Meta Open Sources Llama 3.1, New Era of AI unfolds

Meta’s strategic move to release the Llama 3.1 model as open source could be a game-changer in the AI landscape while Tesla, Alphabet and Pearson continue to invest in new initiatives

All this and more in today’s newsletter

News Bytes

• Meta has announced a significant shift towards open-source AI with the release of Llama 3.1 405B, the first frontier-level open-source AI model. This move is expected to set a new industry standard, offering developers the ability to modify, fine-tune, and distill models, leading to more advanced, secure, and cost-efficient AI solutions. Meta’s commitment to open-source AI is being projected as a parallel to the historical transition from closed source Unix to open-source Linux.

• Elon Musk has announced that Tesla will begin using humanoid robots in its factories next year, with plans to start selling them to other companies by 2026. These robots, named Optimus, are designed to perform tasks that are unsafe, repetitive, or boring. The move towards humanoid robots aligns with Musk’s focus on AI and autonomous technologies.

• Alphabet has announced a significant investment of $5 billion into Waymo, its autonomous driving subsidiary. This funding, revealed by CFO Ruth Porat during Alphabet’s second-quarter earnings call, is part of a multi-year investment strategy to bolster Waymo’s position as a leader in autonomous driving technology.

• Pearson, the textbook publishing giant, is set to revolutionize the educational landscape with its AI assistant designed for instructors. This innovative tool, integrated into Pearson’s MyLab and Mastering platforms, will be available in August and aims to significantly reduce the time educators spend on creating personalized assignments. By swiftly sorting through hundreds of questions, the AI assistant allows teachers to quickly generate assignments tailored to their students’ needs.

• Marvel and Apple are collaborating to revolutionize the entertainment industry by introducing virtual reality experiences for movies and TV shows. This groundbreaking move is expected to blend the immersive storytelling of Marvel with Apple’s cutting-edge VR technology, offering audiences a new way to experience their favorite superhero narratives. This partnership signifies a significant step forward in media consumption, where viewers can step into the worlds they’ve only watched on screens before.

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