ChatGPT, an AI tech user, discusses the water usage of ChatGPT. Other topics include the Instacart IPO, Meta's plan for a new AI system, Roblox's AI chatbot, and Apple's efforts to develop their own modem.
Instacart plans to raise up to $660 million in its IPO at a valuation of $7.73 billion, a significant drop from its previous valuation of $39 billion.
Meta, previously Facebook, is developing a new large language model (LLM) trained on its own user-generated content.
Deep dives
Instacart IPO valuation takes a significant haircut
Instacart plans to raise up to $660 million in its IPO at a valuation of $7.73 billion, a significant drop from its previous valuation of $39 billion. Cornerstone investors have agreed to buy up to $400 million worth of shares in the offering, potentially recouping some of the loss by hoping shares appreciate in the capital markets.
Meta plans to train LLM on its own content
Meta, previously Facebook, is developing a new large language model (LLM) trained on its own user-generated content. The company aims for the model to be comparable to OpenAI's GPT-4. Meta expects to start training the new LLM, which is geared towards producing human-like expressions, in early 2024 on its own infrastructure.
Roblox introduces conversational AI assistant
Roblox has unveiled the Roblox Assistant, a conversational AI assistant for creators on the platform. The assistant allows creators to type prompts, generating virtual environments and assisting with coding. While the tool is scheduled to launch at the end of 2023 or early next year, Roblox has plans to expand its capabilities to generate sophisticated gameplay and create 3D models from scratch.
The Instacart IPO is coming with a helluva haircut. Meta is planning a big new LLM trained on its own stuff. Some eye-watering details on how much water ChatGPT uses. If you don’t do that AI tech, that doesn’t mean someone else won’t. And what tomorrow’s iPhone event says as about Apple’s high-end strategy.