July 25, 2024
Tech News
Mistral has released its new AI model, Large 2, which competes with the latest models from OpenAI and Meta. The model excels in code generation, mathematics, and reasoning, outperforming Meta’s Llama 3.1 405B in some benchmarks despite having fewer parameters. Mistral focused on reducing hallucination issues and improving multilingual support. The model is available on major cloud platforms but requires a paid license for commercial use.
CRED, the Indian fintech startup, has launched a new feature called CRED Money, aimed at helping affluent customers manage their finances. The feature consolidates financial data from multiple bank accounts, providing insights into cash flow and recurring payments. Leveraging India’s account aggregator framework for secure data sharing, CRED Money aims to improve financial decision-making for users.
Snapchat is launching a new summer channel called “Snap Sports Network,” focusing on unconventional sports like dog surfing and professional pillow fighting. The channel will feature six episodes presented by popular sports creators and aims to engage users with unique sports content. Supported by e.l.f. Cosmetics, the initiative includes special AR Lenses.
Location intelligence is helping the transport and logistics industry in APAC overcome challenges related to fleet management. Real-time tracking and data analytics improve vehicle and driver safety, optimize routing, and enhance operational efficiency. Companies like PSA Singapore have reported significant reductions in emissions and operational costs by leveraging these technologies.
CRED has also launched a new feature called CRED Money, allowing users to track and manage their bank transactions and recurring payments from a single dashboard. Using India’s account aggregator framework for secure data sharing, CRED Money aims to provide actionable financial insights as part of the startup’s broader strategy to offer comprehensive personal finance tools.
Tech Explained
AI Model – An artificial intelligence model is a system that can perform tasks that typically require human intelligence, such as reasoning, problem-solving, and learning.
Location Intelligence – Location intelligence refers to the process of deriving meaningful insights from location-based or geographic data to make informed business decisions.
Account Aggregator Framework – An account aggregator framework allows users to securely share their financial data across multiple accounts and institutions to gain a comprehensive view of their finances.
Data Analytics – Data analytics involves the process of examining large datasets to uncover patterns, trends, and insights that can inform decision-making and improve business operations.
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