June 26, 2024 | Read Online

Brought to you by:

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. Claude launches Projects for collaboration leveraging internal knowledge

Shareable Projects in Claude

200K context window for each project.
Custom instructions can also be defined.
Available for Pro and Team users.

2. EvolutionaryScale launches AI model for proteins with $142M in seed funding

They leverage the Transformers architecture for the development of new proteins:

Hayes et al (2024). Simulating 500 million years of evolution with a language model.

ESM3 model "simultaneously reasons over the sequence, structure, and function of proteins."
- Similar to DeepMind's AlphaFold.
Available for non-commerce use.
98B parameters.
Investors: NVIDIA, Amazon, Nat Friedman, Dan Gross, others.

3. Athyna: Hire high-quality, affordable remote talent

Athyna.

They source the best talent from LATAM and South Africa.
- Native or fluent English.
- Similar time zones.
1/3 to 1/2 the cost of U.S./European talent.
It's what the Bay Area Times uses to hire our team!
$1,000 discount for BAT readers.

Learn more about Athyna.

*Disclaimer: Athyna is a partner of the Bay Area Times.

4. Rivian gets $5B from Volkswagen for new JV, stock +36% pre-market

Google Finance.

"Second half of the decade": when new vehicles will be introduced.
$1B cash now, $4B over time.
Rivian is still struggling, with a -$1.5B loss from operations in Q1, on top of $1.2B in revenue and -$0.5B in gross profit.

5. ChatGPT for Mac available for all users, as Voice Mode delayed

X: OpenAI.

July: Voice Mode alpha rollout.
Fall: all Plus users.

6. Scale AI sees annualized revenue at $1B, positive adjusted EBITDA in Q4

The Information.

7. Autonomous car funding +125% YoY to $2.7B in Q2 YTD

Crunchbase.

Waymo raised $1.05B in May, Cruise $0.85B in June.

8. Interesting videos, posts, and memes

YouTube video by Norges Bank Investment Management

Dario Amodei - CEO of Anthropic | Podcast | In Good Company | Norges Bank Investment Management

Coatue's Laffont on AI Darlings and Opportunities in Today's Markets

Are the Markets Broken? AQR's Cliff Asness Weighs In

9. Other headlines

AI

Stability AI confirms $80M fundraise, $400M liability forgiveness.
Reddit warns AI scrapers, saying it will update its robots.txt.
Mustafa Suleyman interview at Aspen: YouTube live.

Athyna: hire incredible global talent with up to 80% savings vs. U.S. hires.*

*Sponsored.

Tech

Google to stop continuous scroll to allow for faster page loads.
Waymo opens robotaxis to everyone in San Francisco.
TikTok Shop orders +13% MoM in U.S. in May.

Axios Pro: Deals Tracker does smarter analysis across VC, PE and M&A.*
Mercury makes startup finances simple.**

*Sponsored.
**Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes.

Tech & law

Huawei struggling to develop new chips due to U.S. sanctions: sources.

Biotech

ATTR-CM drug from Alnylam reports positive Phase 3 results.
Cancer survivors linked to higher risk of age-related diseases.
Healthy Longevity Talent Incubator: a look at.
Grandmother hypothesis explains human's longevity.

Business

Archegos's downfall: visual deep dive.
IRS apologizes to Ken Griffin for leaked tax return.

Crypto

Solana launches Blinks, Actions to integrate blockchain into websites.
FTX bankruptcy faces some objections, next hearing on Jul. 17, Aug. 15.

U.S. politics

Trump's VP announcement could come as soon as today.
Judge Cannon skeptical of Trump's bid to throw out Mar-a-Lago evidence.
Jamaal Bowman loses Democratic primary to George Latimer.

World

Julian Assange leaves U.S. court in Pacific free man, after guilty plea.
Evan Gershkovich's secret trial starts in Russia.

Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below).

Share Bay Area Times

Share our newsletter with your friends and get free Bay Area Times rewards!

You currently have 0 referrals, only 1 away from receiving our Generative AI Unicorns Database.

Click to Share

Or copy and paste this link to others: https://www.bayareatimes.com/subscribe?ref=UbEAXR818y

What did you think of today's newsletter?

Advertise on the Bay Area Times

Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. You should do your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Bay Area Times team.

Please read our Terms of Service and our Privacy Policy before using Our Service.