🗞️ Amazon comes for AI

June 25, 2024   |   Read Online Brought to you by: Top stories today: Amazon working on AI chatbot, to be launched in September Apple rejected Meta AI integration due to privacy concerns NVIDIA stock -7%, as CEO sells $95M in shares Generative AI used by bad actors for deep fakes, scams, frauds Follow us on X | Instagram | Advertise to our 250K+ subscribers 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). No major events today. 1. Amazon working on AI chatbot, to be launched in September Amazon's Metis plan to use retrieval-augmented generation (RAG) to give up-to-date responses, such as stock prices. AI agents are also in the plans. CEO Andy Jassy is involved. Our view: until we get the next Transformers, LLM technology should stabilize We are already seeing some plateauing of LLM quality in the latest batch of models. We can still see creative new applications of LLMs, even without a major breakthrough in the core technology. 2. Apple reportedly rejected Meta AI integration due to privacy concerns March: brief talks were held, but they did not go anywhere, Bloomberg reports, after the WSJ reported yesterday they were talking. Apple "doesn't see that [Meta's] privacy practices [are] stringent enough." 3. Everything we know about AI regulation today* Axios Pro. Artificial intelligence is changing everything, and tech companies are racing for dominance. In this report, Axios Pro analyzes forthcoming United States AI laws, their impact on big tech, and how policymakers are shaping the future. Read the report today, free. *Sponsored. 4. NVIDIA stock -7%, back to #3 in market cap, as CEO sells $95M in shares CompaniesMarketCap. Trades were part of a scheduled Rule 10b5-1 stock sale plan set up on March 14. 6M shares ($709M) to be sold throughout March 2025. Micron and Qualcomm CEOs are also selling. 5. Generative AI used by bad actors for deep fakes, scams, frauds: DeepMind study FT, DeepMind. 6. Cellular meat, alternative protein startups continue to see decline in $20M+ rounds Crunchbase. 7. Interesting videos, posts, and memes David Luan: Why Nvidia Will Enter the Model Space & Models Will Enter the Chip Space | E1169 8. Other headlines AI OpenAI to treat current, former employees equally in new policy. Chinese startups banned from using OpenAI tools: state-run media. Multi acquihired by OpenAI, 5 employees will join them. Google developing customized AI bots to challenge Character AI, Meta AI. Alibaba Cloud launches English version of AI model-as-a-service. Athyna: hire incredible global talent with the same company that Bay Area Times uses!* *Sponsored. Tech Anduril raising $1.5B at $14B post-money, led by Founders Fund. Shein confidentially filed for IPO in UK in early June. Amazon Prime Day to be on July 16, 17. Airbus stock -9% on lower 2024 guidance. Apple working on reducing 50% of assembly line workers in years. Chinese spacecraft returns from moon's far side. Axios Pro: Deals Tracker helps you find your next investment, faster.* Mercury now allows you to pay your bills faster and more accurately.** *Sponsored. **Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes. Tech & law EU gives formal warning to Microsoft over Teams. Oracle: TikTok ban would hurt revenue. Biotech Menopause delay linked to longevity: a look at. Alzheimer's symptoms reversed in mice with PHDP5 peptide. Business Fed weighs 5% increase in bank-capital requirement, rather than 16%. Crypto Jump Crypto CEO Kanav Kariya leaves. Trump in talks to speak at Bitcoin 2024 in July. BTC touches $59K, now at $61K. U.S. politics Trump advisers seek Ukraine aid halt until Kyiv negotiates peace with Moscow. Alex Jones's trustee to liquidate Infowars to help pay $1.5B owed. World Julian Assange freed, returns to Australia after guilty plea with U.S. UNRWA sued for $1B by Oct. 7 victims. Israeli Defense Minister meets Blinken, who cautions against Hezbollah war. U.S. Ambassador accuses China of undermining diplomacy. 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? ⭐️⭐️⭐️ Amazing! ⭐️⭐️ Good ⭐️ Bad 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.   Update your email preferences or unsubscribe here © 2024 Bay Area Times 228 Park Ave S, #29976, New York, New York 10003, United States