One-Minute Daily AI News 7/23/2024

1. Meta releases the biggest and best open-source AI model Llama 3.1 yet.[1]
2. Snowflake-Arctic-Embed-m-v1.5 Released: A 109M Parameters Groundbreaking Text Embedding Model with Enhanced Compression and Performance Capabilities.[2]
3. Study: When allocating scarce resources with AI, randomization can improve fairness.[3]
4. Google creates AI weather simulator that measures climate change.[4]

Sources:

[1] ~https://www.theverge.com/2024/7/23/24204055/meta-ai-llama-3-1-open-source-assistant-openai-chatgpt~

[2] ~https://www.marktechpost.com/2024/07/19/snowflake-arctic-embed-m-v1-5-released-a-109m-parameters-groundbreaking-text-embedding-model-with-enhanced-compression-and-performance-capabilities/~

[3] ~https://news.mit.edu/2024/study-structured-randomization-ai-can-improve-fairness-0724~

[4] ~https://readwrite.com/google-creates-ai-weather-simulator-that-measures-climate-change/~