📅 Week 25 Recap: Top stories of the week

Musk Warns Against Zuckerberg's Twitter Rival, Microsoft's Orca Outperforms AI Models, OpenAI Lobbies Against EU AI Regulations and more...

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Hi ladies and gentlemen!

This is a recap where we gather the most popular stories of the past week.

Have a great Sunday, and be sure to check out the updates during the coming week!

📅 Top stories of the week

Elon Musk criticizes Mark Zuckerberg's plan to launch a Twitter rival app named "Threads" under Meta, after his contentious acquisition of Twitter. Musk's comments hint at the risks of a centralized social-media landscape.

Microsoft introduces Orca, a 13-billion parameter model that learns from GPT-4's reasoning process, significantly improving the performance of existing instruction-tuned models and addressing task diversity, query complexity, and data scaling challenges.

OpenAI has been lobbying the European Union to dilute forthcoming AI legislation, according to documents obtained by Time. The AI company argued against all general-purpose AI systems being classified as "high risk" under the EU AI Act's risk categorizations. OpenAI's lobbying efforts appear to have been successful, as the final draft of the act does not automatically classify such systems as high risk.

Rising failure rates among startups indicate a potential wave of shutdowns in the coming year, sparking concerns of a 'mass extinction event' for startups. According to Tom Loverro from IVP, the phenomenon is a result of an investment frenzy in 2021 that may have artificially inflated the market.

Gannett, the largest news publisher in the US, is suing Google for monopolistic behavior in the digital advertising space. The lawsuit alleges that Google's control over the online ad business has led to decreased industry revenue. Gannett claims that Google's ownership of the largest ad exchange and ad server, both acquired rather than built, has resulted in this diminished revenue. Google, however, insists its services are popular due to their quality, not a lack of competition.

Airbnb CEO Brian Chesky predicts that artificial intelligence (AI) will fuel the creation of millions of startups, despite potentially reducing jobs at existing companies. He believes AI will enhance efficiency, enabling people to build their own companies and enrich the job market.

"Apple has released the visionOS SDK for its Vision Pro platform, enabling developers to create spatial computing apps that blend digital content with the physical world. Developer labs will open globally next month.

Insight: We anticipate a significant industry-wide impact as this release will empower developers to create innovative spatial computing applications."

"OpenAI, the popular chatbot ChatGPT creator, is reportedly planning to launch a marketplace for developers to sell AI models built using its technology. The marketplace could potentially compete with app stores run by Salesforce and Microsoft, and extend OpenAI's technology to a wider customer base. Companies like Aquant and Khan Academy may be interested in offering their ChatGPT-powered AI models on OpenAI's marketplace.

Insight: We anticipate a global impact. OpenAI's proposed marketplace could democratize access to advanced AI models, fostering innovation and competition across various industries and markets."

YouTube is testing Aloud, an AI-powered tool that auto-dubs videos into different languages, aiming to expand creators' global reach. Currently available for free, Aloud operates in English, Spanish, and Portuguese.

The ongoing Reddit blackout, a protest against proposed API changes, has impacted a widely used Google search enhancement where "+reddit" would yield more accurate and human-vetted results. This outage presents an opportunity for AI chatbots like Google Bard and Microsoft Bing's GPT-4, although neither can fully replicate Reddit's community aspect.

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