This is an automated archive made by the Lemmit Bot.

The original was posted on /r/artificial by /u/NuseAI on 2024-05-05 18:39:57.

• The Stanford Institute for Human-Centered Artificial Intelligence (HAI) 2024 AI Index report discusses the rise of multimodal foundation models, increased investment in generative AI, and global regulations on AI.
• The report emphasizes the dominance of U.S. tech companies in releasing high-performing models, with Google, Meta, and Hugging Face leading the pack.
• New cost estimates for model training reveal the high expenses, with Google’s Gemini Ultra costing $191 million and OpenAI’s GPT-4 costing $78 million.
• The report also covers AI’s achievements in surpassing human performance in various benchmarks and its impact on scientific discovery and medical applications.
• Challenges highlighted include the lack of standardized evaluations for AI models, political deepfake concerns, privacy and security risks, and the misuse of AI.

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