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- 🤖 Meta's AI Going Commercial, 🛸 FTC Probes OpenAI, 💰 Twitter's Suprise Payout
🤖 Meta's AI Going Commercial, 🛸 FTC Probes OpenAI, 💰 Twitter's Suprise Payout
Meta is set to launch a commercial version of its large language model (LLM), catching up with tech giants Microsoft and Google in the development of generative AI.
Kristoffer Lindström
July 14, 2023
Hey everyone!
Today is Friday, July 14th! I hope you're all looking forward to the weekend. I've got some exciting tech headlines for you to dive into. Let's check out the top stories of the day:
Meta Enters Commercial AI Competition
FTC Probes OpenAI Over Consumer Risks
Twitter Payouts Surprise Users
Uber Eats Trims Virtual Brands
and more...
READ TIME: ~3.6 MINUTES
🌐 Tech Companies
Microsoft and Activision Blizzard are mulling over relinquishing some control of their cloud-gaming business in the UK to satisfy regulators, enabling the completion of their $69 billion merger by July 18. Possible action could involve the sale of cloud-based gaming rights in the UK to another firm. Despite regulatory opposition in the US and UK, both companies still aim to finalize the largest-ever gaming industry deal before next week’s deadline.
Twitter has launched ad revenue payouts to users in a program aimed at monetizing posts. The highest payout of $37,000 went to Dogecoin co-founder Billy Markus. The platform's revenue-sharing model rewards creators based on reply threads and has garnered positive reactions for its generosity. This comes as a competitive response to Meta's new platform, Threads, which has gained quick popularity.
Uber Eats has removed 8,000 virtual brands from its platform, exceeding its initial estimated 5,000. The move comes as part of a crackdown on duplicate menus and a push for greater authenticity. The company now requires that a virtual restaurant's menu be at least 60% different from the parent restaurant where the food is prepared.
The U.S. Federal Trade Commission has requested a court order to delay Microsoft's $69 billion acquisition of Activision Blizzard.
🚀 Startup Scene
Causaly, an AI platform that accelerates drug development and testing, raised $60 million in a Series B round. The firm collaborates with top pharmaceutical companies, significantly reducing their R&D timelines.
Secure Code Warrior secures $50 million in funding to enhance its agile learning platform for secure coding and expand market share.
🤖 AI Corner
Meta is set to launch a commercial version of its large language model (LLM), catching up with tech giants Microsoft and Google in the development of generative AI. Unlike Microsoft's GPT-4, Meta's LLM will be open-source, indicating a shift in the AI competitive landscape, as stated by Yann LeCun, Meta's chief AI scientist. This announcement coincides with the rise of other AI companies and products, including Elon Musk's new AI company, xAI.
Google has engineered a quantum computer, dubbed the Sycamore quantum processor, capable of executing tasks that conventional supercomputers would take nearly 50 years to complete. The Sycamore quantum processor, equipped with 70 qubits, is about 241 million times more powerful than Google's previous version.
The Federal Trade Commission is investigating OpenAI for possible violation of consumer protection laws, focusing on deceptive privacy, data security practices, and potential consumer harm including reputational damage.
Google Labs introduces NotebookLM, an AI-based notetaking software that generates summaries, key topics, and potential questions from uploaded documents.
⚡ Quick links
Disney is reducing its Marvel and Lucasfilm output to concentrate resources and decrease costs, as recent films underperform at the box office. The decision aligns with their cost-cutting initiative and Disney+'s growth strategy.
Reddit is discontinuing its coins and awards systems, including the well-known Reddit Gold. Despite user objections, the company plans to introduce a simpler, more meaningful system for rewarding contributions in the future.
Google Bard introduces multimodal support, voice responses, and enhanced privacy features, now available in the EU.
The Associated Press strikes a two-year deal with OpenAI, sharing news content and technology to train AI algorithms.
Co-founder of Stability AI, Cyrus Hodes, alleges he was deceived into selling his 15% stake for $100 before the company attained a $1 billion valuation.
Apple Maps will introduce downloadable maps in iOS 17, a feature long offered by Google Maps, providing users with offline navigation and search capabilities.
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