🗞️ Ilya's new startup launches

June 20, 2024   |   Read Online Brought to you by: Top stories today: Safe Superintelligence, Ilya Sutskever's new startup, announced NVIDIA becomes the world's #1 most valuable company X delayed Payments launch due to regulatory pushback London leads in # of AI startups in Europe, France leads in $ raised Follow us on X | Instagram | Advertise to our 250K+ subscribers 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. 1. Safe Superintelligence, Ilya Sutskever's new startup, announced A home page is all they have so far: Safe Superintelligence Inc. No product launches until superintelligence: "Our singular focus means no distraction by management overhead or product cycles, and our business model means safety, security, and progress are all insulated from short-term commercial pressures." Co-founders: Daniel Gross (investor), Daniel Levy (developer). Offices in Palo Alto and Tel Aviv. 2. NVIDIA becomes the world's #1 most valuable company, surpassing Microsoft CompaniesMarketCap. 50% of NVIDIA's AI server chips are going to AWS + Microsoft. NVIDIA also agreed to buy Shoreline for reported $100M. 3. The Dispatch: Home for the Politically Homeless* Tired of sensationalized news that prioritizes clickbait and outrage? Consider signing up for The Dispatch. The Dispatch provides engaged citizens with fact-based reporting and commentary, informed by conservative principles. We've created a community for intelligent discussion and a home for the "politically homeless." No noise, just reliable journalism that prioritizes context, depth, and understanding. Bay Area Times readers: Claim your exclusive 30-day, all-access FREE trial today. *Sponsored. 4. X delayed Payments launch due to regulatory pushback "X told regulators in Massachusetts last August that it would resubmit applications for international money transfers after securing permission to operate in a majority of US states. (It has since reached that threshold.)" Small fees planned for some, but not all, types of transactions. Elon owns 75% of X, and no one owns more than 10%. 5. London leads in # of AI startups in Europe, France leads in $ raised Dealroom. $2.29B raised by French generative AI startups to date, including Mistral, Hugging Face, and H. $1.15B by UK ones (Stability), $1.04B for Israel (AI21, Run:ai), $636M for Germany (Aleph Alpha). 6. What to watch in the energy & climate sector* Axios Pro. The energy & climate sector is rapidly evolving as forces like The Inflation Reduction Act, the global focus on reducing CO2 emissions and an influx of new energy technologies all converge. In this report, the Axios Pro newsroom analyzes key trends, deals and policies you should be watching right now. Download the free industry report now. *Sponsored. 7. Interesting videos, posts, and memes Aravind Srinivas: Perplexity CEO on Future of AI, Search & the Internet | Lex Fridman Podcast #434 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 8. Other headlines AI Perplexity gets legal letter from Forbes. Chinese AI startups start launching products in U.S. Apple looks for Chinese partner to offer Apple Intelligence services there. Nebius AI: Fight for the best price on your H100 GPU cluster.* Athyna: hire incredible global talent with up to 80% savings vs. U.S. hires.* *Sponsored. Tech Vision Pro v2 development halted, focus now on cheaper Vision. Boeing's crewed Starliner mission delays return from ISS. Elon pitches advertisers at Cannes to return to X. Axios Pro: Deals Tracker helps you find your next investment, faster.* *Sponsored. Tech & law China plans measures to encourage international VC. Business Mortgage rate drops below 7% for 1st time since Mar. Swiss central bank cuts rates from 1.50% to 1.25%. Boeing victims' families seek $25B fine. Washington Post's new CEO plans 3rd newsroom doing social media. Crypto SEC's investigation into Ethereum dropped: Consensys. Uniswap: simple, secure and lightning-fast swapping with the Uniswap web app.* *Sponsored. U.S. politics Immigration boosts economy, reduces budget deficit: CBO. World Hezbollah leader threatens Israel, Cyprus in new speech. Russia, North Korea sign "unconditional" military agreement. Russia says it awaits U.S. response on prisoner swap. EU approves new sanctions package on LNG shipments, Chinese firms. Netanyahu's video saying Biden withheld weapon leads to canceled meeting. Sudan's continued civil war: a look at. Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below). 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