OpenAI is in talks to close a new funding round at a $100 billion valuation, which would be one of their biggest infusions of capital. They have already raised $86 billion and allowed employees to sell shares in the company. OpenAI is on track to lose about $5 billion by the end of the year, despite generating $3.4 billion in annualized revenue. They have burned $8.5 billion in AI training and staffing. Thrive Capital and Microsoft are expected to participate in the funding round, and there are rumors that Nvidia and Apple may also contribute.

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Google Gemini has made major upgrades to its AI model, including the introduction of Gems, Assistants, and Imagen 3. Gems are custom AI experts that can be used for various tasks. Gemini is known for its enterprise use cases and developer-friendly features. Imagen 3 enhances image generation capabilities, although there are restrictions to address concerns about deep fakes. Google has implemented Synth ID watermarking technology to verify the authenticity of generated images. Gemini faces competition from similar products by OpenAI, Microsoft, Meta, and Hugging Face. While Google's image generator is unique, open source models used by competitors may offer similar capabilities.

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Mid Journey has announced that they are working on hardware, but the exact details of the hardware are still unknown. There have been rumors and speculation, with some suggesting it could be a new Oculus or Vision Pro-like headset. Mid Journey has been engaging with people on social media, responding to comments and teasing the nature of the hardware. The CEO mentioned an 'orb' in a previous tweet, but it's unclear if this is related to the upcoming hardware. The AI hardware market has seen some flops in the past, but there have been successful collaborations like Meta's Ray-Ban glasses. Overall, the announcement has generated excitement and curiosity.

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