🗞️ Elon looking for $40B

October 30, 2024   |   Listen Online   |   Read Online Brought to you by: Top stories today: Elon Musk's xAI seeks $40B valuation in new funding Google Cloud drives Alphabet's Q3 accelerating revenue growth Mac mini redesigned in 1st since 2010, with considerably smaller build GitHub Copilot goes multi-model Samsung loses $122B market value in 4 months Follow us on X | Instagram | Advertise 2024 election forecast provided by our partners at Polymarket. 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. Listen to our AI-generated podcast summarizing today's newsletter (beware the few hallucinations): Bay Area Times Daily - Oct. 30, 2024 ►   Play Online 1. Elon Musk's xAI seeks $40B valuation in new funding Generative AI Unicorns Database. +67% from the last round that brought its valuation to $24B. May: $6B was raised in the last round. Doubling xAI's access to compute is the plan, Musk said Thu. xAI's facility in Memphis is already the largest such data center. 2. Transform Your Workflow with monday.com* monday.com. Gain clarity and control to help connect your work to your business goals. Collaborate easily, communicate clearly, and bridge silos across your organization. Collaborate easily, communicate clearly, and bridge silos across your organization. Get Started Now. *Sponsored. 3. Google Cloud drives Alphabet's Q3 accelerating revenue growth +35% YoY in Google Cloud revenue in Q3, reaching $11.4B (13%) (up from $8.4B (11% of total) a year ago). +632% in Google Cloud operating income, at $1.9B (up from $266M). +13% in Google Services revenue, totalling $76.5B. +15% in Alphabet's overall revenue to $88.3B. +34% in Alphabet quarterly net income to $26.3B. Alphabet's ad business, mainly through Google Search and YouTube, slowed. +10.4% total ad sales to $65.9B, down from 11% growth a year earlier. Alphabet's stock was +6% to $179.50 ($2.2T market cap) in trading after the bell MarketWatch: Alphabet stock. Google's AI efforts have helped Alphabet retain investors' confidence. 25%+ of new code at Google is generated using AI, Sundar Pichai revealed during the company's earning call on Tue. 4. Mac mini redesigned in 1st since 2010, with considerably smaller build Apple. 5x5-inch size, vs. 7.75x7.75-inch on the previous model. Powered by M4 and M4 Pro chips. $599 starting price. Front and back USB-C ports. Thunderbolt 5 included in Mac Mini Pro for faster data transfers. Nov. 8: shipments will start in the U.S. and other initial markets. Apple has also introduced its M4 Pro chip alongside the new Mac mini Apple. Up to 14-core CPU and 20-core GPU. Up to 2x power of the M4 GPU. 16-core Neural Engine. Up to 64GB RAM support. Today: new Macbook Pros (with the M4 Max) are expected to be announced. 5. GitHub Copilot goes multi-model, adding support for Anthropic, Google, OpenAI models GitHub. Copilot Chat will get multi-model support first. OpenAI's o1-preview and o1-mini are now available. Next week: Claude 3.5 Sonnet will be rolled out. Coming weeks: Gemini 1.5 Pro will be available. Other surface areas and functions will also get multi-model support soon. Additionally, GitHub has announced Spark as its AI tool to build web apps using natural language GitHub. Live history, previews, and the ability to edit code are provided. OpenAI and Anthropic models are deployed to create live web app previews. 6. Supercharge Your Workday: 100 ChatGPT Productivity Prompts* HubSpot. Transform your workday with HubSpot's free guide, "Using ChatGPT at Work." Discover how to leverage ChatGPT for efficiency and innovation with 100 actionable prompt ideas. This comprehensive resource covers: Demystifying ChatGPT: Understand its full potential. Practical Insights: Real-world use cases to streamline processes. Best Practices: Expert tips for maximum effectiveness. Download now and revolutionize your workflow with the power of ChatGPT! *Sponsored. 7. Samsung loses $122B market value in 4 months, more than any other chipmaker worldwide $282B is Samsung's market cap, -49% from its peak of $553B in Jan. 2021: CompaniesMarketCap: Samsung market cap. Unlike Samsung, other chipmakers gained as AI boosted demand for their chips CompaniesMarketCap. NVIDIA continued to lead the market. Overseas investors have sold ~$10.7B worth of Samsung's shares since the end of July Bloomberg. Samsung also saw its share in the global smartphone market falling to 18% in Q3 from 21% a year ago FT, IDC. China's Huawei overtook Samsung's dominance in the foldable smartphone market, with a 27.5% share in Q2 FT, Counterpoint. 8. GenAI projects on GitHub +98% YoY in 2024 GitHub. 137K public GenAI projects on GitHub. +59% in GenAI contributions. U.S. led in GenAI project contributions. Python surpassed JavaScript as the top language on GitHub. GitHub saw 5.2B contributions this year, with India emerging as the fastest-growing developer market GitHub. 108M new repositories created on GitHub in 2024. 9. China achieves global leadership positive in 5 key technologies: Bloomberg Bloomberg. 10. By 2028, 9 out of 10 smartphones priced over $250 to be GenAI-capable Counterpoint. Premium smartphones (>$600) will drive GenAI shipments, ~80% in 2024-2025. 730M+ GenAI smartphone shipments estimated by 2028. 11. Interesting videos, posts, and memes AI-Driven Auto Shops with Mastertech.ai and Data Observability with Monte Carlo | E2035 AI, Robotics & the New Global Arms Race 10. Other headlines AI OpenAI building first chip with Broadcom, TSMC, ETA 2026. Toyota, NTT to invest $3.3B for AI automotive software by 2028: sources. LinkedIn launches AI agent Hiring Assistant to aid recruiters. Software Engineer or Architect? Hire Both!* *Sponsored. Tech Humanoid robots will outnumber humans by 2040: Elon. AMD Q3 revenue +18% YoY to $6.8B, data center revenue +122% to $3.5B. Reddit Q3 revenue +68% to $348M, DAUs +47% to 97M. Trump Media stock +9% on Tue, extending 5-week rally to +324%. Snap to roll out "simple" Snapchat app in Q1 2025. X speeds up Community Notes, now can appear in 20 minutes. China to send 14th crewed mission to space in Shenzhou-19. monday.com connects and empowers teams to excel in every aspect of work. Get started now!* *Sponsored. Tech & law China arrests South Korean chip engineer on espionage charges. Biotech AbbVie buys Alzheimer's-focused Aliada for $1.4B. Physical activity, Mediterranean diet linked to longevity. Pfizer's Danuglipron to be 2nd incretin weight-loss pill to enter market: CEO. Business China weighs $1.4T in stimulus over next few years. EU slaps tariffs of up to 35% on Chinese EVs, risking Beijing backlash. UK's budget, out today, could raise taxes by £35B/year (1% of GDP). David Ellison to take control of family's Paramount stake after deal. Boeing, striking union hold 1st meeting since latest contract rejection. Crypto Terminal of Truth AI crypto bot sees X account hacked. MetaMask lays off 162 employees, 20% of workforce. DYdX CEO Juliano cuts 35% of workforce, plans pivot. Binance launches 'Binance Wealth' for elite clients. U.S. politics John Paulson, Trump adviser, says he would work with Elon on spending cuts. Trump family members, Biden aides among China hack targets: sources. Europe will pay "big price," Trump warns on tariffs. Harris warns of dangers of another Trump presidency in speech at Jan. 6 site. World Biden advisers to visit Israel to try to end war in Lebanon: report. Israel meets on Lebanon diplomatic solution, says Hezbollah lost 80% of rockets. North Korea, Russia send political shockwaves with Ukraine war moves. 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! ⭐️⭐️⭐️ OK ⭐️ 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 Terms of Service