Subj : OpenAI's $80B valuation 💰, China's Tesla rival 🚗, kids in the age of AI 🤖 To : tldr@synchro.net From : TLDR Date : Mon Feb 19 2024 11:35 am --sfcKkuSR Content-Type: text/plain; charset=utf-8 Content-Transfer-Encoding: quoted-printable OpenAI has finalized a deal that values it at more than $80 billion=C2= =A0=20 Sign Up [1]|Hire [2]|Advertise [3]|View Online [4]=20 =09=09TL= DR=20 TLDR 2024-02-19 =F0=9F=93=B1=20 BIG TECH & STARTUPS = MICROSOFT-BACKED OPENAI VALUED AT OVER $80 BILLION IN LATEST DEAL (2 MINU= TE READ) [5]=20 OpenAI has finalized a deal that values it at more than= $80 billion. The deal involves the sale of existing shares through a ten= der offer headed by venture firm Thrive Capital. It allows employees to= liquidate their shares in the company. OpenAI was valued at approximat= ely $29 billion early last year.=20 REDDIT HAS A NEW AI TRAINING DEAL T= O SELL USER CONTENT (2 MINUTE READ) [6]=20 Reddit has signed a deal w= ith an unnamed large AI company for access to its user-generated content = platform. The deal is worth about $60 million annually. It is still subje= ct to change as Reddit's plans to go public are still in the works. Compa= nies like OpenAI and Apple are also seeking to make deals with other plat= forms to use their data to train AI models.=20 =F0=9F=9A=80=20 SCIE= NCE & FUTURISTIC TECHNOLOGY NEW FDA-APPROVED DRUG MAKES SEVERE FOOD A= LLERGIES LESS LIFE-THREATENING (3 MINUTE READ) [7]=20 The FDA has app= roved an antibody drug called omalizumab (brand name Xolair) as an inject= ion to lessen allergic reactions to foods in people ages 1 and up. The dr= ug works by binding to a class of antibodies called immunoglobulin E, pre= venting them from triggering an allergic response. It doesn't eliminate f= ood allergies, but it will help reduce the health impact if accidental ex= posure occurs. The drug's effects are not universal - in studies, around = 17% of the people receiving the drug showed no significant improvement in= their sensitivity to allergy-triggering food.=20 SOFTBANK FOUNDER RE= PORTEDLY AIMS TO RAISE $100 BILLION TO BUILD AI CHIP COMPANY THAT WOULD R= IVAL NVIDIA =E2=80=94 PROJECT IZANAGI MIGHT LEVERAGE ARM DESIGN (2 MINUTE= READ) [8]=20 Project Izanagi is a new chip venture from Softbank's fou= nder that aims to compete with Nvidia in the artificial intelligence proc= essor space. The project seeks to complement Softbank's Arm Holdings, whi= ch designs processor architectures. It is unclear whether the AI proces= sors designed by Project Izanagi will rely on technologies developed by A= rm. The project may affect Arm's plans to create reference chip designs f= or various workloads. It is separate from any collaboration with OpenAI. = =F0=9F=92=BB=20 PROGRAMMING, DESIGN & DATA SCIENCE MAGIKA (G= ITHUB REPO) [9]=20 Magika is an AI-powered file type detection tool. It= uses a custom Keras model that only weighs around 1MB to enable precise = file identification within milliseconds when running on a single CPU. M= agika achieves over 99% precision and recall. It is used at scale at Goog= le to improve users' safety by routing files to the proper security and c= ontent policy scanners.=20 PWAS WON'T REPLACE NATIVE IOS APPS (5 MINUTE= READ) [10]=20 Supporting progressive web apps (PWAs) on iOS takes a lo= t of time and effort. While there is support for push notifications, ther= e are a lot of missing features and other issues. This article discusses = issues and bugs discovered when developing a PWA for iOS. Companies build= ing PWAs on iOS should not expect them to come close to a native experi= ence. Apple's choice to restrict PWA use in Europe is concerning.=20 = =F0=9F=8E=81=20 MISCELLANEOUS HOW CHINA BUILT BYD, ITS TESLA KILLE= R (10 MINUTE READ) [11]=20 BYD, China's leading electric vehicle compan= y, has posted two years of million-car growth in sales. The company was o= riginally a battery manufacturer when it showed off its first model in 20= 07. It passed Tesla in worldwide sales last year and is currently buildin= g assembly lines in Brazil, Hungary, Thailand, and Uzbekistan. This artic= le looks at the company, how it started, and its journey to where it is n= ow.=20 INTERVIEW: FIGMA=E2=80=99S CEO ON LIFE AFTER THE COMPANY= =E2=80=99S FAILED SALE TO ADOBE (14 MINUTE READ) [12]=20 Figma's CEO = Dylan Field offered employees severance if they wanted to leave the compa= ny after its blockbuster sale to Adobe was blocked by regulators. 4% of e= mployees took him up on the offer. While Figma appears to be in a stronge= r position than when it first agreed to sell to Adobe in 2022, Field also= lowered the company's internal valuation to $10 billion - the same numbe= r it was in 2021. Field wants to use Adobe's $1 billion breakup fee to lo= ok at new areas for Figma to expand to.=20 =E2=9A=A1=20 QUICK LINKS= RAISING CHILDREN ON THE EVE OF AI (8 MINUTE READ) [13]=20 The fu= ture is hard to imagine, but we shouldn't be afraid of it.=20 META= =E2=80=99S LLM FOR SOFTWARE TESTING WORK IS SUPER EXCITING (3 MINUTE READ= ) [14]=20 Meta=E2=80=99s TestGen-LLM tool uses large language models to= automatically improve existing human-written tests.=20 I WORRY OUR C= OPILOT IS LEAVING SOME PASSENGERS BEHIND (25 MINUTE READ) [15]=20 Git= Hub Copilot may be making accessibility on the web even worse than it alr= eady is.=20 MUSE RETROSPECTIVE (33 MINUTE READ) [16]=20 Muse starte= d as a project that aimed to invent a new computing environment that woul= d better serve people doing important knowledge work like scientists, wri= ters, entrepreneurs, designers, and architects.=20 ANDROID 15= =E2=80=99S FIRST DEVELOPER PREVIEW HAS ARRIVED (3 MINUTE READ) [17]=20 = The first official glimpse of Android 15 includes a lot of under-the-= hood tweaks to strengthen communication between hardware and software. = A BRIEF HISTORY OF SAAS AND WHAT'S NEXT (14 MINUTE READ) [18]=20 = What was once high-tech will eventually become background infrastructure= - SaaS will eventually become the infrastructure for artificial intellig= ence, robotics, biotech, and reforming manufacturing and space.=20 WAN= T THE BEST OF TLDR? =F0=9F=8F=86 Refer a friend to TLDR using the refe= rral link below, and we will send you the TLDR Hall of Fame, our 50 best = stories of all time! YOUR REFERRAL LINK - https://tldr.tech/tech?ref= =3D6061602 [19] WANT MORE TLDR? We also write newsletters for FOU= NDERS [20], AI [21], INFORMATION SECURITY [22], DESIGN [23], MARKETING [2= 4], CRYPTO [25], WEB DEV [26], PRODUCT [27], and DEVOPS [28]! We he= lp cutting edge companies hire world class technical talent through our j= ob listings. If you're hiring software engineers, AI/ML engineers, produc= t managers, designers or other tech talent, CLICK HERE TO LEARN MORE [2].= =20 If your company is interested in reaching an audience of tech exec= utives, decision-makers and engineers, you may want to ADVERTISE WITH US = [29].=20 If you have any comments or feedback, just respond to this emai= l!=20 Thanks for reading,=20 Dan Ni [30] and Stephen Flanders [31]=20 = If you don't want to receive future editions of TLDR, please=C2=A0click= here to unsubscribe [32].=20 =20 Links: ------ [1] https://tld= r.tech/signup?utm_source=3Dtldr&ref=3D6061602 [2] https://share.hsforms.c= om/1hmOFVmqOTrON_SRvaRqEbQee466?utm_source=3Dtldr&utm_medium=3Dnewsletter= [3] https://advertise.tldr.tech/?utm_source=3Dtldr&utm_medium=3Dnewslett= er&utm_campaign=3Dadvertisetopnav [4] https://actions.tldrnewsletter.com/= web-version?ep=3D1&lc=3Db5bb39ac-a04f-11ee-8692-6388dbdd6fd1&p=3D2d1d6eb0-c= ef0-11ee-b36f-49aadaf2623f&pt=3Dcampaign&t=3D1708342557&s=3Df04f07960377664= c0bf19718d5eaec1fcff8aaaaef20f4c0741c5c87aba0ee24 [5] https://www.pymnts.= com/cpi_posts/microsoft-backed-openai-valued-at-over-80-billion-in-latest-d= eal/?utm_source=3Dtldrnewsletter [6] https://www.theverge.com/2024/2/17/2= 4075670/reddit-ai-training-license-deal-user-content?utm_source=3Dtldrnewsl= etter [7] https://arstechnica.com/science/2024/02/fda-approves-first-drug= -to-lessen-food-allergies-before-accidental-eating/?utm_source=3Dtldrnewsle= tter [8] https://www.tomshardware.com/tech-industry/artificial-intelligen= ce/softbank-founder-reportedly-aims-to-raise-dollar100-billion-to-build-ai-= chip-company-that-would-rival-nvidia?utm_source=3Dtldrnewsletter [9] http= s://github.com/google/magika?utm_source=3Dtldrnewsletter [10] https://app= ..campsite.co/campsite/p/notes/rengvq2txami?utm_source=3Dtldrnewsletter [1= 1] https://www.nytimes.com/2024/02/12/business/byd-china-electric-vehicle.h= tml?unlocked_article_code=3D1.Wk0.wsvL.PMBLnnGc1sDM&smid=3Durl-share&utm_so= urce=3Dtldrnewsletter [12] https://www.theverge.com/2024/2/16/24075126/fi= gma-ceo-dylan-field-interview-after-adobe?utm_source=3Dtldrnewsletter [13= ] https://juliawise.net/raising-children-on-the-eve-of-ai/?utm_source=3Dtld= rnewsletter [14] https://twitter.com/nathanbenaich/status/175803624711560= 8317?utm_source=3Dtldrnewsletter [15] https://joshcollinsworth.com/blog/c= opilot?utm_source=3Dtldrnewsletter [16] https://adamwiggins.com/muse-retr= ospective/?utm_source=3Dtldrnewsletter [17] https://www.theverge.com/2024= /2/16/24074987/android-15-developer-preview-vanilla-ice-cream?utm_source=3D= tldrnewsletter [18] https://andercot.substack.com/p/a-brief-history-of-sa= as-and-whats?utm_source=3Dtldrnewsletter [19] https://tldr.tech/tech?ref= =3D6061602 [20] https://tldr.tech/founders [21] https://tldr.tech/ai = [22] https://tldr.tech/infosec [23] https://tldr.tech/design [24] https= ://tldr.tech/marketing [25] https://tldr.tech/crypto [26] https://tldr.= tech/webdev [27] https://tldr.tech/product [28] https://tldr.tech/devop= s [29] https://advertise.tldr.tech/?utm_source=3Dtldr&utm_medium=3Dnewsle= tter&utm_campaign=3Dadvertisecta [30] https://twitter.com/tldrdan [31] = https://twitter.com/SteveFlanders22 [32] https://actions.tldrnewsletter.c= om/unsubscribe?ep=3D1&l=3Dcfa2d55a-b7be-11e8-a3c9-06b79b628af2&lc=3Db5bb39a= c-a04f-11ee-8692-6388dbdd6fd1&p=3D2d1d6eb0-cef0-11ee-b36f-49aadaf2623f&pt= =3Dcampaign&pv=3D4&spa=3D1708340418&t=3D1708342557&s=3D00910251e3747a085538= e5d6c4b75d5130d7c38565f214b3708e5c8888136211 --sfcKkuSR Content-Type: text/html; charset=utf-8 Content-Transfer-Encoding: quoted-printable
OpenAI has finalized a deal that values it at more than $80 billion = ;

TLDR

TLDR 2024-02-19

=F0=9F= =93=B1

Big Tech & Startups

=20
Microsoft-backed OpenAI Val= ued at Over $80 Billion in Latest Deal (2 minute read)

OpenAI has finalized a deal that values= it at more than $80 billion. The deal involves the sale of existing shares= through a tender offer headed by venture firm Thrive Capital. It allows em= ployees to liquidate their shares in the company. OpenAI was valued at appr= oximately $29 billion early last year.
=20
=20
Reddit has a new AI trainin= g deal to sell user content (2 minute read)

Reddit has signed a deal with an unname= d large AI company for access to its user-generated content platform. The d= eal is worth about $60 million annually. It is still subject to change as R= eddit's plans to go public are still in the works. Companies like OpenAI an= d Apple are also seeking to make deals with other platforms to use their da= ta to train AI models.
=20
=F0=9F= =9A=80

Science & Futuristic Technology

=20
New FDA-approved drug makes= severe food allergies less life-threatening (3 minute read)

The FDA has approved an antibody drug c= alled omalizumab (brand name Xolair) as an injection to lessen allergic rea= ctions to foods in people ages 1 and up. The drug works by binding to a cla= ss of antibodies called immunoglobulin E, preventing them from triggering a= n allergic response. It doesn't eliminate food allergies, but it will help = reduce the health impact if accidental exposure occurs. The drug's effects = are not universal - in studies, around 17% of the people receiving the drug= showed no significant improvement in their sensitivity to allergy-triggeri= ng food.
=20
=20
Softbank founder reportedly= aims to raise $100 billion to build AI chip company that would rival Nvidi= a =E2=80=94 Project Izanagi might leverage Arm design (2 minute read)

Project Izanagi is a new chip venture f= rom Softbank's founder that aims to compete with Nvidia in the artificial i= ntelligence processor space. The project seeks to complement Softbank's Arm= Holdings, which designs processor architectures. It is unclear whether the= AI processors designed by Project Izanagi will rely on technologies develo= ped by Arm. The project may affect Arm's plans to create reference chip des= igns for various workloads. It is separate from any collaboration with Open= AI.
=20
=F0=9F= =92=BB

Programming, Design & Data Science

=20
Magika (GitHub Repo)

Magika is an AI-powered file type detec= tion tool. It uses a custom Keras model that only weighs around 1MB to enab= le precise file identification within milliseconds when running on a single= CPU. Magika achieves over 99% precision and recall. It is used at scale at= Google to improve users' safety by routing files to the proper security an= d content policy scanners.
=20
=20
PWAs won't replace native i= OS apps (5 minute read)

Supporting progressive web apps (PWAs) = on iOS takes a lot of time and effort. While there is support for push noti= fications, there are a lot of missing features and other issues. This artic= le discusses issues and bugs discovered when developing a PWA for iOS. Comp= anies building PWAs on iOS should not expect them to come close to a native= experience. Apple's choice to restrict PWA use in Europe is concerning.
=20
=F0=9F= =8E=81

Miscellaneous

<= /div>
=20
How China Built BYD, Its Te= sla Killer (10 minute read)

BYD, China's leading electric vehicle c= ompany, has posted two years of million-car growth in sales. The company wa= s originally a battery manufacturer when it showed off its first model in 2= 007. It passed Tesla in worldwide sales last year and is currently building= assembly lines in Brazil, Hungary, Thailand, and Uzbekistan. This article = looks at the company, how it started, and its journey to where it is now.
=20
=20
Interview: Figma=E2=80=99s = CEO on life after the company=E2=80=99s failed sale to Adobe (14 minute rea= d)

Figma's CEO Dylan Field offered employe= es severance if they wanted to leave the company after its blockbuster sale= to Adobe was blocked by regulators. 4% of employees took him up on the off= er. While Figma appears to be in a stronger position than when it first agr= eed to sell to Adobe in 2022, Field also lowered the company's internal val= uation to $10 billion - the same number it was in 2021. Field wants to use = Adobe's $1 billion breakup fee to look at new areas for Figma to expand to.
=20
=E2=9A= =A1

Quick Links

=20
Raising children on the eve= of AI (8 minute read)

The future is hard to imagine, but we s= houldn't be afraid of it.
=20
=20
Meta=E2=80=99s LLM for soft= ware testing work is super exciting (3 minute read)

Meta=E2=80=99s TestGen-LLM tool uses la= rge language models to automatically improve existing human-written tests.
=20
=20
I worry our Copilot is leav= ing some passengers behind (25 minute read)

GitHub Copilot may be making accessibil= ity on the web even worse than it already is.
=20
=20
Muse retrospective (33 minu= te read)

Muse started as a project that aimed to= invent a new computing environment that would better serve people doing im= portant knowledge work like scientists, writers, entrepreneurs, designers, = and architects.
=20
=20
Android 15=E2=80=99s first = developer preview has arrived (3 minute read)

The first official glimpse of Android 1= 5 includes a lot of under-the-hood tweaks to strengthen communication betwe= en hardware and software.
=20
=20
A Brief History of SaaS and= What's Next (14 minute read)

What was once high-tech will eventually= become background infrastructure - SaaS will eventually become the infrast= ructure for artificial intelligence, robotics, biotech, and reforming manuf= acturing and space.
=20

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Refer a friend to TLDR using the referral link below, and we will send y= ou the TLDR Hall of Fame, our 50 best stories of all time!

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We also write newsletters for founders, AI, information security, desig= n, marketing, crypto, web dev, product, and de= vops!

We help cutting edge companies hire world class technical talent through ou= r job listings. If you're hiring software engineers, AI/ML engineers, produ= ct managers, designers or other tech talent, click here to learn more= ..
If your company is interested in reaching an audi= ence of tech executives, decision-makers and engineers, you may want to advertise with us.

If you have any comments or feedback, just respon= d to this email!

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