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Tuesday’s top story: The US is investing $11.6B in Taiwan Semiconductor Manufacturing Company (TSMC) to build three AI chip manufacturing factories on US soil, to encourage domestic production and reduce reliance on overseas supply of AI hardware.
🌤️ This Morning on AI Tool Report
🍟 US invests billions in domestic AI chip plants
🦾 Inflection AI leads Microsoft's new London AI hub
🤫 Leaked! Meta to launch Llama 3 next week
🔓 Has OpenAI removed ChatGPT usage limitations?
Read Time: 5 minutes
FINANCE
AI HARDWARE
Our Report: Under the CHIPS and Science Act (legislation aimed at boosting domestic AI chip production), the US government has announced plans to award Taiwan Semiconductor Manufacturing Company (TSMC) $11.6B in grants and loans to help them build three AI-chip production factories in Arizona.
🔑 Key Points:
As part of the deal (the largest foreign direct investment in a brand-new development project in US history), TSMC will also increase its US investments from $40B to $65B.
Two factories are already under construction—with production to start in 2025—while the third (expected to produce advanced chips) isn’t in construction yet.
TSMC's investment will create over 6,000 high-tech manufacturing and 20,000 construction jobs and will include a $50M training budget to upskill local workers.
🤨 Why you should care: The funding is part of the government's push to increase home-grown AI chip manufacturing capacity to reduce reliance on South Korea and Taiwan and strengthen their technological independence.
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INTERNAL POLITICS
Three weeks after taking most of Inflection AI’s staff, Microsoft has launched a London hub (for the new consumer AI division) which will be led by Inflection AI’s, Jordan Hoffmann.
Hoffmann, who joined Google DeepMind in 2020 before jumping to Inflection, is (according to Inflection co-founder, Mustafa Suleyman) an “exceptional AI scientist.”
Suleyman (who reports to Microsoft CEO, Satya Nadella) also said they’re looking for AI talent, an opportunity that could push the UK ahead in the race for AI dominance.
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LARGE LANGUAGE MODELS
A Meta employee has leaked that Meta will launch two smaller Llama 3 large language models (LLMs) next week to generate excitement, ahead of the launch of Llama 3.
The two smaller LLMs will be more cost-effective and quicker at processing and are likely to be used by developers to build AI software for mobile devices.
When it lands, Llama 3 is expected to compete directly with OpenAI’s GPT-4 in its ability to understand, process, and generate larger amounts of text and images.
CHATBOTS
OpenAI’s usage limit policy previously stated that ChatGPT users had a limit of 40 messages every 3 hours, now it just says that “Usage limits may apply.”
Some users have reported that their usage limits have increased, while others have revealed that OpenAI has actually introduced much stricter usage limitations.
This, and OpenAI’s failure to announce any changes to its usage policy, is encouraging some users to try platforms that offer greater flexibility, like Claude 3 and Gemini.
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