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AI start-up Liquid AI has unveiled new foundation models that are not based on the usual Transformer architecture. According to the company, the so-called Liquid Foundation Models (LFMs) should outperform models such as Meta's Llama 3 or Microsoft's Phi-3 in a comparable size. According to Liquid AI, even the smallest model, the LFM 1.3B, outperforms Meta's new Llama 3.2-1.2B in many benchmarks. The LFMs are available in three sizes: 1.3 billion, 3 billion and 40 billion parameters. They are said to be particularly memory efficient and suitable for various data types such as text, audio, and video. Liquid AI was founded by former MIT researchers; team members were involved in StripedHyena, among other projects. Liquid AI is planning a product launch at MIT on 23 October 2024, the models are not open source. You can try out Liquid on the Playground.

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OpenAI's CFO Sarah Friar aims to calm investors after three top executives left the company. In an email, she stressed that OpenAI remains committed to developing AI that will benefit investors, CNBC reports. Friar said the current $6.5 billion funding round is oversubscribed and should close next week. OpenAI is seeking a valuation above $150 billion. The company also plans to change to a for-profit structure. The departing executives include CTO Mira Murati, Head of Research Bob McGrew, and VP of Post-Training Research Barret Zoph. Friar, who joined OpenAI in June, assured investors the company still has strong leadership.

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