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! 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