Apple and OpenAI's partnership isn't expected to generate meaningful
revenue for either party, at least at the beginning

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TLDR

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TLDR 2024-06-13

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BIG TECH & STARTUPS

APPLE TO `PAY' OPENAI FOR CHATGPT THROUGH DISTRIBUTION, NOT CASH (5
MINUTE READ) [5]

Apple and OpenAI's partnership isn't expected to generate meaningful
revenue for either party, at least at the beginning. Apple believes
that pushing OpenAI's brand and technology 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 options. Apple
eventually plans to make money from AI by striking revenue-sharing
agreements with AI partners.

META TO REDUCE VP POSITIONS FROM 300 TO 250 (2 MINUTE READ) [6]

Meta is reportedly looking to cut down on its number of
vice-president positions from 300 to about 250. The company'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 leaner,
building an optimal ratio of engineers to other roles, and investing
in AI and other tools. Meta's capital expenditures on AI and Reality
Labs will range between $35 billion and $40 billion by the end of
2024.

¨

SCIENCE & FUTURISTIC TECHNOLOGY

TESLA CLAIMS IT HAS 2 OPTIMUS HUMANOID ROBOTS WORKING AUTONOMOUSLY IN
FACTORY (3 MINUTE READ) [7]

A recent tweet from Tesla's official account listed a rundown of the
company's accomplishments under Elon Musk's leadership since 2018,
when the $55 billion pay package was approved by shareholders. 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 SUPERCOMPUTERS A RUN FOR THEIR MONEY (4 MINUTE READ)
[8]

Cerebras, a California-based company, has demonstrated that its second-generation wafer-scale engine is significantly faster than the
world's faster supercomputer in molecular dynamics calculations. 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 enabled by Cerebras' hardware. Cerebras is looking to extend
the applications of its wafer-scale engine to a larger class of
problems, including molecular dynamics simulations of biological
processes and simulations of airflow around vehicles.

¨

PROGRAMMING, DESIGN & DATA SCIENCE

FORGET THE DARK WEB. DATA BROKERS ARE SELLING YOUR PERSONAL DATA TO
BAD ACTORS Ä AND IT'S PERFECTLY LEGAL (SPONSOR) [9]

Data brokers build shadow profiles of you 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... or just use
Incogni [10]. 3 minutes to set up, 180+ data brokers tackled. Use code
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RESTATE (GITHUB REPO) [11]

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tolerate all infrastructure faults. It enables developers to easily
build workflows, event-driven applications, and distribute services in
a fault-tolerant manner with durable async/await. Restate is great at
building lambda workflows as code, transactional RPC handlers, event
processing with Kafka, and more. It supports TypeScript, Java, and
Kotlin.

NLUX (GITHUB REPO) [12]

NLUX is a conversational AI JavaScript library that provides a UI for
large language models. It makes it super simple to integrate powerful
large language models into web apps. NLUX features React components
and hooks, LLM adapters, streaming LLM output, and custom renderers.

¨

MISCELLANEOUS

SILICON VALLEY'S BEST KEPT SECRET: FOUNDER LIQUIDITY (7 MINUTE READ)
[13]

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 continuing to build the
company with a fresh influx of venture capital. The practice is often
kept secret because it undermines the 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-risk their financial position
while their employees remained all-in.

SPREADSHEET SUPERSTARS (40 MINUTE READ) [14]

Competitive Excel is 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. While the event may never be mainstream,
it proves that spreadsheeting can be a sport.

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$1 today.

THE VIDEO GAME INDUSTRY HAS SET A TRAGIC NEW RECORD FOR IN-YEAR
LAYOFFS (18 MINUTE READ) [16]

10,900 video game industry employees have been laid off so far in
2024 compared to the prior record of 10,500 in 2023.

NVIDIA CONQUERS LATEST AI TESTS (4 MINUTE READ) [17]

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.

ELON MUSK RECONSIDERS PHONE PROJECT AFTER APPLE INTELLIGENCE OPENAI INTEGRATION (4 MINUTE READ) [18]

Elon Musk responded to Apple's integration of OpenAI ChatGPT on some
of its devices by threatening to ban all Apple devices from the
premises of his companies.

OPENAI DOUBLES ANNUALIZED REVENUE TO $3.4 BILLION (2 MINUTE READ)
[19]

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 MIXED CONTENT IN VERSION 127 (3 MINUTE
READ) [20]

Firefox will start automatically upgrading audio, video, and image subresources from HTTP to HTTPS starting with version 127.

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, the future of large language models, and more.

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Thanks for reading,
Dan Ni & Stephen Flanders

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[4] https://go.moderntreasury.com/3X4cR8x
[5] https://www.bloomberg.com/news/articles/2024-06-12/apple-to-pay-openai-for-chatgpt-through-distribution-not-cash?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTcxODIzODgyNSwiZXhwIjoxNzE4ODQzNjI1LCJhcnRpY2xlSWQiOiJTRVhOTjlUMEFGQjQwMCIsImJjb25uZWN0SWQiOiJFQTExNDNDNTM4NEE0RUY5QTg5RjJEN0IxMTg2MzcwOSJ9.Ger9daQzJU8oCPduPpYyIv09c-rH3LP0NnsfH5mYCSo&utm_source=tldrnewsletter
[6] https://www.pymnts.com/meta/2024/report-meta-to-reduce-vp-positions-from-300-to-250/?utm_source=tldrnewsletter
[7] https://electrek.co/2024/06/12/tesla-2-optimus-humanoid-robots-working-autonomously-factory/?utm_source=tldrnewsletter
[8] https://spectrum.ieee.org/cerebras-wafer-scale-engine?utm_source=tldrnewsletter
[9] https://get.incogni.io/aff_c?offer_id=1151&aff_id=16286&utm_source=tldrnewsletter
[10] https://get.incogni.io/aff_c?offer_id=1151&aff_id=16286
[11] https://github.com/restatedev/restate?utm_source=tldrnewsletter
[12] https://github.com/nlkitai/nlux?utm_source=tldrnewsletter
[13] https://www.stefantheard.com/silicon-valleys-best-kept-secret-founder-liquidity/?utm_source=tldrnewsletter
[14] https://www.theverge.com/c/24133822/microsoft-excel-spreadsheet-competition-championship?utm_source=tldrnewsletter
[15] https://links.tldrnewsletter.com/C5jjsn
[16] https://threadreaderapp.com/thread/1800912075171999884.html?utm_source=tldrnewsletter
[17] https://spectrum.ieee.org/mlperf-nvidia-conquers?utm_source=tldrnewsletter [18] https://www.teslarati.com/elon-musk-reconsiders-phone-apple-intelligence-openai-chatgpt-integration/?utm_source=tldrnewsletter
[19] https://finance.yahoo.com/news/openai-doubles-annualized-revenue-3-232851705.html?utm_source=tldrnewsletter
[20] https://blog.mozilla.org/security/2024/06/05/firefox-will-upgrade-more-mixed-content-in-version-127/?utm_source=tldrnewsletter
[21] https://www.theverge.com/24173858/ai-cohere-aidan-gomez-money-revenue-llm-transformers-enterprise-stochastic-parrot?utm_source=tldrnewsletter
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