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  • 🤖 Microsoft’s New Tech-Labor Partnership

🤖 Microsoft’s New Tech-Labor Partnership

PLUS: Mistral Pushes the Frontier of Open Models

Welcome back AI enthusiasts!

In today’s AI Report:

  • 🤝Microsoft’s New Tech-Labor Partnership

  • ⚙️Mistral Pushes the Frontier of Open Models

  • 🛠5 Trending Tools

  • 💰Venture Capital Updates

  • 💼Who’s Hiring?

Read Time: 3 minutes

🗞RECENT NEWS

MICROSOFT

🤝Microsoft’s New Tech-Labor Partnership

Image Source: Lucy Nicholson/REUTERS

Microsoft and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) announced a partnership to ensure workers’ voices are heard when developing and implementing AI systems.

Key Details:
  • This agreement states that Microsoft will remain neutral in efforts by unions to encourage workers to become members.

  • The neutrality framework confirms the joint commitment to respect the right of employees to form or join unions and enhances labor-management relationships.

  • Microsoft President Brad Smith stated the “neutrality agreement provides a high level of commitment and clarity as to how we’ll work with the AFL-CIO if we have employees pursuing the formation of a union.”

Why It’s Important:
  • This partnership allows collective bargaining agreements to support workers in an era of rapid technological change.

  • Microsoft will provide learning opportunities for workers and students on AI software and implement direct feedback from labor leaders.

MISTRAL

⚙️Mistral Pushes the Frontier of Open Models

Image Source: Nathan Laine/Bloomberg

French startup Mistral launched Mixtral, an open-source AI model combining the predictions of multiple “expert” systems specialized in specific portions of data.

Key Details:
  • The venture secured a mind-blowing $415M Series A round, valuing the company at $2B.

  • Mixtral outperforms Meta’s Llama 2 and OpenAI’s GPT-3.5 on most benchmarks while operating 6X faster.

  • Mixtral is a sparse mixture-of-experts network decoder-only model. In simple terms, a feedforward block (i.e., pathway within a control system) selects from a set of 8 “experts” to process a prompt multiple times and generate a text response.

Why It’s Important:
  • Mixtral increases parameters while controlling cost and latency. So, this AI model functions at higher performance levels with fewer hallucinations at a fraction of the cost.

  • Compared to Meta’s Llama 2, Mixtral is 23.7% more truthful and displays less bias on the BBQ benchmark.

🩺 PULSE CHECK

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🛠TRENDING TOOLS

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💰VENTURE CAPITAL UPDATES

  • SumUp taps $307M in growth funding to weather the fintech storm.

  • Mine digs up $30M for its no-code approach to vetting data privacy.

  • Durable secures $14M to build bots for small businesses in service industries.

💼WHO’S HIRING?

  • OpenAI (San Francisco, CA): Media Relations, API Communications

  • Lucid (Seattle, WA): Customer Operations Intern, Summer 2024

  • Schonfeld (New York, NY): Quantitative Research Intern, Summer 2024

🤖PROMPT OF THE DAY

COLD-CALLING

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📒FINAL NOTE

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