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JOB BOARD | PRO | PODCAST | TOOLS | ACCREDITATIONS
Welcome to AI Tool Report!
Thursday’s top story: Meta reveals its second-generation AI chip (MTIA) that’s 3x faster than its predecessor.
🌤️ This Morning on AI Tool Report
⏫ Meta reveals AI chip (3x faster than before)
🚸 Texas replaces humans with AI to mark exams
🪖 Microsoft pitch DALL-E to the US Military
🎞️ Google AI to make ads for Coca-Cola
Read Time: 5 minutes
FINANCE
AI CHIPS
⏫ Meta reveals AI chip (3x faster than before)
Our Report: Meta has announced the latest version of its next-gen, custom AI chip—previously called Artemis, currently called Meta Training and Inference Accelerator (MTIA)—which took less than nine months to develop and is 3x faster than its predecessor.
🔑 Key Points:
MTIA v2 will power Meta’s ranking and recommendation ad models on Facebook and Instagram, and will help train the models more effectively and efficiently.
MTIA was built on Taiwan Semiconductor Manufacturing Company's (TSMC’s) tech and is reportedly performing 3x better than the first-gen chip, MTIA v1.
Meta—who is expected to spend $18B on AI chips by the end of 2024— states that MTIA v2 "more than doubles the compute and memory bandwidth of our previous chip."
🤨 Why you should care: Although Meta built this chip to “reduce its reliance” on AI chip market leader, NVIDIA, it’s confirmed that although "there's a need for these chips," they may not be able to "keep up with the advancements expected from the likes of NVIDIA.'
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EDUCATION
🚸 Texas replaces humans with AI to mark exams
The Texas Education Agency (TEA) is testing an AI-powered scoring system to grade the State of Texas Assessments of Academic Readiness (STAAR) exams.
As a result of this test, the education agency plans to hire around 2,000 graders (vs the 6,000 graders they hired last year), which will save them $15–20M p/y.
The AI system was trained on 3,000 exam responses, but to ensure accuracy, answers that confuse it (eg. if they include slang), and 1/4 of AI-graded results will be re-scored by humans.
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MILITARY
🪖 Microsoft pitch DALL-E to the US Military
Microsoft has pitched OpenAI’s text-to-image model (DALL-E) to the US Department of Defense (DoD) to train battle systems and help military leaders identify targets.
Although Microsoft hasn’t sold any tools to the DoD yet, the Pentagon has a mission to “accelerate the adoption of data, analytics, and AI across the DoD.”
This comes after OpenAI (backed by Microsoft) removed a line from its policy which prohibited its tools for “military and warfare”, and began working with the DoD, days later.
ADVERTISING
🎞️ Google AI to make ads for Coca-Cola
Google and the WPP ad group (which makes ads for Coca-Cola, L’Oréal, and Nestlé) have signed an agreement to integrate Google’s Gemini into WPP’s ad operations.
WPP will combine Gemini with its AI platform (currently used to create, test, and optimize ad campaigns for clients), to boost its advertising effectiveness.
This collaboration will enable WPP’s clients to gain deeper insights into their audiences, predict content effectiveness, and continuously optimize ad campaigns.
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Until next time, Martin & Liam.
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