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Daily Digest #297

Hello folks, here’s what we have today;

PICKS

  1. I wrote about GPT4-Vision! If AI can now see, then what are the business ideas, opportunities and use cases around this new capability? “From pixels to possibilities: AI Vision”.

  2. Meta has released another batch of language translation models. The Seamless speech-to-speech models keep the way we speak intact when translating what we speak. Also, you don’t have to wait for the translations until you finish speaking, the speech output is almost real-time to speaking.🍿Our Summary (also below)

  3. Open AI gives employees more time to cash out their shares - OpenAI is moving forward with the tender offer for employees to sell shares in a deal valuing OpenAI at $86 billion. The tender offer timeline has been extended by a month to January 5th due to recent turmoil.🍿Our Summary (also below)

TOP TOOLS

  • Project E ink - Transforms tech stories from hacker news into art.

  • Like History - View the like history of a project on HuggingFace.

  • Founder's Friend - Talk through the problems you can't discuss with investors or employees.

  • Whisper Zero by Gladia - A complete rework of Whisper ASR to eliminate hallucinations.

  • aiPDF - Get instant answers from your PDFs, with detailed references.

NEWS
QUICK BITES

Meta has released another batch of language translation models. These ones keep the way we speak intact when translating what we speak. Also, you don’t have to wait for the translations until you finish speaking, the speech output is almost real-time to speaking.

What is going on here?

Meta has released their “seamless” suite of language translation models.

What does this mean?

These are four models:

  • SeamlessM4T v2 - The foundational model that Meta released in August.

  • SeamlessExpressive - A model for preserving expression in speech-to-speech translation.

  • SeamlessStreaming - A streaming translation model for state-of-the-art results with around two seconds of latency.

  • Seamless - SeamlessExpressive, SeamlessStreaming and SeamlessM4T v2 into one model.

SeamlessExpressive currently keeps speech rate, pauses for rhythm, emotion and style in speech-to-speech translation between English, Spanish, German, French, Italian, and Chinese. SeamlessStreaming translates while the speaker is still talking.

You can try the models on HuggingFace and the models are open-source for non-commercial use.

Why should I care?

Imagine video calls on Instagram with the seamless models. You could chat with anyone in the world without English being the qualifying barrier.

Another part worth noticing is you can build algorithms to enhance base models. For example, Seamless streaming has an algorithm to decide when to keep listening and when to start translating to deal with the different sentence structure in different languages.

QUICK BITES

OpenAI is moving forward with the tender offer after briefly putting it on hold when CEO Sam Altman was briefly ousted, and then reinstated. This means employees can sell shares in a deal valuing OpenAI at $86 billion. The tender offer timeline has been extended by a month to January 5th due to recent turmoil.

What is going on here?

OpenAI’s tender offer is being extended to give employees more time.

What does this mean?

By proceeding with the tender offer, OpenAI is sticking to its plan despite the leadership turmoil. Some investors had dropped out when Altman was fired, but there's now enough demand to cover the deal. OpenAI sees enough interest to cash out employees at an eye-popping $86 billion valuation. The extension gives employees more time to opt in after the chaos. Essentially, early employees can unlock the value of their equity.

Why should I care?

The tender offer signals that OpenAI has stabilized after its leadership crisis and remains on track to go public eventually. The soaring valuation cements its status as a hugely valuable AI leader. Safe to say that despite the speed bumps, investor interest in OpenAI is still through the roof.

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