In other AI news, Amazon is reportedly developing a large language model codenamed Olympus, with two trillion parameters, to compete with rivals like OpenAI and Google. Meanwhile, Intel is leading a near-$50 million funding round for Stability AI, creators of the text-to-image tool, Stable Diffusion. Despite initial success, Stability AI has struggled to monetize its products due to increasing competition and operational costs.
Key takeaways:
- Google's AI-powered Magic Editor, available on Pixel 8 smartphones, is designed to avoid editing images of ID cards, receipts, human faces, or body parts to prevent misuse such as identity theft or creation of non-consensual deepfakes.
- Amazon is reportedly developing a large language model named Olympus, containing two trillion parameters, in an attempt to compete with rivals like OpenAI and Google.
- Intel is leading a near-$50 million funding round in Stability AI, a company that makes a popular text-to-image tool called Stable Diffusion.
- Despite initial success, Stability AI has struggled to monetize its AI products due to increasing competition and rising operational costs.