Mint Explainer: Can Google get its AI mojo back with Gemini?

livemint.com:

release of Google's new AI model Gemini, which has been in the works for some time. It provides credible competition to OpenAI's GPT-4. And when OpenAI releases GPT-5, Google is likely to launch ‘Gemini Ultra’, the most powerful version of its AI model.

GenAI models are being used to generate content including text, images, audio, video, code and simulations with the help of natural-language prompts. They are being used in at least one business function, said one-third of respondents to a McKinsey Global survey in August. Moreover, 40% of respondents said their organizations would increase investments in AI overall because of advances in generative AI.

This explains why Big Tech companies are leaving no stone unturned to outdo their competitors in GenAI. Consider these developments. Meta, according to a report in the Wall Street Journal, is working on a new AI system that is expected to be more powerful than GPT-4 (Gemini had not been not released when this report was published).

The system, which could be ready next year according to WSJ, aims to help companies develop sophisticated text analysis and provide other services. The new AI model is expected to be several times more powerful than Meta's own Llama 2. The company is in the process of acquiring Nvidia’s H100s chips for AI training and is building data centres to help train the model.