Ex-OpenAI Co-founder Launches Safe Superintelligence for Advanced AI Research

TECH BRIEF

Nvidia Surpasses Microsoft, Stakes Claim as World's Most Valuable Company - Key Drivers Explained (14 minutes read)

Nvidia Corp. outperformed to become the most valuable company globally, beating Microsoft with a market cap of $3.34 trillion. The success can be traced back to its unparalleled 591,078% rise in stock value since going public. Credit goes to its cutting-edge chips powering AI technology, management's adept grip on innovation waves, a successful bet on graphics chips, and a booming demand in data center and AI sales. Nonetheless, the consistency of this brilliance hinges on the constant high expenditure on AI logistics.

Ex-OpenAI Co-founder Launches Safe Superintelligence for Advanced AI Research (7 minutes read)

Renowned researcher and OpenAI co-founder, Ilya Sutskever, has announced the launch of Safe Superintelligence Inc., a non-profit organization dedicated to developing advanced AI systems with an emphasis on safety. The new venture seeks to focus solely on research and development, distancing itself from commercial pressures. Co-founders include former Apple AI lead, Daniel Gross, and AI training expert, Daniel Levy. Despite no immediate prospect of profitable products, the team remains confident in achieving breakthroughs.

France Tops in GenAI Funding, London Leads in Startup Creation: Accel Report (7 minutes read)

Generative AI funding in Europe is led by France, with startups raked in $2.29 billion so far. However, London boasts three times more GenAI startups, hosting almost a third of such ventures in the region. A report by Accel and Dealroom suggests these discrepancies can be attributed to strong educational institutions and big tech firms acting as ""founder factories"", citing that 60% of founders at top startups previously worked at tech titans like Alphabet, Amazon, and Meta.

Reddit's Traffic Surge: Challenge or Opportunity for SEO Experts? (8 minutes read)

Reddit's website traffic has surged by 39% year-over-year thanks to heightened visibility in Google searches, according to Similarweb. This growth, bolstered by Google prioritizing 'helpful content' from forums in updated algorithms, has dual implications for businesses and SEO professionals. While the increased prominence of Reddit content could challenge expert-written resources, it also presents new opportunities for brand visibility and audience engagement if navigated respectfully.

Meta Unleashes Threads API, Opens Door for Unique Integrations (2 minutes read)

Meta has launched the Threads API, enabling developers to create unique integrations into Threads, possibly advancing in competition with Twitter-like platforms. Users can publish posts, manage replies, and track post interactions through the API. Previously, Meta tested the API with a small group of developers like Hootsuite, Sprinklr, and Techmeme. The potential for third-party apps is currently evaluated.

Q1 '24 Cloud Earnings: Hyperscalers' Gain Amid Soft Software Performance (18 minutes read)

Q1 2024 earnings reveal hyperscalers like Azure, AWS, and GCP flourished amid growing AI importance, while others struggled amidst buyer caution. Despite seasonal low, year-on-year growth in net new Annual Recurring Revenue remained positive.

FTC Accuses Adobe of Deceptive Subscription Practices (8 minutes read)

Adobe is facing a FTC lawsuit over deceptive subscription practices, including hidden early termination fees and complicated cancellation processes. Though against allegations, Adobe plans to legally contest.

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SpaceX Offers Sweet Stock Deals to Top Investors like a16z and Gigafund - Internal SpaceX documents reveal the company's latest tender offer where investors purchased secondary shares from employees at $70 per share, a significant cut from the $270 primary sale rates of 2022. The employees' common stocks underwent a 10-for-1 split while preferred shares persisted unchanged. Preferred shareholders, granted dividends and liquidation privileges, will receive the first $6.67 billion should SpaceX be sold. However, it remains unclear when, or indeed if, SpaceX plans to go public.

CrowdStrike Outshines Peers Amid Q1 Cybersecurity Stock Slump - Cybersecurity stocks beat Q1 revenue predictions by 1.4% on average. CrowdStrike (CRWD) saw a 33% YoY revenue rise ($921m), driving a 27.6% stock increase. However, Rapid7 (RPD) and Qualys (QLYS) underperformed, causing significant stock drops.

Snap Unveils Real-Time AI-Powered AR Tools for Enhanced Snapchat Experience - Snap has launched AI-powered AR features in Snapchat, offering advanced lens development tools. The GenAI Suite within its Lens Studio promises faster, more efficient AR content creation, maintaining competition with Instagram and TikTok.

Amazon Expands AI Listing Tools to European Sellers, Boosting Sales - Amazon has expanded its generative AI tools to European sellers, streamlining listing creation and driving sales. Research indicates that AI benefits SMEs by improving efficiency, content, and profitability.

Amazon Dedicates Extra €10 Billion to Boost German Cloud, Logistics Infrastructure - Amazon pledges an additional €10 billion into its German cloud infrastructure and logistics, striving to expand its AWS operations and build a sovereign cloud business by 2040.

Apple Faces Potential $1B Daily Fines over EU Digital Market Violations - Apple is at risk of EU fines under new Digital Markets Act (DMA) rules for restricting third-party in-app stores. Violations could cost up to $1 billion daily.