🗞️ Microsoft expands Copilot

October 02, 2024   |   Listen Online   |   Read Online Brought to you by: Top stories today: OpenAI introduces Realtime API to let devs build apps with fast AI voice responses NVIDIA releases NVLM 1.0 open-weights LLM to fight Meta, OpenAI Microsoft Copilot Vision, Voice reads your screen, speaks to you Apple said to soon begin production of new iPhone SE Samsung laying off 1K's of employees in overseas markets Follow us on X | Instagram | Advertise 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. We are proud to be launching the Bay Area Times Daily, hosted by our very new Amy and Ian (our AI duo). We're still getting Amy and Ian up to speed (they still hallucinate a bit), but check them out below and reply back to this email letting us know what you think! Bay Area Times Daily - Oct. 2, 2024 ►   Play Online 1. OpenAI introduces Realtime API to let devs build apps with low-latency AI voice responses OpenAI gave a glimpse of the Realtime API with demo apps at its 2024 DevDay: Healthify app uses Realtime API to enable natural conversations (OpenAI). Public beta now available to all paid devs. Natural speech-to-speech conversations are claimed through the API. 6 preset voices are supported, similar to ChatGPT's Advanced Voice Mode. Additionally, OpenAI introduced vision fine-tuning on GPT-4o to custom train AI with images A desktop bot identifying UI elements via vision fine-tuning with website screenshots (OpenAI). OpenAI also launched a Model Distillation feature to fine-tune smaller models with the outputs of larger AI models OpenAI. Prompt Catching was introduced, offering a 50% discount on inputs that the model has recently seen Differences between the pricing of uncached and cached input tokens (OpenAI). Prompt Catching is automatically applied on the latest versions of GPT-4o, GPT-4o mini, o1-preview, and o1-mini. 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. NVIDIA releases NVLM 1.0 open-weights LLM to fight Meta, OpenAI, Anthropic The LLM delivers competitive results against Llama 3-V 70B, GPT-4o, and Claude 3.5 Sonnet on various benchmarks: VentureBeat arxiv.org. 72B-parameter size. Non-commercial license. Improves performance on text-only tasks after multimodal training. Our view: NVIDIA doesn't have the incentive to threaten closed source players, unlike Meta Companies like OpenAI and Google are the largest purchasers of NVIDIA GPUs, so the chip maker likely wants them as allies. Meta has a higher incentive to undercut the closed models, as they don't make money from AI by selling access to models, but rather through better ads. 4. Microsoft Copilot Vision, Voice allows your computer to read your screen, speak to you TechCrunch, Microsoft. Copilot Vision analyzes text and images on webpages to answer queries. Available as a Copilot Pro-exclusive, opt-in program. It deletes data immediately after the conversation, Microsoft claimed. Blocked from analyzing paywalled and "sensitive" content. U.S.-only availability at the moment. Copilot Voice offers audio responses in 4 synthetic voices for queries asked in English Microsoft. New Zealand, Canada, Australia, the U.K., and the U.S. are its initial markets. Think Deeper has also debuted to let Copilot answer more complex problems. A limited number of Copilot Labs users in Australia, Canada, New Zealand, the U.S., and the U.K. have gotten the feature initially. Windows search has also been upgraded with AI, starting with an update coming to File Explorer in Nov. The Verge, Microsoft. Search for pictures using words on File Explorer will now be possible. "In the coming months," the AI experience will also be on the main Windows search interface. Click to Do feature also introduced to offer interactive overlay on screen to search from text and visuals, similar to Google's Circle to Search. Additionally, Copilot Daily has been launched to give spoken summary of weather and current events. Reuters, FT, and Axel Springer, among the paid content providers. Microsoft has also started rolling out its Bing generative search, introduced in July, to all U.S. users Bing. 5. Apple said to soon begin production of new iPhone SE without home button The new iPhone SE with an iPhone 14-like front design is rumored to be in the works: Early 2025: ETA. Edge-to-edge display will take away the old home button design. New iPad Air models are rumored to come alongside the iPhone SE, with mostly internal improvements. The Magic Keyboard may also get an update for the new iPad Air. 2024-end: when a new iPad mini is said to debut — ahead of the new Airs. 6. Your bank account should do more than hold your money. With Mercury, it can.** Mercury. Get complete and accurate visibility into all your money movements, like outgoing payments and incoming invoices. Pay bills without third-party processing to pay bills the moment you need to. Close the books faster with time-saving automations and integrations for QuickBooks, NetSuite, and Xero. Join over 200K startups who use Mercury to simplify their finances today. **Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes. 7. Samsung laying off 1K's of employees in overseas markets amid market challenges 50%+ or 147,000 Samsung employees are based overseas: Bloomberg, Samsung Electronics Sustainability Report 2024. ~10% job cuts in Southeast Asia and Australia are reported. Management and support functions are largely impacted. Growing AI demand has challenged Samsung. Samsung stock -23% YTD. Recently, ~10% jobs Samsung trimmed in India and Latin America. 8. Foreign investors remain bearish on China but hopeful after stimulus introduction Continuous decline in foreign investments in China (FT, BNY iFlow data). $4.2B was pulled from U.S.-domiciled China, Hong Kong, and Taiwan ETFs and mutual funds YTD. Chinese stocks were +7% on Wed. on stimulus optimism. 10-15% foreign share of trading volume in Chinese stocks. China's stock market turnover is 5x'd after the stimulus announced last week. External risks to China still exist, including the outcome of the U.S. election. 9. BTC miner profit fell to "recent record" low during Sep -6% daily block reward gross profit in Sep from last month: Bloomberg, JP Morgan. 3rd consecutive month of drop in daily mining revenue and gross profit. Despite the moderate increase in BTC prices, the decline occurred. -50% block reward every 4 years in a pre-programmed halving event. Halving prevents inflation and maintains BTC's 21M token cap. $10B+ annual revenue loss is expected due to the halving this year. 10. 8 new unicorns emerged worldwide in Sep., with $18.9B total valuation PitchBook. 1,422 active unicorns exist in total globally, with $4.4T cumulative valuation. 964 unicorns makes the U.S. the dominating region, following 622 in Asia PitchBook. 900 unicorns are in the IT sector, followed by 319 in consumer products and services PitchBook. 11. Interesting videos, posts, and memes Juan Carlos Izpisua Belmonte, Altos Labs | All-In Summit 2024 Monique Woodard, Fund of Funds Panel & The Pro-Rata Yacht! | E2018 The Quest for Community-Trained Open Source AI Models 12. Other headlines AI Google DeepMind, BioNTech building AI lab assistants for scientific research. Microsoft AI CEO interview on Copilot's progress. OpenAI's staff grumbled o1 model had been released prematurely. Anthropic hires OpenAI co-founder Durk Kingma. Athyna: hire incredible global talent with up to 70% savings vs. U.S. hires.* monday.com connects and empowers teams to excel in every aspect of work. Get started now!* *Sponsored. Tech Peak XV cut $2.85B fund by 16% 1 year after Sequoia split. Microsoft discontinuing HoloLens 2, with no replacement. Equinix signs $15B deal with GIC, CPPIB to build U.S. data center infrastructure. Sidebar is a personal board of advisors for the next generation of leaders. Join now! * *Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes. Tech & law U.S. labor board accuses Apple of imposing illegal workplace rules. Biotech Lab-grown lung tissue paves way for advances in organ transplants. CVS Health to lay off nearly 2,900 employees in cost-cutting push. Business Nike's revenue -10% to $11.6B, expects Q2 revenue to fall by 8-10%. Saudi oil minister warns OPEC members of $50 oil if "overproduction" continues. McKinsey weighs asking North American employees to come to office more often. U.S. issues $2B electric vehicle tax rebates since Jan. 1: Treasury. Crypto Hacker pleads guilty to stealing $37M in crypto via "cyber intrusion." Robinhood introduces crypto transfers in Europe. U.S. politics Walz, Vance clash, politely, at policy-heavy vice presidential debate. 42% say Vance, 41% Walz won debate. Harris, Trump's approach to Mideast crisis, hurricane to test public mood. World Netanyahu says Iran "will pay" for firing record 181 missiles at Israel. Former PM Bennett: Israel must destroy Iran's nuclear program now. U.S. says we will help Israel exact "severe consequences" from Iran. EU condemns Iran's attack on Israel, urges regional ceasefire. Ukraine forces withdraw from strategic outpost as Russian troops advance. Russia plans emergency public warning tests on Wed. 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. 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