Welcome to Get The Gist, where every weekday we share an easy-to-read summary of the latest and greatest developments in AI—news, innovations, and trends—all delivered in under 5 minutes! ⏱

In today’s edition:

• Perplexity AI to Triple Its Valuation to $9 Billion

• Meta to Use AI to Detect Teens' Real Ages

• OpenAI’s New Feature Boosts GPT-4o Speed by Up to 5x

• Google Accidentally Leaked the Upcoming Jarvis AI

• And more AI news….

Top Developments

Perplexity

Perplexity AI to Triple Its Valuation to $9 Billion

The Gist: AI-powered search startup Perplexity AI aims to raise $500 million in funding, tripling its valuation to $9 billion, even as it faces legal issues with major publishers over alleged content misuse.

Key Details:

• This latest funding round, led by Institutional Venture Partners, would be Perplexity’s fourth in 2024, reflecting strong investor interest as it competes with giants like Google and OpenAI in AI-driven search.

• Perplexity has rapidly gained popularity, with over 2 million app downloads and 230 million monthly search queries, positioning itself as a significant challenger to traditional search engines.

• Facing allegations of content plagiarism, Perplexity introduced a revenue-sharing model in July, allowing publishers to earn ad revenue when cited in AI-generated responses.

• Other tech companies, including Google and Meta, have secured content-licensing deals with publishers to support their AI search features, adding further pressure on Perplexity’s approach.

Meta

Meta to Use AI to Detect Teens' Real Ages and Restrict Accounts

The Gist: Meta will soon use AI to spot underage users on Instagram who falsely claim to be adults and automatically move them into safer, restricted teen accounts.

Key Details:

• Instagram's "teen accounts," introduced in September, limit exposure to certain content and contacts for users aged 13-17 to enhance online safety.

• Meta's new "adult classifier" AI will analyze user profiles, interactions, and followers to estimate age, even noting small cues like “happy birthday” messages.

• In response to concerns about social media's impact on teens, Meta’s move aims to protect mental health, acknowledging its own research linking Instagram use with body image issues among teenage girls.

• The new age-detection tool will begin classifying and automatically moving teens to appropriate accounts starting next year.

OpenAI

OpenAI’s New "Predicted Outputs" Feature Boosts GPT-4o Speed by Up to 5x

The Gist: OpenAI’s "Predicted Outputs" feature dramatically cuts response time for tasks like editing and code suggestions, allowing faster and smoother user experiences.

Key Details:

• Predicted Outputs uses known content as a reference to speed up generation for repetitive or predictable tasks.

• In tests with GitHub’s Copilot Workspace, the feature delivered a 5.8x speed improvement.

• Currently, it’s available only for GPT-4o and GPT-4o-mini models, with restrictions on parameters like function calling and penalty adjustments.

• By skipping predictable content, Predicted Outputs can make LLM applications more responsive in real-time scenarios.

Quick Gist

Microsoft is enhancing its Copilot features across Edge, Windows, and Office apps, with a new user interface in Word that provides instant AI tools upon opening documents (Read More).

NVIDIA unveiled new AI and simulation tools, including the Isaac Lab and Project GR00T workflows, to enhance the development of humanoid robots in collaboration with Hugging Face (Read More).

Elon Musk's xAI has launched a public beta for its API service, allowing developers to integrate its Grok large language models into applications, albeit at a higher cost than competitors (Read More).

Google accidentally leaked the upcoming Jarvis AI, a web-browsing assistant for Chrome, which is set to be officially unveiled in December (Read More).

Microsoft launched Magnetic-One, an open-source multi-agent framework designed to enable a single AI model to manage and collaborate with multiple agents for complex, dynamic tasks (Read More).

THAT’S IT FOR TODAY!