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Top stories today: - Google's open weights Gemma 2 nears Microsoft's Phi-3 on benchmarks
- Q1 GDP revised up from 1.3% to 1.4%
- OpenAI announces CriticGPT, model to help human trainers in RLHF
- ChatGPT web visits +16% MoM, +96% YoY to 2.9B in June
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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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Correction: We reported yesterday that Amazon's +4% to $2T market cap was based on no news. In fact, the rise was connected to the report that Amazon plans to launch a Temu-like store. h/t to our reader FD. |
1. Google's open weights Gemma 2 nears Microsoft's Phi-3 on benchmarks |
Google curiously didn't explicitly compare Gemma 2 with Phi-3 in their launch post: |
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Phi-3 continues to be the leading open weights small language model according to MMLU, having a 78.2 score |
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2. Q1 GDP revised up from 1.3% to 1.4% |
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From 3.4% in Q4. Durable goods orders: 0.1% MoM in May, vs -0.5% expected, from 0.2% in the prior month. UK GDP for Q1 updated from 0.6% to 0.7%.
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4. OpenAI announces CriticGPT, model to help human trainers spot mistakes during RLHF |
Humans + CriticGPT provided more comprehensive critiques and hallucinated less often than just humans: |
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5. ChatGPT web visits +16% MoM, +96% YoY to 2.9B in June, expanding its lead over Gemini |
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Looking at mobile apps, Character AI has almost the same number of U.S. DAUs as ChatGPT |
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6. Robotics startup funding set to grow in 2024 |
$4.2B invested YTD, vs. $6.8B in all of 2023: |
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7. 29% of Americans would consider buying EVs |
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8. Interesting videos, posts, and memes |
 | Why do we disagree about AI risk? (Scott Alexander & Josh Rosenberg) |
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 | Fireside Chat with Nate Silver and Scott Alexander |
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 | Mark Zuckerberg on Creators, AI Studio, Neural Wristbands, Holographic Smart Glasses, Picasso & More |
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 | #53: What We Got Wrong—and Right—in a Year of More or Less |
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9. Other headlines |
AI |
Meta LLM Compiler launches. Google partners with Moody's for financial data for AI. SoftBank raises $1.9B in overseas bond sale for AI bets. Andrew Ng plans $120M for next AI fund. Hebbia raises $100M Series B for AI search. Axelera raises $68M to build AI chips, rival NVIDIA. Character AI now allows users to talk to AI bots over call.
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Tech |
Vision Pro launches in China, Hong Kong, Japan, Singapore. Clay raises $46M at $500M, with participation from Sequoia.
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| *Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes. |
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Tech & law |
Chinese AI cloud firms limiting access due to U.S. curbs. Uber's MA settlement demands $32.5/hour minimum wage. TikTok ban requires extremely heavy burden, EFF tells Appeals Court.
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Biotech |
Prenuvo launches 10-year, 100K-patient study on whole-body MRI screening. AgingBiotech's list of longevity therapeutics. Lifestyle factors in late life linked to odds of becoming centenarian.
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Crypto |
Coinbase sues SEC, FDIC over attempts to cut crypto from banking. Solana nears ATH in transactions after Blinks launch. MegaLabs raises $20M for "real-time" blockchain.
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U.S. politics |
Trump, Biden debate leads Dems to discuss change of ticket. Supreme Court sets Mon. as new opinion day for Trump immunity bid.
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World |
Milei wins approval for economic reforms by 147-107. Iran presidential elections today could elect reformist Pezeshkian. Israel, Hezbollah inch closer to war. Ukraine likely to receive Patriot systems from U.S., Israel.
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