OpenAI Invests $50M in NextGenAI Research Consortium

Author(s): Get The Gist

Originally published on Towards AI.

Plus: Amazon’s New AI Model Challenges OpenAI & Anthropic

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Amazon’s New AI Model Challenges OpenAI & AnthropicGoogle Enhances Online Shopping with AI-Powered ToolsAmazon to Establish New Division Focused on Agentic AIAnd more AI news….Image by: OpenAI

The Gist: OpenAI is launching a $50 million initiative to fund AI research at 15 universities and institutions, aiming to advance AI applications and prepare the next generation of AI leaders.

Key Details:

Partner institutions include Harvard, MIT, Oxford, and the University of Michigan.Research will focus on AI applications in healthcare, education, and digital literacy.Harvard and Boston Children’s Hospital will use AI to improve rare disease diagnoses.Texas A&M will develop AI literacy programs for students.Image by: Amazon

The Gist: Amazon is developing an advanced AI model under its Nova brand, designed for hybrid reasoning — balancing quick responses with more complex problem-solving.

Key Details:

Expected to launch by June 2025, competing with OpenAI’s and Anthropic’s latest models.Uses a hybrid reasoning approach to improve long-form problem-solving.Aims to be more cost-efficient than competitors like Claude… Read the full blog for free on Medium.

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Published via Towards AI