📬 ChatGPT's Major Upgrades Incoming

Hey there, welcome to today's update! It’s Wednesday the 9th of August. Let's dive right into the most exciting tech headlines of the day:

• Google's $5B Incognito Lawsuit

• ChatGPT's Major Upgrades Incoming

• Musks Neuralink Secures $280M Funding

• NVIDIA Unveils GH200 Superchip

• Apple, Samsung Eye Arm Stake

• iPhone 15 Adopts USB-C?

• and more...

READ TIME: 4.0 MINUTES

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Tech Companies

Google's $5B Incognito Lawsuit (3-minute read)

A California judge has denied Google's bid to dismiss a lawsuit claiming the company illegally tracked users even in Incognito mode. Google's assurances about user privacy are under scrutiny, with plaintiffs suggesting they weren't honored.

TSMC's German Plant Venture (4-minute read)

Taiwan Semiconductor Manufacturing Co. (TSMC) is partnering with Infineon, NXP, and Bosch to establish an $11 billion chip plant in Dresden, Germany. Set to start production by 2027, and it'll bolster TSMC's European footprint and support the auto and industrial sectors.

Startup Scene

Neuralink Secures $280M Funding (2-minute read)

Neuralink, led by Elon Musk, secured $280 million from investors, including the Peter Thiel-backed Founders Fund, as announced on Musk's X social network. The funding supports their brain-computer interface technology. Despite concerns and competition, Neuralink has received FDA approval for human trials.

Shadowfax Eyes $60M TPG-Led Funding (2-minute read)

Indian logistics startup Shadowfax, backed by Flipkart, is close to securing approximately $60 million in funding led by TPG NewQuest. The Bengaluru-based firm has reduced dependency on its major client, Meesho, and has been profitable in recent months. Shadowfax's vast logistics network serves businesses like Myntra, Blinkit, and Flipkart.

AI Corner

ChatGPT's Major Upgrades Incoming (3-minute read)

OpenAI's ChatGPT is set to introduce several significant updates, potentially narrowing its competition with Bing Chat. Logan Kilpatrick, from OpenAI, detailed new features like example prompts, suggested replies, GPT-4 as the default setting, multi-file uploads for Code Interpreter beta users, persistent login, and keyboard shortcuts. While some features match those in Bing Chat, their integration will streamline the user experience in ChatGPT, particularly with enhanced output via GPT-4.

NVIDIA Unveils GH200 Superchip (3-minute read)

NVIDIA has introduced its GH200 Grace Hopper Superchip Platform, heralding a new era in accelerated computing and generative AI. The GH200, the first to utilize the HBM3e processor, is designed for varied generative AI tasks. It offers configurations like the dual version with 3.5x more memory and 3x bandwidth, powered by a server with 144 Arm Neoverse cores and 282GB HBM3e memory. The Superchip can connect with peers via NVIDIA NVLink, facilitating intricate AI computations, while the HBM3e memory operates 50% faster than the previous version.

Markets & Money

Lyft Surpasses Q3 Outlook (3-minute read)

Lyft announced Q2 earnings, matching revenue expectations at $1.02 billion. The highlight was Q3's revenue outlook of $1.13 billion to $1.15 billion, surpassing Wall Street's $1.08 billion prediction. Lyft shares surged 14% post-announcement.

ESPN Seals Betting Deal (4-minute read)

ESPN announced a betting partnership with casino operator PENN Entertainment, resulting in a rebranding of Barstool Sportsbook to ESPN Bet. Following this, Barstool founder Dave Portnoy re-acquires the sports media group from Penn without an upfront payment.

Cloud Stocks Dip, Datadog Adjusts (5-minute read)

Cloud stocks took a hit as Datadog, a leading player, revised its 2023 revenue projections amidst ongoing cost-cutting efforts by organizations. The WisdomTree Cloud Computing Fund dropped 3%, continuing its downward trend.

Apple, Samsung Eye Arm Stake (3-minute read)

Apple, Samsung, Nvidia, and Intel are planning to buy stakes in chip designer Arm during its September public listing. Arm, known for licensing chip designs, counts these tech giants among its primary customers.

Apps & Gadgets

Apple's Discovery Station Debuts (2-minute read)

Apple Music introduces Discovery Station, curating song recommendations based on users' recent listens but not in their library.

MacBook's 40-Core GPU Advance? (3-minute read)

Apple is reportedly testing a high-end MacBook Pro with an M3 Max chip, boasting 16-core CPU and 40-core GPU, outperforming the M2 Max. Enhanced configurations include up to 48 GB RAM.

Google's Cloud-Based Dev Magic (4-minute read)

Google unveils "Project IDX," an AI-enhanced cloud-based code editor that simplifies development, offering Android and iOS emulators online. Built on Code OSS, it supports popular frameworks like Flutter, Angular, and React.

iPhone 15 Adopts USB-C? (2-minute read)

Leaked images hint at USB-C connectors for the iPhone 15 range, possibly replacing the Lightning port. However, the source's credibility is questioned.

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