🎨 FREE AI image model outperforms Midjourney

Also: NVIDIA Unveils Compact Language Model

Author

Evolving AI
August 23, 2024

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Welcome, AI enthusiasts

Ideogram’s 2.0 release is making waves, offering better AI-generated images than competitors like Midjourney and DALL-E—and it’s free. NVIDIA's Mistral-NeMo-Minitron 8B model is also standing out with high accuracy and efficiency. Plus, learn how Salesforce is using AI assistants to boost sales team productivity and improve customer experiences. Let’s dive in!

In today’s insights:

  • Free image generator outperforms Midjourney and DALL-E

  • NVIDIA Unveils Compact Language Model

  • Salesforce unveils AI agents for sales teams

Read time: 4 minutes

🗞️ LATEST DEVELOPMENTS

Evolving AI: Ideogram's 2.0 release sets a new standard for AI-generated images, outshining industry leaders Midjourney and DALL-E in quality and cost-effectiveness.

Key Points:

  • Ideogram 2.0 introduces five distinct image styles, enhancing realism and design capabilities.

  • The new release includes an iOS app and a beta API for developers.

  • Users can try Ideogram for free, with subscription plans offering premium features.

Details:

Ideogram has unveiled its version 2.0 AI image generator, designed to outperform existing systems like Midjourney and DALL-E 3. This update introduces five new styles—General, Realistic, Design, 3D, and Anime—each catering to different visual needs, from photo-like realism to enhanced graphic design capabilities. The platform is available for free with limited daily credits, while premium features are accessible through subscription plans. Ideogram's new API, currently in beta, and its recently launched iOS app, position it as a strong contender in the AI-driven image generation market.

Why It Matters:

The competition in the AI video space has been heating up in 2024 — it looks like the same is now happening with AI images. With the release of Ideogram 2.0, they immediately take a stab at the best models like Midjourney,DALL-E 3, and recently launced open model FLUX.1, with its impressive prompt understanding and ability to generate perfect text on the first try.

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Source: Nvidia

Evolving AI: NVIDIA has introduced a new small language model named Mistral-NeMo-Minitron-8B-Base, designed to offer state-of-the-art accuracy in a compact form factor.

Key Points:

  • Nvidia developed Llama-3.1-Minitron 4B, a compact model rivaling larger counterparts.

  • Pruning and distillation are key to its efficiency, cutting down on size without sacrificing performance.

  • Despite limited data, it outperforms similarly sized models in key AI tasks.

Details:

Nvidia’s latest AI innovation, Llama-3.1-Minitron 4B, shows that small language models can be just as powerful as larger ones. Nvidia used pruning and distillation to create a 4-billion parameter version of the Llama 3.1 model. This involved carefully removing certain parts of the model and then transferring knowledge from the original, larger model. The result is a model that works as well as others twice its size, like Mistral 7B and Llama-3 8B, but with much less training data. This makes it an efficient and accessible solution for many AI applications.

Why It Matters:

The Mistral-NeMo-Minitron-8B-Base, optimized through pruning and distillation, offers high performance in diverse AI tasks while being cost-effective. This makes advanced AI more accessible, enabling powerful capabilities on devices with limited resources.

Evolving AI: Nvidia faces increased scrutiny from the Department of Justice over its dominance in AI hardware, with subpoenas sent to Nvidia and others.

Key Points:

  • DOJ probes Nvidia’s AI chip market practices, examining whether it restricts competition.

  • Nvidia loses $279 billion in market value following the subpoena reports.

  • Despite setbacks, Nvidia’s stock remains up over 100% this year due to AI boom-driven sales.

Details:

Salesforce has introduced two new AI tools designed to make sales teams more efficient. The Einstein SDR Agent automatically handles lead qualification by engaging with prospects around the clock, while the Sales Coach Agent helps salespeople practice their pitches, providing instant feedback. These AI tools are intended to assist, not replace, sales teams, and are expected to be especially popular with tech companies and smaller businesses looking to streamline their sales processes.

Why It Matters:

Salesforce’s AI agents represent a next step in automating sales tasks, potentially reshaping how companies approach sales processes. As AI becomes more integrated, the efficiency and productivity of sales teams could increase — but it does raise serious concerns about what this means for human jobs.

💡 Tip of the Day

It looks like Midjourney is feeling the pressure, because if you’ve ever wanted to try it, now you can do so for free. Midjourney has made its web interface available to all users and reintroduced free trial image generation. You can try out 25 prompts, which will generate a total of 100 images for you.

🎯SNAPSHOTS

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