Meta launches Llama 3 AI model 🤖

Good Morning! Welcome to another edition of Lightway.

Here’s everything you need to know to start your week:

→ Boston Dynamics unveils upgraded Atlas robot
→ Tesla to layoff 10% of its workforce
→ Meta launches Llama 3 AI model
→ Adobe’s AI for PDFs, US Chip grants, and more Tech & AI news.

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Highlights of the week

Boston Dynamics unveils upgraded Atlas Humanoid Robot

Boston Dynamics unveiled a new version of its Atlas robot, transitioning from hydraulic to all-electric systems. Here are the main highlights:

• New Design: The latest Atlas model features a more humanoid appearance with a round head and fingers, marking a significant design shift from its predecessors.

• Enhanced Capabilities: Expected to be stronger and more agile, this Atlas model aims for greater dexterity and a wider range of motion.

• Development and Testing: Currently in the R&D phase, the robot will undergo testing with select customers, including Hyundai Motor Group.
  While still in the R&D phase, the new Atlas promises to exceed human capabilities in motion and efficiency.

While still in the R&D phase, the new Atlas promises to exceed human capabilities in motion and efficiency. (Read More)

Tesla lays off more than 10% of its workforce

Tesla is set to reduce its workforce by over 10 percent, impacting around 14,000 employees as the company gears up for future growth.

Here’s everything you need to know:

• Workforce Cut: The layoffs are a part of Tesla's strategy to streamline operations for upcoming phases of growth.

• Executive Departures: Senior vice president Drew Bagliano, with over 18 years at Tesla, is also departing.

• Recent Challenges: This move follows a reported decline in vehicle deliveries and a slowdown in sales growth. Tesla has also shelved plans for a more affordable Model 2 car, focusing instead on a new robotaxi project.

Tesla has recently lost its status as the top global electric vehicle maker to China’s BYD. (read more)

Meta Launches Llama-3 AI model

Meta is rolling out Llama 3, an advanced version of its AI model, powering its Meta AI across Instagram, WhatsApp, and Facebook. Here’s everything you need to know:

• Llama 3 Model: The new AI model outperforms its predecessors and rivals in critical benchmarks, especially in coding tasks.

• Integration and Accessibility: The AI assistant now integrates real-time search results from Bing and Google and offers enhanced image generation capabilities.

• New Features: Users will experience upgraded animations and high-resolution image generation, along with a new panel for prompt suggestions.

• Open Source Access: Two versions of Llama 3 are now available for developers: an 8-billion parameter model and a 70-billion parameter model.

• Future models: A more powerful version of Llama 3 with over 400 billion parameters and trained on over 15 trillion tokens is expected soon.

Meta aims to make this AI assistant the most intelligent and accessible worldwide, according to CEO Mark Zuckerberg. (read more)

 Tech Roundup

→ Google AI: Google consolidates teams with aim to create AI products faster (link)

→ US Chip grants: US to grant Samsung up to $6.4B for chip plants. (link)

→ AI Investments: Microsoft announces a $1.5 billion investment in Abu Dhabi-based AI company Group 42 Holdings (G42). (link)

→ Netflix AI Use: Netflix's AI-generated images in true crime documentary stir controversy (link)

→ Edu VR app: Meta is launching a new educational hub for Quest VR headsets to streamline VR technology in educational settings. (link)

→ Baidu Chatbot: Baidu's AI chatbot 'Ernie Bot' has reached 200 million users and its API is used 200 million times daily. (link)

→ OpenAI API Discounts: OpenAI introduces a new Batch API providing up to 50% discount for asynchronous tasks like summarization, translation, and image classification. (link)

→ Adobe Chatbot for PDFs: Adobe releases AI assistant to summarize PDFs for you (link)

→ AI in healthcare: Moderna CEO says AI will help scientists understand ‘most diseases’ in 3 to 5 years (link)

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