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Wine Fraud, Big Delays, and New AI Billionaires
Your December 4 AI Digest
Today’s digest is a 4-minute read.
Today’s Stories:
AI Being Used to “Sniff Out” Wine Fraud in France
Google’s Gemini AI Delayed
Nvidia Acts as a “Weapons Supplier” in AI Wars
GPT Store Debut Postponed to 2024
OpenAI Made $51 Million Deal with Rain
The AI Race Produces Another Billionaire Company
AI Being Used to “Sniff Out” Wine Fraud
Key Points:
AI tool can detect wine fraud by analyzing wine compounds.
The tool has 99% accuracy in tracing wines to their producers.
Could combat significant wine fraud issues in Europe.
Potential applications in quality monitoring and other industries.
The Guardian reported that scientists have developed an AI tool capable of detecting fraudulent wine. The tool works by analyzing chemical compounds in the wine and tracing them back to their specific estate. Their machine-learning algorithm can distinguish wines based on subtle differences in composition. This was achieved by examining data based on gas chromatography analyses of 80 wines from different estates in France’s Bordeaux region. The AI could successfully identified unique chemical signatures for each estate with 99% accuracy.
The research highlights the potential of machine learning in combating wine fraud, which is a significant issue in Europe. Wine producers lose billions every year due to fake wine. Beyond fraud detection, this technology could also be used to monitor wine quality and assist in the blending process, making it more cost-effective to produce high-quality wines. It can also be applied to other industries.
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Google’s Gemini AI Delayed
Main Points:
Gemini, Google's next-generation AI, delayed until 2024.
Prompted by issues in non-English queries.
Gemini is essential for Google to compete in AI.
Google sticks with a more cautious approach.
Google has postponed the launch of its much-anticipated Gemini AI to January 2024. The delay is due to issues with non-English queries, prompting a decision by CEO Sundar Pichai. While the details are not completely known, it is rumored that Gemini is exponentially more powerful than GPT-4, has more extensive training data, and can interact with images, graphs, and documents. It us expected to enhance Google's existing AI services, including Bard, Google Assistant, and Search, in response to the intense competition of the “AI Wars.”
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Nvidia Acting as a “Weapons Supplier” in AI Wars
Main Points:
Currently, there is an AI “war” of competing companies.
NVIDIA is a key hardware supplier (GPUs).
Current AI focus on text data may be inadequate for human-like AI.
Meta focusing on open-source AI, unlike its corporate competitors.
Meta's Chief Scientist, Yann LeCun, views the AI industry as a competitive "war," with NVIDIA playing a key role by supplying crucial GPU technology. Right now, the industry is heavily reliant on NVIDIA's chips for training and processing AI apps. LeCun believes the current focus on language models and text data is suboptimal for achieving human-like AI.
Meta is developing transformer models to explore complex data correlations and is also investing in models that use 3D visual data. At the same time, Meta has distanced itself from major competitors by focusing on open source. To date, Meta has released nine open-source AI platforms, including the widely used Llama 2 LLM.
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GPT Store Debut Postponed to 2024
Main Points:
GPT Store launch delayed to early 2024 from November.
Delay follows leadership crisis, including CEO Sam Altman's return.
OpenAI planning ChatGPT updates, including GPT-5
OpenAI has postponed the release of its highly-awaited GPT Store to early 202. Initially, a November launch had been planned. OpenAI introduced the game-changing GPT Builder tool in November for creating custom AI bots. The store will allow users to monetize their custom bots, also known as GPTs. The postponement may be linked to the OpenAI leadership crisis, which resulted in the reinstatement of Sam Altman as CEO. In addition to restructuring, the OpenAI team has been working to develop GPT-5.
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OpenAI Made $51 Million Deal with Rain
Key Points:
OpenAI signed a letter of intent to buy $51 million in AI chips from Rain.
Sam Altman, OpenAI's CEO, has a personal investment in Rain.
Rain's “NPUs” are designed to mimic the human brain, offering enhanced performance.
OpenAI faces chip shortages and high costs in AI development.
Rain's foreign investors have raised US government scrutiny.
Wired just reported that OpenAI signed a letter of intent to purchase $51 million worth of AI chips from Rain, a startup backed by its CEO Sam Altman. Altman, recently reinstated as OpenAI CEO, is reportedly invested in Rain. The chips, termed neuromorphic processing units (NPUs), are intended to replicate human brain features. Rain claims they produce more computing power and energy efficiency than traditional GPUs.
OpenAI's deal with Rain was signed in 2019. Though the agreement is nonbinding, hardware has been a hot commodity, with AI companies desperately trying to source crucial components for AI computing. Wired reports that Rain’s first NPUs could be ready as early as October 2024. However, Rain's funding and leadership have undergone changes. Specifically, a $25 million investment by Saudi Arabia-affiliated fund Prosperity7 Ventures has attracted scrutiny from U.S. government agencies.
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The AI Race Produces Another Billionaire Company
Key Points:
The fast-growing CoreWeave cloud platform valued at $7 billion.
Major investment from Fidelity, Nvidia, Jane Street, JPMorgan, and others.
Led by CEO Michael Intrator, CoreWeave is expanding its AI-focused data centers.
CoreWeave, a fast-growing cloud computing provider in the AI sector, has entered the tech billionaires club. The company completed a minority stake sale led by Fidelity Management & Research Co., which valued the company at $7 billion. This investment round included participation from entities such as Investment Management Corp. of Ontario, Jane Street, JPMorgan Asset Management, and others.
CoreWeave's CEO, Michael Intrator, highlighted the company's rapid growth and claimed market-leading performance. CoreWeave, which also has Nvidia as a key investor, was an early adopter of Nvidia’s graphics chips for data centers. The company is expanding its data centers with Nvidia chips to cater to the growing AI computing market. Morgan Stanley advised CoreWeave on the transaction.
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We hope you enjoyed today’s edition! Happy Monday, and make sure to visit our growing website at www.intelligist.ai for more AI and technology news and insights!
Joaquin Bueno
the intelligist