AI Titan's Mega-Raise - OpenAI Woos UAE Wealth and Silicon Valley Elites for $7B Boost

G42 Unveils NANDA: Powering Hindi AI Revolution in India

Author

Ahmad Ak
13 Sep • Estimated Reading Time: 6 minutes

Tech Insights AI 0014, Friday 13th September 2024

Table of Contents

1.AI Titan's Mega-Raise - OpenAI Woos UAE Wealth and Silicon Valley Elites for $7B Boost

Image generated using Flux.ai

OpenAI in discussions with UAE's MGX for massive $7B funding round

  • Potential valuation: $150 billion (Previous valuation: $86B (earlier this year)

  • Unusual capital structure: Profit-sharing units instead of traditional equity

  • Employee share buyout planned

🔑Key players

  • MGX: $100B UAE-backed investment fund

  • Microsoft: Existing major backer, considering further investment

  • Thrive Capital: Committed over $1B

  • Khosla Ventures

  • Tiger Global Management

🌍Investor Landscape

Tech giants eyeing participation

  • Nvidia

  • Apple

🕌Middle Eastern interest

  • Abu Dhabi Investment Authority (ADIA) potential investor

  • Sheikh Tahnoun bin Zayed Al Nahyan: Board chair for MGX and ADIA

  • Fundraising Highlights

🎬🔍Behind the Scenes

  • Sam Altman working on structure change to for-profit business

  • Michael Klein advising on structural changes

2.G42 Unveils NANDA -Powering Hindi AI Revolution in India

G42, the UAE-based tech powerhouse, is set to launch NANDA, a groundbreaking Hindi Large Language Model, revolutionizing AI accessibility for over half a billion Hindi speakers

🏔️.NANDA - A Linguistic Powerhouse

NANDA, named after one of India's highest peaks, aims to elevate Hindi's presence in the digital and AI landscape, marking a significant milestone in India's AI journey

  • 13 billion parameters

  • Trained on 2.13 trillion tokens

  • Focused on Hindi language datasets

🤝Collaborative Brilliance and Developed by

  • Inception (G42 company)

  • Mohamed bin Zayed University of Artificial Intelligence (MBZUAI)

🖥️Cerebras Systems

  • Trained on Condor Galaxy, one of the world's most powerful AI supercomputers

🇮🇳Impact on India's Tech Landscape

  • Supports India's AI ambitions and Digital India initiative

  • Fosters an inclusive AI ecosystem for Hindi speakers

  • Empowers scientific, academic, and developer communities

🤖G42's AI Language Expertise

  • Follows success of JAIS, the first open-source Arabic LLM

  • Continues mission to democratize AI across underrepresented languages

3.OpenAI Unveils GPT-4o: A Leap in AI Capabilities

OpenAI has launched GPT-4o, its most advanced AI model yet. This new version brings major upgrades:

• Handles text, images, audio, and video

• Available to free ChatGPT users, not just paid subscribers

• Faster and cheaper for developers to use

• Improved performance across languages and tasks

GPT-4o aims to make advanced AI more accessible while setting new standards in multilingual and multimodal capabilities. The rollout begins today, with more features coming soon.

Other Announcements , News and Insights

🌐 Global AI Military Blueprint Unveiled at Seoul Summit
A groundbreaking "blueprint for action" governing the responsible use of AI in military applications has been announced at the Responsible AI in the Military Domain (REAIM) summit in South Korea

🚀 Little Angel Medical Unveils AI-Powered Child Health Monitor

App uses quick video scans to detect health anomalies in children, offering real-time recommendations and alerting healthcare providers when needed.

🚨 AI Chatbot Used in Shocking Stalking Case

A Massachusetts man has been arrested for an alleged seven-year campaign of stalking and harassment against a female professor, taking tech-enabled abuse to new heights:

  • James Florence Jr. created AI chatbots mimicking the victim on NSFW platforms

  • Chatbots were programmed with victim's personal details, including home address

  • Over 100 fake nude images of the victim were posted hundreds of times online

  • AI was used to generate nonconsensual sexual imagery of the victim

Latest Github Projects📂

Anthropics Courses interactive tutorial provides a comprehensive guide to prompt engineering techniques, allowing users to experiment with different approaches using Jupyter notebooks. The course covers a wide range of topics from basic to advanced prompting strategies, making it a valuable resource for those looking to improve their skills in working with large language models.

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