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Top stories today: - OpenAI reportedly plans to release next AI model "Orion" by Dec.
- Meta launches "quantized" versions of Llama 3.2 for low-powered devices
- Apple confirms new Macs will be announced next week
- Google Photos now informs users when a photo has been edited using AI
- Elon's wealth +$33.5B to $270.3B after Tesla's +22% move
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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). |
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 | All times are ET. |
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Listen to our AI-generated podcast summarizing today's newsletter (beware the few hallucinations): |
| Bay Area Times Daily - Oct. 25, 2024 ► Play Online |
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1. OpenAI reportedly plans to release next AI model "Orion" by Dec. |
Even ChatGPT interprets a Sep. 14 tweet from CEO Sam Altman as a hint to "Orion": |
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Likely won't be initially released through ChatGPT, but rather by OpenAI granting first access to some companies it works closely with. As early as Nov.: when Microsoft could deploy Orion on Azure. GPT-5 may not be its official name. Previously teased as up to 100x more powerful than GPT-4.
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3. Meta launches "quantized" versions of Llama 3.2 for low-powered devices |
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The quantized Llama 3.2 1B improves inference speed over the existing Llama 3.2. Meta has also introduced a 3B parameter quantized Llama 3.2. Both use Quantization-Aware Training with LoRA adaptors and SpinQuant techniques. 2-4x faster, with 56% size reduction, and 41% lower memory usage than the original Llama 3.2 model. Qualcomm and MediaTek chips are supported by the new models.
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4. Apple confirms new Macs will be announced next week |
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6. Google Photos now informs users when a photo has been edited using AI |
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7. Elon's wealth +$33.5B to $270.3B after Tesla's +22% move |
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Still below his $335B net worth in November 2021, when Tesla's market cap reached $1.2T. Bezos is #2 with $209B, Zuckerberg #3 with $201B.
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8. Megadeals grow even while venture funding slows |
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237 rounds of $100M or more have been closed in 2024 YTD, vs. 210 in 2023. 2021's peak of 824 megadeals is still far off.
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Biotech/healthcare have led the megadeals this year, with 87 deals closed so far |
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AI, cybersecurity, and energy/renewables follow biotech/ healthcare. OpenAI's $6.6B was the biggest round, followed by xAI's $6B.
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10. X's rival Bluesky crosses 13M+ users worldwide |
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12M+ users were added in the past year. X has 600M monthly active users, and likely B's of registered ones. X's ban in Brazil helped Bluesky add 2M+ users. $15M has been raised by Bluesky in a Series A round led by Blockchain Capital.
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11. Interesting videos, posts, and memes |
 | The Man Who Predicted AGI Decades Ago w/ Ray Kurzweil | EP #125 |
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 | Inside the $2B Upgraded GM Tech Campus, Where Cars Are First Sculpted | WSJ Open Office |
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 | DoorDash ft. Tony Xu – The "Wrong" Moves That Built a Giant |
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 | Joe Rogan Experience #2217 - Brian Cox |
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12. Other headlines |
AI |
OpenAI to launch Orion as next AI frontier model by Dec.: sources. Anthropic's Claude now run write, run JavaScript code. Cerebras says its inference now runs Llama 3.1-70B at 2.1K tokens/second.
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Tech |
WeRide, Chinese self-driving firm, raises $120M at $4.2B valuation in U.S. IPO. TSMC's early production yields in U.S. surpass those in Taiwan. General Catalyst raises $8B in VC funds. Microsoft CEO Nadella's compensation +63% YoY to $79M. Call of Duty latest installment launches today, testing Microsoft's bet on Activision. Notion launches email client.
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Tech & law |
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Biotech |
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Business |
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Crypto |
Microsoft to vote on investing in bitcoin in shareholder meeting in Dec. GOAT AI-linked memecoin reaches $800M market cap. Kraken may add investor Arjun Sethi as co-CEO.
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U.S. politics |
Elon accused of talking to Putin several times on geopolitics, business. Elon's super PAC doesn't announce $1M daily winner after DOJ warning.
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World |
Iran signals it could strike back if Iran targets nuclear, oil sites. Russia provided Houthis satellite data to attack vessels in Red Sea. Europe seeks to enforce Russian sanctions as U.S. election nears.
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