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
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Apple and OpenAI's partnership isn't expected to generate meaningful
reve=
nue for either party, at least at the beginning=C2=A0=20
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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
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=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)
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ere for 12 hours. Join 1 million members [15] for just
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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
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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
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.
|
|
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.
|
|
Programming, Design & Data Science
|
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.
|
|
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.
|
|
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.
|
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
|
|
|
|
|
--A4cgaNVa--
.