📰 What's new in AI - week ending April 26th

[Caity Belta]

Hello Community, on the weekend-eve of Team '24!

Here is this week's news recap of the latest AI industry news, brought to you by folks who scroll so you don't have to! New this week: Industry trends! 

Apple is stepping up its AI game with OpenELM (Open-source Efficient Language Models), a new model that’s set to revolutionize how AI works across iPhones and laptops. This is part of Apple’s strategy to integrate more advanced AI capabilities directly into their devices, making them smarter and more responsive to user needs. It’s a significant shift that could change the way we interact with our gadgets, making them not just tools, but intelligent partners in our daily lives. Apple’s new AI model hints at how AI could come to the iPhone (The Verge)

Dropzone AI, which has successfully raised $16.85 million in a Series A funding round, is developing AI agents designed to continuously monitor and investigate security alerts. The company says that its agents are capable of slashing the manual workload for human analysts by 90%, trimming down the investigation time for alerts from 40 to just 3 minutes. Additionally, these AI agents function autonomously, without the need for any playbook, code, or specific instructions. Dropzone AI gets $16.85M for autonomous cybersecurity AI agents that reduce manual work by 90 percent (VentureBeat)

 Snowflake’s new generative AI model, Arctic LLM, is making headlines as an “enterprise-grade” powerhouse. It’s designed to be the most open and versatile large language model out there, tailored for enterprise workloads. Arctic has a Mixture-of-Experts (MoE) architecture, which means it breaks down tasks into smaller bits and delegates them to specialized mini-models. This makes it super efficient, especially for tackling those repetitive business tasks that nobody likes to do! Snowflake releases a flagship generative AI model of its own (TechCrunch)

 More of the latest news

• Amazon Introduces Custom AI Capabilities in Race Against Cloud Rivals (WSJ)
• Nvidia acquires AI workload management startup Run:ai for $700M, sources say (TechCrunch)
• OpenAI shrugs off Meta’s Llama 3 ascent with new enterprise AI features (VentureBeat)

 Industry trends

• Cognizant and Microsoft Partner to Drive Enterprise Gen AI (Technology Magazine)
• Exclusive: OpenAI's Chris Lehane says AI is "critical infrastructure" (Axios)
• At Moderna, OpenAI’s GPTs Are Changing Almost Everything (WSJ)
• Meta AI is a serious ChatGPT rival. But it could be so much more (Fast Company)

For those that are going, have a Happy Team'24! 

I'll be over here suffering from severe FOMO.