is set to ignite a flurry of new applications and modeling paradigms, including synthetic data generation and model distillation at a scale never before seen in open source.

Learn AI in 5 Minutes a Day

AI Tool Report is one of the fastest-growing and most respected newsletters in the world, with over 550,000 readers from companies like OpenAI, Nvidia, Meta, Microsoft, and more.

Our research team spends hundreds of hours a week summarizing the latest news, and finding you the best opportunities to save time and earn more using AI.

Sign up with 1-Click

Senators Press OpenAI on AI Safety Amid Scrutiny Over GPT-4 Omni

Five U.S. Senators have just sent a letter to OpenAI CEO Sam Altman, demanding details about the company's efforts to ensure AI safety following reports of rushed safety testing for GPT-4 Omni. The senators are questioning OpenAI's safety protocols, concerned by allegations that the company expedited safety testing to meet a May release date.

The letter calls for OpenAI to provide its next foundation model to U.S. Government agencies for thorough deployment testing, review, analysis, and assessment. Lawmakers also want to know if OpenAI will commit 20% of its computing resources to AI safety research, a promise made in July 2023 with the now-disbanded "Superalignment team."

Elon Musk and xAI Announce the World's Most Powerful AI Cluster

Elon Musk and xAI have unveiled the Memphis Supercluster, boasting 100,000 Nvidia H100 GPUs and claimed to be the "most powerful AI training cluster in the world." Musk also announced that Grok 2.0 has completed training and will be released soon, with Grok 3.0 planned for December 2024 as the most powerful AI by all metrics.

Musk further revealed that Tesla aims to have humanoid robots in "low production" for internal use next year. The rapid advancements by xAI suggest it may soon solidify its position as a leading AI powerhouse, rather than just another startup in the competitive AI landscape.

Adobe Supercharges Illustrator and Photoshop with AI-Powered Firefly

Adobe has launched major AI updates to Illustrator and Photoshop, leveraging its Firefly AI model to enhance creative workflows and generative design capabilities. Illustrator introduces Generative Shape Fill with Firefly Vector AI, adding detailed vectors to shapes and creating scalable patterns from text prompts. The new Text to Pattern feature enables customizable vector patterns for designs like wallpapers.

Photoshop now includes the AI-powered Selection Brush Tool and Generate Image function, both generally available. It also features an improved Generative Fill for sharper large images. These updates aim to boost productivity by automating tedious tasks, integrating powerful AI directly into designers' everyday tools, and streamlining workflows.

In Other News

Nasdaq-100 Futures Dip on Alphabet and Tesla Earnings Disappointment

Nasdaq-100 futures fell 1.4% on Wednesday after disappointing earnings from Alphabet and Tesla. S&P 500 futures dropped 0.9%, and Dow Jones Industrial Average futures declined by 0.4%. Alphabet shares fell over 4% despite beating earnings estimates, as YouTube ad revenue missed expectations. Tesla shares dropped over 8% due to weaker-than-expected results and a 7% decline in auto revenue.

These reports provide crucial insights into megacap company performance, which drives most of this year's gains. So far, 80% of S&P 500 companies reporting have exceeded expectations. Despite a recent losing session, investor confidence remains high with expectations of a Federal Reserve rate cut in September and optimism for a soft economic landing boosting rate-sensitive sectors.

Ferrari to Expand Crypto Payments to Europe After US Success

Ferrari, the Italian luxury sports car maker, is set to expand its cryptocurrency payment system to Europe after a successful launch in the US in 2023 with BitPay. Starting in late July 2024, Ferrari's European dealers will begin accepting crypto payments, adding to their traditional payment options.

The company announced that most European dealers have already adopted or are in the process of adopting this new system. By the end of 2024, Ferrari plans to extend cryptocurrency transactions to other international dealers where crypto is legally accepted.

Cool Tools For This Week From insidersedge.io 

Fusion - Generate prompts based on factors like creativity, relevance, & clarity, etc.

WOXO - Generate videos from short descriptions.

SaaS Prompts - AI & ChatGPT prompts for SaaS entrepreneurs.

Ocoya - Create & schedule posts faster on social media.

Jobs & Opportunities

Applied AI ML Engineer - Heretic

Senior Software Engineer AI - Ripple

Senior NLP Research Engineer - Genies, Inc.

Thanks for tuning into today’s edition!

How's your vibe with our newsletter?

Be brutally honest. DM me or email me back with any suggestions!

Love it! It's a must-read.  |  It's quirky, but I kind of dig it.  |  Well, it's...an experience.

^{For Daily AI Content 👇}