🗞️ Meta unveils Orion AR glasses

September 26, 2024   |   Listen Online   |   Read Online Brought to you by: Top stories today: Meta unveils Orion as its first AR glasses OpenAI CTO Mira Murati leaving, along with other 2 top researchers Llama 3.2 open weights LLMs launched by Meta X releases first transparency report since Elon's takeover in 2022 Follow us on X | Instagram | Advertise 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. Meta unveils Orion as its first AR glasses, but they won't be for sale any time soon Exclusive: We tried Meta's AR glasses with Mark Zuckerberg "We're giving Meta employees and select external audiences access to Orion." A 70-degree field of view is offered by the Meta AR glasses. The Orion glasses are paired with a "neural wristband" and a wireless compute puck Meta. Close more deals with Pipedrive* Pipedrive. Pipedrive's easy and effective CRM lets you track your sales pipeline, manage deals, and automate the whole process so you can focus on selling. Draft quick, compelling, and personalized emails from simple prompts in just a click. Summarize threads with Al to save valuable time. Get a 30-day free trial (no credit card required) *Sponsored. Meta also updated the Ray-Ban Meta smart glasses with real-time AI video processing and live translation Special edition Ray-Ban Meta glasses with transparent look and transitional lenses were also unveiled: Meta. Finally, Meta launched Quest 3S at $299.99 with Quest 3 hardware and a higher battery life of 2.5 hours Meta. 2. OpenAI CTO Mira Murati leaving, along with other 2 top researchers X: Mira Murati. Stepping away to "create the time and space for own exploration:" Murati. OpenAI research chief Bob McGrew and research VP Barret Zoph are departing. Mark Chen will now lead the research team at OpenAI. Murati, McGrew, and Zoph decided to leave OpenAI independently of each other, CEO Sam Altman said X: Sam Altman. Altman reportedly could get 7% of the new for-profit OpenAI, a $10B equity grant He current has 0%. OpenAI is also planning to unveil a new version of Sora, its text-to-video model, but it is unclear whether it will be released. 3. Llama 3.2 launched by Meta: 11B, 90B multimodal; 1B, 3B text-only open-weight models Llama 3.2 90B beats GPT4o-mini and Claude 3 Haiku on major benchmarks, according to Meta: Meta. The 90B model is easier to deploy than Llama 3.1 405B, as it can run in a single system with 8 x H100s. Mistral's Pixtral 12B, however, overperforms Llama 3.2 11B on most benchmarks. The smaller 1B and 3B models are on par with Google's Gemma 2 2B and Microsoft's Phi-3.5-mini, also open weights Meta. 128K context length. On-device focus. Optimized for Arm hardware with Qualcomm and MediaTek chips. The new smaller Llama 3.2 models are among the cheapest, on par with Gemini 1.5 Flash and Pixtral Artificial Analysis. Relatedly, Meta launched Llama Guard Vision for text input and output moderation on the multimodal models and an optimized Llama Guard for text-only models Meta. 4. X releases first transparency report since Elon's takeover in 2022 There were 224M user reports in H1, with 36%+ of them for abuse and harassment, followed by ~30% for hateful conduct and ~18% for violent content: X Global Transparency Report H1 2024. X suspended 5M accounts and removed almost 11M posts X Global Transparency Report H1 2024. X's content policies were updated following the acquisition. API also became chargeable under Elon's regime, making it harder to monitor X content for third parties. 5. Market of used smartphones worldwide to hit 257M in 2028, with 5.7% CAGR: IDC IDC. 195M+ used smartphones were shipped globally in 2023, +6.4% from 2022. $72.9B value of these shipments in 2023, +12.4%. +5.5% CAGR is expected for the shipment value of used smartphones by 2028. +2.8% CAGR is forecasted for new smartphones over the 2023–28 period. 6. Global M&A volume +14% to $846.8B in 2024 YTD, but U.S. volume -8% to $338B M&A volumes rebounded globally after touching decade-low in 2023. Increased scrutiny weighed on "megadeals" worth $25B+. +54% dealmaking in Asia-Pacific at $273B and +7% in Europe to $160B. M&As may face a slowdown ahead of U.S. election. 7. Google's shift to Rust language in Android cuts memory safety vulnerabilities by 52% Google. 24% of all Android vulnerabilities in 2024 were memory safety issues, vs. 76% in 2019. Google started shifting to memory safe languages including Rust for Android in 2019 Google. 8. Cloud spending in China +8% to $9.4B in Q2 2024, with Alibaba dominating the market Canalys. Alibaba Cloud has 36% market share, Huawei 19%, and Tencent 16%, summing 71% for the top 3 players. 9. Interesting videos, posts, and memes Why Mark Zuckerberg thinks AR glasses will replace your phone The Vicious Antitrust Case Against Google OpenAI CTO Departure, DOJ AI Compliance, M&A Trends, and more! | E2014 10. Other headlines AI Amazon, Google, Microsoft, OpenAI sign EU's AI pact; Apple, Meta missing. FTC cracks down on 'deceptive AI claims' by DoNotPay, others. Mark Zuckerberg interview on AI regulation, Threads, political content. Meta's Imagine AI features expanding across Facebook, Messenger, Instagram. Blackstone confirms $13B investment in Britain for AI data center. Athyna: hire incredible global talent with up to 70% savings vs. U.S. hires.* monday.com connects and empowers teams to excel in every aspect of work. Get started now!* *Sponsored. Tech Oracle reveals 29% stake in chip design startup Ampere with option to own. SpaceX plans $1.5B Starlink investment in Vietnam. WordPress blocks WP Engine access, potentially putting sites at risk. Micron Q4 FY24 revenue +93% to $7.75B, GAAP net income at $778M. Whatfix, B2B digital adoption platform, raises $125M at ~$900M valuation. 3D-printed hotel: world's first to be built in Texas. Sidebar is a personal board of advisors for the next generation of leaders. Join now! * Mercury now allows you to pay your bills faster and more accurately.* *Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes. Tech & law Google files EU complaint against Microsoft over alleged unfair cloud practices. China targets consensus with EU on EV tariff dispute. Biotech BioAge, weight-loss/longevity drug developer, raises $198M in IPO. Evotec, Novo Nordisk partner over technology development. Pfizer withdraws sickle cell disease treatment on risk of complication, death. Merck's colorectal cancer therapy fails late-stage trial. Guardian Pharmacy raises $112M in IPO. Business China weighs $142B capital injection into banks. U.S. Steel says arbitration board rules in favor of Nippon Steel's $14.9B buyout. Stellantis CEO follows Chinese route to avoid EV tariff. Crypto PayPal enables crypto buying, holding, selling for U.S. merchants. Visa launches tokenized asset platform to help banks issue tokens on ETH. Singapore court grants India's WazirX 4-month conditional moratorium. U.S. politics Harris outlines $100B in tax credits to boost U.S. manufacturing. NY mayor Eric Adams indicted in campaign finance case. Congress passes 12-week funding bill, delaying shutdown deadline to Dec. 20. House speaker Johnson demands Zelensky change U.S. ambassador. Trump unlikely to meet Ukraine's Zelensky: sources. Harris to visit U.S.-Mexico border, discuss security on Fri. JD Vance, Tim Walz to square off in VP debate on Tue. World U.S., allies call for 21-day ceasefire along Israel-Lebanon border after UN talks. Putin issues nuclear warning to the West over strikes on Russia from Ukraine. U.S. prepares $8B in arms aid packages for Zelensky visit: sources. Russia reportedly running secret war drones project in China. Spain to see protests from unions to cut working hours. 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. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. You should do your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Bay Area Times team.  Please read our Terms of Service and our Privacy Policy before using Our Service.   Update your email preferences or unsubscribe here © 2024 Bay Area Times 228 Park Ave S, #29976, New York, New York 10003, United States Terms of Service