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Hey Edge Family, good morning! Meta is heating up the week with their latest AI chip and the announcement of Llama 3.
The Breakdown

🚨 Latest Developments

Source: TechCrunch
Big Takeaway: Yesterday, Meta announced the second generation of its AI chip, the Meta Training and Inference Accelerator (MTIA), with significant performance improvements and deployment in Meta's data centers.
Mark Zuckerberg's vision includes building general-purpose artificial intelligence and making it open source, alongside the development of specialized AI hardware and software to support a large-scale computing infrastructure.
The MTIA is specifically designed for optimizing AI workloads related to ranking and recommending ads on platforms like Facebook and Instagram, enhancing training efficiency and facilitating inference tasks.
The second-generation MTIA, codenamed 'Artemis,' is crafted to balance computing power, memory bandwidth, and memory capacity effectively.
Is Meta still a leader in AI development or have they been outshined?

Source: The Washington Post
Big Takeaway: Sam Altman is pushing for a “global coalition” to enhance AI infrastructure, engaging with leaders in the Middle East and Western countries.
Altman's discussions in the UAE focused on the private sector's support for AI infrastructure, including chips, energy, and data center capacity.
These talks are part of broader efforts to ensure the supply chain can meet the rapid advancement of AI technologies.
His initiatives aim to secure LARGE investments for AI infrastructure this still includes the $7 trillion Sam Altman looked to raise from last month.
🔎 Extra Insights
Google is making its AI-powered photo editing tools like Magic Editor, Magic Eraser, Photo Unblur, and Portrait Light available for free to all Google Photos users, getting rid of their previous paywall to Pixel devices and paid Google One subscribers.
Quora has introduced a new revenue model for creators on its Poe AI chatbot platform, allowing them to set a per-message price for their bots and earn money whenever users interact with them. This complements an existing revenue-sharing program launched in October 2023 that gives creators a cut when users subscribe to Poe's premium product.
South Korea plans to invest 9.4 trillion won ($6.94 billion) into AI development by 2027, including establishing a 1.4 trillion won fund to help domestic AI semiconductor companies.

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