July 01, 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. Alibaba's Qwen, Meta's Llama 3 lead Hugging Face's new open weights LLM leaderboard

Hugging Face's Open LLM Leaderboard.

Benchmarks used: MMLU-Pro, GPQA, MuSR, MATH, IFEval, and BBH, as the standard benchmarks like MMLU "became too easy for models."
June 3: when MMLU-Pro was released.

Google's Gemma 2 is the leading open model on LMSYS's leaderboard, where people vote (blindly) on which AI chatbot is best

LMSYS Chatbot Arena Leaderboard.

2. AirPods with camera modules may launch in 2026

Goal is to improve surround sound capabilities, not to take pictures.
- IR camera similar to the iPhone Face ID receiver.
Apple is already working on iOS 19, macOS 16, watch OS 12, and visionOS 3.
Apple Intelligence is coming to Vision Pro, but not the HomePod.
The cheaper Vision may have a larger, lower-res screen (2 to 2.1 inch, with a pixel density of 1700 pixels per inch (PPI), vs. 1.42 inch and 3,386 PPI.

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4. 51M people watched CNN's Biden, Trump debate live, skewing towards 55+

Nielsen.

Younger crowds follow politics less and likely used social media to watch debate highlights.

5. Interesting videos, posts, and memes

Presidential Debate Reaction, Biden Hot Swap?, Tech unemployment, OpenAI considers for-profit & more

The Disruptors: Sam Altman and Brian Chesky in conversation with Lester Holt

Are We Headed For AI Utopia Or Disaster? - Nick Bostrom

6. Other headlines

AI

Adept acquihired by Amazon.
Lambda Labs seeks $800M for AI cloud computing.
SK Hynix to invest $75B on chips through 2028.

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Tech

Preqin sold to BlackRock for $3.2B.
Kleiner Perkins raises $2B in 2 new VC funds.
Solera files publicly for U.S. IPO, seeking <=$1.5B at $10-13B.
Chime to buy Salt Labs for <=$173M as it preps for possible IPO.
Revolut to release 2023 results soon as it preps for UK bank license.

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Tech & law

Meta's "pay or consent" model next target of EU.
Amazon to send discounted packages under U.S. <$800 tariff exemption.
Microsoft, OpenAI probe being explored by EU.
EU orders Temu, Shein to provide info on compliance by July 12.
Italy claims €1B in unpaid taxes from Google.

Biotech

Apple Watch becoming physicians' favorite medical device.
Dogs, cats now widely studied in academic science.
Google's Israeli biotech R&D centers being shut down.

Business

Boeing announces purchase of key supplier Spirit for $4.7B.
- DOJ seeks guilty plea by end of week before charging Boeing.
Wimbledon tennis grand slam starts off today with Alcaraz game.

Crypto

Mt. Gox nears paying users $9B in BTC after 2014 bankruptcy.
Treasury mandates exchanges to provide 1099 tax forms starting 2026.
Binance's SEC case allowed to proceed, dismissing secondary sales charge.
Consensys sued by SEC over MetaMask staking, broker allegations.

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U.S. politics

Biden tells donors he will be the Democratic nominee.
- 28% of Americans agree, as family tells him to remain in race.
Chevron rule struck down by Supreme Court, curtailing power of agencies.
Dems worry about Biden's debate performance affecting other races.
Supreme Court likely to rule today on Trump's immunity bid.

World

Le Pen ahead in France's 1st round but could lose 2nd round.
Netanyahu vows to continue fighting Hamas.
Ultra-orthodox protest against Supreme Court order for them to enlist.

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