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| Here's a look at today's AI briefing: - 🤖 Pentagon's AI to estimate critical mineral prices
- 🚀 Deep Dive: Super Micro surges on AI server demand
- 🤝 OpenAI partners with Common Sense Media
Shriram
p/Shriram | |
| 1 | | The U.S. Department of Defense is launching OPEN, an AI program, to predict mineral supplies and estimate prices as part of broader initiatives to boost domestic production of critical minerals essential for weapons and energy. This aims to boost domestic production of crucial minerals for weapons and energy, addressing challenges linked to commodity price fluctuations and lagging U.S. mine development compared to China. More: - DARPA and the U.S. Geological Survey plan to use private contractors to develop an AI model assessing a metal's "structural price" based on factors like production location, timing, labor, and supply costs.
- OPEN (Open Price Exploration for National Security) aims to boost price transparency for government and commercial entities, addressing perceived national security risks from futures markets and pricing agencies.
- Outside of specific events or natural disaster forecasts, the program also attempts to estimate supply consequences from unforeseen market shocks.
- According to the documents, the LME's 2022 nickel pricing issues were cited as an illustration of "endogenous market dynamics," indicating that futures markets might not be a reliable source of price information.
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Shares of Super Micro Computer surged by about 25% to a record high following a forecast of quarterly results well above current estimates, driven by strong demand for AI servers and an increased need for liquid cooling solutions in data centers processing more generative AI applications. Net sales soared to $3.66B, up significantly from $2.12B in Q1 FY2024 and $1.80B YoY, with a reported gross margin of 15.4%, compared to 16.7% in Q1 FY2024 and 18.7% in the same quarter last year. More: - Super Micro Computer's March quarter net sales projection, ranging from $3.7B to $4.1B, exceeds the consensus analysts' estimate of $2.87B, according to LSEG.
- According to San Jose, California-based Super Micro, its clients are NASA and NEC of Japan.
- The stock had risen 35% on Jan. 19, rekindling Wall Street's interest in companies involved in artificial intelligence on reports of robust demand for AI servers.
- According to CEO Charles Liang, Super Micro's stock has more than tripled since May 2023 due to the momentum of generative AI.
- Rosenblatt Securities analyst Hans Mosesmann attributes the company's upside to earlier-than-expected hyperscale engagements, particularly in deploying liquid-cooled racks.
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| 3 | | OpenAI is partnering with Common Sense Media to create AI guidelines and educational materials for teenagers and families, ensuring responsible access to AI tools for educational purposes. Concurrently, Common Sense Media, a nonprofit organization, is developing an AI ratings and review system to help parents, children, and educators understand the benefits and risks of AI technology. More: - The collaboration intends to produce AI guidelines and parent, educator, and child-friendly instructional materials.
- The goal is to select large language models (LLMs) with the GPT brand that are "family-friendly" and compliant with Common Sense's guidelines and ratings.
- The partnership aims to prevent unforeseen outcomes of AI technology and educate educators and families about the safe and responsible usage of ChatGPT.
- OpenAI's mission involves providing beneficial AI freely and prioritizing its advantages for individuals, including those who lack access to AI.
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| 4 | | Meta AI has launched Code Llama 70B, an expansive open-source AI model designed for code generation, capable of writing in Python, C++, Java, and PHP. With 175 billion parameters, this enhanced version of Llama 2 is trained on 500 billion tokens, offering an extended context window of 100,000 tokens for processing complex code structures. More: - CodeLlama-70B-Instruct variant scored 67.8 on HumanEval, surpassing prior open models and rivaling closed models like GPT-4 and Gemini Pro.
- CodeLlama-70B-Instruct excels at understanding natural language instructions and generating code for tasks like sorting, searching, and algorithm implementation.
- Another variant, CodeLlama-70B-Python, is designed for Python, leveraging 100 billion tokens of Python code to enhance its fluency and accuracy in generating it.
- Under the same license as Llama 2, Code Llama 70B can be downloaded for free by commercial and research users.
- The release will greatly impact code generation and software development, offering a powerful tool for code creation and improvement with the potential for new applications.
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| 5 | | Under the Biden administration, the U.S. government is introducing rules requiring cloud providers like Amazon and Microsoft to disclose foreign clients developing AI applications, aiming to limit Chinese firms' access to crucial data centers. The effort targets limiting Chinese firms' access to crucial data centers and servers for AI applications amid ongoing U.S.-China tech tensions. More: - The Biden administration sees Beijing as a key worldwide strategic rival and is concerned about China's progress in artificial intelligence and other cutting-edge technology.
- The proposed rules target national security threats from AI development, especially those with military potential, as part of broader efforts to limit China's technological access.
- Gina Raimondo, the secretary of commerce, highlights the risk of cutting-edge AI models ending up in the hands of non-state actors or organizations that aren't allies of the U.S.
- Like "know-your-customer" regulations in the banking sector, the requirements force cloud providers to gather, keep, and analyze consumer data.
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| 6 | | South Korean AI chip startup Rebellions secured $124M in a Series B round led by KT, with participation from Temasek's Pavilion Capital, Korea Development Bank, Korelya Capital, and DG Daiwa Ventures. The oversubscribed round, initially targeting $90M, values Rebellions at about $658M post-money, facilitating the development of its third AI chip, Rebel, to be completed by the end of 2023, with mass production scheduled for 2025. More: - In collaboration with Samsung Electronics, Rebellions intends to use the money to build Rebel, a new AI chip.
- Rebel is anticipated to go after the generative AI industry for hyper scalers and large language models using Samsung's 4-nanometer fabrication technology.
- Rebellions' Atom chip, designed for data centers and 7 billion parameter language models, is expected to generate revenue in H2 2023, using Samsung's 5nm process.
- Rebellions' first AI chip, Ion, launched in November 2021, is undergoing U.S. testing for edge computing, specifically in financial services for stock prediction and trading.
- Since its founding in 2020, Rebellions has raised approximately $210M in investment.
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- Shortwave, an email client from ex-Google engineers, added AI features, including instant summaries, writing assistance, and extended AI functions for iOS and Android with multi-select AI actions.
- The White House AI Council convened yesterday, following President Joe Biden's executive order aimed at mitigating AI risks, three months after its signing.
- Italy's data watchdog has informed OpenAI that its ChatGPT chatbot violates data protection rules, continuing an investigation from last year.
- The Biden administration intends to grant subsidies to semiconductor companies, including Intel and Taiwan Semiconductor Manufacturing Co, for constructing new U.S. factories.
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 | Freelance Writer | | Shriram is pursuing Master’s in Business with Marketing at Warwick Business School. He worked as a Senior Consultant in Tech and Political Consultancies before his Masters. He is passionate about Tech, Marketing, Strategy, Anthropology and Politics. He is also the Postgraduate Ambassador for Warwick Business School. | | This newsletter was edited by Aaron Crutchfield | |
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