meta Meta Releases Open Source Llama 3 Models to Challenge AI Rivals Meta introduces two new open source Llama 3 AI models with 8 billion and 70 billion parameters, outperforming several competing models on key benchmarks.
eu ai act EU Lawmakers Resume Intense AI Act Negotiations Amid Surveillance Disputes European officials resume trilogue talks on the AI Act after a 22-hour debate, aiming to finalize rules for generative AI and biometric surveillance. The proposed legislation seeks to establish a global precedent despite rapid advancements in AI technology.
hugging face Hugging Face Reaches $4.5B Valuation After Major Tech-Led Funding Round Open-source AI platform Hugging Face secures $235 million in a Series D round led by Salesforce Ventures, doubling its valuation to $4.5 billion. The investment draws heavy backing from major tech giants like Amazon, Google, and Nvidia.