News Roundup 16

Created on June 12|Last edited on June 12
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Mistral AI Raises $640M to Challenge AI Giants
Paris-based Mistral AI secures $640M in Series B funding to expand its AI capabilities, aiming to compete with industry leaders like OpenAI and Meta.
﻿https://wandb.ai/byyoung3/ml-news/reports/Mistral-AI-Secures-640M-in-Series-B-Funding-Aims-to-Rival-AI-Giants--Vmlldzo4MzEwODY2﻿
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New Paper Introduces Efficient MatMul-Free Language Models
Researchers propose a language model eliminating costly matrix multiplication, using ternary weights and element-wise operations to significantly reduce computational and memory costs
﻿https://wandb.ai/byyoung3/ml-news/reports/MatMul-Free-LLMs---Vmlldzo4MzEwNDc1﻿
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Apple Unveils 'Apple Intelligence' 
At WWDC 2024, Apple introduced 'Apple Intelligence' in iOS, iPadOS, and macOS, featuring advanced generative models for enhanced user experiences and privacy-focused AI capabilities.
﻿https://wandb.ai/byyoung3/ml-news/reports/An-Overview-of-Apple-s-LLM-Stack--Vmlldzo4Mjk1OTU0﻿
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OpenAI Expands Azure AI Platform with Oracle
OpenAI partners with Oracle to extend the Azure AI platform using Oracle Cloud Infrastructure, enhancing capacity and scaling AI services for over 100 million users.
﻿https://www.oracle.com/news/announcement/openai-selects-oracle-cloud-infrastructure-to-extend-microsoft-azure-ai-platform-2024-06-11/﻿
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