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  </p>
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      <p>
        Paris-based AI startup Mistral AI has introduced a new large language model (LLM) named Mistral Large. The model aims to compete against others, such as GPT-4 and Claude 2.
      </p>
    </li>
    <li>
      <p>
        Mistral Large is designed with reasoning capabilities and supports English, French, Spanish, German, and Italian languages. Mistral AI proposes a context window of 32,000 tokens, which represents more than 20,000 words in English.
      </p>
    </li>
    <li>
      <p>
        Mistral Large can be accessed via paid API at the cost of USD 8 per million input tokens and USD 24 per million output tokens.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://mistral.ai/news/mistral-large/">
      Company blog
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2024/02/26/mistral-ai-releases-new-model-to-rival-gpt-4-and-its-own-chat-assistant/">
      TechCrunch
    </a>
  </p>
  <p>
  </p>
</div>


Foundation Models

PROMINENT_CATEGORY

<div>
 
 <p>Paris-based AI startup Mistral AI has unveiled its new large language model (LLM) called Mistral Large. The contesting model aims to provide stiff competition to models such as GPT-4 and Claude 2.</p>
 <p>Mistral Large is built with reasoning abilities and has support for multiple languages including English, French, Spanish, German, and Italian. The model offers a context window of 32,000 tokens, equivalent to over 20,000 words in English language.</p>
 <p>The access to Mistral Large is available through a paid API. The cost is structured at USD 8 per million input tokens and USD 24 per million output tokens.</p>
 
</div>

Mistral AI launches new LLM 'Mistral Large'

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

<div>
 
 <p>CoreWeave has finalized a debt financing deal worth USD 7.5 billion with the majority of the funding managed by Blackstone. Other contributors included Magnetar, who also provided strategic guidance, Coatue, and several other investors.</p>
 <p>The secured funds will be utilized to broaden the company's footprint in new data centers. Additionally, the funds will aid in the procurement of expensive GPUs to cater to the escalating need for AI and graphics processing.</p>
 
</div>

CoreWeave raises USD 7.5 billion for product development and expansion

Travel Tech

INCUMBENTS_PRESENT

<div>
 
 <p>Expedia has reported the dismissal of its chief technology officer, Rathi Murthy, and the senior vice president of core services product and engineering, Sreenivas Rachamadugu. The company is in the process of finding their replacements. </p>
 <p>The firm revealed that the reason for their termination was a breach of company policy, but did not provide further details about the specific violations.&nbsp;</p>
 
</div>

Expedia's CTO and other senior member dismissed over policy violation

Technologies bringing about a new reality

Extended Reality

ANALYST_QUICK_TAKE

<div>
 <p>Samsung introduced an OLEDoS (OLED on Silicon) screen designed for XR headsets at the Society for Information Display (SID) 2024 event. The screen is a 1.03-inch RGB OLED panel, developed by eMagin, with a pixel density of 3,500 ppi. It features a new Fine Silicon Mask (FSM) leading to a denser, more efficient pixel compared to the traditional Fine Metal Masks (FMM).</p>
</div> <p><b>Analyst QuickTake:<br>
</b> In <a href="https:<br>
//sp-edge.com/updates/18680"> May 2023 </a> , Samsung Display Solutions entered a definitive merger agreement with AR/VR display manufacturer eMagin valued at ~USD 218 million.&nbsp;Additionally, the company plans to <a href="https:<br>
//sp-edge.com/updates/27093"> debut </a> its mixed reality headset by 2025, developed in collaboration with Google and Qualcomm, which will likely feature eMagin’s displays as well.</p>

Samsung showcases OLEDoS screen for XR headsets at SID 2024 event

<div>

 <p>OpenAI's Superalignment team, handling the risks from superhuman AI, has allegedly been disbanded. The tasks of this unit are said to have been reassigned to other OpenAI's research projects under the supervision of OpenAI co-founder, John Schulman.</p>
 <p>Furthermore, Jan Leike, the head of the Superalignment department, left the company due to disagreements with OpenAI's leadership about the company's fundamental values, and insufficient computational resources dedicated to his team's critical research. He called for OpenAI to prioritize security, safety, and alignment.</p>
 
</div> <p><b>Analyst QuickTake</b> :<br>
 Several of the company's outspoken advocates for AI safety have left or been let go in the last few months. Just last week, <a href="https:<br>
//sp-edge.com/updates/29448"> Ilya Sutskever, OpenAI's co-founder and chief scientist, </a> announced his departure from the company claiming personal endeavors as the reason.</p>

OpenAI reportedly ends Superalignment unit handling superhuman AI risks

<div>
 
 <p>Following the launch of its "Icons" experiences in partnership with companies like Disney, Pixar, and Marvel, Airbnb has removed numerous individual tours and experiences from its platform. The decision is said to have been influenced by factors like the host's expertise, local relevance, uniqueness, and guest reviews and ratings. Consequently, from June 20, these listings will be removed, including all future reservations. Guests will be refunded for these cancellations.</p>
 <p>The action has raised concerns among operators about the loss of customer reviews and the potential effect on their businesses. Some industry insiders have criticised Airbnb's business strategies, advising operators against relying heavily on a single platform for income.</p>
 
</div>

Airbnb removes tourist experiences from platform after recent 'Icons' launch

Building future-ready applications in the cloud

Cloud-native Tech

<div>
 
 <p>LogicMonitor, a performance monitoring and observability platform, has launched a feature called LM Cost Optimization for its LM Envision platform. This feature is designed to help companies manage the complexities and costs of cloud infrastructures.</p>
 <p>LM Cost Optimization's purpose is to cut unnecessary expenditures and allow businesses to make informed decisions. It achieves this by integrating multi-cloud spending into one view and providing AI-driven recommendations to identify unused resources, forecast capacity alterations, and boost resource usage.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> The emergence of FinOps and the need for comprehensive cloud cost management solutions have become essential for enterprises navigating multi- and hybrid-cloud complexities. Leveraging advanced tools like LogicMonitor's LM Cost Optimization enables organizations to make data-driven decisions, optimize cloud spend, and maintain a competitive edge.</p>

LogicMonitor introduces LM cost optimization feature to Envision platform

<div>
 
 <p>The Kubernetes automation provider, Rafay Systems, has enhanced its enterprise platform to support graphics processing unit (GPU) oriented workloads. Additionally, it has launched a new AI suite easing the process of AI application generation and implementation.</p>
 <p>The revamped enterprise platform introduces remarkable features such as self-service for developers and data scientists, AI-optimized user spaces, GPU matchmaking, and GPU virtualization.</p>
 <p>The just added AI suite encompasses preconfigured LLMOps Playgrounds, hassle-free MLOps Pipeline, centralized control over LLM providers and prompts, along with integrations and governance of AI data sources.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> These enhancements will allow businesses to harness GPU resources efficiently, enabling faster data processing and the development of more complex AI models. They will also allow companies to innovate rapidly, improve decision-making, and maintain a competitive edge in the fast-paced AI industry.</p>

Rafay Systems launches AI suite and extends PaaS to support GPU workloads

Generating, collecting, and analyzing enterprise data will never be the same.

Edge Computing

<div>
 
 <p>Zenlayer, a company specializing in Edge computing data centers and infrastructure, announced the introduction of a port-based purchasing model at the International Telecoms Week conference of 2024.</p>
 <p>The innovative port-based model is designed to simplify the task of network management for IT experts. This is achieved by enabling the real-time modification of network setups. The model is part of Zenlayer’s cloud networking framework and provides direct connectivity to its global network fabric.</p>
 <p>The key offerings of this model encompass IP transit, interconnections between data centers and the public cloud, Edge computing through the use of both bare metal and virtual machines, and comprehensive layer-2 and layer-3 networking services.</p>
 
</div>

Zenlayer unveils port-based purchasing model at ITW 2024 conference

<div>
 
 <p>Flexnode, a startup specializing in modular data centers, introduced its latest Edge data center at the International Telecoms Week (ITW) 2024 conference.</p>
 <p>The uniqueness of the new data center lies in its scalable design, edge optimization, use of advanced energy-efficient components, and the implementation of innovative cooling techniques.</p>
 <p>The company assures that the new product will bring numerous advantages such as faster response times for latency-sensitive tasks, resilience to constant industry evolutions, and a strong commitment towards sustainability and efficiency.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> In February 2024, Flexnode raised USD 8.85 million in a <a href="https:<br>
//sp-edge.com/updates/27339"> seed funding round </a> led by Zacua Ventures to expand its global expansion, enhance recruitment efforts, and product development.</p>

Flexnode unveils new Edge data center at ITW 2024 conference

New insurance models are disrupting a centuries-old industry with a focus on personalization and convenience.

Neo Insurance

<div>
 <p>German digital auto and home insurer, Wefox, may face insolvency by the summer if it fails to secure the sale of multiple assets, as per Sky News. The firm is considering ceasing operations in Germany, selling part of its Polish business, and ending a Swiss joint venture. Measures to reduce losses in its Italian branch are also underway.</p>
 <p>In 2023, Wefox faced an underwriting loss of USD 40.5 million and a combined ratio of 123% which indicates financial instability.&nbsp;</p>
</div> <p><b>Analyst QuickTake:<br>
</b> Earlier this month, <a href="https:<br>
//sp-edge.com/updates/29273"> Sproutt </a> announced that it had filed for insolvency due to its inability to repay debts and meet other financial obligations. Meanwhile, digital insurance startups like <a href="https:<br>
//sp-edge.com/updates/23774"> Haven Life </a> and <a href="https:<br>
//www.covermagazine.co.uk/news/4186492/deadhappy-closes-doors-life-insurance-customers"> Dead Happy </a> have ceased operations in recent months, primarily due to challenging operating conditions and difficulties securing necessary funding.</p>

All Updates

Mistral AI launches new LLM 'Mistral Large'

CoreWeave raises USD 7.5 billion for product development and expansion

Expedia's CTO and other senior member dismissed over policy violation

Samsung showcases OLEDoS screen for XR headsets at SID 2024 event

OpenAI reportedly ends Superalignment unit handling superhuman AI risks

Airbnb removes tourist experiences from platform after recent 'Icons' launch

LogicMonitor introduces LM cost optimization feature to Envision platform

Rafay Systems launches AI suite and extends PaaS to support GPU workloads

Zenlayer unveils port-based purchasing model at ITW 2024 conference

Flexnode unveils new Edge data center at ITW 2024 conference

Wefox issues insolvency warning

Foundation Models

Mistral AI launches new LLM 'Mistral Large'

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