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Top stories today: - Trump, Elon discuss advisory role in potential 2nd term
- CoreWeave plans IPO in H1 2025
- Mistral releases Codestral model, #1 open-weights coding model
- GPT-4 leads in 3 out of 4 Scale AI's new LLM rankings
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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). |
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 | All times are ET. |
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1. Trump, Elon discuss advisory role in potential 2nd term |
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"The role hasn't been fully hammered out and might not happen." [They] "talk on the phone several times a month," discussing "immigration, technology and science, including the U.S. Space Force." Elon doesn't want to only hand out cash, he wants the influence.
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2. CoreWeave plans IPO in H1 2025 |
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4. Mistral releases Codestral model, claimed to be #1 open-weights coding model |
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Non-commercial use only, with suspicions that it was trained on copyrighted content. 22B model. Trained on 80+ languages, including Python, Java, C, C++, and JavaScript.
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Codestral still underperforms vs. GPT-4 and other closed models (see more below) |
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5. GPT-4 leads in 3 out of 4 Scale AI's new LLM rankings |
It leads in instruction following (text), coding, and Spanish, while Claude 3 Opus leads in math: |
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In our favorite LMSYS Chatbot Arena Leaderboard, Gemini's May version jumped ahead of Claude 3 Opus |
Now just behind OpenAI's GPT-4o: |
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6. Interesting videos, posts, and memes |
 | This solopreneur made $300M so we gave him an award for it |
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7. Other headlines |
AI |
Perplexity in talks to raise $250M at $3B from Bessemer. Groq reporting 1.1K tokens per second after Samba's 1K record. Altman weighs converting OpenAI into a for-profit corporation. Apple to use black box processing to protect privacy in its AI usecases. Gavin Newsom surprisingly warns against over-regulating AI. Palantir wins $480M AI computer vision deal with Army. The Atlantic, Vox Media sign licensing agreements with OpenAI.
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Tech |
HP's revenue -1% to $12.8B in quarter. Salesforce's revenue +11% to $9.2B, as op. margin rises to 18.7%. Apple TV+ app likely coming to Android. AST SpaceMobile stock +69% after Verizon satellite internet deal. Google confirms leaked Search algorithm docs are real. Solutions by Text raises $110M after bootstrapping for decade.
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| *Disclaimer: Bay Area Times is a shareholder in Athyna. |
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Tech & law |
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Biotech |
Natural Cycles, world's 1st contraceptive app, raises $55M. MDMA may be approved by FDA in Aug. Novo Nordisk's $8B plan to expand its semaglutide production: deep dive.
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Business |
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Crypto |
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U.S. politics |
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World |
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