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Delve into the forefront of AI Business with key articles and breaking news, highlighting pivotal developments shaping the industry’s landscape.

Meta Withholds Multimodal AI Model from the EU - Image Credit - Canva, The AI Track

Meta Withholds Multimodal AI Model from the EU Due to Regulatory Uncertainty

Meta withholds the release of its upcoming multimodal AI model from the European Union, citing the unpredictable regulatory environment, while a text-only version of its Llama 3 model will still be released in the EU. Meta Withholds Multimodal AI Model from the EU – Image Credit – Canva, The AI Track Meta Withholds Multimodal AI Model from the EU – Key Points Meta’s new model: Meta’s new multimodal AI model, capable of processing video, audio, images, and text, will not be available in the EU.

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OpenAI Unveils GPT-4o Mini - Image Credit - Canva, The AI Track

OpenAI Unveils Affordable and Efficient GPT-4o Mini Model

OpenAI has introduced the GPT-4o Mini, a cost-effective and smaller version of its advanced AI model, designed to make powerful AI more accessible and efficient. OpenAI Unveils GPT-4o Mini – Image Credit – Canva, The AI Track Key Points Size: Roughly the same size as Gemini 1.5 Flash and Claude 3 Haiku, GPT-4O Mini is much faster and cost-efficient. Cost: Priced at 15 cents per million input tokens and 60 cents per million output tokens, GPT-4o Mini offers a budget-friendly option for robust AI capabilities.

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