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May 27, 2024, 6:30 PM
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| xAI: |
xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says at a pre-money valuation of $18B — xAI is pleased to announce our series B funding round of $6 billion. — xAI is pleased to announce...
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Forums: Hacker News, r/elonmusk, and r/singularity
| Axios: |
Elon Musk says all of the $6B in xAI's Series B is new money, rather than shares “given” to investors in his Twitter takeover; some investors also backed OpenAI — - That said, there's plenty of overlap in the investor list, and it's unclear if the original Twitter/X backers … | Mark Gurman / Bloomberg: |
A closer look at Apple's AI strategy: Project Greymatter, local and cloud LLM data processing, Siri, sealing a chatbot partnership deal with OpenAI, and more — Though Apple's first set of modern AI features won't be as impressive as rival offerings, the company is betting that its massive customer base can give it an edge.
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Forums: r/technology, r/singularity, r/ChatGPT, r/apple, and r/OpenAI
| Lulu Garcia-Navarro / New York Times: |
Q&A with Netflix's Ted Sarandos on the state of Hollywood, shifting US tastes, programming strategy, ads, corporate activism, YouTube, live events, AI, and more — Devin Oktar Yalkin for The New York Times — If you're anything like me, you probably spent some large portion of this week sitting on your couch watching Netflix.
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X: @carnage4life, @enigmamfilms, @nick_field90, @pmathew814, @carnage4life, @webbarr, and @discussingfilm
Forums: r/technology, r/Fauxmoi, and r/netflix
| Michael Nuñez / VentureBeat: |
Researchers find that GPT-4 can outperform human analysts in predicting the direction of future corporate earnings even when given only financial statements — Researchers from the University of Chicago have demonstrated that large language models (LLMs) can conduct financial statement analysis …
More: SSRN, PCMag, TechRadar, Neowin, WinBuzzer, MSPoweruser, MEDIANAMA, SiliconANGLE, and MarkTechPost
X: @groby, @technofrontiers, @holdenmatt, @vjhaapalahti, @rokas_kruminas, @pftg, @hypermindai, @jamescham, @agpatriota, @jacobi_torsten, @jessebenisrael, and @emollick. LinkedIn: Luc Pettett. Forums: Hacker News
| Reuters: |
China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country's semiconductor industry — China has set up a new state-backed investment fund with registered capital of 344 billion yuan ($47.5 billion) to boost the country's semiconductor industry.| Wall Street Journal: |
An analysis of ChatGPT, Claude, Copilot, Gemini, and Perplexity's responses to some real-life questions and everyday tasks: Perplexity ranked first overall — We tested OpenAI's ChatGPT against Microsoft's Copilot and Google's Gemini, along with Perplexity and Anthropic's Claude. Here's how they ranked.
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| Rita Liao / TechCrunch: |
Data.ai: of the top 20 education apps in the US App Store, five are AI agents that help with school assignments, the two most popular of which are Chinese-owned — Evan, a high school sophomore from Houston, was stuck on a calculus problem. He pulled up Answer AI on his iPhone …
More: Tech in Asia. Mastodon: @BrideOfLinux@mastodon …. X: @emollick. LinkedIn: Abhishek Sharma and Randy Wilkins
Forums: r/technology and r/singularity
| Stephanie Stacey / Financial Times: |
Dating apps are trying to woo Gen Z women by boosting moderation tools and more; Tinder has consistently lost MAUs since 2021 and paid subs fell under 10M in Q1 — Gen Z is a priority for Tinder and Bumble but threats and unsolicited material from potential suitors often turn users off| John Koblin / New York Times: |
A look at the growing importance of ads for video streaming services, as Antenna says that 56% of new subscribers chose the cheaper ad-supported tier in Q1 2024 — Ads are here, there — almost everywhere — on streaming services now. — Not long ago, streaming TV came with a promise … | Foo Yun Chee / Reuters: |
Meta adds safety features to CrowdTangle for use during the EU elections, in a bid to address EU concerns over Meta's plan to shut down the tool in August 2024 — Meta Platforms (META.O) has added safety features to its misinformation tracking tool CrowdTangle for use during European Parliament elections …
X: @orestepollicino, @clothildegouj, @mathver, and @rajiinio
| Louise Matsakis / Big Technology: |
How Shein and Temu, which are spending billions on digital ads and offering steep discounts or free products, have become big threats to Amazon in the US — In the fall of 2020, Amazon looked unstoppable. The pandemic lockdowns had supercharged its e-commerce business …
X: @carnage4life, @carnage4life, @joshuaogundu, @lmatsakis, and @kantrowitz
Sponsor Posts
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