Hi Gemini 👋🏻
Google's Gemini aims to outshine OpenAI's GPT-4. Are we sure? Jito's $225 million token drop. Microsoft's AI Windows on the horizon, Apple introduces MLX. Meanwhile's Bitcoin private credit fund.
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The battle of the AI giants is heating up.
Enter Google's new creation: Gemini.
Google has officially launched its latest AI model, aimed at dethroning OpenAI's GPT-4.
And its so good at mathematics.
It's a suite of AI tools that can handle text, images, audio, and video with ease.
Here's the features:
It comes in three versions – Nano, Pro, and Ultra.
Integrates text, images, audio, and video, allowing it to work across various types of data.
Gemini Ultra consistently matches or outperforms humans in benchmark tests.
Built from the ground up to understand and process various data types simultaneously - highly versatile.
Excels in converting complex problems across different data types (say - physics into math).
Achieves over 90% accuracy in multimodal language understanding benchmarks.
Gemini Nano is efficiency-focused, excelling in summarisation, comprehension, and reasoning.
Integrated into Google's Bard for an improved chatbot experience.
Generates high-quality code using AlphaCode 2.
Google's Ambitions
Gemini is not limited to chatbots:
Making its way to Google's flagship phone, the Pixel 8 Pro.
It will expand reach across Google products and services: Search, Ads, and Chrome.
Will be rolled out in over 170 languages.
Plans to transform Search into a generative user experience.
While the initial results are promising, further real-world testing is needed to assess its practical performance and applications.
Coming Soon to a Chatbot Near You
You won't have to wait long to experience Gemini for yourself.
A tuned-up version of Gemini Pro is available today with Bard, and Gemini Ultra is set to debut next year in Google's chatbot, Bard Advanced.
The Showdown
Google says that Gemini outperforms OpenAI's GPT-4.
To back up its claims, Google conducted several benchmark tests comparing Gemini to GPT-4.
In these assessments, the Gemini Ultra version achieved "state-of-the-art performance" in 30 out of 32 academic benchmarks typically used in the development of large language models.
Gemini's inherent multimodal capability sets it apart from models like GPT-4, which rely on external plugins and integrations to achieve multimodality.
But, the online community remains skeptical. Like always.
Was it overhyped and misleading?
Outdated comparison?
TTD Numbers 🔢
$225 million
Jito, a Solana-based liquid staking protocol, just dropped a $225 million worth of tokens on Solana users.
Debut price tag: $6.01, (CoinGecko) valuing the 90 million tokens set for the airdrop at $540.9 million.
Shortly after the launch, the JTO token experienced a dramatic 58% drop, falling to $2.50.
Solana DeFi users wasted no time and claimed over 54 million JTO tokens out of the 90 million available in the airdrop.
Eligible Participants: JitoSOL holders, Solana validators running Jito MEV clients, and users of Jito’s MEV services.
Some whales in the Solana ecosystem expressed dissatisfaction, feeling that the airdrop didn't proportionally reward those who conducted substantial transactions on Jito.
Read this thread ⤵️
About Jito
JTO tokens are for governance, allowing users to participate in decision-making for the platform's DAO.
Enables users to stake their SOL in exchange for JitoSOL tokens, which can be traded or used as collateral.
Jito, along with the Marinade protocol, is considered one of Solana's primary liquid staking providers.
Approximately $455 million each in Total Value Locked (TVL), according to DeFiLlama.
TTD AI📍
Microsoft 👨🏻💻
Microsoft is rumoured to be working on an AI edition of Windows for its 2024 release.
The update, code-named "Hudson Valley," is expected to be based on a new platform called "Germanium" and may include:
An AI-powered Windows shell.
An advanced Copilot for improved search.
Workflow optimisation.
The new version of Windows will require a minimum of 8GB of RAM and is expected to leverage neural processing units (NPUs) for more efficient AI tasks.
Apple 🍎
Apple has unveiled MLX, an open-source framework designed for machine learning on its M-series CPUs.
The framework aims to address compatibility and performance issues associated with Apple's unique architecture and software, allowing for a more streamlined process for training and deploying AI learning models on Apple devices.
MLX features a unified memory model, enabling operations across supported device types without data duplication.
Reebok 👟
Reebok, owned by Adidas, has partnered with crypto tech startup Futureverse to develop AI- and blockchain-backed games and digital experiences.
Reebok plans to create immersive virtual gaming experiences that incorporate AI technology and on-chain digital wearables.
The first project, called "Reebok Impact," will be a mind and heart-bending digital shoe experience that demonstrates the importance of what you do while wearing the shoes.
Where’s ETF?🚨
The US SEC is reportedly working with asset managers to finalise the details for spot bitcoin ETFs, according to a Reuters report👇
TTD Alman 👀
Meanwhile, Advisors, a crypto startup backed by Sam Altman, is seeking to raise $100 million for its bitcoin private credit fund.
The fund, called Meanwhile BTC Private Credit Fund LP, aims to provide institutional investors with access to bitcoin.
Fund Highlights
Yield in Bitcoin: The fund offers a 5% yield denominated in Bitcoin to institutional investors.
Lending in BTC: It will lend funds in Bitcoin to institutional counterparties at the discretion of the fund managers.
Investment in USD: Participants will invest in US dollars, which will be converted into Bitcoin when the fund closes.
Funds will be loaned in Bitcoin.
Fees for the fund will be charged in Bitcoin.
The fundraising is expected to close by the end of the first quarter of 2024.
Meanwhile Group, which includes Meanwhile Advisors, has received backing from notable figures like Sam Altman, Lachy Groom, and organisations like Gradient Ventures.
TTD Meta ♾️
Meta is rolling out a series of AI-powered enhancements across its suite of apps, including Facebook, Instagram, Messenger, and WhatsApp.
Why?
To improve search capabilities.
Improve social media interactions.
Enhance business communications.
Meta has launched "Imagine" - a standalone image generator that can create a wide range of images.
Meta AI has been upgraded
Meta AI now offers more detailed responses on mobile devices, ensuring a seamless user experience.
Users can expect more accurate summaries of search results, making information retrieval more efficient.
Meta AI incorporates long-term memory, addressing the challenge of information loss during extended interactions.
Multi-round Automatic Red-Teaming (MART) enables Meta to detect offensive, fraudulent, or harmful content by having adversarial models compete and evolve.
Over 20 New AI-Driven Features
Smart messaging
AI-generated suggested replies in direct messages.
Personalised greetings, adding a personal touch to user interactions.
AI improves content suggestions and editing.
Also, say hi to the Purple Llama:
TTD Surfer 🏄
Terraform Labs co-founder Do Kwon will be extradited to the U.S. from Montenegro.
Trading platform Robinhood is launching its crypto app in the European Union (EU) and introducing a Bitcoin rewards program.
El Salvador and Tether launch "Adopting El Salvador Freedom Visa Program," to attract visionary investors and drive socio-economic growth.
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