Saturday, June 15, 2024

Techpresso logo

TECHPRESSO

OpenAI considers for-profit status

Receive a daily summary of what happened in tech, powered by ML and AI.

Thank you! We sent you a verification email.
Oops! Something went wrong while submitting the form.
Join 1,500+ thinkers, builders and investors.

Good morning! This is your daily ☕️ Techpresso.



In today's Techpresso:

🤔 OpenAI considers for-profit status

🔮 Nvidia releases free LLMs that match GPT-4 benchmarks

🚨 Apple to face major charges over App Store monopoly

🤷‍♂️ Meta pauses plans to train AI using European users’ data

❌ Google CEO denies offering to buy startup for $600 million that later went up in flames

🎁 + 5 other news you might like

🔮 + 4 handpicked research papers and tools

🤔 OpenAI considers for-profit statusLINK

  • OpenAI CEO Sam Altman revealed that the company is considering becoming a for-profit benefit corporation, potentially facilitating an IPO and granting Altman a stake in the company.
  • Investors have been urging OpenAI to adopt this new status, which legally mandates balancing profit with societal and environmental responsibilities, potentially boosting the company's growth and market presence.
  • The AI industry is witnessing significant changes, with OpenAI possibly partnering with major firms like Apple, while competitors like Microsoft are advancing their own independent AI models and enhancing key alliances.
  • 🔮 Nvidia releases free LLMs that match GPT-4 benchmarksLINK

  • Nvidia has unveiled Nemotron-4 340B, an open-source pipeline for generating synthetic data that aims to help developers create high-quality datasets for training large language models for commercial purposes.
  • The Nemotron-4 340B family includes base, instruction, and reward models, and it has shown performance comparable to or better than GPT-4 in various benchmarks, including MT-Bench, MMLU, and HumanEval.
  • The models are optimized for inference using Nvidia NeMo and the Nvidia TensorRT-LLM library, and they are available under an open license for commercial use with all data accessible on Huggingface.
  • 🚨 Apple to face major charges over App Store monopolyLINK

  • The European Commission is possibly preparing charges against Apple, claiming its App Store rules breach the Digital Markets Act (DMA), which mandates competition promotion for large tech platforms.
  • Preliminary findings suggest Apple has not met the DMA's criteria, potentially exposing the company to daily penalties of up to 5 percent of its average daily turnover, or around $50 million per day.
  • Apple faces global pressure to adjust its App Store policies, with multiple countries and judicial bodies challenging its rules, aiming to foster competitive, fair practices across app distribution and payment systems.
  • 🤷‍♂️ Meta pauses plans to train AI using European users’ dataLINK

  • Meta has paused its AI assistant plans in Europe due to objections from Ireland’s privacy regulator, the Irish Data Protection Commission (DPC), over the use of publicly posted Facebook and Instagram content for training.
  • The company expressed disappointment with the DPC's request, citing efforts to comply with European privacy laws and contrasting its situation with Google and OpenAI, which allegedly already used European data for AI training.
  • European regulators, including the UK Information Commissioner’s Office, have welcomed Meta's decision to pause, following advocacy group NOYB's campaign and multiple complaints against Meta’s data collection practices.
  • ❌ Google CEO denies offering to buy startup for $600 million that later went up in flamesLINK

  • Alphabet CEO Sundar Pichai testified in court, denying any discussion about Google purchasing Ozy Media for $600 million.
  • Carlos Watson, co-founder of Ozy, allegedly lied about Google's interest to defraud investors of millions, including a $20 million investment based on false claims.
  • Pichai confirmed Google considered hiring Watson for a news programming role, which could have included a $25 million investment in Ozy as part of the deal.
  • Other news you might like

    Hugging Face CEO says he hears from 10 AI founders a week who want to sell their startups.LINK

    Huawei’s HarmonyOS unseats Apple’s iOS to become China’s No 2 mobile operating platform.LINK

    Google loses bid to end US antitrust case over digital advertising.LINK

    Boeing Starliner not ready to come back to Earth – leaving astronauts on International Space Station.LINK

    Retired engineer discovers 55-year-old bug in Lunar Lander computer game code.LINK

    Latest research and tools

    SecondPage: blocks top 1000 English sites from Google search to reduce the visibility of large media brands, aiming for a more diversified content exposure.LINK

    Threescaper: a website that allows users to import Townscaper models into Three.js for enhanced viewing and interaction.LINK

    Exhaustive Survey of Rickrolling in Academic Literature: the study reveals instances where researchers have included 'Rickrolling' as a humorous or surprise element in scholarly articles.LINK

    Can Language Models Serve as Text-Based World Simulators?: language models can simulate aspects of the world through text, facilitating understanding and prediction of complex scenarios.LINK


    Want to get the latest news differently? Find us on:

    twitter instagram instagram instagram


    See you tomorrow for a new dose of ☕️ Techpresso!

    Feeling behind on AI?

    You're not alone. Techpresso is a daily tech newsletter that tracks the latest tech trends and tools you need to know. Join 300,000+ professionals from top companies like OpenAI, Apple, Google and more. 100% FREE.
    Thank you! We sent you a verification email.
    Oops! Something went wrong while submitting the form.
    Join 1,500+ thinkers, builders and investors.
    You're in! Thanks for subscribing to Techpresso :)
    Oops! Something went wrong while submitting the form.
    Join 5,000+ thinkers, builders and investors.