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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
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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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Listen to our AI-generated podcast summarizing today's newsletter (beware the few hallucinations): |
| Bay Area Times Daily - Oct. 29, 2024 ► Play Online |
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1. iMac with M4 chip unveiled with faster Neural Engine for AI, new colors |
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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.
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A comparison chart posted on Amazon suggests the Mac Mini is getting the M4 this week, in addition to the MacBook Pro |
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3. Apple Intelligence officially available via iOS 18.1, iPadOS 18.1, macOS 15.1 |
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4. ChatGPT reaches 250M weekly users, adds 50M in 2 months |
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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.
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Watch the full interview with OpenAI's CFO below |
 | OpenAI CFO Says AI Isn't Experimental Anymore |
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6. Meta said to be developing search engine to reduce dependency on Google, Microsoft |
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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.
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7. White House finalizes rules to curb AI investments in China |
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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.
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8. Open Source Initiative releases much-awaited definition of "open source" AI |
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"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.
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9. Google expands AI Overviews to 100+ countries and territories worldwide |
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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.
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10. U.S. VC fund distributions to LPs near levels last seen during the global financial crisis |
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11. Chinese companies control 67% of the global EV battery market |
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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.
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12. Interesting videos, posts, and memes |
 | How to make $20,000,000 with a landing page |
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 | Daniel Khachab: "We Are in the Middle of a Cold War for AI Talent" | E1220 |
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13. Other headlines |
AI |
Sierra, OpenAI chair's AI startup, raises $175M at $4.5B valuation. AI founders starting their own VC funds.
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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.
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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.
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Biotech |
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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.
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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.
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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.
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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.
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