PYMNTS-MonitorEdge-May-2024

large language models

This Week in AI: Beyond LLMs, AI Forklifts, Weather Forecasting
This Week in AI: Beyond LLMs, AI Forklifts, Weather Forecasting
April 26, 2024  |  artificial intelligence

This week in artificial intelligence (AI) news, as large language models (LLMs) near technical limits, the focus shifts to retrieval-augmented generation (RAG), which combines information...

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The Future of AI? RAG Combines Language and Search
The Future of AI? RAG Combines Language and Search
April 25, 2024  |  artificial intelligence

As experts hint at the nearing technical limits of large language models (LLMs), the spotlight turns to retrieval-augmented generation (RAG) — a promising advancement that...

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Bite-Sized AI: Why Smaller Models Like Microsoft’s Phi-3 Are Big for Business
Bite-Sized AI: Why Smaller Models Like Microsoft’s Phi-3 Are Big for Business
April 23, 2024  |  artificial intelligence

Smaller artificial intelligence (AI) models, like Microsoft’s recently unveiled Phi-3-mini, are proving that bigger isn’t always better for business applications. These lightweight, efficient models can tackle content creation and data analysis...

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Microsoft Debuts Smallest AI Model as AI Eludes Small Businesses
Microsoft Debuts Smallest AI Model as AI Eludes Small Businesses
April 23, 2024  |  artificial intelligence

Microsoft has introduced its smallest artificial intelligence (AI) model, aimed at businesses with limited resources. The company’s Phi-3-mini can perform tasks like content creation for...

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Meta’s Llama 3 Model Has Potential to Shake Up AI Landscape
Meta’s Llama 3 Model Has Potential to Shake Up AI Landscape
April 22, 2024  |  artificial intelligence

Meta has unveiled the latest iterations of its open-source Llama artificial intelligence (AI) model, which is causing ripples through the AI community. As the AI...

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Billion-Dollar Buddies? Forecasting A Boom in the AI Companion Industry
Billion-Dollar Buddies? Forecasting A Boom in the AI Companion Industry
April 19, 2024  |  artificial intelligence

The industry of companion apps and robots powered by artificial intelligence (AI) is rapidly expanding. Greg Isenberg, formerly of WeWork’s startup hub, recently speculated on...

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Small Businesses Face Uphill Battle in AI Race, Says AI Index Head
Small Businesses Face Uphill Battle in AI Race, Says AI Index Head
April 17, 2024  |  artificial intelligence

Small and medium-sized businesses will struggle to keep pace with tech giants like OpenAI in developing their own artificial intelligence (AI) models, according to a...

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AI Faces a Data Drought … for Real
AI Faces a Data Drought … for Real
April 10, 2024  |  artificial intelligence

The demand for high-quality data, essential for powering artificial intelligence (AI) conversational tools like OpenAI’s ChatGPT, may soon outstrip supply and potentially stall AI progress,...

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Music Industry Confronts AI Compensation Issue 
Music Industry Confronts AI Compensation Issue 
April 09, 2024  |  artificial intelligence

Artificial intelligence (AI) is bringing unimaginable opportunities and efficiencies to nearly every sector.  However, those opportunities and efficiencies also come with their own controversies and...

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