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Top stories today: - Sora v2 alleged video leaks, announcement expected this week
- Llama 3.3 70B outperforms 3.1 405B, now top open model
- ElevenLabs answers Google's NotebookLM with GenFM tool
- Trump says no plan to remove Powell, aims to end birthright citizenship
- Silicon Valley's election spends $394M+, with $243M from Elon Musk
- OpenAI said to ditch "AGI" clause with Microsoft to unlock investments
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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 of the few hallucinations): |
| Bay Area Times Daily - Dec. 9, 2024 ► Play Online |
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1. Sora v2 alleged video leaks, announcement expected this week |
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3. Llama 3.3 70B outperforms 3.1 405B, now top open model |
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As cheap as $0.23/1M blended (3:1 input:output) tokens on Deepinfra, vs. $4.38 for OpenAI's GPT-4o. Median of 149 tokens/ sec. output, vs. 72 tokens/ sec. on Llama 3.1 70B and 28 tokens/ sec. on Llama 3.1 405B.
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4. Trump says no plan to remove Powell, aims to end birthright citizenship, pardon Jan. 6 defendants |
 | Meet the Press full broadcast — Dec. 8 |
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"I have the right to put in comments as to whether or not interest rates should go up or down," Trump said in NBC's interview. "I'm going to be acting very quickly," Trump said on granting pardons to Jan. 6 defendants.
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5. ElevenLabs answers Google's NotebookLM with GenFM tool to generate AI-hosted podcasts |
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Paid only, unlike Google's NotebookLM. Works with PDFs, text (epub, txt, and html), and URLs. Allows editing of the transcripts and voices. 32-language support. Accessible through the ElevenReader app on iOS and Android and the web.
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| | Gain clarity and control to help connect your work to your business goals. Collaborate easily, communicate clearly, and bridge silos across your organization. Collaborate easily, communicate clearly, and bridge silos across your organization.
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7. Silicon Valley spends $394M+ on U.S. elections, with $243M from Elon Musk |
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$273.2M received by Trump from tech leaders including Musk, Marc Andreessen, and Jan Koum. $120.9M received by Harris, including $51.1M from Facebook co-founder Dustin Moskovitz.
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Excluding Musk and Moskowitz, 24 tech donors' combined donations summed $88M |
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Trump led large donations from tech donors from Jul. onward |
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8. OpenAI said to ditch "AGI" clause with Microsoft to unlock further investments |
 | Representational image generated using OpenAI's DALL-E. |
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New terms are said to be in discussion between OpenAI and investors, including Microsoft. AGI access by Microsoft would be void if created under current terms. Misuse of AGI for commercial purposes was the clause's aim. The provision could disincentivize Microsoft from further investment.
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9. Apple, Sony said to bring PlayStation VR2 controller support to Vision Pro |
 | Apple, Sony: Vision Pro (top) and PSVR2 Sense controllers (bottom) |
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10. Big Tech profit growth projected to slow to 18% in 2025, down from 34% estimated for 2024 |
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Nevertheless, big tech valuations are on the rise |
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Mag7 traded at 41 times projected earnings, the highest valuation multiple since early 2022. NVIDIA's growth has helped boost the Mag7 segment.
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11. Crypto lending 3x'd YoY in first 9 months of 2024 to $36.8B, still short of 2021 |
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12. OpenAI introduces reinforcement fine-tuning to researchers, universities, enterprises |
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13. Global semiconductor revenue +17% YoY to $158.2B in Q3, largely fueled by AI demand |
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Samsung led the market with a 12.9% share in global revenues. NVIDIA's Q3 revenues +93% YoY. Automotive rebound delayed due to weak demand in Europe and slowing shift to EVs.
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14. Interesting videos, posts, and memes |
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 | New SEC Chair, Bitcoin, xAI Supercomputer, UnitedHealth CEO murder, with Gavin Baker & Joe Lonsdale |
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 | Ghost Engineers, Measuring Productivity, & Memecoin Scams | E2056 |
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15. Other headlines |
AI |
U.S. approves AI chip exports to UAE via Microsoft's G42 deal: sources. Elon Musk's X adds, then removes, new Aurora image generator.
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Tech |
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Tech & law |
TikTok faces U.S. ban after appeals court refuses to block law. X's Yaccarino praises bipartisan online child safety bill, urges house backing.
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Biotech |
Full-body MRI study emphasizes link between diabetes, cognitive decline. Charles River expands biotech incubator to discovery stage.
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Crypto |
Amazon shareholders propose company adds BTC to treasury. FDIC told banks to avoid crypto activities, letter reveals.
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Business |
China plans looser monetary policy, fiscal expansion in 2025. UnitedHealth CEO's killer seen in cab used for escape in new NYPD photos.
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U.S. politics |
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World |
75 ISIS targets in Syria struck by U.S. military after Assad's government falls. Israel strikes Syrian chemical sites, occupies more of Golan region.
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