Email Details

Apple OpenAI deal details 📱, Tesla robot works 🤖, founder liquidity secret💰

Apple and OpenAI's partnership isn't expected to generate meaningful revenue for either party, at least at the beginning 

TLDR

Together With

TLDR 2024-06-13

The payments platform for IPO-ready companies (Sponsor)

IPOs are serious business — and you'll need your financial operations to be efficient, error-free, and auditable well in advance.

With Modern Treasury's AI-assisted payments infrastructure, you can:

  • Prevent write-offs and reach 100% traceability on complex payment operations through continuous and precise reconciliation.
  • Improve operational readiness by streamlining your financial workflows for efficiency and scalability.
  • Instill confidence in investors, partners, and regulatory bodies by providing real-time visibility into financial operations.

See how smooth money movement can be ↗️

📱

Big Tech & Startups

Apple to ‘Pay' OpenAI for ChatGPT Through Distribution, Not Cash (5 minute read)

Apple and OpenAI's partnership isn't expected to generate meaningful revenue for either party, at least at the beginning. Apple believes that pushing OpenAI's brand and technology to its devices is of equal or greater value than monetary payments so it isn't paying OpenAI as part of the deal. The deal isn't exclusive - Apple is already discussing offering other chatbots as additional options. Apple eventually plans to make money from AI by striking revenue-sharing agreements with AI partners.
Meta to Reduce VP Positions From 300 to 250 (2 minute read)

Meta is reportedly looking to cut down on its number of vice-president positions from 300 to about 250. The company's job cuts were guided by principles focused on making Meta an even stronger technology company. These principles included removing multiple layers of management, canceling projects, making every organization leaner, building an optimal ratio of engineers to other roles, and investing in AI and other tools. Meta's capital expenditures on AI and Reality Labs will range between $35 billion and $40 billion by the end of 2024.
🚀

Science & Futuristic Technology

Tesla claims it has 2 Optimus humanoid robots working autonomously in factory (3 minute read)

A recent tweet from Tesla's official account listed a rundown of the company's accomplishments under Elon Musk's leadership since 2018, when the $55 billion pay package was approved by shareholders. The last item on the list claims that the company has two Optimus robots performing tasks in a factory autonomously. Musk recently said that the Optimus robot might go on sale as soon as next year. It is expected to cost 'less than half of a car'.
Giant Chips Give Supercomputers a Run for Their Money (4 minute read)

Cerebras, a California-based company, has demonstrated that its second-generation wafer-scale engine is significantly faster than the world's faster supercomputer in molecular dynamics calculations. It can also perform sparse large language model inference at one-third of the energy cost of a full model without losing any accuracy. Both achievements are possible due to the interconnects and fast memory access enabled by Cerebras' hardware. Cerebras is looking to extend the applications of its wafer-scale engine to a larger class of problems, including molecular dynamics simulations of biological processes and simulations of airflow around vehicles.
💻

Programming, Design & Data Science

Forget the dark web. Data brokers are selling your personal data to bad actors — and it's perfectly legal (Sponsor)

Data brokers build shadow profiles of you that include a frightening amount of personal details. They sell them to scammers, insurance companies, banks, businesses, and even the government. And to stop this, you'd need to contact hundreds of data brokers… or just use Incogni. 3 minutes to set up, 180+ data brokers tackled. Use code TLDR60 for a 60% discount
Restate (GitHub Repo)

Restate is a platform for building resilient applications that tolerate all infrastructure faults. It enables developers to easily build workflows, event-driven applications, and distribute services in a fault-tolerant manner with durable async/await. Restate is great at building lambda workflows as code, transactional RPC handlers, event processing with Kafka, and more. It supports TypeScript, Java, and Kotlin.
NLUX (GitHub Repo)

NLUX is a conversational AI JavaScript library that provides a UI for large language models. It makes it super simple to integrate powerful large language models into web apps. NLUX features React components and hooks, LLM adapters, streaming LLM output, and custom renderers.
🎁

Miscellaneous

Silicon Valley's Best Kept Secret: Founder Liquidity (7 minute read)

Founder liquidity is the practice where founders sell a portion of their shares during a funding round. It allows founders to reduce risk and secure personal financial stability while continuing to build the company with a fresh influx of venture capital. The practice is often kept secret because it undermines the narrative of the founder who is 'all-in'. It might change how startups are perceived and valued if it were widely known that founders could de-risk their financial position while their employees remained all-in.
Spreadsheet Superstars (40 minute read)

Competitive Excel is a real thing. The Excel World Championship was recently held at the MGM in Las Vegas. This article takes readers to the front rows of the event. It details what the competition entails and what the event was like. While the event may never be mainstream, it proves that spreadsheeting can be a sport.

Quick Links

✈️ Spend $1 Today, Save Up to $2k on Your Next Vacation (Sponsor)

For the next 12 hours, try Dollar Flight Club for just $1. Fly to Hawaii from $109. Greece from $247. Or Mexico from $137. The $1 deal is only here for 12 hours. Join 1 million members for just $1 today.
The video game industry has set a tragic new record for in-year layoffs (18 minute read)

10,900 video game industry employees have been laid off so far in 2024 compared to the prior record of 10,500 in 2023.
Nvidia Conquers Latest AI Tests (4 minute read)

Systems powered by Nvidia's Hopper architecture dominated the results of two new tests from MLPerf, an AI benchmarking suite, that compare the fine-tuning of large language models and training of graph neural networks.
Elon Musk reconsiders phone project after Apple Intelligence OpenAI integration (4 minute read)

Elon Musk responded to Apple's integration of OpenAI ChatGPT on some of its devices by threatening to ban all Apple devices from the premises of his companies.
OpenAI Doubles Annualized Revenue to $3.4 Billion (2 minute read)

The vast majority of the revenue comes from OpenAI's products and services - the company has been working to boost revenue by selling services to enterprise customers.
Firefox will upgrade more Mixed Content in Version 127 (3 minute read)

Firefox will start automatically upgrading audio, video, and image subresources from HTTP to HTTPS starting with version 127.
AI will make money sooner than you'd think (54 minute read)

This article contains a transcript of an interview with Aidan Gomez, CEO of Cohere, where he discusses Cohere's path to profitability, the benefit of competition in the enterprise space, AI's current abilities, the future of large language models, and more.

Love TLDR? Tell your friends and get rewards!

Share your referral link below with friends to get free TLDR swag!
Track your referrals here.

Want to advertise in TLDR? 📰

If your company is interested in reaching an audience of tech executives, decision-makers and engineers, you may want to advertise with us.

If you have any comments or feedback, just respond to this email!

Thanks for reading,
Dan Ni & Stephen Flanders


If you don't want to receive future editions of TLDR, please unsubscribe from TLDR or manage all of your TLDR newsletter subscriptions.

© 2024 Email Dashboard. All rights reserved.