Monday Byte [8]

Monday Byte: 8 Bits of information to kick start your week

AI Generated: Robots at the Stock Market

Hi there! 👋

On this edition:

1. OpenAI fires Sam Altman and the investors of the company don’t seem happy about it ❌🤖

   1. OpenAI’s board is no match for investors’ wrath (Tech Crunch)

      1. Names like Satya Nadella (CEO of Microsoft) and Vinod Khosla (Khosla Ventures founder) have pledged their support towards Altman, and even considered taking legal actions against OpenAI’ board. 👩🏻‍⚖️💸

2. Facebook says farewell to its Responsible AI division 😰

   1. Facebook-parent Meta breaks up its Responsible AI team (CNBC)

      1. Despite the US Government recently pointing out to the need for better regulations towards AI, Meta teared apart this team reassigning its members to other teams and projects in the company. 🫥

3. Microsoft reveals new products in its yearly It event 🤩

   1. Microsoft Ignite 2023: Copilot AI expansions, custom chips and all the other announcements (Tech Crunch)

      1. Custom AI chips to get rid of the dependency on GPUs, Copilot as competitor for ChatGPT, and Windows AI Studio with direct access to Llama 2 and Stable Diffusion XL are just some of the announcements made by Microsoft on this event. 🤖💻

4. Confirmed that AI is now much better predicting the weather than Europe’s best forecast center 🌦️

   1. Google DeepMind’s AI Weather Forecaster Handily Beats a Global Standard (Wired)

      1. The European Centre for Medium-Range Weather Forecasting (ECMWF)saw its predictions being trumped 90% of the time by DeepMind. What makes this even more interesting is not that this news made it to the Science magazine, but that “the DeepMind model could be run on a laptop and spit out a forecast in under a minute, while the conventional models require a giant supercomputer.“ 🤯⚡️

5. Airbnb keeps moving forward on AI by acquiring a secretive startup 🏡

   1. Airbnb has acquired GamePlanner.AI (Airbnb News)

      1. The startup GamePlanner only has 12 employees, but Airbnb reportedly paid US$ 200 million to add their services under its umbrella. Even though it’s not really clear what does GamePlanner do, this startup was co-founded by Adam Cheyer (Siri, later aquired by Apple) and Siamak Hodjat (Bixby, Samsung’s AI asistant). 💰

6. The IMF keeps on pushing towards Digital Currencies instead of Cash 🪙💸

   1. The Digital Finance Voyage: A Case for Public Sector Involvement (IMF)

      1. With the idea of improving inclusion, and leveraging on the speed of adoption for AI technologies like ChatGPT, Kristalina Georgieva, Managing Director of the International Monetary Fund, took the stage in the Singapore Fintech festival to push policymakers towards the adoption of Cross Border Digital Currencies (CBDCs). 🌎

7. United States vs Google in an antitrust trial 🇺🇸👩🏻‍⚖️

   1. A secret about the riches Apple extracts from Google spills into the open (Yahoo Finance)

      1. Reportedly, Google has been paying Apple 36% of the earnings received via search advertisement via its web browser Safari. Analysts say that this number may add to US$ 20 billion per year, and be one of the reasons why companies like Microsoft can’t integrate their products within Apple’s environment. 📲

8. A practical use case where latency matters 💰⚡️📊

   1. Nasdaq Completes Migration of the Third U.S. Market to AWS (Nasdaq)

      1. Migrating Nasdaq GEMX, one of Nasdaq's six options exchanges to AWS outposts reduces up to a 10% the latency. This is specially important for processing ~12 billion messages daily. The other markets already migrated to the cloud are Nasdaq MRX (2022) and Nasdaq Bond Exchange (NBE) (earlier this year) 🇺🇸📊

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