Databricks claims DBRX sets ‘a new standard’ for open-source LLMs

Databricks has announced the launch of DBRX, a powerful new open-source large language model that it claims sets a new bar for open models by outperforming established options like GPT-3.5 on industry benchmarks.  The company says the 132 billion parameter DBRX model surpasses popular open-source LLMs like LLaMA 2 70B, Mixtral, and Grok-1 across language … Read more

Large language models could ‘revolutionsise the finance sector within two years’ – AI News

Large Language Models (LLMs) have the potential to improve efficiency and safety in the finance sector by detecting fraud, generating financial insights and automating customer service, according to research by The Alan Turing Institute. Because LLMs have an ability to analyse large amounts of data quickly and generate coherent text, there is growing understanding of … Read more

STFC Hartree Centre signs agreement with Lenovo for state-of-the-art supercomputer – AI News

The Science and Technology Facilities Council (STFC), a UK government agency that carries out research in science and engineering, has signed an agreement with Lenovo for the installation of a powerful new supercomputer for the STFC Hartree Centre. Ten times more powerful than its predecessor, but using less electricity thanks to Lenovo’s direct water cooling, … Read more

Stanhope raises £2.3m for AI that teaches machines to ‘make human-like decisions’ – AI News

A pile of Sterling notes.

Stanhope AI – a company applying decades of neuroscience research to teach machines how to make human-like decisions in the real world – has raised £2.3m in seed funding led by the UCL Technology Fund. Creator Fund also participated, along with, MMC Ventures, Moonfire Ventures and Rockmount Capital and leading angel investors.  Stanhope AI was … Read more

UN passes first global AI resolution

The UN General Assembly has adopted a landmark resolution on AI, aiming to promote the safe and ethical development of AI technologies worldwide. The resolution, co-sponsored by over 120 countries, was adopted unanimously by all 193 UN member states on 21 March. This marks the first time the UN has established global standards and guidelines … Read more