Good morning! This is your daily ☕️ Techpresso.
On this day, 16 years ago, the battle for the successor to the DVD concluded as HD DVD was discontinued, paving the way for Sony's Blu-ray format after it gained industry-wide support.
In today's Techpresso:
🤖 OpenAI in talks to acquire Nvidia competitor
💰 SoftBank to build a $100B AI chip venture
💸 Reddit has a new AI training deal to sell user content
🤷♀️ Air Canada chatbot promised a discount. Now the airline has to pay it.
🍎 Apple faces €500m fine from EU over Spotify complaint
🎁 + 8 other news you might like
🔮 + 5 handpicked research papers and tools
🤖 OpenAI in talks to acquire Nvidia competitorLINK
British AI chipmaker Graphcore is in discussions with OpenAI, among other companies, about a potential sale or additional venture capital due to heavy losses.
Graphcore, competing with Nvidia in AI chip market, struggled with sales, leading to a more than $200 million loss in 2022.
The company's Intelligence Processing Unit (IPU) technology, including the innovative Bow IPU, aims to rival Nvidia's offerings in AI computing but has not yet achieved significant market penetration.
💰 SoftBank to build a $100B AI chip ventureLINK
SoftBank’s Masayoshi Son is seeking $100 billion to create a new AI chip venture, aiming to compete with industry leader Nvidia.
The new venture, named Izanagi, will collaborate with Arm, a company SoftBank spun out but still owns about 90% of, to enter the AI chip market.
SoftBank plans to raise $70 billion of the venture's funding from Middle Eastern institutional investors, contributing the remaining $30 billion itself.
💸 Reddit has a new AI training deal to sell user contentLINK
Reddit has entered into a $60 million annual contract with a large AI company to allow the use of its social media platform's content for AI training as it prepares for a potential IPO.
The deal could set a precedent for similar future agreements and is part of Reddit's efforts to leverage AI technology to attract investors for its advised $5 billion IPO valuation.
Reddit's revenue increased to more than $800 million last year, showing a 20% growth from 2022, as the company moves closer to launching its IPO, possibly as early as next month.
🤷♀️ Air Canada chatbot promised a discount. Now the airline has to pay it.LINK
A British Columbia resident was misled by an Air Canada chatbot into believing he would receive a discount under the airline’s bereavement policy for a last-minute flight booked due to a family tragedy.
Air Canada argued that the chatbot was a separate legal entity and not responsible for providing incorrect information about its bereavement policy, which led to a dispute over accountability.
The Canadian civil-resolutions tribunal ruled in favor of the customer, emphasizing that Air Canada is responsible for all information provided on its website, including that from a chatbot.
🍎 Apple faces €500m fine from EU over Spotify complaintLINK
Apple is facing a reported $539 million fine as a result of an EU investigation into Spotify's antitrust complaint, which alleges Apple's policies restrict competition by preventing apps from offering cheaper alternatives to its music service.
The fine originates from Spotify's 2019 complaint about Apple's App Store policies, specifically the restriction on developers linking to their own subscription services, a policy Apple modified in 2022 following regulatory feedback from Japan.
While the fine amounts to $539 million, discussions initially suggested Apple could face penalties nearing $40 billion, highlighting a significant reduction from the potential maximum based on Apple's global annual turnover.
Other news you might like
Meta's chief AI researcher says OpenAI's "world simulator" Sora is a dead end.LINK
U.S. to give $1.5 billion for computer-chip plant, heating up global race.LINK
OpenAI tries to trademark 'GPT'. US Patent Office says nope.LINK
EU opens formal probe of TikTok under Digital Services Act, citing child safety, risk management & other concerns.LINK
Google offers 300% hike to retain employee switching to AI startup.LINK
Wyze says camera breach let 13,000 customers briefly see into other people’s homes.LINK
Your Google Search results could be wrong, thanks to AI.LINK
Google debuts first Android 15 developer preview without a single mention of AI.LINK
Latest research and tools
Better default Firefox UI tool: addresses UI issues of Firefox v89 by implementing intuitive, simple, and efficient design principles, thereby enhancing usability and user experience.LINK
PRQL in PostgreSQL: allows the use of PRQL, a simpler query language, directly within PostgreSQL databases.LINK
Exploring AI's Limits: the boundary of neural network trainability exhibits fractal characteristics.LINK
The namingless programming language: a recreational programming tool that avoids any naming conventions, utilizing a single data structure and operation for coding.LINK
Vector database API on Cloudflare: a custom-built tool for managing vector database operations using Cloudflare's infrastructure.LINK
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