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💰 AI Funding Blitz: 01.AI Eyes $200M to Ride the Open-Source Momentum

ALSO: Google Deepmind has a huge breakthrough in math

Author

John Makore
December 14, 2023

Happy Thursday!

In a dynamic stride within the ever-evolving artificial intelligence arena, Beijing-based startup 01.AI is poised to secure a substantial $200 million in fresh capital, bolstered by a recent valuation milestone of $1 billion.

In today's Article:

  • 💻 Effortless Podcasting: Dive into Podcastle's AI-Enhanced Studio

  • 💰 AI Funding Blitz: 01.AI Eyes $200M to Ride the Open-Source Momentum

  • 🔮 Google DeepMind's FunSearch Breakthrough

  • 🏠 Revolutionizing Robot Learning: Dobb-E Masters Household Tasks in Just 20 Minutes

💰 AI Funding Blitz: 01.AI Eyes $200M to Ride the Open-Source Momentum

droid with chinese flag city background

In a dynamic stride within the ever-evolving artificial intelligence arena, Beijing-based startup 01.AI is poised to secure a substantial $200 million in fresh capital, bolstered by a recent valuation milestone of $1 billion. Led by Lee Kai-fu, former chief of Google China, the company's innovative approach to open-source AI models, particularly in large language models (LLMs), is capturing global attention.

Key Highlights:

🌐 Global Recognition:

01.AI gained international acclaim when its Yi-34B model, a significant player in the open-source LLM community, clinched the top spot on Huggingface's leaderboard in November. This achievement positions 01.AI as a formidable contender in the fiercely competitive AI landscape.

📈 Valuation Surges:

Riding the wave of interest in generative artificial intelligence, 01.AI achieved a valuation of $1 billion in November, aligning with the success of fellow Chinese startups like Zhipu AI and Baichuan Technology, whose valuations have surpassed the billion-dollar mark.

🤔 Open-Source Debate:

The move towards open-source LLMs has sparked a debate within the industry, with OpenAI expressing reservations about potential misuse. Notably, Alibaba's cloud arm actively champions open-source initiatives, with its Qwen-72B model gaining traction on Huggingface's leaderboard and surpassing industry benchmarks.

🚀 In Today’s News

In a groundbreaking move, DeepMind's FunSearch leverages a large language model, Codey, to crack an unsolvable problem in pure mathematics. The innovative tool challenges the conventional notion that large language models merely generate content and demonstrates their potential for making verifiable discoveries when properly guided. FunSearch's unique approach combines Codey with filtering systems, producing code recipes for solutions and showcasing versatility that could address a broad range of mathematical problems.

Introducing Dobb-E, an open-source system that addresses one of robotics' major challenges—limited training data. Unlike AI models trained on vast internet datasets, robots struggle as physical data collection is labor-intensive. Dobb-E's innovative approach involves utilizing an iPhone attached to a reacher-grabber stick to record real-home tasks, enabling the training of a commercially available robot called Stretch.

💻 Effortless Podcasting: Dive into Podcastle's AI-Enhanced Studio

podcastle logo

Creating professional-quality podcasts and videos has never been more accessible. Podcastle, the intuitive AI-powered podcasting software, empowers creators of all backgrounds and experience levels to produce engaging content effortlessly. From recording to editing and publishing, Podcastle provides a streamlined studio experience, ensuring a seamless journey for both beginners and seasoned podcasters. Dive into the world of hassle-free podcasting with Podcastle's standout features:

🎤 Radically Simple & Streamlined Recording Studio:

  • Local recording for up to 10 participants with separate tracks for uncompressed WAV audio and 4K video.

  • Uninterrupted recording, regardless of internet disruptions.

🎧 Intuitive Audio Editor:

  • AI noise removal, equalization, and text editing for a smooth and professional audio editing experience.

  • Access to a royalty-free music library to enhance your podcast's audio.

🎬 Dynamic Video Editor:

  • Custom branding tools, unique layouts, lower thirds, and clip highlights for captivating visual storytelling.

  • Effortless sharing of highlights on various social channels.

podcastle website showcasee

🤖 AI-Generated Voices:

  • Create entire podcasts in seconds using vibrant AI voices or clone your own voice with a simple script.

  • Instantly add a unique touch to your content with AI-generated narration.

🚀 Join the Podcasting Revolution with Podcastle: Start Creating Today!: Podcastle: All-in-One Podcast Software

The Best AI Tools To Use/GPT’S

🚀 ChatGPT - MidJourney Prompt Generator: Unleash creativity with the most advanced MidJourney Prompt Generator.

📧 ChatGPT - PolitePost: Elevate your email etiquette by rewriting messages professionally.

🎨 ChatGPT - Stock Image Generator: Your friendly companion for generating casual art images.

💻 10Web: Explore seamless website management with powerful hosting, building, and optimization tools.

🎨 Palette.fm: Instantly colorize black and white images with our AI colorize tool.

🚀 Engage AI: Level up your LinkedIn game with Engage AI Pro Subscription, offering insightful comments and relationship-building tools.

📝 Writesonic: Your go-to AI writer for SEO-friendly content, blogs, Facebook ads, Google ads, and Shopify.

Thank you for reading today's coverage of AI news. Until tomorrow,

-John

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