🗞️ Meta building search engine

October 29, 2024   |   Listen Online   |   Read Online Brought to you by: Top stories today: iMac with M4 chip unveiled with faster Neural Engine for AI, new colors Apple Intelligence officially available via iOS 18.1, iPadOS 18.1, macOS 15.1 ChatGPT reaches 250M weekly users, adds 50M in 2 months Meta said to be developing search engine to reduce dependency White House finalizes rules to curb AI investments in China Open Source Initiative releases definition of "open source" AI 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. 29, 2024 ►   Play Online 1. iMac with M4 chip unveiled with faster Neural Engine for AI, new colors Apple. Nov. 8: shipments will start in the U.S. and other initial markets. 16-core Neural Engine does 38T operations per second, vs. 18T for the iMac M3. $1,299 starting price. Up to 1.7x faster for daily productivity than the M1 iMac. Nano-texture glass option on the 24-inch 4.5K Retina display. 12MP Center Stage camera with Desk View. USB-C on keyboard, mouse, and trackpad, replacing the earlier Lightning port. A comparison chart posted on Amazon suggests the Mac Mini is getting the M4 this week, in addition to the MacBook Pro MacRumors. "We begin a series of three exciting new product announcements that will take place over the coming days," said Apple's senior vice president of Hardware Engineering, John Ternus. 2. Discover The Ultimate Planning Software Deployment Guide for SaaS Companies* Sage Intacct. Planning to deploy new software for your SaaS company? Learn strategies for training your teams, managing change, and maximizing adoption from Sage Intacct. This guide has practical tips and expert advice to help you achieve a seamless software deployment. Save time, money, and frustration by following the proven strategies and best practices outlined in this guide. Download the e-book now and gain access to the ultimate planning software deployment guide for SaaS companies. Ensure a successful software deployment and set your SaaS company up for long-term success! Download the e-book now *Sponsored. 3. Apple Intelligence officially available via iOS 18.1, iPadOS 18.1, macOS 15.1 Apple. Writing tools, image cleanup, and typing with Siri are among the new features. iPhone and iPad users in the EU will have to wait until April. All iOS 18.1 features detailed here. Dec.: when Apple Intelligence will get further updated with new features. All iPhone 16s, iPhone 15 Pros, iPad with A17 Pro and M1, Mac with M1 and later are compatible. 4. ChatGPT reaches 250M weekly users, adds 50M in 2 months OpenAI CFO Sarah Friar disclosed the new weekly active user number. ~75% of OpenAI's business comes from ChatGPT's subscriptions, Friar said. 5%-6% of OpenAI's free users are upgrading to the paid ChatGPT version. Watch the full interview with OpenAI's CFO below OpenAI CFO Says AI Isn't Experimental Anymore 5. The Biggest Hearing Tech Breakthrough in a Decade* hear.com What happens when you combine German engineering with the world's most trusted name in hearing care? The biggest breakthrough in hearing technology in more than a decade: the award-winning Horizon hearing aid. Join 400,000+ people hearing better than ever with a 45-day, no-risk trial. Learn More *Sponsored. 6. Meta said to be developing search engine to reduce dependency on Google, Microsoft Meta AI could power the company's rumored search engine. For ~8 months, some web indexing work has been in the works silently. Web indexing would help answer queries without 3rd-party search engines. Last week, Meta partnered with Reuters for news-related AI queries. Jul.: when Meta publicly shared details about its web-crawler technology. 7. White House finalizes rules to curb AI investments in China Jan. 2: when the "Outbound Investment Executive Order" will come into effect. Semiconductors and microelectronics, quantum computing, and AI systems are covered by the rules. U.S. investments in China, Special Administrative Regions of Hong Kong, and Macau will be restricted. 8. Open Source Initiative releases much-awaited definition of "open source" AI "Complete description of all data used for training" must be included. Entire source code for training and running the system must be shared. Parameters shall be made available under OSI-approved terms. The move took 2 years and several rounds of consultations. Meta, the makers of Llama AI models, disagreed with the definition. "There is no single open source AI definition, and defining it is a challenge," Meta said. 9. Google expands AI Overviews to 100+ countries and territories worldwide Canada, Australia, New Zealand, South Africa, Colombia, and Chile are among the new countries. 1B+ global users monthly are aimed to be reached by the expansion. English, Hindi, Indonesian, Japanese, Portuguese, and Spanish are the supported languages. May: when AI Overviews was launched within Google Search in the U.S. Aug.: when the feature was expanded to India, Japan, Indonesia, Mexico, and Brazil. 10. U.S. VC fund distributions to LPs near levels last seen during the global financial crisis PitchBook. 5.20% is the 12-month distribution yield as a percentage of NAV in 2024 YTD. 33% was the peak NAV percentage in 2021. 11. Chinese companies control 67% of the global EV battery market Counterpoint. CATL continued to lead the market in H1 2024, with a 38% share. BYD has secured its 2nd position, with 14% share. +19% YoY growth in the global EV battery market. China led the market in terms of EV battery installations. Europe and the U.S. followed. 12. Interesting videos, posts, and memes How to make $20,000,000 with a landing page Daniel Khachab: "We Are in the Middle of a Cold War for AI Talent" | E1220 13. Other headlines AI Sierra, OpenAI chair's AI startup, raises $175M at $4.5B valuation. AI founders starting their own VC funds. Software Engineer or Architect? Hire Both!* *Sponsored. Tech ByteDance founder Yiming now China's richest with $49B net worth. Armis cybersecurity startup raises $200M at $4.2B valuation. Robinhood enters election betting with Harris, Trump contracts. iPhone exports from India reach $6B, on track to pass $10B by 2024-end. monday.com connects and empowers teams to excel in every aspect of work. Get started now!* *Sponsored. Tech & law Microsoft says Google runs "shadow campaigns" in Europe to sway regulators. Canada orders Google to pay $100M to news outlets, despite exemption from law. Biotech Novartis's revenue +10%, operating income +20%, guidance up. Rejuvenate Biomed to commence Phase 2 sarcopenia trial. Business Boeing raises $21B in capital hike to boost liquidity. JPMorgan sues customers over alleged "infinite money glitch" scheme. BP posts weakest quarterly earnings in 4 years on lower crude prices. Crypto Crypto.com overtakes Coinbase in crypto volume in U.S. Sequoia Capital to make $100M+ from Stripe-Bridge deal for $1.1B. Kalshi to supply price data for blockchain oracle service Stork. U.S. politics Harris to do "closing argument" speech in park Trump spoke on Jan. 6. Philadelphia DA sues Elon Musk PAC to stop $1M lottery for voters. Jeff Bezos defends WP non-endorsement, says Americans "don't trust" media. 200K WaPo subscribers cancel after Bezos blocks Harris endorsement. World Israel passes anti-UNRWA laws, U.S. urges reconsideration. IDF: military goals in Lebanon have been achieved. Pentagon reportedly running low on air-defense missiles as demand surges. China's Xi pressed Biden to alter language on Taiwan: report. Israel's strike on Iran also hit Russian arms' once-strong image. 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. 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