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May 27, 2024, 8:25 AM
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Top News

x.ai:
xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says, at a pre-money valuation of $18B  —  xAI is pleased to announce our series B funding round of $6 billion.  —  xAI is pleased to announce...
Mark Gurman / Bloomberg:
A closer look at Apple's AI strategy: Project Greymatter, local and cloud LLM data processing, Siri, approach to the chatbot partnership with OpenAI, and more  —  Though Apple's first set of modern AI features won't be as impressive as rival offerings, the company is betting that its massive customer base can give it an edge.
Michael Nuñez / VentureBeat:
Researchers find that GPT-4 outperforms human analysts in predicting future corporate earnings growth even when provided only with financial statements  —  Researchers from the University of Chicago have demonstrated that large language models (LLMs) can conduct financial statement analysis …
Wall Street Journal:
An analysis of ChatGPT, Claude, Copilot, Gemini, and Perplexity's responses to some real-life questions and everyday tasks: Perplexity ranked first overall  —  We tested OpenAI's ChatGPT against Microsoft's Copilot and Google's Gemini, along with Perplexity and Anthropic's Claude.  Here's how they ranked.
Lulu Garcia-Navarro / New York Times:
Q&A with Netflix's Ted Sarandos on the state of Hollywood, shifting US tastes, programming strategy, ads, corporate activism, YouTube, live events, AI, and more  —  Devin Oktar Yalkin for The New York Times  —  If you're anything like me, you probably spent some large portion of this week sitting on your couch watching Netflix.
Louise Matsakis / Big Technology:
How Shein and Temu, which are spending billions on digital ads and offering steep discounts or free products, have become big threats to Amazon in the US  —  In the fall of 2020, Amazon looked unstoppable.  The pandemic lockdowns had supercharged its e-commerce business …
Reuters:
China set up a new $47.5B state-backed investment fund on May 24 as the third phase of its Big Fund to boost the country's semiconductor industry  —  China has set up a new state-backed investment fund with registered capital of 344 billion yuan ($47.5 billion) to boost the country's semiconductor industry.
Prospect:
A running list of the best startups to join  —  We've analyzed thousands of startups using the same data VCs use and distilled our list down to the top 2%.  Discover and join the next Stripe, Airbnb, or Coinbase today.
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TIME:
LLMs aren't sentient; they lack the physiological states required for sensations like hunger and pain, and thus can't have subjective experiences of such states  —  Artificial general intelligence (AGI) is the term used to describe an artificial agent that is at least as intelligent as a human …
Viola Zhou / Rest of World:
How Threads became a gathering space for young progressives in Taiwan, who now use the app to organize protests against pro-China opposition parties  —  Despite Meta's promise to crack down on political content in the app, Taiwanese activists are using it to organize.

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Prospect:
A running list of the best startups to join  —  We've analyzed thousands of startups using the same data VCs use and distilled our list down to the top 2%.  Discover and join the next Stripe, Airbnb, or Coinbase today.
Zoho:
Automate mundane and repetitive tasks with Zoho Forms - Part 3  —  HR professionals, this one is for you!  Your inbox is overflowing with leave requests, performance reviews loom on the horizon, and a new batch of excited faces needs onboarding.
Techmeme Leaderboards:
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Newest

Rita Liao / TechCrunch:
Data.ai: of the top 20 education apps in the US App Store, five are AI agents that help with school assignments, the two most popular of which are Chinese-ownedFind
40 minutes ago
Lulu Garcia-Navarro / New York Times:
Q&A with Netflix's Ted Sarandos on the state of Hollywood, shifting US tastes, programming strategy, ads, corporate activism, YouTube, live events, AI, and moreFind
4 hours ago
x.ai:
xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says, at a pre-money valuation of $18BFind
7 hours ago
Reuters:
China set up a new $47.5B state-backed investment fund on May 24 as the third phase of its Big Fund to boost the country's semiconductor industryFind
9 hours ago
Wall Street Journal:
An analysis of ChatGPT, Claude, Copilot, Gemini, and Perplexity's responses to some real-life questions and everyday tasks: Perplexity ranked first overallFind
13 hours ago
Michael Nuñez / VentureBeat:
Researchers find that GPT-4 outperforms human analysts in predicting future corporate earnings growth even when provided only with financial statementsFind
16 hours ago
Financial Times:
A look at the UK's $5.5B gaming industry, as PE firm EQT makes a ~$2.8B purchase offer for Keyword Studios, and other developers shore up their balance sheetsFind
19 hours ago
Full Time-Sorted List

From Mediagazer

Washington Post:
The Washington Post says it knew about the upside-down US flag at Justice Alito's house in 2021 but did not report it as it didn't seem related to politics

Sarah Scire / Nieman Lab:
As traffic from social media drops, nonprofit news outlets are experimenting with in-person outreach to distribute journalism to new and underserved audiences

Hanaa' Tameez / Nieman Lab:
Q&A with Radio Ambulante's cofounders on the launch of Radio Ambulante Records, the podcast company's label, which they see as a community building exercise

More News

Nikkei Asia:
IoT Analytics: Nvidia, whose Q1 data center revenue grew 427% YoY to $22.6B, has 90%+ market share for data center GPUs, as Intel and AMD scrap for second place
Zack Whittaker / TechCrunch:
Filings: US pharmaceutical company Cencora notified ~500K individuals since learning about a data breach in February 2024 that exposed health diagnoses and more
Wes Davis / The Verge:
A US jury finds that Phoenix Digital, which owns the cheat mod site AimJunkies, is guilty of violating Bungie copyrights when it created cheats for Destiny 2

Earlier Picks

Will Knight / Wired:
How SLMs like Microsoft's Phi-3, which can run locally on phones or PCs without big compromises, open up new AI use cases by being more responsive and private
Kevin Breuninger / CNBC:
Similarweb: Truth Social's average number of US monthly visits was just over 4M from May 2023 to April 2024, down 39%+ from the prior 12-month period
Washington Post:
Two lawsuits filed on behalf of the Uvalde shooting victims allege Activision, Meta, and the gunmaker, Daniel Defense, are responsible for “grooming” the gunman
Peter Kafka / Business Insider:
Google says the vast majority of AI Overviews provide high-quality information and many of the viral examples have been uncommon queries or have been doctored
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