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Meta releases Llama 3
Spotlight: Tesla plans to sell humanoid robots in 2026
Jack Shields
July 24, 2024
Welcome back!
We have a loaded menu today. Meta is challenging OpenAI with a new open-source model and Tesla is planning to sell its humanoid robots within two years. Let’s dive in.
In today’s Daily Update:
🗞️ Meta releases Llama 3
🤖 Adobe rolls out more gen AI features in Photoshop and Illustrator
📸 Tesla will start selling humanoid robots in 2026
🚨 AI Roundup: Four quick hits
Read time: 2 minutes
TOP STORY
🗞️ Meta releases Llama 3
DALL-E 3
Meta just released its largest open-source large language model to date. Llama 3.1 405B is a free 405 billion parameter model that rivals industry-leading paid models.
What you should know:
Llama 3 supports eight different languages, and boasts advanced capabilities in general knowledge, math and coding.
The model is generally on par with top commercial models according to benchmark testing.
Llama 3’s 128k context window allows it to process roughly 100,000 words or 300 pages in a single interaction.
Meta says Llama 3, like its other open-source models, is available for developers to fully customize for their needs and applications.
Why it matters: Llama 3’s benchmarks are impressive given its size. For comparison, OpenAI’s GPT-4 is reported to have 1 trillion parameters. This makes Llama 3 a cost-effective option for developers looking to build AI models with real-world applications.
AI TOOLS OF THE DAY
🤖 Adobe rolls out more gen AI features in Photoshop and Illustrator
Source: Adobe
Adobe is rolling out new generative AI features in Photoshop and Illustrator to help speed up creative workflows.
Key points:
Illustrator is adding Adobe’s latest Firefly Vector Model, which will power new features like Generative Shape Fill, improved Text to Pattern and Style Reference.
These features allow users to quickly generate and edit vector graphics in their own unique style.
Adobe’s Firefly 3 Image Model is coming to Photoshop, allowing users to generate images in-app.
Generative Fill in Photoshop will also be upgraded with enhanced details for large images.
Why it matters: Adobe has faced criticism from creative professionals who believe AI-powered design features will reduce job opportunities for humans. Regardless of your stance, creating compelling designs is more accessible than ever because of Adobe Firefly. Click here to read the full list of new features.
BUSINESS SPOTLIGHT
📸 Tesla will start selling humanoid robots in 2026
Source: Tesla
Tesla CEO Elon Musk says the company will begin producing and using its Optimus humanoid robots next year. It will start making them to sell in 2026.
The details:
Tesla reports that Optimus is already performing tasks autonomously at one of its facilities.
Musk says his company will have “genuinely useful humanoid robots in low production for Tesla internal use next year.”
The billionaire is eyeing “high production for other companies” by 2026.
Musk boldly estimates that the long-term demand for general purpose humanoid robots will exceed 20 billion units.
Reality check: Despite impressive demo videos, there’s a lot of progress that needs to be made to reach truly useful general-purpose robots. This includes integrating advanced language models into autonomous robots, allowing them to reason and learn like humans at a basic level. All of this goes to say that, like other Musk products, Optimus is fairly likely to experience a delay.
MORE TRENDING NEWS
🚨 AI Roundup: Four quick hits
DALL-E 3
Google parent company reports 29% profit increase in Q2 as AI efforts begin to pay off.
Mark Zuckerberg says content creators will eventually have personal AI agents work on their behalf.
OpenAI-backed legal tech startup raises $100 million at $1.5 valuation.
Shanghai Tech University develops “CLAY” model that can generate detailed 3D objects from text and images.
THAT’S A WRAP