Subj : Apple OpenAI deal details 📱, Tesla robot works 🤖, founder liquidity secret 💰 To : tldr@synchro.net From : TLDR Date : Thu Jun 13 2024 10:32 am --A4cgaNVa Content-Type: text/plain; charset=utf-8 Content-Transfer-Encoding: quoted-printable Apple and OpenAI's partnership isn't expected to generate meaningful reve= nue for either party, at least at the beginning=C2=A0=20 Sign Up [1] |A= dvertise [2]|View Online [3]=20 =09=09TLDR =09=09TOGETHER WITH [Mod= ern Treasury] [4] TLDR 2024-06-13 THE PAYMENTS PLATFORM FOR IPO-= READY COMPANIES=C2=A0(SPONSOR) [4]=20 IPOs are serious business = =E2=80=94 and you'll need your financial operations to be efficient, erro= r-free, and auditable well in advance. With Modern Treasury's AI-assis= ted payments infrastructure [4], you can: =09* Prevent write-offs a= nd reach 100% traceability on complex payment operations through continuo= us and precise reconciliation. =09* Improve operational readiness by str= eamlining your financial workflows for efficiency and scalability. =09= * Instill confidence in investors, partners, and regulatory bodies by pro= viding real-time visibility into financial operations. See how smooth = money movement can be [4] =E2=86=97=EF=B8=8F =F0=9F=93=B1=20 BIG TE= CH & STARTUPS APPLE TO =E2=80=98PAY' OPENAI FOR CHATGPT THROUGH DISTR= IBUTION, NOT CASH (5 MINUTE READ) [5]=20 Apple and OpenAI's partnersh= ip isn't expected to generate meaningful revenue for either party, at lea= st at the beginning. Apple believes that pushing OpenAI's brand and techn= ology to its devices is of equal or greater value than monetary payments = so it isn't paying OpenAI as part of the deal. The deal isn't exclusive -= Apple is already discussing offering other chatbots as additional option= s. Apple eventually plans to make money from AI by striking revenue-shari= ng agreements with AI partners.=20 META TO REDUCE VP POSITIONS FROM 3= 00 TO 250 (2 MINUTE READ) [6]=20 Meta is reportedly looking to cut down= on its number of vice-president positions from 300 to about 250. The com= pany's job cuts were guided by principles focused on making Meta an even = stronger technology company. These principles included removing multiple = layers of management, canceling projects, making every organization leane= r, building an optimal ratio of engineers to other roles, and investing= in AI and other tools. Meta's capital expenditures on AI and Reality L= abs will range between $35 billion and $40 billion by the end of 2024. = =F0=9F=9A=80=20 SCIENCE & FUTURISTIC TECHNOLOGY TESLA CLAIMS= IT HAS 2 OPTIMUS HUMANOID ROBOTS WORKING AUTONOMOUSLY IN FACTORY (3 MINU= TE READ) [7]=20 A recent tweet from Tesla's official account listed a r= undown of the company's accomplishments under Elon Musk's leadership sinc= e 2018, when the $55 billion pay package was approved by shareholders. Th= e last item on the list claims that the company has two Optimus robots = performing tasks in a factory autonomously. Musk recently said that the O= ptimus robot might go on sale as soon as next year. It is expected to cos= t 'less than half of a car'.=20 GIANT CHIPS GIVE SUPERCOMPUTERS A RUN F= OR THEIR MONEY (4 MINUTE READ) [8]=20 Cerebras, a California-based co= mpany, has demonstrated that its second-generation wafer-scale engine is = significantly faster than the world's faster supercomputer in molecular d= ynamics calculations. It can also perform sparse large language model inf= erence at one-third of the energy cost of a full model without losing any= accuracy. Both achievements are possible due to the interconnects and fa= st memory access enabled by Cerebras' hardware. Cerebras is looking to ex= tend the applications of its wafer-scale engine to a larger class of pr= oblems, including molecular dynamics simulations of biological processes = and simulations of airflow around vehicles.=20 =F0=9F=92=BB=20 PROGRA= MMING, DESIGN & DATA SCIENCE FORGET THE DARK WEB. DATA BROKERS ARE SE= LLING YOUR PERSONAL DATA TO BAD ACTORS =E2=80=94 AND IT'S PERFECTLY LEGAL= (SPONSOR) [9]=20 Data brokers build shadow profiles of you that includ= e a frightening amount of personal details. They sell them to scammers, i= nsurance companies, banks, businesses, and even the government. And to st= op this, you'd need to contact hundreds of data brokers=E2=80=A6 or just = use Incogni [10]. 3 minutes to set up, 180+ data brokers tackled. Use cod= e TLDR60 for a 60% discount [10]=20 RESTATE (GITHUB REPO) [11]=20 = Restate is a platform for building resilient applications that tolerate = all infrastructure faults. It enables developers to easily build workflow= s, event-driven applications, and distribute services in a fault-tolerant= manner with durable async/await. Restate is great at building lambda wor= kflows as code, transactional RPC handlers, event processing with Kafka, = and more. It supports TypeScript, Java, and Kotlin.=20 NLUX (GITHUB R= EPO) [12]=20 NLUX is a conversational AI JavaScript library that provid= es a UI for large language models. It makes it super simple to integrate = powerful large language models into web apps. NLUX features React compone= nts and hooks, LLM adapters, streaming LLM output, and custom renderers. = =F0=9F=8E=81=20 MISCELLANEOUS SILICON VALLEY'S BEST KEPT SEC= RET: FOUNDER LIQUIDITY (7 MINUTE READ) [13]=20 Founder liquidity is t= he practice where founders sell a portion of their shares during a fundin= g round. It allows founders to reduce risk and secure personal financial = stability while continuing to build the company with a fresh influx of ve= nture capital. The practice is often kept secret because it undermines th= e narrative of the founder who is 'all-in'. It might change how startups = are perceived and valued if it were widely known that founders could de-r= isk their financial position while their employees remained all-in.=20 = SPREADSHEET SUPERSTARS (40 MINUTE READ) [14]=20 Competitive Excel i= s a real thing. The Excel World Championship was recently held at the MGM= in Las Vegas. This article takes readers to the front rows of the event.= It details what the competition entails and what the event was like. Whi= le the event may never be mainstream, it proves that spreadsheeting can b= e a sport.=20 =E2=9A=A1=20 QUICK LINKS =E2=9C=88=EF=B8=8F SPEND= $1 TODAY, SAVE UP TO $2K ON YOUR NEXT VACATION (SPONSOR) [15]=20 For= the next 12 hours, try Dollar Flight Club for just $1. [15] Fly to Hawai= i from $109. Greece from $247. Or Mexico from $137. The $1 deal is only h= ere for 12 hours. Join 1 million members [15] for just $1 today.=20 T= HE VIDEO GAME INDUSTRY HAS SET A TRAGIC NEW RECORD FOR IN-YEAR LAYOFFS (1= 8 MINUTE READ) [16]=20 10,900 video game industry employees have been l= aid off so far in 2024 compared to the prior record of 10,500 in 2023. = NVIDIA CONQUERS LATEST AI TESTS (4 MINUTE READ) [17]=20 Systems = powered by Nvidia's Hopper architecture dominated the results of two new = tests from MLPerf, an AI benchmarking suite, that compare the fine-tuning= of large language models and training of graph neural networks.=20 E= LON MUSK RECONSIDERS PHONE PROJECT AFTER APPLE INTELLIGENCE OPENAI INTEGR= ATION (4 MINUTE READ) [18]=20 Elon Musk responded to Apple's integratio= n of OpenAI ChatGPT on some of its devices by threatening to ban all Appl= e devices from the premises of his companies.=20 OPENAI DOUBLES ANNUA= LIZED REVENUE TO $3.4 BILLION (2 MINUTE READ) [19]=20 The vast majori= ty of the revenue comes from OpenAI's products and services - the company= has been working to boost revenue by selling services to enterprise cust= omers.=20 FIREFOX WILL UPGRADE MORE MIXED CONTENT IN VERSION 127 (3 MIN= UTE READ) [20]=20 Firefox will start automatically upgrading audio, v= ideo, and image subresources from HTTP to HTTPS starting with version 127= ..=20 AI WILL MAKE MONEY SOONER THAN YOU'D THINK (54 MINUTE READ) [21] = This article contains a transcript of an interview with Aidan Gomez,= CEO of Cohere, where he discusses Cohere's path to profitability, the = benefit of competition in the enterprise space, AI's current abilities, t= he future of large language models, and more.=20 Love TLDR? Tell your fr= iends and get rewards! Share your referral link below with friends to= get free TLDR swag!=20 https://refer.tldr.tech/1fd848fa/ [22]=20 = =09=09Track your referrals here. [23] Want to advertise in TLDR? = =F0=9F=93=B0 If your company is interested in reaching an audience of= tech executives, decision-makers and engineers, you may want to ADVERTIS= E WITH US [24].=20 If you have any comments or feedback, just respond= to this email!=20 Thanks for reading,=20 Dan Ni & Stephen Flanders=20 = If you don't want to receive future editions of TLDR, please unsubscri= be from TLDR [25] or manage all of your TLDR newsletter subscriptions [26= ].=20 =20 Links: ------ [1] https://tldr.tech/signup?utm_source= =3Dtldr [2] https://advertise.tldr.tech/?utm_source=3Dtldr&utm_medium=3Dn= ewsletter&utm_campaign=3Dadvertisetopnav [3] https://a.tldrnewsletter.com= /web-version?ep=3D1&lc=3Db5bb39ac-a04f-11ee-8692-6388dbdd6fd1&p=3D90a605fe-= 294b-11ef-8fb3-f3e5c6411422&pt=3Dcampaign&t=3D1718274774&s=3D14c3be1a958508= 22ddc5a77161979cea3145409712c709589e5173ee298d092c [4] https://go.modernt= reasury.com/3X4cR8x [5] https://www.bloomberg.com/news/articles/2024-06-1= 2/apple-to-pay-openai-for-chatgpt-through-distribution-not-cash?accessToken= =3DeyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGV= kQXJ0aWNsZSIsImlhdCI6MTcxODIzODgyNSwiZXhwIjoxNzE4ODQzNjI1LCJhcnRpY2xlSWQiOi= JTRVhOTjlUMEFGQjQwMCIsImJjb25uZWN0SWQiOiJFQTExNDNDNTM4NEE0RUY5QTg5RjJEN0IxM= Tg2MzcwOSJ9.Ger9daQzJU8oCPduPpYyIv09c-rH3LP0NnsfH5mYCSo&utm_source=3Dtldrne= wsletter [6] https://www.pymnts.com/meta/2024/report-meta-to-reduce-vp-po= sitions-from-300-to-250/?utm_source=3Dtldrnewsletter [7] https://electrek= ..co/2024/06/12/tesla-2-optimus-humanoid-robots-working-autonomously-factory= /?utm_source=3Dtldrnewsletter [8] https://spectrum.ieee.org/cerebras-wafe= r-scale-engine?utm_source=3Dtldrnewsletter [9] https://get.incogni.io/aff= _c?offer_id=3D1151&aff_id=3D16286&utm_source=3Dtldrnewsletter [10] https:= //get.incogni.io/aff_c?offer_id=3D1151&aff_id=3D16286 [11] https://github= ..com/restatedev/restate?utm_source=3Dtldrnewsletter [12] https://github.c= om/nlkitai/nlux?utm_source=3Dtldrnewsletter [13] https://www.stefantheard= ..com/silicon-valleys-best-kept-secret-founder-liquidity/?utm_source=3Dtldrn= ewsletter [14] https://www.theverge.com/c/24133822/microsoft-excel-spread= sheet-competition-championship?utm_source=3Dtldrnewsletter [15] https://l= inks.tldrnewsletter.com/C5jjsn [16] https://threadreaderapp.com/thread/18= 00912075171999884.html?utm_source=3Dtldrnewsletter [17] https://spectrum.= ieee.org/mlperf-nvidia-conquers?utm_source=3Dtldrnewsletter [18] https://= www.teslarati.com/elon-musk-reconsiders-phone-apple-intelligence-openai-cha= tgpt-integration/?utm_source=3Dtldrnewsletter [19] https://finance.yahoo.= com/news/openai-doubles-annualized-revenue-3-232851705.html?utm_source=3Dtl= drnewsletter [20] https://blog.mozilla.org/security/2024/06/05/firefox-wi= ll-upgrade-more-mixed-content-in-version-127/?utm_source=3Dtldrnewsletter= [21] https://www.theverge.com/24173858/ai-cohere-aidan-gomez-money-reven= ue-llm-transformers-enterprise-stochastic-parrot?utm_source=3Dtldrnewslette= r [22] https://refer.tldr.tech/1fd848fa/ [23] https://hub.sparklp.co/su= b_32edf8dd66ae/1 [24] https://advertise.tldr.tech/?utm_source=3Dtldr&utm_= medium=3Dnewsletter&utm_campaign=3Dadvertisecta [25] https://a.tldrnewsle= tter.com/unsubscribe?ep=3D1&l=3Dcfa2d55a-b7be-11e8-a3c9-06b79b628af2&lc=3Db= 5bb39ac-a04f-11ee-8692-6388dbdd6fd1&p=3D90a605fe-294b-11ef-8fb3-f3e5c641142= 2&pt=3Dcampaign&pv=3D4&spa=3D1718272827&t=3D1718274774&s=3De349c2c025c8383d= 21c38263163457b3347bbb9fe930fe7e316d3a0441108a87 [26] https://tldr.tech/t= ech/manage?email=3Dtldr%40synchro.net --A4cgaNVa Content-Type: text/html; charset=utf-8 Content-Transfer-Encoding: quoted-printable TLDR
Apple and OpenAI's partnership isn't expected to generate mean= ingful revenue for either party, at least at the beginning 

TLDR

Together With 3D"Modern

TLDR 2024-06-13

The payments platform for I= PO-ready companies (Sponsor)

IPOs are serious business =E2=80=94 and= you'll need your financial operations to be efficient, error-free, and aud= itable well in advance.

With Modern Treasury's AI-assisted payments infrastructure, y= ou can:

  • Prevent write-offs and reach 100% traceability on complex payment opera= tions through continuous and precise reconciliation.
  • Improve operational readiness by streamlining your financial workflows = for efficiency and scalability.
  • Instill confidence in investors, partners, and regulatory bodies by pro= viding real-time visibility into financial operations.

See how smooth money moveme= nt can be =E2=86=97=EF=B8=8F

=F0=9F= =93=B1

Big Tech & Startups

Apple to =E2=80=98Pay' Open= AI for ChatGPT Through Distribution, Not Cash (5 minute read)

Apple and OpenAI's partnership isn't ex= pected to generate meaningful revenue for either party, at least at the beg= inning. Apple believes that pushing OpenAI's brand and technology to its de= vices is of equal or greater value than monetary payments so it isn't payin= g OpenAI as part of the deal. The deal isn't exclusive - Apple is already d= iscussing offering other chatbots as additional options. Apple eventually p= lans to make money from AI by striking revenue-sharing agreements with AI p= artners.
Meta to Reduce VP Positions= From 300 to 250 (2 minute read)

Meta is reportedly looking to cut down = on its number of vice-president positions from 300 to about 250. The compan= y's job cuts were guided by principles focused on making Meta an even stron= ger technology company. These principles included removing multiple layers = of management, canceling projects, making every organization leaner, buildi= ng an optimal ratio of engineers to other roles, and investing in AI and ot= her tools. Meta's capital expenditures on AI and Reality Labs will range be= tween $35 billion and $40 billion by the end of 2024.
=F0=9F= =9A=80

Science & Futuristic Technology

Tesla claims it has 2 Optim= us humanoid robots working autonomously in factory (3 minute read)

A recent tweet from Tesla's official ac= count listed a rundown of the company's accomplishments under Elon Musk's l= eadership since 2018, when the $55 billion pay package was approved by shar= eholders. The last item on the list claims that the company has two Optimus= robots performing tasks in a factory autonomously. Musk recently said that= the Optimus robot might go on sale as soon as next year. It is expected to= cost 'less than half of a car'.
Giant Chips Give Supercompu= ters a Run for Their Money (4 minute read)

Cerebras, a California-based company, h= as demonstrated that its second-generation wafer-scale engine is significan= tly faster than the world's faster supercomputer in molecular dynamics calc= ulations. It can also perform sparse large language model inference at one-= third of the energy cost of a full model without losing any accuracy. Both = achievements are possible due to the interconnects and fast memory access e= nabled by Cerebras' hardware. Cerebras is looking to extend the application= s of its wafer-scale engine to a larger class of problems, including molecu= lar dynamics simulations of biological processes and simulations of airflow= around vehicles.
=F0=9F= =92=BB

Programming, Design & Data Science

Forget the dark web. Data b= rokers are selling your personal data to bad actors =E2=80=94 and it's perf= ectly legal (Sponsor)

Data brokers build shadow profiles of y= ou that include a frightening amount of personal details. They sell them to= scammers, insurance companies, banks, businesses, and even the government.= And to stop this, you'd need to contact hundreds of data brokers=E2=80=A6 = or just use Incogni. 3 minutes to set up, 180+ data brokers tackled.= Use= code TLDR60 for a 60% discount
Restate (GitHub Repo)

Restate is a platform for building resi= lient applications that tolerate all infrastructure faults. It enables deve= lopers to easily build workflows, event-driven applications, and distribute= services in a fault-tolerant manner with durable async/await. Restate is g= reat at building lambda workflows as code, transactional RPC handlers, even= t processing with Kafka, and more. It supports TypeScript, Java, and Kotlin= ..
NLUX (GitHub Repo)

NLUX is a conversational AI JavaScript = library that provides a UI for large language models. It makes it super sim= ple to integrate powerful large language models into web apps. NLUX feature= s React components and hooks, LLM adapters, streaming LLM output, and custo= m renderers.
=F0=9F= =8E=81

Miscellaneous

<= /div>
Silicon Valley's Best Kept = Secret: Founder Liquidity (7 minute read)

Founder liquidity is the practice where= founders sell a portion of their shares during a funding round. It allows = founders to reduce risk and secure personal financial stability while conti= nuing to build the company with a fresh influx of venture capital. The prac= tice is often kept secret because it undermines the narrative of the founde= r who is 'all-in'. It might change how startups are perceived and valued if= it were widely known that founders could de-risk their financial position = while their employees remained all-in.
Spreadsheet Superstars (40 = minute read)

Competitive Excel is a real thing. The = Excel World Championship was recently held at the MGM in Las Vegas. This ar= ticle takes readers to the front rows of the event. It details what the com= petition entails and what the event was like. While the event may never be = mainstream, it proves that spreadsheeting can be a sport.
=E2=9A= =A1

Quick Links

The video game industry has= set a tragic new record for in-year layoffs (18 minute read)

10,900 video game industry employees ha= ve been laid off so far in 2024 compared to the prior record of 10,500 in 2= 023.
Nvidia Conquers Latest AI T= ests (4 minute read)

Systems powered by Nvidia's Hopper arch= itecture dominated the results of two new tests from MLPerf, an AI benchmar= king suite, that compare the fine-tuning of large language models and train= ing of graph neural networks.
Elon Musk reconsiders phone= project after Apple Intelligence OpenAI integration (4 minute read)

Elon Musk responded to Apple's integrat= ion of OpenAI ChatGPT on some of its devices by threatening to ban all Appl= e devices from the premises of his companies.
OpenAI Doubles Annualized R= evenue to $3.4 Billion (2 minute read)

The vast majority of the revenue comes = from OpenAI's products and services - the company has been working to boost= revenue by selling services to enterprise customers.
Firefox will upgrade more M= ixed Content in Version 127 (3 minute read)

Firefox will start automatically upgrad= ing audio, video, and image subresources from HTTP to HTTPS starting with v= ersion 127.
AI will make money sooner t= han you'd think (54 minute read)

This article contains a transcript of a= n interview with Aidan Gomez, CEO of Cohere, where he discusses Cohere's pa= th to profitability, the benefit of competition in the enterprise space, AI= 's current abilities, the future of large language models, and more.

Love TLDR? Tell your friends and get rewards!

Share your referral link below with friends to get free TLDR swag!
Trac= k your referrals here.

Want to advertise in TLDR? =F0=9F=93=B0

If your company is interested in reaching an audience of tech executives, d= ecision-makers and engineers, you may want to advertise with us.

If you have any comments or feedback, just respond to this email!

Thanks for reading,
Dan Ni & Stephen Flanders


If you don't want to receive fu= ture editions of TLDR, please unsubscribe = from TLDR or manage all of your TLDR newsletter subscriptions<= /a>.

3D"" --A4cgaNVa-- .