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In Q3 of 2024, Intel will Release their “Lunar Lake” Processor for AI PCs

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According to an announcement made by Intel, their new client processors, dubbed “Lunar Lake,” would power more than 80 brand-new laptop models from 20 different OEM manufacturers in the third quarter of 2024, ushering in AI capabilities for Copilot+ PCs globally.

AI PCs using the Lunar Lake Processor

It is predicted that the Lunar Lake processor, which provides more than three times the AI performance of the previous generation, will completely transform AI PCs.

Intel’s next-generation CPUs will enable Copilot+ experiences with neural processing units (NPU) capable of over 40 tera operations per second (TOPS).

In addition to the improved NPU, Lunar Lake will include more than 60 GPU TOPS, for a total of more than 100 platform TOPS.

Additionally, Intel has stated that a future update for Lunar Lake will provide Copilot+ features like Recall.

Specifications of Intel Lunar Lake Processors

All of Lunar Lake’s computational components have been rebuilt by Intel, which also included a new integrated GPU that makes use of the Xe2 architecture, a redesigned low power island (LPI), and faster CPU and NPU cores.

The Xe2 iGPU is anticipated to provide 1.5 times the performance of the current generation of Meteor Lake CPUs, demonstrating that Intel hasn’t forgotten about gaming despite its emphasis on AI.

For desktops and laptops, the Arrow Lake series will offer improved performance, most likely due to shared CPU architectures with Lunar Lake. The three tiles/chiplets that make up Lunar Lake combine the efficiency and performance cores of Skymont and Lion Cove microarchitectures, respectively.

Lunar Lake’s NPU can produce more than 45 TOPS, meeting Microsoft’s requirements for next-generation AI PCs while supporting AI workloads.

AI performance can be improved by up to 60 TOPS with the integrated GPU’s support for Intel Xe Matrix eXtensions (XMX). Over 100 TOPS of total AI performance are promised by Lunar Lake.

Lunar Lake Performance

Although encouraging, Intel’s Lunar Lake performance promises should be viewed with caution given they are based on a small number of benchmarks.

Benchmarks

  • Based on Intel’s benchmarks, Lunar Lake outperforms rivals such as Snapdragon X Elite and Ryzen 7 8840U by a large margin (1.4x) in the GIMP benchmark results.
  • Real-world gaming benchmarks have still to be determined, however synthetic evaluations on Meteor Lake Core 7 165U show 1.5 times better gaming performance than the current-generation iGPU.

Life of Batteries and Power Effectiveness

  • Lunar Lake’s efficiency is demonstrated by battery life tests, which show up to 30% less active power usage when compared to rivals like Ryzen 7 7840U and Snapdragon 8CX Gen3.

The software ecosystem of Lunar Lake AI

By the end of 2025, Intel hopes to have sold 100 million AI PCs, making it the company with the largest install base. They draw attention to investments in AI software and hardware developer ecosystems and stress the significance of drivers and software in optimizing performance.

More than 500 AI models are supported by Intel, and Day 0 support for additional models and features is planned. Performance and efficiency are increased when the NPU is integrated into different apps for activities like threat and deepfake detection.

Accessibility

In 2024, Intel intends to increase its market share in AI PCs by shipping more than 40 million Lunar Lake processors. In order to guarantee that laptops are accessible for the holiday retail season, production of Lunar Lake wafers is currently underway, with a targeted Q3 debut.

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Verituity Secures $18.8 Million for Expansion of AI-Driven Verified Payout Platform

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In order to finance the expansion of its verified payout platform for businesses and consumers, Verituity has raised $18.8 million.

According to a press release from Verituity on Friday, June 21, the company plans to use the additional funds to expand into new markets like mortgage servicing and energy, enhance its growth in the banking and insurance sectors, and continue developing the machine learning (ML) and artificial intelligence (AI) models that underpin the platform.

According to the press release, Ben Turner, CEO of Verituity, “orchestrates billions of dollars in verified B2B and B2C payouts by empowering businesses and banks to deliver trusted and intelligent payments on-time to known individuals and businesses.” “As we continue on our journey to ultimately do away with checks and integrate intelligent, verified payouts into the very fabric of business disbursements, I look forward to working with our investors.”

According to the statement, the company’s technology adds intelligence to each disbursement and knows and validates every payer, payee, account, and transaction.

According to the release, doing so reduces risks, maximizes payout economics, and guarantees that digital payments are made on schedule, to the correct payee and payment account, and from the correct funding account.

Sandbox Industries and Forgepoint Capital spearheaded the company’s most recent round of funding.

According to a press statement from Sandbox Industries, Chris Zock, managing partner and co-CEO, Verituity’s “unique approach to embedding verification into payouts and handling the complexity of connecting legacy treasury systems to digital payments is transformative for the industry—“

Verituity, according to Don Dixon, co-founder and managing director of Forgepoint Capital, is “well positioned to take full advantage of the rapid transformation underway in disbursements” because it combines intelligent payments, trust, and verification.

Verituity and Mastercard partnered in April to allow commercial banks and payers to make payments almost instantly.

Mastercard’s suite of local and international money transfer options, Mastercard Move, is integrated into Verituity’s white-labeled payments platform as part of that partnership. The Verituity platform will be able to provide consumers with fast payee and transaction verification as well as a shorter time to market thanks to this connection.

In a press statement announcing the collaboration, Turner stated, “We’re excited to work with Mastercard to include more banks in the safe disbursement and remittance ecosystem.”

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Anthropic, an OpenAI Rival, Revealed its Most Potent AI to Date

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Anthropic, an OpenAI rival, unveiled Claude 3.5 Sonnet, their most potent AI model to date, on Thursday.

Claude is one of the chatbots that has become quite popular in the last year, along with Google’s Gemini and OpenAI’s ChatGPT. Google, Salesforce, and Amazon are among the supporters of Anthropic, which was created by former OpenAI research executives. It has closed five financing arrangements worth a combined $7.3 billion in the last year.

The announcement comes after OpenAI’s GPT-4o in May and Anthropic’s Claude 3 family of models, which debuted in March. Claude 3.5 Sonnet, the first model in Anthropic’s new Claude 3.5 family, is faster than the business’s previous top model, Claude 3 Opus, according to the company.

The company’s Claude.ai website and the Claude iPhone app offer Claude 3.5 Sonnet for free. Higher rate limit models are available to subscribers of Claude Pro and Team.

In addition to creating excellent content in a conversational, natural tone, the system “shows marked improvement in grasping nuance, humor, and complex instructions,” according to a blog post from the business. Code can be written, edited, and run by it as well.

Anthropic also unveiled “Artifacts,” a feature that enables users to instruct its chatbot, Claude, to execute tasks like creating code or text documents, and then view the outcome in a separate window. Code development, business report authoring, and other tasks are anticipated to benefit from Artifacts, according to the company. “This creates a dynamic workspace where they can see, edit, and build upon Claude’s creations in real-time,” the statement continued.

As generative AI startups like Anthropic and OpenAI gain traction, they are competing with tech behemoths like Google, Amazon, Microsoft, and Meta in an arms race to incorporate AI technology and stay ahead of a market that is expected to generate $1 trillion in revenue over the course of the next ten years.

Anthropic debuted its first-ever enterprise product in May, and news of its new model followed.

Anthropic co-founder Daniela Amodei told CNBC last month that the plan for businesses, called Team, had been in development for the past few quarters and involved beta-testing with between 30 and 50 customers in industries like technology, financial services, legal services, and health care. According to Amodei, many of those same customers requested a specific corporate solution, which served as inspiration for the service’s concept.

At the time, Amodei remarked, “So much of what we were hearing from enterprise businesses was that people are kind of using Claude at the office already.”

Mike Krieger, co-founder of Instagram, joined Anthropic as chief product officer last month, not long after the business unveiled its new product. According to a release, Krieger, the former chief technological officer of Meta-owned Instagram, expanded the platform’s user base to 1 billion and boosted the number of engineers on staff to over 450. Jan Leike, a previous leader in safety at OpenAI, also joined the business in May.

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Materia Unveils GenAI Platform for Public Accounting Firms After Exiting Stealth

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With more than $6.3 million in funding, Materia has emerged from stealth to introduce a generative artificial intelligence (AI) platform designed especially for public accounting companies.

According to a press release released by the company on Thursday, June 20, the platform’s goal is to give these businesses intelligent technology that will free up time they now spend on numerous low-value, tiresome, daily tasks.

The CEO and co-founder of Materia, Kevin Merlini, stated in the press release that the company was formed to meet this pressing demand for time-saving solutions that would also assist in handling the laborious and heavy lifting associated with daily workflows while maintaining a high standard of accuracy and security.

The press announcement states that the company’s technology compiles internal knowledge from businesses into a safe Knowledge Hub. Thus, it establishes a silo-bridging, structured corporate search layer.

According to the announcement, this hub is then used by the Materia AI Assistant and Document Analysis Workspace, which use the data to give trustworthy data based on proprietary knowledge and recognized accounting standards.

According to the announcement, the platform is made to be adopted in a matter of days, provides responsible AI that is supported by meticulous accuracy testing conducted by CPA subject matter experts, and provides a approach for organizations that require specific customisation or interfaces.

Natalie Sandman, a general partner at Spark Capital, which led the funding, stated in the statement that the company already works with prestigious national firms and that the feedback from these clients has been “overwhelmingly positive.”

According to Sandman, “We think Materia’s AI solution will revolutionize the accounting industry by expediting routine tasks for accounting professionals and enabling them to deliver higher-quality services to their clients more effectively.”

According to PYMNTS Intelligence, chief financial officers (CFOs) are using AI to increase a variety of organizational efficiencies. The requirement for lower-skill personnel has decreased, according to 63% of CFOs, and they now require more individuals with analytical skills, according to 58% of them.

This past March, AI company Fieldguide reported raising $30 million for their accounting sector product, marking another recent fundraising event in this space. CPAs can have more time to work on high-value tasks by using Fieldguide’s AI solution, which can automate workflows and streamline operations.

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