🗞️ ChatGPT beaten

July 24, 2024   |   Read Online Brought to you by: Top stories today: Llama 3.1 405B launches: at GPT-4o quality, open weights Foldable iPhone with 'clamshell' design rumored for 2026 Alphabet's revenue +14% to $84.7B in Q2 Tesla stock -8% as profits -45% to $1.5B Ethereum ETFs see $1B in trades, net inflows of $107M Harris odds climbs from 32% to 36% after positive polling, 1st rally 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. Llama 3.1 405B launches: at GPT-4o quality, open weights Meta. 128K context window. Trained on 15T tokens. 16K NVIDIA H100 GPUs used for training. Llama 3.1 405B can be accessed for as low as $3 per 1M output tokens (on Fireworks), 5x cheaper than GPT-4o and Claude 3.5 Sonnet X: Artificial Analysis. 2 DGX 8xH100 systems are currently required to run Llama 3.1 405B, but prices should continue to go down over time. Our view: Llama 3.1 threatens the viability of startups such as OpenAI, Anthropic, xAI, Mistral They will likely need to develop new architectures, as we are seeing a plateau in the quality of Transformers models. 2. Finally, peers as smart as you are.* Sidebar. Getting promoted is hard. Being a leader is hard. And every day, there are a ton of things you'd love advice on, but there is no one to ask. Blogs are okay. Podcasts are long. How the f*** are you going to level up without people to learn from? Enter Sidebar. A staggering 93% of members say Sidebar has been a game-changer in their professional path. Using their matching engine and a unique vetting process, Sidebar finds your people. Sidebar's small groups are led by world-class facilitators, so you're never wasting time. Get the advice you need and get back to crushing your goals. Learn more at sidebar.com, and see why over 35K top leaders from companies like Amazon and Microsoft have taken the first step towards career growth. Get Started *Sponsored. 3. Foldable iPhone with 'clamshell' design rumored for 2026 YouTube: foldable iPhone mockup from Tech Aesthetics. Samsung Galaxy Z Flip-like design. In development with suppliers. ETA: 2025 for the thinner model, 2026 for the foldable one. 4. Alphabet's revenue +14% to $84.7B in Q2, as operating margin expands to 32% Alphabet earnings release. 108% of operating profits came from Google Services, as usual. Revenue growth was widespread across areas, even with a 1% reduction in headcount Alphabet earnings release. Waymo to get another $5B of investments. 5. Tesla stock -8% as profits -45% to $1.5B, automotive revenue -7% to $19.9B Tesla earnings release. Oct. 10: new date for the robotaxi unveil, after the original Aug. date was canceled earlier in the month. Price war with Chinese competitors was partly blamed for the slowdown. Mexico plant paused at least until the presidential elections, as Trump vowed to tariff Mexican imports. Full-Self Driving approval expected at year-end in China, according to Elon. Elon polled his followers on whether Tesla should invest $5B into xAI X: Elon Musk. 6. Ethereum ETFs see $1B in trades, net inflows of $107M on 1st day of trading Many ETFs are waiving fees to attract investors: Bloomberg. 7. Harris odds climbs from 32% to 36% after positive polling, 1st rally Polymarket. Harris +2, Trump +1 in first two post-Biden polling. $250M raised by Harris, Democrats. Trump open to "more than one debate" with Harris. Trump lawyers file complaint over Harris getting $96M of Biden's fundraise. 8. Global startup funding hits $80B in North America in H1, as Asia shrinks, Europe grows Crunchbase. 9. Singapore, Japan, EU passports lead in visa-free access The Henley Passport Index, 2024 Global Ranking. Afghanistan is the world's weakest passport, at 26. 10. Interesting videos, posts, and memes Inside Mark Zuckerberg's AI Era | The Circuit Wiz passes on Google, Meta pushes open-source AI ahead, Spotify's earnings, and more! | E1984 11. Other headlines AI Harvey, legal AI assistant, raises $100M at $1.5B. OpenAI reassigns top AI safety exec to AI reasoning role. GM Cruise restart operations after hitting pedestrian in SF last year. Athyna: hire incredible global talent with up to 80% savings vs. U.S. hires.* *Sponsored. Tech Wiz, Google deal failed partially due to CrowdStrike's failings. Peacock hits 33M subscribers, $1B in revenue, still -$348M in net result. Revolut's employees to sell $500M in shares at $45B valuation. Clio, legal tech, raises $900M at $3B, running at $200M ARR. Mytra, humanoid robotics startup, launches with $78M. Open Source CEO: learn how to be a leader and outperform the competition, with this free newsletter.* Sidebar is a personal board of advisors for the next generation of leaders.* *Sponsored. Tech & law Kids Online Safety Act to be voted on this week by Senate. Delta, Crowdstrike meltdown probed by Department of Transportation. Meta warns EU that AI regulation risks access to new services. Biotech Rapamycin pill linked to delay in ovarian aging. Lario, Parkinson's startup, gets $6M grant from Fox Foundation. Business OneStream prices IPO above range, selling 24.5M shares at $20M ($490M). U.S. home prices +4.1% YoY to record $426.9K. China's slowdown affecting profits of European companies. Crypto dYdX exchange compromised, up for sale. Coinbase asks court to compel SEC to hand over documents. Mt. Gox returning BTC to customers via Kraken, others. tea Protocol: click to subscribe to tea's newsletter and learn more about how to get rewards for your open-source contributions.* *Sponsored. U.S. politics Secret Service Director Cheatle resigns after bipartisan pressure. Pennsylvania police commissioner testifies about Trump shooting. Trump disavows Jamie Dimon, Larry Fink as potential cabinet members. World Starlink now operating in Gaza hospital. Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below). Share Bay Area Times Share our newsletter with your friends and get free Bay Area Times rewards! You currently have 0 referrals, only 1 away from receiving our Generative AI Unicorns Database. Click to Share Or copy and paste this link to others: https://www.bayareatimes.com/subscribe?ref=UbEAXR818y What did you think of today's newsletter? ⭐️⭐️⭐️⭐️⭐️ Amazing! ⭐️⭐️⭐️ OK ⭐️ Bad Advertise on the Bay Area Times Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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