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Top AiNews.com Headlines for Monday July 22nd

Apple's New AI Models Beat Mistral and Hugging Face

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Today’s Headlines:

  • Apple's New AI Models Beat Mistral and Hugging Face - As excitement builds around the new GPT-4o-mini, Apple has expanded its lineup of small models. Recently, the Apple research team, part of the DataComp for Language Models project, unveiled a family of open DCLM models on Hugging Face.

  • Nvidia Develops New AI Chip for China Amid U.S. Export Controls - Nvidia is developing a version of its new flagship AI chips for the Chinese market, designed to comply with current U.S. export controls, according to four sources familiar with the matter. The new processors feature 2 silicon squares, each the size of the company's previous offerings. Within this series, the B200 chip is 30 times faster than its predecessor in tasks like responding to chatbot queries.

  • Cohere Secures $500M to Compete with Leading Generative AI Startups - Cohere has secured $500 million in new funding from investors including Cisco, AMD, and Fujitsu. This latest round, values the Toronto-based company at $5.5 billion. This valuation more than doubles Cohere’s worth from last June when it raised $270 million and brings its total funding to $970 million.

  • Academic Authors Shocked by Taylor & Francis AI Deal with Microsoft - Academic authors have expressed shock after learning that Taylor & Francis, the publisher owning Routledge, has sold access to their research as part of an AI partnership with Microsoft. This deal, worth nearly £8 million ($10 million) in its first year, was disclosed in a trading update by the publisher’s parent company in May.

  • NIST Announces $70M Funding for AI-Focused Manufacturing USA Institute - The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) is launching a competition for a new Manufacturing USA institute that will leverage artificial intelligence (AI) to enhance the resilience of U.S. manufacturers. Manufacturing USA is a network of institutes focused on tackling advanced manufacturing challenges.

  • 3 Must-Buy AI Stocks Under $200 for Long-Term Growth - Generative AI spending is expected to increase 20 times over the next decade, creating significant opportunities. Companies with strong products and competitive advantages are poised to be long-term winners. Below are three stocks that offer great potential and can be purchased with just $200.

  • Singapore Invests $74.3M in Quantum Computing & AI for Finance - The Monetary Authority of Singapore (MAS) has committed 100 million Singapore dollars ($74.36 million) to enhance the finance sector's quantum computing and artificial intelligence (AI) capabilities. This funding aims to help local financial institutions build quantum computing infrastructure and accelerate AI development and adoption.

  • Nvidia Achieves Breakthrough in GPU-Based Quantum Computing - Nvidia researchers are reporting significant progress in the quest to build a fully functional, commercially viable quantum computer using supercomputer simulations with graphical processing units (GPUs). Leveraging its extensive experience with GPUs in gaming and artificial intelligence, Nvidia is uniquely positioned to pursue quantum computing research via supercomputer simulations.

  • TSMC Becomes First Asian Company to Reach $1 Trillion Market Cap - On June 20, Taiwan Semiconductor Manufacturing Company Limited (TSMC) became the first Asian firm to surpass a market capitalization of $1 trillion. Briefly overtaking Berkshire Hathaway, TSMC became the eighth most valuable company globally. TSMC’s growth is fueled by its extensive portfolio of tech and manufacturing giants relying on its semiconductors.

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