Welcome to Daily Zaps, your regularly-scheduled dose of AI news ⚡️ 

Here’s what we got for ya today:

• ⚛️ How AI is designing better medicines

• 🤑 OpenAI might switch to for profit status

• 📣 Nvidia releases open tools to build LLMs

• 👩🏻‍💻 LinkedIn adds AI job hunting tools

Let’s get right into it!

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HEALTHCARE

How AI is designing better medicines

AI is revolutionizing drug discovery by significantly accelerating the process and enhancing precision. In highly automated labs, robots and scientists generate massive amounts of data daily by creating and testing chemical molecules. This data feeds AI models that match chemical keys to protein locks, identifying potential drug candidates much faster than traditional methods.

Advanced AI techniques are used to generate high-quality synthetic data, reducing reliance on costly real-world datasets. AI models learn from extensive datasets, including molecular information and protein structures, to suggest effective drug candidates. This approach allows for rapid experimentation, precise predictions, and a higher success rate in clinical trials. As AI continues to advance, it is set to transform the pharmaceutical industry by speeding up drug development and improving outcomes.

STARTUPS

OpenAI might switch to for profit status

OpenAI CEO Sam Altman is considering restructuring OpenAI into a for-profit benefit corporation, a move that could lead to an eventual IPO and allow Altman to take a stake in the company. This change aims to separate OpenAI from its nonprofit parent while maintaining its mission of benefiting humanity. OpenAI's rapid revenue growth, now at an annualized $3.4 billion, and significant investments from Microsoft and other stakeholders drive this potential shift.

Microsoft has shown interest in this restructuring because it could provide the company with more influence over OpenAI, including a potential seat on its board and shareholder voting rights. Currently, Microsoft's involvement is limited to a nonvoting observer position. By converting OpenAI into a full-fledged for-profit entity, Microsoft could benefit more directly from OpenAI's profits and strategic decisions.

BIG TECH

Nvidia gives developers open license model to build LLMs

NVIDIA has introduced the Nemotron-4 340B model family under a permissive open license, featuring base, instruct, and reward models that excel in efficiency and performance. These models, optimized to run on a single NVIDIA DGX H100 system, outperform existing open models like Llama-3 70B and Mixtral 8X7B on several benchmarks.

The Nemotron-4 340B models are designed to generate high-quality synthetic data, with over 98% of the instruct model's training data being synthetically generated. NVIDIA's open-sourcing of the synthetic data generation pipeline aims to benefit both research and commercial applications.

CAREERS

LinkedIn adds AI job hunting tools

LinkedIn is integrating more AI-powered tools to drive user engagement and improve functionality on its platform. The new features include AI-driven job search prompts, tools for generating job applications and cover letters, personalized learning recommendations, and improved search capabilities.

These tools aim to help users perform tasks more efficiently, such as finding jobs, writing resumes, and learning new skills, especially in AI. LinkedIn's focus on AI, backed by its parent company Microsoft, allows it to innovate without the pressure to invest heavily in new technologies. However, this raises questions about the authenticity of user-generated content as more tasks are automated.