SpaceX will sell insider shares at $112 each in a tender offer that
values the company at ~$210 billion. It was valued at $180 billion in
December
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TLDR
TOGETHER WITH [Modern Treasury] [4]
TLDR 2024-06-28
TECH TALK: 3 WAYS GENAI IS TRANSFORMING FINANCIAL SERVICES (SPONSOR)
[4]
Join leaders from Modern Treasury for a new tech talk [4] exploring applications for AI in the world of financial services. You'll learn
how generative AI is increasing efficiency and improving accuracy [4]
across core financial functions, including:
* Automated reconciliation
* Financial forecasting and analysis
* Credit scoring and lending
This tech talk is based on lessons learned from helping financial
leaders deploy AI in their own organizations. If you're interested in
the future of AI and finance [4], you don't want to miss it!
Watch on-demand (bookmark this page) [4] ¨
¨
BIG TECH & STARTUPS
SPACEX TENDER OFFER SAID TO VALUE COMPANY AT RECORD $210 BILLION (1
MINUTE READ) [5]
SpaceX will sell insider shares at $112 each in a tender offer that
values the company at close to $210 billion. The company was valued at
$180 billion in December. The new valuation is a record for an
American private company. It puts SpaceX on par with some of the
world's largest publicly traded companies by market capitalization.
Terms on the tender offer haven't been finalized - the size of the
offer could change depending on interest from both insider sellers and
buyers.
APPLE DEVELOPING NEW WAY TO MAKE IPHONE BATTERIES EASIER TO REPLACE
(2 MINUTE READ) [6]
Apple is reportedly investigating 'electrically induced adhesive
debonding' technology to make iPhone batteries more replaceable. The
technology would allow a battery to be dislodged from its chassis with
a small jolt of electricity to the battery. It could debut with at
least one of the iPhone 16 models this year.
¨
SCIENCE & FUTURISTIC TECHNOLOGY
PIPING UP AT THE GATES OF DAWN (3 MINUTE READ) [7]
Astronomers have found a galaxy that was already shining with intense starlight when the universe was only 290 million years old. The
earliest, most distant galaxy yet found, JADES-GS-z14-0 is one of a
string of discoveries enabled by the James Webb Space Telescope that
challenge conventional models of how the first stars and galaxies
formed. The discovery proves that luminous galaxies were already in
place 300 million years after the Big Bang and are more common than
what was expected. Galaxy formation models will need to address the
existence of such large and luminous galaxies so early in cosmic
history.
GERMAN FIRM SYNHELION OPENS `WORLD'S 1ST' INDUSTRIAL SOLAR FUEL
PLANT (4 MINUTE READ) [8]
DAWN is a project from Synhelion that aims to remove the dependency
on fossil fuels from the transport sector, particularly in aviation.
It uses a 65-foot-high solar tower surrounded by a mirror field that concentrates solar rays to produce synthetic fuels using solar heat.
The tower has an energy storage system that allows it to generate
solar fuel even when there's no sunlight. DAWN is scheduled to begin
production in the latter half of the year. Synhelion says DAWN will
produce several thousand liters of fuel per year.
¨
PROGRAMMING, DESIGN & DATA SCIENCE
HOW DATADOG USES MACHINE LEARNING TO MONITOR QUICKLY-GROWING CLOUD ENVIRONMENTS (SPONSOR) [9]
Machine learning enables engineering teams to more rapidly scale up
their systems. In this solution brief, you'll learn how Datadog's
built-in ML [9] enables organizations to automatically surface unusual
behavior within applications and services, contextualize insights when monitoring large fleets, and build automated AIOps workflows. Get the
solution brief [9]
CORCEL (GITHUB REPO) [10]
Corcel is a collection of PHP classes that provides a fluent
interface for connecting and getting data directly from a WordPress
database. It allows WordPress to be used as a backend. Corcel can be
used with any PHP project that uses Composer.
DORKLY FEATURE FLAGS (GITHUB REPO) [11]
Dorkly is a free feature flag system for LaunchDarkly's open source
SDKs. It allows developers to implement feature flagging consistently
across dozens of languages. Dorkly was designed to fit into existing
workflows. It aims to be a simple feature flagging system without the
cognitive load of yet another tool.
¨
MISCELLANEOUS
LEARNING FROM POPUP VILLAGES (9 MINUTE READ) [12]
Some popup villages have seen hundreds of people from the internet
gather for multiple months at a time. These gatherings are long enough
to build relationships but short enough to not require permanent
relocation. People can join these communities for however long they
want, creating an opportunity for a demand-first approach to
prototyping permanent places. This essay looks at successful popup
villages, why they work, and where they could go next.
OPENAI'S NEW "CRITICGPT" MODEL IS TRAINED TO CRITICIZE GPT-4
OUTPUTS (3 MINUTE READ) [13]
CriticGPT is a new AI model from OpenAI designed to identify mistakes
in code generated by ChatGPT. Based on the GPT-4 family of large
language models, it analyzes code and points out potential errors,
making it easier for humans to spot mistakes that might otherwise go
unnoticed. CriticGPT was trained on a large number of inputs
containing deliberately inserted mistakes. Its capabilities extend
beyond just code review - it is able to identify errors made by
ChatGPT in some other tasks as well. OpenAI plans to integrate
CriticGPT-like models into its RLHF labeling pipeline to provide its
trainers with AI assistance.
¨
QUICK LINKS
BIGPICTURE PPM: RESOURCE AND PORTFOLIO MANAGEMENT FOR MONDAY.COM
(SPONSOR) [14]
See the big picture and the smallest details in the same place,
visualize work at every level, and reflect changes across boards and workspaces. Watch the video (Youtube) [14]
TIKTOK TO CHALLENGE AMAZON PRIME DAY WITH ITS OWN SALES EVENT IN JULY
(2 MINUTE READ) [15]
TikTok Shop is holding a 'Deals For You Days' sales event in the US
starting on July 9.
ON CLAUDE 3.5 SONNET (22 MINUTE READ) [16]
Claude 3.5 Sonnet is currently the best non-tiny large language
model.
MAKER OF RSTUDIO LAUNCHES NEW R AND PYTHON IDE (3 MINUTE READ) [17]
The Positron IDE, based on VS Code and designed specifically for R
and Python, is available in public beta for macOS, Windows, and Linux.
META'S LLM COMPILER IS THE LATEST AI BREAKTHROUGH TO CHANGE THE WAY
WE CODE (4 MINUTE READ) [18]
The Meta Large Language Model Compiler is a suite of models designed
to emulate the compiler, predict optimal passes for code size, and
disassemble code.
HOW TO THINK ABOUT CREATING A DATASET FOR LLM FINETUNING EVALUATION
(6 MINUTE READ) [19]
This article summarizes the kinds of evaluations needed for a
structured data generation task.
I'VE GONE BACK TO MY THINKING ABOUT THE LONG-TERM CONSEQUENCES OF
ALTMAN'S COUP (6 MINUTE READ) [20]
OpenAI's magic seems to have worn off - the company doesn't have that
much of a moat without its people.
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for helping us spread the word! ¨
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Dan Ni & Stephen Flanders
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