May 22, 2024 | Read Online

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0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Team Copilot introduced by Microsoft: AI agent to book meetings, manage projects

GeekWire.

Copilot will be able to be added into chats to answer questions, as project managers to assign tasks and track deadlines, and into meetings to take notes and manage the agenda.
Similar tools already exist (such as Fathom AI), but Microsoft's bundling and cross-app integration may be very beneficial, especially for enterprise.
"Later this year": expected availability.
Microsoft is also testing custom Copilot AI agents to automate specific tasks, such as data entry.
Other announcements here.

2. Phi-3-vision, open-source 4.2B language model, released, claimed to be #1 of category

Microsoft.

Only loses to GPT-4, which is closed-source and larger, according to the above chart released by Microsoft.

The Phi 3 SLMs (the non-vision models), released in April, had already outperformed all other SLMs

Microsoft.

3. Subscribe to the free Quartz Daily Brief for:*

Quartz Daily Brief.

Insight on the economic trends and policies influencing our global economy.
Updates on the latest innovations from companies like Tesla, Microsoft and Nvidia.
Analysis on the high-stakes decisions from all markets.

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*Sponsored.

4. Microsoft Edge to offer real-time video translation on sites like YouTube

Real Time Video Translation

Currently supports the translation of Spanish to English and of English to German, Hindi, Italian, Russian, and Spanish.
Available "soon."

5. Google to include ads inside AI summaries

Starting soon in the U.S.:

Google.

Google is also introducing Virtual Try-On on the Sponsored section of Shopping Ads

Google.

6. Meet eight of the most promising startups from Switzerland during a Pitch Night at Hanahouse in Palo Alto*

Startup Pitch Night.

May 30, 2024 at 5:30pm
Hanahouse, 456 University Avenue, Palo Alto, CA
Tickets are free but registration is required

*Sponsored.

7. Scale AI raises $1B at $13.8B, led by Accel

It remains the #5 most valuable generative AI startup:

Generative AI Unicorns Database.

Other AI fundraising news

Humane AI looking to sell itself for $750M - $1B.
Snowflake's talks to acquire Reka AI don't advance.
New French startup H raises $220M for "full-AGI."
Suno raises $125M at $500M for AI music creation.

8. 51% of swing state voters support TikTok ban, 33% oppose it

Bloomberg.

Poll surveyed "4,962 registered voters in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin."

9. Interesting videos, posts, and memes

Future of Defense with Joe Lonsdale of 8VC, Josh Wolfe of Lux Capital, and Matt Steckman of Anduril

GPT-4o, AI Companions, and the Metaverse | Robert Wright & Paul Bloom

10. Other headlines

AI

GitHub Copilot gets extensions.
AWS says it's buying both older and newer NVIDIA GPUs.
Anthropic team claims progress in understand black box behind LLMs.
2nd global AI safety summit gets security pledges from top companies.
Khanmigo AI to be free for K-12 teachers after Microsoft partnership.

Cara is an outbound B2B AI Sales Agent.*

*Sponsored.

Tech

Raspberry Pi confirms London IPO, eyeing June, ~$0.6B valuation.
Microsoft partners with Meta Quest to bring 'Volumetric Apps.'
TikTok plays layoffs in operations, marketing.

Athyna: Hire high-quality, affordable remote talent.*
Sidebar: how to join the 21st century's millionaires club.*
Swissnex in San Francisco invites you to a pitch night with eight of the most promising Swiss startups!*

*Sponsored.

Tech & law

Apple asks judge to dismiss antitrust lawsuit.

Biotech

LabGenius, drug discovery biotech, raises $45M.
Aubrey de Grey, Peter Fedichev set to debate aging on Mon at 8 PM ET.

Business

BHP has until 12 PM ET to announce firm bid for Anglo American.
Fed's Collins, Mester want more data before rate cuts.
Boeing 777 Singapore Air flight leaves 1 dead after severe turbulence.
Japan's 10-year bond yield hits 11-year high of 1.0%.

Crypto

Farcaster, blockchain social network, raises $150M at likely $1B+ valuation.
Trump now accepts crypto donations.
Ethereum ETF proposal from Grayscale sees staking removed.
FTX former exec Ryan Salame should serve 5-7 years: prosecutors.

U.S. politics

Trump ends defense without testifying.
Mar-a-Lago raid included authorization for "deadly use of force."
Fani Willis, judge presiding Trump's GA case win primaries.

World

Saudi Arabia wants Israel to recognize Palestinian state before deal.

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