Friday, July 26th

🦙 Meta's Ambitious Leap in AI: Zuckerberg Unveils Llama 3.1

What’s In This Email

  • Meta’s ambitious leap in AI

  • Google backtracks on plans to remove third-party cookies

  • Customize your ice cream at Cereal Box Café

  • Why is everyone talking about Ballerina Farm?

  • Notable Spotlight: VELD

  • Notable Listing: 344 Wellesley St. E

  • Notable Plug 🔌

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Meta's Ambitious Leap in AI: Zuckerberg Unveils Llama 3.1

Meta Platforms Inc., led by CEO Mark Zuckerberg, has introduced a cutting-edge AI model, Llama 3.1, aimed at competing with giants like OpenAI and Google. This new model is a significant upgrade from its predecessor and marks Meta's serious investment in the AI landscape. Here's what you need to know:

Key Takeaways

  • Llama 3.1 Overview:

    • Developed over several months with hundreds of millions of dollars in computing power.

    • Features include advanced reasoning capabilities, generative AI for image creation, and a unique "Imagine Yourself" feature.

    • Primarily used in Meta's AI chatbot across platforms like Instagram and WhatsApp.

  • Meta’s Strategic Vision:

    • Zuckerberg emphasized the importance of making AI technology open-access, aiming to set a foundation for future innovation.

    • Despite open access, specific datasets used in training remain proprietary, ensuring Meta's competitive edge.

  • Financial Commitment and Industry Impact:

    • Meta's AI investments are significant, with projections to spend billions more on future developments.

    • The company plans to acquire around 350,000 Nvidia H100 GPUs, underscoring the scale of their commitment.

  • Global Implications and Open-Source Philosophy:

    • While some critics fear the misuse of open-source AI by geopolitical rivals, Zuckerberg argues that open innovation fosters better outcomes and maintains US leadership in technology.

Why this matters: Meta's push into advanced AI technology, highlighted by the Llama 3.1 release, is more than just a corporate update—it's a glimpse into the future of digital innovation. With significant investments and a commitment to open-source principles, Meta aims to shape the next decade of AI development, impacting industries from social media to global tech standards. For consumers and businesses alike, these advancements promise new tools and capabilities, while also raising important discussions around data use, privacy, and international tech competition.



Read the full article here.


Google Rethinks Third-Party Cookies Phase-Out: A New Approach Emerges

Google has shifted its stance on phasing out third-party cookies, a major move that has implications for online advertising and user privacy. Initially set to eliminate these cookies in favor of its Privacy Sandbox initiative, Google now plans to offer users a choice in Chrome.

Key Takeaways

  • Updated Strategy:

    • Google will not fully eliminate third-party cookies but will instead introduce a user-choice interface in Chrome.

    • This decision reflects the complexity of creating a privacy-focused ad-tech stack and the industry's mixed reactions.

  • Privacy Sandbox Continuation:

    • The Privacy Sandbox, designed to balance user privacy with ad targeting needs, will coexist with third-party cookies.

    • This move aims to offer an alternative to traditional data tracking methods.

  • Regulatory and Industry Pressure:

    • The UK's Competition and Markets Authority (CMA) and other industry stakeholders expressed concerns about Google's initial plans, fearing reduced competition and increased data monopolization.

    • Google’s revised approach follows regulatory scrutiny and feedback from various market players.

  • Criticism from Privacy Advocates:

    • The Electronic Frontier Foundation (EFF) criticized Google's decision, arguing it prioritizes profits over user privacy.

    • The EFF encourages users to install privacy tools like Privacy Badger to opt out of Privacy Sandbox.

Why this matters: This shift in Google's strategy around third-party cookies and the Privacy Sandbox is significant for consumers and businesses alike. It highlights the ongoing tension between privacy concerns and the needs of the advertising industry. For consumers, this means more control over how their data is used but also raises questions about the effectiveness of privacy measures. For businesses, especially those in digital marketing, understanding these changes is crucial for navigating the evolving landscape of online advertising and user data management.

🌐AROUND THE INTERWEBS

Customize your ice cream over at Cereal Box Café which just opened their express shop.

📍 Lucky’s Bodega on Ossington

See the video below.
@torontopeak

Okok try to convince us this isn’t the coolest concept ever??! @Cereal Box Cafe recently opened up their express shop tucked away at @Luck... See more

Have you been hearing about Ballerina Farm lately and wondering why it’s trending?

Everyone calling for the freedom of the internet’s most popular trad-wife was not on our 2024 bingo card.

See the video below.
@inroyalnews

Not my normal content but an interesting story nonetheless. Ladies & gents, Hannah Neeleman aka #ballerinafarm let me know your thoughts o... See more

🔦 NOTABLE SPOTLIGHT 🔦

VELD Music Festival

August 2 - 4, 2024

@veldmusicfestival

Create core memories and help spread that special VELD energy! 💫✨ What are some amazing festival moments that happened to you? 👇 #VELD2024... See more

🏘️ NOTABLE LISTING 🏘️

Nestled in coveted northern Cabbagetown, this 3-storey, rare 4-bedroom Victorian brick home exudes historic charm and modern elegance. Situated on one of the most sought-after streets in the area, it is part of one of the largest neighborhoods of preserved Victorian homes in North America. Featuring soaring ceilings over 9 ft high and a modern kitchen, this house showcases beautiful design and functionality.

The neighborhood exudes architectural charm and community spirit, with congenial residents and a family-friendly atmosphere. Steps from Wellesley Park, the site of the annual Forsythia Festival, complete with a new splash pad and the gated Forsythia playground. Also nearby is the must-see Riverdale Farm and Park.

🔌 NOTABLE PLUG

🎙️ Get Into It: Life Kit podcast. Everyone needs a little help being a human. From sleep to saving money to parenting and more, host Marielle Segarra talks to experts to get the best advice out there. Life Kit is here to help you get it together. Listen on Apple or Spotify.

📄 Notable Hires: Data & Analytics - Senior Data Visualization Engineer @ Aritzia (on-site, Vaughan)

🎓 Hope This Helps: 2short.ai. Elevate your content with AI-generated YouTube Shorts. Let 2short.ai extract the best moments of your videos and turn them into performing short clips that drive views and subscribers 10X faster.

🌍 Notable Destinations: Toronto to Washington($349 - $350) Dates: August 9 - August 18. Click on this link to see the deal.

🧠Today We Learned: that average human height went down from 5'10" (178 cm) for men and 5'6" (168 cm) for women to 5'5" (165 cm) and 5'1" (155 cm) 10,000 years ago and it took until the 20th century for average human height to match pre-Neolithic Revolution levels.

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