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Produced by Daniel Aharonoff & Mogul Media AI

Meta's Llama 3: A New Era in Open Source AI

Meta's Llama 3: A Game-Changer in Open Source AI The air was thick with anticipation at the recent Meta AI Day in London, where executives unveiled the highly awaited details of Llama 3, the next evolution in the company's open-source large language model. This announcement marks a pivotal moment in the landscape of artificial intelligence, promising to reshape both the competitive terrain and the fundamental approach to AI development. What We Know About Llama 3 Nick Clegg, Meta’s President of Global Affairs, confirmed that Llama 3 will be rolled out within the next month, consisting of multiple models tailored for various capabilities and versatility. The key highlights include: Parameters : Llama 3 boasts an impressive 140 billion parameters, double the capacity of its predecessor, Llama 2. Infrastructure Investment : Meta is building a formidable compute infrastructure, planning to deploy 350,000 H100 GPUs by year-end, far exceeding the resources utilized by OpenA...
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Produced by Daniel Aharonoff & Mogul Media AI

BONK Coin Surges on Solana Network: Binance Announces Futures Offering

In a surprising turn of events, BONK, the meme coin on the Solana network, has experienced yet another significant spike in value. CoinGecko reports that BONK has risen by over 25%, adding to its already impressive surge earlier this week. What makes this pump even more noteworthy is the recent announcement by Binance, the world's largest cryptocurrency exchange, that it will be launching BONK futures offering, along with one for PYTH, a decentralized finance (DeFi) network of oracles that made waves with a massive PYTH token air drop valued at 255 million. This move by Binance, amidst the departure of its high-profile CEO and significant outflows, is being seen by industry watchers as an early market-making play by the new CEO, Richard Teng. Binance Futures is set to launch the USD 1000BONK and PYTH Perpetual Contracts with leverage of up to 50x on November 22, 2023, at 14:00 UTC and 14:30 UTC, respectively. The growing popularity of BONK seems to be closely tied to the recent surge in the price of SOL, as developers rediscover the strengths of the Solana blockchain. While SOL has seen a 90% increase over the past 30 days, BONK has outperformed even further, making it the network's top meme coin.

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