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How Phi-3-Vision-128K Enhances Document Processing with AI-Powered OCR

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How Phi-3-Vision-128K Enhances Document Processing with AI-Powered OCR


In the evolving landscape of artificial intelligence, the development of multimodal models is reshaping how we interact with and process data. One of the most groundbreaking innovations in this space is the Phi-3-Vision-128K-Instruct model—a cutting-edge, open multimodal AI system that integrates visual and textual information. Designed for tasks like Optical Character Recognition (OCR), document extraction, and comprehensive image understanding, Phi-3-Vision-128K-Instruct has the potential to revolutionize document processing, from PDFs to complex charts and diagrams.

In this article, we will explore the model’s architecture, primary applications, and technical setup and explore how it can simplify tasks like AI-driven document extraction, OCR, and PDF parsing.

What is Phi-3-Vision-128K-Instruct?

Phi-3-Vision-128K-Instruct is a state-of-the-art multimodal AI model in the Phi-3 model family. Its key strength lies in its ability to process textual and visual data, making it highly suitable for complex tasks requiring simultaneous interpretation of text and images. With a context length of 128,000 tokens, this model can handle large-scale document processing, from scanned documents to intricate tables and charts.

Trained on 500 billion tokens, including a mix of synthetic and curated real-world data, the Phi-3-Vision-128K-Instruct model utilizes 4.2 billion parameters. Its architecture includes an image encoder, a connector, a projector, and the Phi-3 Mini language model, all working together to create a powerful yet lightweight AI capable of efficiently performing advanced tasks.

Core Applications of Phi-3-Vision-128K-Instruct

Phi-3-Vision-128K-Instruct’s versatility makes it worthwhile across a range of domains. Its key applications include:

1. Document Extraction and OCR

The model excels in transforming images of text, like scanned documents, into editable digital formats. Whether it’s a simple PDF or a complex layout with tables and charts, Phi-3-Vision-128K-Instruct can accurately extract the content, making it a valuable tool for digitizing and automating document workflows.

2. General Image Understanding

Beyond text, the model can parse visual content, recognize objects, interpret scenes, and extract useful information from images. This ability makes it suitable for a wide array of image-processing tasks.

3. Efficiency in Memory and Compute-Constrained Environments

Phi-3-Vision-128K-Instruct is designed to work efficiently in environments with limited computational resources, ensuring high performance without excessive demands on memory or processing power.

4. Real-Time Applications

The model can reduce latency, making it an excellent choice for real-time applications, such as live data feeds, chat-based assistants, and streaming content analysis.

Getting Started with Phi-3-Vision-128K-Instruct

To harness the power of this model, you’ll need to set up your development environment. Phi-3-Vision-128K-Instruct is integrated into the Hugging Face transformers library, version 4.40.2. Make sure your environment has the following packages installed:

# Required Packages
flash_attn==2.5.8
numpy==1.24.4
Pillow==10.3.0
Requests==2.31.0
torch==2.3.0
torchvision==0.18.0
transformers==4.40.2

To load the model, update your transformers library and install it directly from the source:

pip uninstall -y transformers && pip install git+https://github.com/huggingface/transformers

Once set up, you can begin using the model for AI-powered document extraction and text generation.

Example Code for Loading Phi-3-Vision-128K-Instruct

Here’s a basic example in Python for initializing and making predictions using Phi-3-Vision-128K-Instruct:

from PIL import Image
import requests
from transformers import AutoModelForCausalLM, AutoProcessor

class Phi3VisionModel:
def __init__(self, model_id=”microsoft/Phi-3-vision-128k-instruct”, device=”cuda”):
self.model_id = model_id
self.device = device
self.model = self.load_model()
self.processor = self.load_processor()

def load_model(self):
return AutoModelForCausalLM.from_pretrained(
self.model_id,
device_map=”auto”,
torch_dtype=”auto”,
trust_remote_code=True
).to(self.device)

def load_processor(self):
return AutoProcessor.from_pretrained(self.model_id, trust_remote_code=True)

def predict(self, image_url, prompt):
image = Image.open(requests.get(image_url, stream=True).raw)
prompt_template = f”<|user|>\n<|image_1|>\n{prompt}<|end|>\n<|assistant|>\n”
inputs = self.processor(prompt_template, [image], return_tensors=”pt”).to(self.device)
output_ids = self.model.generate(**inputs, max_new_tokens=500)
return self.processor.batch_decode(output_ids, skip_special_tokens=True)[0]

phi_model = Phi3VisionModel()
image_url = “https://example.com/sample_image.png”
prompt = “Extract the data in json format.”
response = phi_model.predict(image_url, prompt)
print(“Response:”, response)

Testing OCR Capabilities with Real-World Documents

We ran experiments with various types of scanned documents to test the model’s OCR capabilities. For example, we used a scanned Utopian passport and a Dutch passport, each with different levels of clarity and complexity.

Example 1: Utopian Passport

The model could extract detailed text from a high-quality image, including name, nationality, and passport number.

Output:

{
“Surname”: “ERIKSSON”,
“Given names”: “ANNA MARIA”,
“Passport Number”: “L898902C3”,
“Date of Birth”: “12 AUG 74”,
“Nationality”: “UTOPIAN”,
“Date of Issue”: “16 APR 07”,
“Date of Expiry”: “15 APR 12”
}

Example 2: Dutch Passport

The model handled this well-structured document effortlessly, extracting all the necessary details accurately.

The Architecture and Training Behind Phi-3-Vision-128K-Instruct

Phi-3-Vision-128K-Instruct stands out because it can process long-form content thanks to its extensive context window of 128,000 tokens. It combines a robust image encoder with a high-performing language model, enabling seamless visual and textual data integration.

The model was trained on a dataset that included both synthetic and real-world data, focusing on a wide range of tasks such as mathematical reasoning, common sense, and general knowledge. This versatility makes it ideal for a variety of real-world applications.

Performance Benchmarks

Phi-3-Vision-128K-Instruct has achieved impressive results on several benchmarks, particularly in multimodal tasks. Some of its highlights include:

The model scored 81.4% on the ChartQA benchmark and 76.7% on AI2D, making it one of the top performers in these categories.

Why AI-Powered OCR Matters for Businesses

AI-driven document extraction and OCR are transformative for businesses. By automating tasks such as PDF parsing, invoice processing, and data entry, businesses can streamline operations, save time, and reduce errors. Models like Phi-3-Vision-128K-Instruct are indispensable tools for digitizing physical records, automating workflows, and improving productivity.

Responsible AI and Safety Considerations

While Phi-3-Vision-128K-Instruct is a powerful tool, it is essential to be mindful of its limitations. The model may produce biased or inaccurate results, especially in sensitive areas such as healthcare or legal contexts. Developers should implement additional safety measures, like verification layers when using the model for high-stakes applications.

Future Directions: Fine-Tuning the Model

Phi-3-Vision-128K-Instruct supports fine-tuning, allowing developers to adapt the model for specific tasks, such as enhanced OCR or specialized document classification. The Phi-3 Cookbook provides fine-tuning recipes, making extending the model’s capabilities for particular use cases easy.

Conclusion

Phi-3-Vision-128K-Instruct represents the next leap forward in AI-powered document processing. With its sophisticated architecture and powerful OCR capabilities, it is poised to revolutionize the way we handle document extraction, image understanding, and multimodal data processing.

As AI advances, models like Phi-3-Vision-128K-Instruct are leading the charge in making document processing more efficient, accurate, and accessible. The future of AI-powered OCR and document extraction is bright, and this model is at the forefront of that transformation.

FAQs

1. What is the main advantage of Phi-3-Vision-128K-Instruct in OCR? Phi-3-Vision-128K-Instruct can process both text and images simultaneously, making it highly effective for complex document extraction tasks like OCR with tables and charts.

2. Can Phi-3-Vision-128K-Instruct handle real-time applications? Yes, it is optimized for low-latency tasks, making it suitable for real-time applications like live data feeds and chat assistants.

3. Is fine-tuning supported by Phi-3-Vision-128K-Instruct? Absolutely. The model supports fine-tuning, allowing it to be customized for specific tasks such as document classification or improved OCR accuracy.

4. How does the model perform with complex documents? The model has been tested on benchmarks like ChartQA and AI2D, where it demonstrated strong performance in understanding and extracting data from complex documents.

5. What are the responsible use considerations for this model? Developers should be aware of potential biases and limitations, particularly in high-risk applications such as healthcare or legal advice. Additional verification and filtering layers are recommended.



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The Future of DeFi: Predicting the Next Frontier of Financial Freedom – Web3oclock

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The Future of DeFi: Predicting the Next Frontier of Financial Freedom – Web3oclock


Predictions and trends for the DeFi space 

Technological advancements shaping DeFi

The long-term outlook for decentralized finance

Growth and Evolution of DeFi

Trends and Predictions in DeFi:

Technological Advancements Shaping DeFi:

Long-Term Outlook for Decentralized Finance:

1. Mainstream Adoption and Global Financial Inclusion:

2. Integration with Central Bank Digital Currencies (CBDCs):



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Czech Republic’s Aovotice.cz Lauded By JazzJoyandRoy.com | Web3Wire

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Czech Republic’s Aovotice.cz Lauded By JazzJoyandRoy.com | Web3Wire


Czech Republic’s Aovotice.cz Lauded By JazzJoyandRoy.com | Web3Wire

Famous artwork created for Jazz Joy and Roy Global Radio by Kathryn Diane Gray

When Roy O’dell Gray worked morning drive on now-defunct WNWZ News Radio in Richmond, Virginia many moons before founding Jazz Joy and Roy Global Radio in 2007, he got a phone call from ‘Soul Train’ announcer Sid McCoy, thanking Gray for playing one of McCoy’s syndicated programs. McCoy’s gesture is the main reason that Gray tries to make a public “thank you” statement when independent websites drive new listeners to JazzJoyandRoy.com.

Aovotice.cz features a searchable “Jazz Joy and Roy” article by journalist Martin Kozminsky that has won Gray’s gratitude.

Gray says, “If a Sid McCoy was able to stop what he was doing to thank me, surely I can hit the multitasking pause button on giving my wife Kathy a four hour full-body massage under a warm blanket with one hand while running the over one hundred JazzJoyandRoy.com sister sites that power both the Jazz Joy and Roy Global Radio Network and the Bible Ball Inc charity with the other, all while doing thousands a multiplication math problems in my head to practice remaining clear-eyed during competitive tennis matches…to acknowledge Aovotice.cz and their readers in The Czech Republic and around the globe.”

In Gray’s eyes, “Global broadcasting is a tough business in which joy is fueled by sometimes surprising listener subjectivity, and you can bet your proverbial bottom dollar that, for every listener that writes to Request@JazzJoyandRoy.com to tell you a song is sensational, a little due diligence can find 5 listeners who will tell you the song is the worse thing since unsliced bread. With Aovotice.cz, the subjective ball bounced in our favor.”

Jazz Joy and Roy Global RadioMarital Relations Music Radio JJ&RComedy Song Global Radio JJ&RModern Country Global Radio JJ&RClassic Country Global Radio JJ&RChristian Global Radio JJ&RRoll The Rock Radio JJ&RCrossover Jazz Global Radio JJ&R10334 W. Peoria Ave.Sun City, AZ 85351Press Contact: Barbie BensonBarbieBenson@JazzJoyandRoy.com

Underwritten by Bible Ball Inc™, a nonprofit organization, Jazz Joy and Roy Global Radio’s JazzJoyandRoy.com operates over 100 sister sites and 7 global music radio stations, plus bonus stations, which support Bible Ball Inc initiatives to train volunteer Bible Ball Inc staff to play competitive amateur sports games like tennis and golf against amateur athletes who are awardedfree Bibles, sports lessons, tees, hats and a free 15 minute onsite post-game Bible study and refreshments…for participating.  For more information visit BibleBall.org. Jazz Joy and Roy Global Radio, the network credited, along with The View and Stevie Wonder, with the rise to superstardom of singer/actor Andra Day of “Rise Up” and “Billie Holiday” fame…is always looking for your help tracking down the following types of stories and more:

1. A portrait of a blind, bald author who has written extensively about doing business in Norway, Singapore or Japan.2. A day in the life of an irrepressible heart attack survivor who almost died, but never stops pursuing excellence in the fashionable socks industry.3. A look into the life of an elderly pastor who owns over 80 pets and is on a crusade to reduce Church gossip globally.4. A profile of an extremely tall person who has no arms, but owns multiple corporations and manages to hug scores of people with compassion.5. A full feature story on a business that employs fascinating family members in 40 or more countries..6. An interview with an individual who has collected more than a billion written prayer requests.

Write to: info@JazzJoyandRoy.com, info@BibleBall.org, Request@JazzJoyandRoy.com, PrayerRequest@JazzJoyandRoy.com, JesusLives@JazzJoyandRoy.com, ChurchAudioVisualPro@jazzjoyandroy.com, WhitePeopleHotline@JazzJoyandRoy.com, BlackPeopleHotline@JazzJoyandRoy.com, LatinaHotline@JazzJoyandRoy.com, AsianHotline@JazzJoyandRoy.com, JewishHotline@JazzJoyandRoy.com, GermanHotline@JazzJoyandRoy.com, ItalianHotline@JazzJoyandRoy.com, PhilippinoHotline@JazzJoyandRoy.com, PolishHotline@JazzJoyandRoy.com, GreekHotline@JazzJoyandRoy.com

This release was published on openPR.

About Web3Wire Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming. Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.



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DeFi Use Cases: Unlocking New Opportunities Across Industries – Web3oclock

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DeFi Use Cases: Unlocking New Opportunities Across Industries – Web3oclock


Various applications of DeFi in different sectors

Success stories and innovative DeFi projects

Future potential of DeFi applications

Applications of DeFi in Different Sectors:

Success Stories and Innovative DeFi Projects:

Top 5 DeFi Projects funding in 2023 by web3oclockTop 5 DeFi Projects funding in 2023 by web3oclock
Uniswap Labs Acquires by web3 o'clockUniswap Labs Acquires by web3 o'clock
AaveAave

Picture Courtesy: coin98.net

Future Potential of DeFi Applications:



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Here Is Today’s ‘Major’ Telegram Game Puzzle Durov Combo – Decrypt

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Here Is Today’s ‘Major’ Telegram Game Puzzle Durov Combo – Decrypt


Gaming and engagement platform Major has become one of the biggest mini apps on Telegram, tasking players with racking up stars in various ways—including by playing simple games. And one of them is inspired by Telegram’s co-creator.

Puzzle Durov is a daily challenge featuring cartoonish faces based on Telegram co-founder and CEO Pavel Durov, and it’s simple enough: Just pick out the right combination of different Durov faces in the correct order, and you’ll earn 5,000 stars. Easy as that!

It’s similar in vibe to the Tomarket combo, and it’s an easy way to rack up more stars ahead of the upcoming MAJOR token launch and airdrop on The Open Network (TON), which is currently set for sometime in November.

If you’re looking for the daily Puzzle Durov solution, you’ll find it right here in our daily-updated guide. Keep reading for today’s solution.

Daily Puzzle Durov solution

Puzzle Durov is located in the Major mini app on Telegram. Simply click the Games button at the bottom of the screen, and you’ll see Puzzle Durov at the time of the resulting list.

Simply tap the faces in the correct order, as shown below, and tap the “Check” button to claim your reward. You only get one try, so tap carefully. The daily puzzle is updated at 8pm ET each night.

Here is the Puzzle Durov solution updated on Thursday, November 7:

Image: Decrypt

Editor’s note: This story was originally published on October 17, 2024 and will be updated daily.

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Multimodal AI: LLaMA 3.2 90B Vision vs. GPT-4

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Multimodal AI: LLaMA 3.2 90B Vision vs. GPT-4


Artificial Intelligence (AI) is evolving rapidly, and one of the most exciting frontiers in this field is multimodal AI. This technology allows models to process and interpret information from different modalities, such as text, images, and audio. Two of the leading contenders in the multimodal AI space are LLaMA 3.2 90B Vision and GPT-4. Both models have shown tremendous potential in understanding and generating responses across various data formats, but how do they compare?

This article will examine both models, exploring their strengths and weaknesses and where each one excels in real-world applications.

What Is Multimodal AI?

Multimodal AI refers to systems capable of simultaneously processing and analyzing multiple types of data—like text, images, and sound. This ability is crucial for AI to understand context and provide richer, more accurate responses. For example, in a medical diagnosis, the AI might process both patient records (text) and X-rays (images) to give a comprehensive evaluation.

Multimodal AI can be found in many fields such as autonomous driving, robotics, and content creation, making it an indispensable tool in modern technology.

Overview of LLaMA 3.2 90B Vision

LLaMA 3.2 90B Vision is the latest iteration of the LLaMA series, designed specifically to handle complex multimodal tasks. With a whopping 90 billion parameters, this model is fine-tuned to specialize in both language and vision, making it highly effective in tasks that require image recognition and understanding.

One of its key features is its ability to process high-resolution images and perform tasks like object detection, scene recognition, and even image captioning with high accuracy. LLaMA 3.2 stands out due to its specialization in visual data, making it a go-to choice for AI projects that need heavy lifting in image processing.

Advantages:

Limitations:

Overview of GPT-4

GPT-4, on the other hand, is a more generalist model. Known for its robust language generation abilities, GPT-4 can now also handle visual data as part of its multimodal functionality. While not initially designed with vision as a primary focus, its integration of visual processing modules allows it to interpret images, understand charts, and perform tasks like image description.

GPT-4’s strength lies in its contextual understanding of language, paired with its newfound ability to interpret visuals, which makes it highly versatile. It may not be as specialized in vision tasks as LLaMA 3.2, but it is a powerful tool when combining text and image inputs.

Advantages:

Best-in-class text generation and understanding

Versatile across multiple domains, including multimodal tasks

Limitations:

Technological Foundations: LLaMA 3.2 vs. GPT-4

The foundation of both models lies in their neural architectures, which allow them to process data at scale.

Comparison Chart: LLaMA 3.2 90B Vision vs. GPT-4

FeatureLLaMA 3.2 90B VisionGPT-4

Model Size90 billion parametersOver 170 billion parameters (specific count varies)

Core FocusVision-centric (image analysis and understanding)Language-centric with multimodal (text + image) support

ArchitectureTransformer-based with specialization in vision tasksTransformer-based with multimodal extensions

Multimodal CapabilitiesStrong in vision + text, especially high-resolution imagesVersatile in text + image, more balanced integration

Vision Task PerformanceExcellent for tasks like object detection, image captioningGood, but not as specialized in visual analysis

Language Task PerformanceCompetent, but not as advanced as GPT-4Superior in language understanding and generation

Image RecognitionHigh accuracy in object and scene recognitionCapable, but less specialized

Image GenerationCan describe and analyze images but not generate new imagesDescribes, interprets, and can suggest visual content

Text GenerationStrong, but secondary to vision tasksBest-in-class for generating and understanding text

Training Data FocusPrimarily trained on large-scale image datasets with languageBalanced training on text and images

Real-World ApplicationsHealthcare imaging, autonomous driving, security, roboticsContent creation, customer support, education, coding

StrengthsSuperior visual understanding high accuracy in vision tasksVersatility across text, image, and multimodal tasks

WeaknessesWeaker in language tasks compared to GPT-4Less specialized in detailed image analysis

Open SourceSome versions are open-source (LLaMA 1 was open-source)Closed-source (proprietary model by OpenAI)

Use CasesBest for vision-heavy applications requiring precise image analysisIdeal for general AI, customer service, content generation, and multimodal tasks

LLaMA 3.2 90B Vision boasts an architecture optimized for large-scale vision tasks. Its neural network is designed to handle image inputs efficiently and understand complex visual structures.

GPT-4, in contrast, is built on a transformer architecture with a strong focus on text, though it now integrates modules to handle visual input. In terms of parameter count, it is larger than LLaMA 3.2 and has been tuned for more generalized tasks.

Vision Capabilities of LLaMA 3.2 90B

LLaMA 3.2 shines when it comes to vision-related tasks. Its ability to handle large images with high precision makes it ideal for industries requiring fine-tuned image recognition, such as healthcare or autonomous vehicles.

It can perform:

Thanks to its vision-centric design, LLaMA 3.2 excels in domains where precision and detailed visual understanding are paramount.

Vision Capabilities of GPT-4

Although not built primarily for vision tasks, GPT-4’s multimodal capabilities allow it to understand and interpret images. Its visual understanding is more about contextualizing images with text rather than deep technical visual analysis.

For example, it can:

Generate captions for images

Interpret basic visual data like charts

Combine text and images to provide holistic answers

While competent, GPT-4’s visual performance isn’t as advanced as LLaMA 3.2’s in highly technical fields like medical imaging or detailed object detection.

Language Processing Abilities of LLaMA 3.2

LLaMA 3.2 is not just a vision specialist; it also performs well in natural language processing. Though GPT-4 outshines it in this domain, LLaMA 3.2 can hold its own when it comes to:

However, its main strength still lies in vision-based tasks.

Language Processing Abilities of GPT-4

GPT-4 dominates when it comes to text. Its ability to generate coherent, contextually relevant responses is unparalleled. Whether it’s complex reasoning, storytelling, or answering highly technical questions, GPT-4 has proven itself a master of language.

Combined with its visual processing abilities, GPT-4 can offer a comprehensive understanding of multimodal inputs, integrating text and images in ways that LLaMA 3.2 may struggle with.

Multimodal Understanding: Key Differentiators

The key difference between the two models lies in how they handle multimodal data.

LLaMA 3.2 90B Vision specializes in integrating images with text, excelling in tasks that require deep visual analysis alongside language processing.

GPT-4, while versatile, leans more toward language but can still manage multimodal tasks effectively.

In real-world applications, LLaMA 3.2 might be better suited for industries heavily reliant on vision (e.g., autonomous driving), while GPT-4’s strengths lie in areas requiring a balance of language and visual comprehension, like content creation or customer service.

Training Data and Methodologies

LLaMA 3.2 and GPT-4 were trained on vast datasets, but their focus areas differed:

LLaMA 3.2 was trained with a significant emphasis on visual data alongside language, allowing it to excel in vision-heavy tasks.

GPT-4, conversely, was trained on a more balanced mix of text and images, prioritizing language while also learning to handle visual inputs.

Both models used advanced machine learning techniques like reinforcement learning from human feedback (RLHF) to fine-tune their responses and ensure accuracy.

Performance Metrics: LLaMA 3.2 vs. GPT-4

When it comes to performance, both models have their strengths:

LLaMA 3.2 90B Vision performs exceptionally well in vision-related tasks like object detection, segmentation, and image captioning.

GPT-4 outperforms LLaMA in text generation, creative writing, and answering complex queries that involve both text and images.

In benchmark tests for language tasks, GPT-4 has consistently higher accuracy, but LLaMA 3.2 scores better in image-related tasks.

Use Cases and Applications

LLaMA 3.2 90B Vision is ideal for fields like medical imaging, security, and autonomous systems that require advanced visual analysis.

GPT-4 finds its strength in customer support, content generation, and applications that blend both text and visuals, like educational tools.

Conclusion

In the battle of LLaMA 3.2 90B Vision vs. GPT-4, both models excel in different areas. LLaMA 3.2 is a powerhouse in vision-based tasks, while GPT-4 remains the champion in language and multimodal integration. Depending on the needs of your project—whether it’s high-precision image analysis or comprehensive text and image understanding—one model may be a better fit than the other.

FAQs

What is the main difference between LLaMA 3.2 and GPT-4? LLaMA 3.2 excels in visual tasks, while GPT-4 is stronger in text and multimodal applications.

Which AI is better for vision-based tasks? LLaMA 3.2 90B Vision is better suited for detailed image recognition and analysis.

How do these models handle multimodal inputs? Both models can process text and images, but LLaMA focuses more on vision, while GPT-4 balances both modalities.

Are LLaMA 3.2 and GPT-4 open-source? LLaMA has some open-source versions, but GPT-4 is a proprietary model.

Which model is more suitable for general AI applications? GPT-4 is more versatile and suitable for a broader range of general AI tasks.



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Chainlink’s Major Banking and Capital Markets Announcements | Chainlink Blog

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Chainlink’s Major Banking and Capital Markets Announcements | Chainlink Blog


Table of Contents

Chainlink’s Major Banking and Capital Markets Announcements

Financial Market Infrastructures

Smart NAV: Bringing Trusted Data to the Blockchain Ecosystem

Transforming Asset Servicing With AI, Oracles, and Blockchains

Swift and Chainlink Demonstrated a Secure and Scalable Way To Transfer Tokenized Assets Cross-Chain Using CCIP

Institutional Banks

Cross-Chain Settlement of Tokenized Assets Using CCIP

Chainlink Announces CCIP Private Transactions, With ANZ Bank Among the First to Use The Capability

Asset Managers

Sygnum and Fidelity International Partner With Chainlink To Provide Fund NAV Data Onchain

Monetary Authorities and Central Banks

SBI Digital Markets, UBS Asset Management, and Chainlink Are Enabling Next Generation Tokenized Funds

Swift, UBS Asset Management, and Chainlink Successfully Bridge Tokenized Assets with Existing Payment Systems

ADDX, ANZ, and Chainlink Introduce Privacy-Enabled Cross-Chain, Cross-Border Connectivity for Tokenized Commercial Paper



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DeFi Risks Unveiled: How to Protect Yourself in Decentralized Finance – Web3oclock

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DeFi Risks Unveiled: How to Protect Yourself in Decentralized Finance – Web3oclock


Risks and Challenges in DeFi

Common risks associated with DeFi investments 

Regulatory and security challenges

Risks and Challenges in DeFi:

1. Smart Contract Vulnerabilities:

2. Liquidity Issues:

3. Market Volatility:

4. Lack of Consumer Protection:

5. Complexity and Accessibility:

Common Risks Associated with DeFi Investments:

1. Impermanent Loss:

2. Rug Pulls and Scams:

3. Flash Loan Attacks:

4. Oracle Manipulation:

5. Governance Risks:

Regulatory and Security Challenges in DeFi:

1. Lack of Regulatory Clarity:

2. Security Breaches and Hacks:

3. Cross-Border Regulations:

4. Risk of Centralization in DeFi:

5. KYC and AML Compliance:

Mitigating Risks in DeFi:

1. Do Thorough Research:

2. Diversify Investments:

3. Use Reputable Wallets and Secure Your Private Keys:

4. Start Small and Scale Up Gradually:

5. Stay Updated on Regulations:

Subscribe to our newsletter for the latest updates, trends, and insights—let’s navigate the world of Web3 together!



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Ideogram 2.0: A Revolutionary AI Image Generator Compared to Flux Pro

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Ideogram 2.0: A Revolutionary AI Image Generator Compared to Flux Pro


AI image generators have been launching at an incredible pace recently, but Ideogram 2.0 stands out as one worth trying. This new version not only excels in photorealism but also offers a seamless user experience, along with API access, which is currently in beta.

Why Ideogram 2.0 is a Game Changer

Ideogram 2.0 has a lot going for it, starting with its free-to-try model, which requires no coding skills. With its user-friendly interface, it’s an excellent choice for both beginners and experienced users. When compared to FLUX Pro, it’s clear that Ideogram 2.0 can match or even surpass other platforms in terms of photorealism.

What is the biggest selling point of Ideogram 2.0? Its ability to provide not just beautiful images but a range of “magic prompts”—suggestions generated by the AI that enhance and diversify your results. Plus, for those serious about scaling their projects, API access is now available in beta.

My First Experience with Ideogram 2.0

For my initial test, I used the following prompt:

Prompt: A still-life photo of a bowl of fruit with oranges, bananas, and grapes. This is for a Pinterest post promoting healthy eating.

The results? Ideogram 2.0 generated four 1:1 images, each beautifully rendered with detail and vibrancy. It didn’t stop there. Ideogram’s “magic prompts” feature offered enhanced suggestions based on my original input. The resulting images were impressive, showing just how well the platform can cater to specific visual needs.

Standout Features of Ideogram 2.0

1. Memes and Deep Fakes

One of the more unique features of Ideogram 2.0 is its ability to create memes and deep fakes, including images of famous personalities. I experimented with a prompt asking for an image of Kamala Harris and Donald Trump shaking hands, and the results were strikingly realistic. However, users are advised to proceed cautiously when creating such content.

2. Design Style — Accurate Fonts and Text on Images

A major issue with some AI generators, like DALL-E3, is poor-quality fonts and frequent spelling errors embedded in generated images. Ideogram 2.0 solves this issue with enhanced text accuracy, making it a fantastic tool for creating professional designs, whether you’re crafting social media posts, greeting cards, or even marketing assets.

Example Prompt:“Ideogram 2.0 is a Game Changer! Show that in bold white letters and create a stylish billboard ad. This should look enticing for a viral Medium post, with AI and robot imagery in the background.”

The result was clean and compelling, showcasing just how well Ideogram handles fonts and overall design aesthetic.

3. Color Palette Control

This feature allows users to create images that adhere to a specific color scheme, offering full control over visual tones. Whether you’re a designer working on brand consistency or an artist looking for a specific mood, this functionality is a massive advantage.

4. AI Upscaling

AI upscaling refers to enhancing an image’s resolution using AI technology. While this feature is only available in the premium version, it’s worth noting for anyone looking to improve low-resolution images or restore older photos. The potential here is huge, especially for those who work with images professionally.

Ideogram 2.0 API — Easy to Use but Requires Deposit

Ideogram 2.0’s API is simple to navigate and packed with code snippets for developers. However, a minimum deposit of $40 is required to access this feature, which might be a drawback for casual users. Still, this investment could be well worth it for businesses looking to integrate Ideogram’s powerful AI capabilities.

Example of Python Script:

import requests

response = requests.post(
“https://api.ideogram.ai/generate”,
headers={
“Api-Key”: “”,
“Content-Type”: “application/json”
},
json={
“image_request”: {
“prompt”: “A serene tropical beach scene…”,
“aspect_ratio”: “ASPECT_10_16”,
“model”: “V_2”,
“magic_prompt_option”: “AUTO”
}
},
)
print(response.json())

Premium Features and Membership Pricing

Ideogram 2.0 offers a free tier with daily credits, making it accessible to a wide range of users. However, premium features—such as image upscaling, more customization, and API usage—come with a cost. If you’re serious about using the platform for professional or commercial purposes, upgrading might be worth considering. The platform’s pricing is clear and competitive.

How to Get Started with Ideogram 2.0

Getting started is easy. Head to Ideogram.ai and sign up for a free account. With daily credits, you can test the waters and explore the platform without spending a dime. If you like what you see, upgrading to a premium plan unlocks even more features.

Final Thoughts: Ideogram 2.0 is a Must-Try for AI Image Generation

In the crowded world of AI image generators, Ideogram 2.0 truly stands out. Its combination of ease of use, rich features, and superior image quality make it a fantastic tool for creatives, marketers, and anyone interested in AI art. Whether you’re generating social media posts, professional designs, or exploring deepfakes and memes, Ideogram 2.0 has you covered.

While the API deposit may be a drawback for some, the overall capabilities of the platform make it a serious contender against other AI tools like Flux Pro and MidJourney. If you’re looking to integrate AI into your visual workflows, Ideogram 2.0 is definitely worth checking out.

FAQs

1. Is Ideogram 2.0 free to use?Yes, Ideogram 2.0 offers a free tier with daily credits that allow users to generate a limited number of images.

2. How does Ideogram 2.0 compare to Flux Pro and MidJourney?In terms of photorealism and ease of use, Ideogram 2.0 is on par with Flux Pro and MidJourney, with the added advantage of its “magic prompts” and improved text accuracy.

3. What is the “magic prompt” feature?The magic prompt feature provides AI-generated suggestions that build on your original prompt, enhancing the variety and quality of images produced.

4. Is the API easy to use?Yes, the API is developer-friendly, but a $40 minimum deposit is required to access it.

5. Can I create deep fakes and memes with Ideogram 2.0?Yes, Ideogram 2.0 allows you to create deep fakes and memes, but users should be mindful of the ethical implications of using such content.



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