Amazon’s latest AI model, codenamed ‘Olympus’

Welcome, AI enthusiasts.

Amazon is reportedly preparing to launch ‘Olympus’, its AI model that goals to compete with other models by specializing in advanced video evaluation.

After staying quiet within the AI race and investing $8B in Anthropic, is the tech giant finally able to make some noise? Let’s get into it…

In today’s AI rundown:

• Amazon develops AI model codenamed Olympus

• Tesla’s Optimus gets major hand upgrade

• Create an AI agent with Web access

• 5 latest AI tools & 4 latest AI jobs

• More AI & tech news

Read time: 4 minutes

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LATEST DEVELOPMENTS

OPENAI

⚡️ Amazon develops AI model codenamed Olympus

The Rundown: Amazon has reportedly developed a brand new AI model codenamed Olympus, specializing in advanced video and image processing capabilities — with a possible release slated as early as next week.

The main points:

• The model reportedly excels at detailed video evaluation, in a position to track specific elements like a basketball’s trajectory or underwater drilling equipment issues.

• While reportedly less sophisticated than OpenAI and Anthropic in text generation, Olympus goals to compete through specialized video processing and competitive pricing.

• This development comes despite Amazon’s recent $8 billion investment in Anthropic, suggesting a dual strategy of partnership and in-house AI development.

• Amazon’s Olympus model was first spotted by The Rundown over a yr ago, marking a protracted development cycle.

Why it matters: Amazon has been suspiciously quiet within the AI race — nevertheless it looks like they’re finally preparing to make some serious noise. By specializing in video evaluation capabilities, Amazon is targeting a comparatively untapped market segment that would appeal to sports analytics, media firms, and more.

TOGETHER WITH INNOVATING WITH AI

💼 Start your profession as an AI Consultant

The Rundown: Innovating with AI’s latest program, AI Consultancy Project, equips AI enthusiasts with all of the resources to capitalize on the rapidly growing AI consulting market – which is about to 8x to $54.7B by 2032.

This system offers:

• Tools and framework to search out clients and deliver top-notch services

• A 6-month roadmap to construct a 6-figure AI consulting business

• Student landing their first AI client in as little as 3 days

Click here to request early access to The AI Consultancy Project.

TESLA

🤖 Tesla’s Optimus gets major hand upgrade

The Rundown: Tesla just showcased its humanoid robot Optimus with an upgraded hand, demonstrating latest capabilities like catching balls in real-time — a big leap in robotic dexterity.

The main points:

• The brand new hand-forearm system includes 22 degrees of freedom within the hand and three within the wrist/forearm, doubling previous capabilities.

• All actuation mechanisms have been moved to the forearm, though this has also increased its weight.

• The Tesla Optimus team is working on integrating prolonged tactile sensing, positive tendon controls, and reducing forearm weight by year-end.

• While the demo was tele-operated (distant controlled), achieving smooth and accurate tendon control represents a fancy engineering achievement.

Why it matters: More robotic dexterity brings us closer to humanoid robots that may perform human-like tasks with precision. Catching a ball might sound easy, but achieving this level of hand coordination in a robot requires an incredible amount of hardware engineering.

AI TRAINING

✍️ Create an AI agent with Web access

The Rundown: Using Mistral AI’s free agent feature (the ChatGPT competitor from France), you may now create a custom writing assistant with Web access that matches your unique writing style, tone, and structure.

Step-by-step:

1. Visit Mistral AI and create a free account.

2. Create a brand new agent and choose “Pixtral Large” model.

3. Input your writing style instructions and examples. We wrote detailed instructions that premium members can copy and paste from here.

4. Deploy to Le Chat and begin using your agent with an easy @mention.

Pro tip: Keep refining your assistant’s instructions based on the outputs you receive. The more specific your examples and guidelines, the higher your results will likely be.

NEW TOOLS & JOBS

Trending AI Tools

• 🎙️ Hume + Anthropic Computer Use – Allows developers to create apps to manage a pc with just your voice

• 🎯 snappy retro – Create a retro board in seconds, share the URL, and collaborate in real-time

• ⚡️ ElevenLabs GenFM – Generate personal podcasts from PDFs, articles, eBooks, links or text in 32 languages with the ElevenReader iOS app

• 👋 Replicate consistent-character – Create images of any given character in several poses

• 💻 aisuite – An open-source Python package by Andrew Ng that makes it easy for developers to make use of LLMs from multiple providers

Recent AI Job Opportunities

• 🧑‍💻 The Rundown – Full Stack Developer

• 🍏 Grammarly – Software Engineer, macOS

• 🛡️ Palantir Technologies – Senior Advisor, DoD

• 📈 Anyscale – Head of Product Marketing

• 📊 Harvey – Software Engineer, Data

QUICK HITS

TikTok owner ByteDance is reportedly suing a former intern for $1.1 million, alleging deliberate sabotage of its AI language model training infrastructure through code manipulation.

Databricks is reportedly raising at the very least $5 billion at a whopping $55 billion valuation, with the funding round geared toward helping employees money out and potentially delaying IPO plans.

Google Labs launched GenChess, a brand new web experiment using Gemini Imagen 3 that lets users create custom chess pieces with AI image generation.

OpenAI filed to trademark its o1 ‘reasoning’ models, revealing an odd earlier application in Jamaica months before the model’s announcement.

Mistral AI announced its Mistralship Startup Program, offering chosen startups 30K platform credits, dedicated support, and early access to latest models over a 6-month period.

Meta’s Chief AI Scientist Yann LeCun stated that human-level AI could possibly be possible inside 5-10 years after recent statements that AGI would take atleast a decade —aligning with similar timelines suggested by Sam Altman and Demis Hassabis.

THAT’S A WRAP

See you soon,

Rowan, Joey, Zach, and Alvaro—aka The Rundown Team