🤖 Intel’s Spending $25 Billion Yearly on Chip Factories?!

Subscribe | Contact | Meet The Team

Welcome back AI enthusiasts!

In today’s AI Report:

• 🏭Intel’s Spending $25 Billion Yearly on Chip Factories?!

• 📸Stability AI’s New Stable Diffusion 3 Model

• 🦇Summarize PDFs With Adobe Acrobat

• 🛠5 Trending Tools

• 💰Venture Capital Updates

• 💼Who’s Hiring?

Read Time: 3 minutes

🗞RECENT NEWS

INTEL

🏭Intel’s Spending $25 Billion Yearly on Chip Factories?!

OpenAI CEO Sam Altman and Intel CEO Pat Gelsinger held a fireside chat in Silicon Valley, defending big spending on AI.

Key Details:

• Gelsinger recently launched Intel Foundry, a semiconductor manufacturing service designed for the AI era to provide essential products and technologies to businesses.

• Intel struck a $15 billion deal with Microsoft to design chips using Intel’s Foundry service and Intel’s 18A chip manufacturing process.

• Gelsinger is also spending $25 billion a year on new chip factories to take advantage of the U.S. CHIPS and Science Act, which offers subsidies and tax breaks, and to rebuild the technology supply chain.

• Altman added, “You know, stocks go up and down. Whatever. Over the next several decades, those squiggles will even out.”

• Altman expressed how investors and individuals continue to ask what the long-term strategy for AI is. He explained, “I remember when the iPhone first came out. Everybody was like, ‘What’s your mobile strategy?’ Then, people stopped asking because it would be crazy” not to have something function correctly on the iPhone.

• Gelsinger refers to this process as “miraculous to mundane.” He believes breakthrough technologies tend to integrate rapidly into daily life within a few years.

Why It’s Important:

• Rival chipmaker Nvidia’s quarterly report showed revenue growth of 265% to $22 billion, signaling the accelerated demand for chips designed to power AI applications.

• Altman has noticed that individuals have shifted from asking if conversational chatbots are possible to wanting AI models to get smarter within months.

🩺 PULSE CHECK

STABILITY AI

📸Stability AI’s New Stable Diffusion 3 Model

Stability AI announced Stable Diffusion 3 (SD3), the company’s latest and most capable image generation model, with improved image quality and the ability to comprehend multi-subject prompts.

Key Details:

• SD3 leverages an updated “diffusion transformer,” a neural network architecture that identifies the underlying structures and relationships within data while interpreting the context.

• The image generation model also uses “flow matching” to identify pre-defined paths to structure data.

• These processes avoid expensive simulators and allow for faster and more efficient training.

• The SD3 suite of models currently ranges from 800 million to 8 billion parameters to democratize access across various hardware.

• Join the early preview to explore the model’s capabilities and provide valuable feedback.

Why It’s Important:

• The company put safety and integrity at the forefront of the announcement: “By continually collaborating with researchers, experts, and our community, we expect to innovate further with integrity.”

• Stability AI conveys they are different from other market offerings by emphasizing the responsible steps they take to prevent the misuse of SD3 by bad actors.

AI TIPS

🦇Summarize PDFs With Adobe Acrobat

Adobe Acrobat released an AI assistant that analyzes and summarizes PDF documents. This tool streamlines access to relevant information, helping you save valuable time.

Here’s How You Can Use It:

1. Sign up for a free trial of Adobe Acrobat here.

2. Upload your PDF document.

3. The AI assistant will generate a brief overview of the document.

4. Then, interact with the chatbot to pose questions.

Upload lengthy papers, business outlines, or book reports to chat with the content!

🛠TRENDING TOOLS

🧠GigaBrain scans billions of Reddit discussions to find the most useful posts for you.

🍈Melon is a personal learning companion that redirects your digital habits toward becoming a better thinker.

🐮Moosend refines subject lines to boost open rates.

🪐Scispace enhances the research process for academic papers.

📓Sembly generates meeting notes sent automatically to your favorite apps.

🔮Browse our always Up-To-Date AI Tools Database.

💰VENTURE CAPITAL UPDATES

• China’s Moonshot AI zooms to a $2.5B valuation, raising $1B for an LLM focused on extended context.

• Qloo raises $25M to predict your favorite movies and TV shows.

• VC Firm’s new $260M fund taps AI to identify biotechs poised for success.

💼WHO’S HIRING?

• BillTrust (Remote): Software Engineering Intern, Summer 2024

• SpotFreight (Tampa, FL): Software Development Intern, Summer 2024

• Skyworks (Irvine, CA): Machine Learning Intern Co-op, Summer/Fall 2024

• Anthropic (San Francisco, CA): Research Engineer, Alignment Science

• Shield AI (Dallas, TX): Systems Engineer

🤖PROMPT OF THE DAY

BRAND IDENTITY

👷‍♀️Generate Brand Names

Give me 10 business names for [Business] that rhyme with [Word].

Business = [Insert Here]

Word = [Insert Here]

📒FINAL NOTE

If you found this useful, follow us on Twitter or provide honest feedback below. It helps us improve our content.

How was today’s newsletter?

• ⭐️⭐️⭐️⭐️⭐️Nailed it!

• ⭐️⭐️⭐️Average

• ⭐️Epic fail.

❤️AI Pulse Review of The Day

🎁NOTION TEMPLATES

🚨Subscribe to our newsletter for free and receive these powerful Notion templates:

• ⚙️150 ChatGPT prompts for Copywriting

• ⚙️325 ChatGPT prompts for Email Marketing

• 📆Simple Project Management Board

• ⏱Time Tracker