PYMNTS-MonitorEdge-May-2024

large language models

Report: Meta Planning AI System to Match OpenAI
Report: Meta Planning AI System to Match OpenAI
September 11, 2023  |  artificial intelligence

Meta is reportedly working on a new artificial intelligence (AI) system to compete with OpenAI. According to a Sunday (Sept. 10) report by The Wall...

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Ant Group Launches Specialized Large Language Model for Finance Industry
Ant Group Launches Specialized Large Language Model for Finance Industry
September 08, 2023  |  artificial intelligence

Ant Group has launched a financial large language model (LLM) and two applications that it powers in the China market. The financial LLM is a specialized...

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UAE Launches Bilingual Gen AI Named Jais
UAE Launches Bilingual Gen AI Named Jais
August 31, 2023  |  artificial intelligence

Today’s large language models (LLMs) aren’t actually trained on that large a set of languages. For the most part, the vernacular vehicle underlying the generative...

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AI21 Labs Valued at $1.4 Billion After $155 Million Funding Round
AI21 Labs Valued at $1.4 Billion After $155 Million Funding Round
August 30, 2023  |  artificial intelligence

AI21 Labs has raised $155 million in Series C funding to further develop and provide generative artificial intelligence (AI) services to businesses. With this latest...

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Report: OpenAI Approaches $1 Billion in Yearly Revenue
Report: OpenAI Approaches $1 Billion in Yearly Revenue
August 30, 2023  |  artificial intelligence

OpenAI is reportedly on the road to reaching $1 billion in yearly revenue. The maker of the generative artificial intelligence (AI) bot ChatGPT is taking...

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Stellar Launches to Help Businesses Deploy AI
Stellar Launches to Help Businesses Deploy AI
August 25, 2023  |  artificial intelligence

Indianapolis-based company Stellar has officially launched its mission to help businesses gain a competitive edge by integrating generative artificial intelligence (AI), large language models (LLMs)...

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Alibaba Cloud Unveils AI Models That Understand Visual Content
Alibaba Cloud Unveils AI Models That Understand Visual Content
August 25, 2023  |  artificial intelligence

Alibaba Cloud has unveiled two open-source artificial intelligence (AI) models that have the ability to understand both images and text. These models — Qwen-VL and Qwen-VL-Chat...

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Anthropic Gets $100 Million Investment from Korea’s SK Telecom
Anthropic Gets $100 Million Investment from Korea’s SK Telecom
August 14, 2023  |  artificial intelligence

Artificial intelligence (AI) firm Anthropic has teamed with Korea’s SK Telecom (SKT) to build a large language model for the telecom sector. The partnership, announced...

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AI Adds Fresh Parameters to Open- vs Closed-Source Software Debate 
AI Adds Fresh Parameters to Open- vs Closed-Source Software Debate 
August 10, 2023  |  artificial intelligence

Since the dawn of software, there have been two types of development: open source and closed source. A simple binary with complex ramifications, it is...

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