Qualcomm is preparing to launch its third-generation Snapdragon 8 chip, which boasts improved performance and a significant advancement in on-device AI capabilities. The chip's powerful AI engine can support high precision in local AI models and run local large-language models of over 10 billion parameters.

A team of researchers from the Australian National University, the University of Oxford, and the Beijing Academy of Artificial Intelligence have created a new AI system called "3D-GPT" that can generate 3D models from text-based descriptions. The system uses multiple AI agents that each focus on a different part of understanding the text prompt and executing modeling functions.

Microsoft's CEO Satya Nadella has announced plans to integrate artificial intelligence (AI) into all of the company's customer solutions and every layer of its tech stacks. In his annual letter to shareholders, Nadella emphasized that the next generation of AI will reshape every software category and every business, including Microsoft's own.

Universal Music Group (UMG) has filed a lawsuit against artificial intelligence developer Claude Anthropic, marking the first major lawsuit in the music industry against an AI developer. UMG is seeking $75 million in compensation. Concord Music Group, ABKCO, Worship Together Music, Plaintiff Capital CMG, and other companies listed as publishers have also filed lawsuits against Anthropic, accusing the AI developer of using songs from artists they represent in their AI model dataset without permission.

On October 18th, Cerebrum Tech, a solution provider for generative AI, gaming, and Web3, announced that it has completed a $1.8 million funding round at a valuation of $15 million. Boğaziçi Ventures led the round with participation from Inveo Ventures Coinvestment.

Baidu, a major search engine company in China, has released an upgraded version of its AI chatbot, Ernie 4.0, which competes with OpenAI's ChatGPT. Baidu's CEO, Robin Li, announced at the company's annual technology conference in Beijing on October 17, 2023 that the launch of the new version of Ernie 4.0 could lead to a new round of economic growth. Although the general public cannot yet access the latest version of Ernie 4, Li claims that it is as good as OpenAI's ChatGPT 4. Baidu has been gradually transitioning into an internet service company specializing in AI-related services since the launch of its generative AI chatbot, Ernie, in August 2023.

According to the Mercer CFA Institute global pension report, pension funds could benefit from using artificial intelligence (AI) to reduce costs, increase investment returns, and identify potential risks. AI could help fund managers analyze large amounts of data to uncover opportunities and create custom investment portfolios. It could also be used to personalize marketing and outreach efforts based on members' communication patterns. However, there are still challenges to overcome, and AI tools may generate fake or misleading information. The report also emphasized the need for strong defenses against cyberattacks and other security breaches.

Stack Overflow, a developer and programmer platform, is cutting its workforce by around 28% due to macroeconomic pressures impacting the tech industry and the rise of AI chatbots. The layoffs account for approximately 150 employees out of a total headcount of 540.

AI large model company Baichuan Intelligence announced today that it has completed the A1 round of strategic financing, with a financing amount of 300 million US dollars. Technology giants such as Alibaba, Tencent, Xiaomi, and many top investment institutions have participated in the investment. "The king of local VC" Shenzhen Capital is also one of the investors in this round.

Nvidia has partnered with Masterpiece Studio to release Masterpiece X, a new application that aims to revolutionize 3D modeling. The software utilizes generative AI and can be used in the cloud with no local hardware or software required. While the software is not yet perfect, it shows vast potential and exciting advancements on the horizon. However, Nvidia faces geopolitical hurdles that threaten its dominance in hardware, particularly with the US government's efforts to tighten restrictions on AI chip exports to China.