May 29, 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. Anthropic hires OpenAI's former safety leader Jan Leike, as OpenAI announces safety committee, GPT-5 training

X: Jan Leike.

To report to OpenAI's Chief Science Officer, Jared Kaplan.
- Ilya Sutskever's status is still TBD.
OpenAI's new Safety and Security Committee is a board committee "responsible for making recommendations to the full Board on critical safety and security decisions."
- "OpenAI has recently begun training its next frontier model."

Prediction markets expect GPT-5 to be launched in Q4 or 2025

Polymarket.

2. Uniswap Wallet App makes it easy to swap crypto on the go*

Uniswap.

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The Uniswap Wallet App was built with security in mind, with built-in features like recovery phrase backup and Face ID requirements, keeping your funds safe at all times.
Claim your free username when you onboard, which lets you easily send and receive funds without having to deal with a lengthy wallet address.

Start swapping on the Uniswap Wallet App on iOS and Android.

*Sponsored.

3. OpenAI former board member says Altman repeatedly lied, informed of ChatGPT launch over Twitter

X: TED Talks.

2 executives told us "how they couldn't trust him," "they didn't think he was the right person to lead the company to AGI."
"Didn't inform the Board that he owned the OpenAI Startup Fund."
"On multiple cases, he gave us inaccurate information on the small number of safety processes the company had in place."
"Impossible for the board to know how well those safety processes were working."
OpenAI's current board chief, Bret Taylor, said, "We are disappointed that Ms. Toner continues to revisit these issues."

4. HubSpot +8% to $33B market cap after another report of potential Google buy

Google Finance.

"All-stock deal for Alphabet to acquire HubSpot," CNBC's David Faber reported, saying that they were "in conversations."
Still below its 2021 high of $43B market cap.

5. Former FTX exec Ryan Salame gets 7.5 years in prison, goes back to tweeting

X: Ryan Salame.

More than the 5-7 years the prosecutors sought.
Salame pled guilty to conspiracies to operate an unlicensed money-transmitting business and to make illegal contributions.
But he did not cooperate.
Another 3 years of supervised release.
Only $11M in monetary penalties.

6. Samba Nova demos Llama 3 8B at 1K tokens per second, #1 fastest provider

X: Artificial Analysis.

Leverages Samba's custom SN40L RDU AI chips.
No public API yet.
Chat interface demo available.

7. Interesting videos, posts, and memes

TWIST News: xAI's massive $6B raise, the startups building our drone future & TWIST500 | E1957

Do VCs Add Value What Should Founders Be Optimizing For With Parker Conrad and Parker Thompson

YouTube video by The Defiant - DeFi, Web3 & NFT Insights

Chatting with Ansem, AKA 'The Solana Guy'

8. Other headlines

AI

Microsoft launches Copilot bot for Telegram.
Chromebook adds AI-powered features.
PwC to roll out ChatGPT Enterprise to 101K employees.

Cara generates 2x more warm leads and is 10x more cost-efficient than humans.*
Nebius AI: Fight for the best price on your H100 GPU cluster.*

*Sponsored.

Tech

YouTube's Playables mobile games launches on iOS.
Lenovo raises $2B in convertible bonds with Saudi Arabia.
Nubank dethrones Itau as most valuable bank in Latam.

Athyna: hire incredible global talent with the same company that Bay Area Times uses!*

*Disclaimer: Bay Area Times is a shareholder in Athyna.

Tech & law

TikTok ban oral arguments in U.S. Court of Appeals will happen in Sep.
U.S. presses social media companies to suppress antisemitic content.
U.S.'s 25% tariff on China's GPUs, motherboards goes into effect on Jun. 15.

Biotech

Merck nears $1.3B cash deal for eye drug company EyeBio.
Turn Bio signs $300M epigenetic reprogramming deal with HanAll. (Disclaimer: we are shareholders.)
FDA details new "platform technology" process that could accelerate approvals.

Business

T-Mobile will acquire most of U.S. Cellular in $4.4B deal.
Chinese firms creating new brands to skirt U.S. bans.

Crypto

BlackRock's Bitcoin ETF reaches $20B, ahead of Grayscale's.
Binance exec jailed in Nigeria suspected of having malaria: family.
41% of U.S. paying attention to crypto, from 34% in Nov.

Uniswap Wallet App makes it easy to swap crypto on the go.*

*Sponsored.

U.S. politics

Trump jury deliberations to start today in NY hush money trial.
Marco Rubio's low-key strategy to become VP.
Harvard to no longer comment on issues outside education.
58% following political news closely, vs. 52% in Apr. 2020.

World

Rafah center reached by Israeli army.
U.S. pier in Gaza being repaired after rough seas.

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