Happy Friday, AI enthusiasts! 🤖

Get ready for your daily infusion of AI news and insights 🔍

• 🇩🇪 Germany to Boost AI Funding in Bid to Compete with China and US

• 💰 Tech Giants Invest in Hugging Face, Valuation Reaches $4.5 Billion

• 👨‍💻 Code Llama: A Cutting-Edge Large Language Model for Coding

• 🧬 AI's Role in Biological Software Creation Explored in No Priors Podcast

🇩🇪 Germany to Boost AI Funding in Bid to Compete with China and US

• Germany has unveiled plans to nearly double its public funding for artificial intelligence (AI) research, allocating nearly a billion euros over the next two years.

• The move aims to bridge the skills gap with AI leaders like China and the United States.

• Despite the ambition, the target amount is relatively modest compared to the $3.3 billion spent by the US government on AI research in 2022, as reported by Stanford University.

💰 Tech Giants Invest in Hugging Face, Valuation Reaches $4.5 Billion

• Hugging Face, an AI startup that provides tools for AI developers to collaborate and test their work openly, recently secured a $235 million funding round.

• Notable contributors included industry giants Google, Amazon, Nvidia, Salesforce, AMD, Intel, IBM, and Qualcomm.

• The company, named after the hugging face emoji, emerged from its origins as a chatbot app for iPhones.

👨‍💻 Code Llama: A Cutting-Edge Large Language Model for Coding

• Code Llama introduces a groundbreaking Large Language Model (LLM) for generating code and natural language related to coding.

• It offers three specialized models: foundational code generation, Python specialization, and an instructive model for understanding natural language instructions.

• In benchmark tests, Code Llama outperformed publicly available LLMs in various code-related tasks.

🧬 AI's Role in Biological Software Creation Explored in No Priors Podcast

• Jakob Uszkoreit, the CEO and Co-founder of Inceptive, joins the No Priors podcast to discuss AI's role in expanding the horizons of RNA and mRNA therapeutics.

• Uszkoreit's history includes co-authoring the influential paper "Attention is All You Need" while at Google, leading Google Translate and Google Assistant teams.

• He now applies these principles to biological design, optimizing vaccine production, and more efficient drug discovery.

• The conversation touches on promising research directions and the expectation that model architectures will simplify and align with hardware advancements.

More AI news

1. Ikigai secures $25M investment to introduce generative AI to tabular data. (link)

2. Arm, the chip designer, files for IPO on the Nasdaq Exchange, expected to be one of the largest. (link)

3. South Korea's new AI suite emerges as a competitor to OpenAI. (link)

4. AI is enhancing LinkedIn's feed intelligence. (link)

Trending Tools & Resources 🛠️

1. Lilac: Open-source tool to quantify datasets for AI practitioners. (link)

2. Eightify: Extracts insights from long YouTube videos. (link)

3. Wait is that a sticker: AI-generated stickers. (link)

4. AI color: Colorizes old photos using AI. (link)

5. Alta AI: Build AI chatbots integrated with Google Drive and Slack. (link)

6. Cursor: AI-driven code editor for faster software development. (link)

7. Tweeets: Analyze and create tweets for easy Twitter use. (link)

Tweet of the day 🐦

Image of the day 🖼️

Power rengers samurai in cyberstyle

Credits to u/Paul_shirko on Reddit

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