Nvidia's Valuation | OpenAI launches ChatGPT Enterprise

Worktual AI Bulletin31st August 2023

 AI systems are able to provide personalised and relevant responses via chat

Nvidia's recent valuation has surged past the monumental $1tn mark, driven by Q2 revenues that exceeded expectations. In a groundbreaking medical study, AI, notably ChatGPT, has outperformed human physicians in both accuracy and empathy. Shutterstock is harnessing the power of NVIDIA Picasso to provide artists with AI-generated 360-degree HDRi maps, revolutionising the creative process. Meta, has unveiled 'Code Llama,' a specialised open-source generative AI tool designed for programming across multiple languages. Lastly, OpenAI has also made waves with the introduction of ChatGPT Enterprise, catering to businesses with enhanced capabilities and extended accessibility.

Key takeaways

  • Nvidia's valuation surpasses $1tn milestone as Q2 revenue soars above expectations.
  • AI, including ChatGPT, surpasses human physicians in accuracy and empathy in recent medical study.
  • Shutterstock utilises NVIDIA Picasso to empower artists with AI-generated 360-degree HDRi maps.
  • Meta debuts 'Code Llama,' a specialised generative AI model for programming across various languages and open source for commercial use.
  • OpenAI introduces ChatGPT Enterprise offering enhanced capabilities and expanded access for businesses.

Nvidia's valuation surpasses $1tn milestone as Q2 revenue soars above expectations

Nvidia has exceeded second-quarter revenue expectations, reporting $13.5bn, over $2bn more than analysts' $11.2bn forecast. This remarkable performance is attributed to the surging demand for Nvidia's computer chips, which are essential for artificial intelligence (AI) systems. The company has been riding the wave of enthusiasm surrounding generative AI and is uniquely positioned to benefit from it. Established over 30 years ago, Nvidia is now valued at more than $1tn, a historic achievement for a chipmaker. Their chips play a pivotal role in powering the majority of the world's leading AI applications, including ChatGPT, solidifying Nvidia's position as a major player in the AI industry

AI, including ChatGPT, surpasses human physicians in accuracy and empathy in recent medical study

Generative artificial intelligence has made significant strides in medicine, as demonstrated by a recent study in the Journal of the American Medical Association. This study found that 80% of AI-generated responses were deemed more nuanced, accurate, and detailed compared to those from physicians. What was particularly remarkable was ChatGPT's ability to exhibit empathy in its responses, with 45% of AI answers being labelled as 'empathetic' or 'very empathetic,' in contrast to less than 5% of doctor responses, marking a noteworthy advancement in the field of AI-powered healthcare.

Shutterstock utilises NVIDIA Picasso to empower artists with AI-generated 360-degree HDRi maps

Shutterstock is leveraging the power of NVIDIA Picasso, a cloud-based foundry for developing generative AI models for visual design, to revolutionise the creative process. With Picasso's latest feature, artists and designers can effortlessly enhance and illuminate 3D scenes using simple text or image prompts. This innovation allows for the rapid generation of custom 360-degree, 8K-resolution, high-dynamic-range imaging (HDRi) environment maps, eliminating the need for expensive 360-degree cameras or predefined options. By merely providing a prompt, be it text or a reference image, users can access the 360 HDRi services on Picasso to swiftly generate panoramic images. Moreover, generative AI ensures seamless integration of the custom environment map with the background image, enabling users to fine-tune their creations until they achieve their desired vision.

Meta debuts 'Code Llama,' a specialised generative AI model for programming across various languages and open source for commercial use

As anticipated, Meta Platforms, formerly Facebook, has introduced Code Llama, a specialised generative AI language model tailored for programming. Like its versatile counterpart, LLaMA 2, Code LlaMA is open source and available for commercial usage. This code-centric iteration of LLaMA 2 serves a range of programming purposes, including code generation, code completion, developer note and documentation creation, and debugging support. Impressively, it extends its capabilities to multiple programming languages, encompassing Python, C++, Java, PHP, Typescript (Javascript), C#, and Bash, making it a valuable tool for developers across various domains.

OpenAI introduces ChatGPT Enterprise offering enhanced capabilities and expanded access for businesses

OpenAI’s new offering ChatGPT Enterprise is designed to meet the needs of businesses seeking advanced and reliable AI capabilities. Its key appeal lies in its upgraded features, prominently the remarkable 32,000-token context window. This enhancement empowers ChatGPT Enterprise to handle lengthy texts and extended conversations, facilitating nuanced and thorough exchanges. Perhaps the most noteworthy advancement is the removal of usage restrictions. Enterprise users can now benefit from unrestricted access to GPT-4 queries, delivered at accelerated speeds. This marks a significant step forward, ushering in an era of seamless interactions and swift data analysis.

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