Dive into the latest tech headlines: Reddit's groundbreaking $60M AI partnership shakes up data usage norms, while Google's Gemma launch redefines creative AI accessibility. Discover how these moves are reshaping the digital landscape.
Getting money for your startup is a big win, not just because of the cash. It means you've found the right partners who will help guide and grow your business.
Smart Choices - Good investors are like wise friends who give you great advice, especially when things get tough. They help you see the big picture and make smart decisions.
Under Pressure - Starting a business is hard, and you're always under a lot of stress. Getting funding proves you can handle it and make good choices even when it's hard.
Talking Clearly - It's important to explain your ideas well. Investors don't just give you money; they believe in your ability to share your vision and bring others on board.
New Possibilities - The money helps you do more than just work on your product. It lets you build a great team, a fun place to work, and make a difference in the world.
So, getting funding is a huge deal. It shows you're on the right track, ready to turn your dream into reality, and make a positive change.
Online rumors sparked interest in an OpenAI page called 'Feather,' linked to a patent for data labeling services. The trademark, from November 2023, suggests 'Feather' was a service for finetuning and managing data sets for businesses. It's believed to involve contractors labeling various data types for AI training. However, access to the site is restricted to unauthorized users. Despite the buzz, 'Feather' might be less exciting than expected, as people eagerly await new OpenAI developments.
Google has launched Gemma, a new set of open-source AI models named after its proprietary Gemini. Available in 2B and 7B sizes, Gemma models perform better than many competitors on important tests. Although not as advanced as Gemini, Gemma is efficient, capable of running on laptops, and is accessible on HuggingFace, Kaggle, and Google's Vertex AI. Gemma's introduction, with its practical and creative potential, challenges OpenAI by offering a powerful, open-source alternative to their closed models.
Reddit has agreed to a $60 million yearly contract with an AI company to use its user content for AI training, ahead of its expected IPO. This move has led to criticism since Reddit's content, created by users for free, will now be used commercially. Additionally, Reddit thought about blocking Google from indexing its site to secure an AI data agreement. This deal might set a precedent for how social media platforms license their data for AI in the future. The trend underscores the growing value of user-generated data on platforms like Reddit for AI development, contrasting with companies like Meta and X, which are pursuing their own AI projects.
Tool of the week
Evolv AI boosts customer experiences using AI and machine learning, tweaking interactions in real time across platforms, including e-commerce and social media. It personalizes customer paths to enhance marketing outcomes, nudging each visitor towards making a purchase.
The key benefits of the platform are:
Automated Adaptation: Evolv adjusts the customer journey on the fly, learning from interactions to refine future strategies.
Smart Targeting: Beyond manual segmentation, Evolv autonomously identifies and crafts new customer segments, revealing untapped opportunities.
Insightful Analytics: It offers detailed feedback on experiments, aiding in strategic decisions for customer experience enhancements, potentially revolutionizing site design brainstorming.
Keep in mind that Evolv AI is a complex platform and takes time to learn and apply.
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