Anthropic unveils Claude 3

Plus: Apple fined $2B by EU in Spotify case 

In Today’s Edition 

  • Blue Origin is getting serious about developing a human spacecraft

  • Apple fined $2B by EU in Spotify case 

  • Slow thinkers, how do you compensate for your lack of quick-wittedness?

🚀Startups Nuts

Blue Origin, under new CEO Dave Limp and founder Jeff Bezos, is planning to develop a human spacecraft for space station Orbital Reef, challenging SpaceX's dominance in US crew transportation. The company's history includes preliminary studies for a "next-generation" spacecraft aimed at transporting astronauts to low-Earth orbit, and recent job postings indicate a serious commitment to developing a crewed space vehicle. Despite previous setbacks and competition, Blue Origin is gearing up to become a significant player in human spaceflight, with developments such as the New Glenn rocket launch and potential discussions on crew capsules with India.

Other News

  • Mews, a hospitality-focused property management software provider, raised €101.4 million

  • Baseten, an AI infrastructure company focused on machine learning , raised $40 million

  • MoeGo, developer of a pet grooming software and payments platform, raised $24 million 

  • Topsort, a provider of retail media advertising solutions, raised $20 million

  • Synctera, a developer of embedded banking and finance software, raised $18.6 million

  • Taiko Labs, an Ethereum Layer 2 scaling solutions provider, raised $15 million

  • Phagenesis, a medical device company focused on treating neurogenic dysphagia, raised $42 million

  • Healthee, a provider of AI-powered healthcare benefits navigation, raised $32 million

  • Aktiia, a developer of wrist-worn blood pressure monitoring technology, raised $30 million

🏭Business Nuts 

Apple has been fined €1.84 billion by the European Union for abusing its dominant market position, influenced by a complaint from Spotify regarding the App Store's rules and restrictions. The EU's fine is a response to Apple's practices that limited developers from informing users about alternative, cheaper subscription services outside of the Apple ecosystem. Apple plans to appeal the decision, arguing that the Commission did not find credible evidence of consumer harm or anti-competitive behavior, while Spotify and other companies see the ruling as a necessary step against Apple's restrictive policies.

Other News

  • Bitcoin's price increased by 5% to $66,042.60, nearing its all-time high after a weekend pause, with speculation around new U.S. ETFs driving demand.

  • Ford Motor's U.S. sales soared by 10.5% in February, driven by significant gains in hybrid and electric vehicle (EV) sectors, with EV sales up 81% and hybrids by roughly 32%. Despite a dip in F-Series pickup sales due to quality checks, Ford's focus on electrification and improved vehicle testing has contributed to its overall sales momentum.

  • JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge. The CEOs of JetBlue and Spirit cited regulatory hurdles in ending their merger agreement. Spirit will receive $69 million from the deal termination its CEO said.

📱Tech Nuts

Anthropic introduces Claude 3, a new large language model family that includes three versions. The most capable version, "Opus", is said to be at least on par with OpenAI's GPT-4. The models offer improved analysis and prediction capabilities, nuanced content creation, code generation, and conversation in non-English languages. They can also handle a variety of visual formats, including photos, diagrams, and technical drawings. According to Anthropic, Claude 3 models outperform competitors on common AI benchmarks, can follow complex instructions, and generate structured output in formats such as JSON.

Other News

  • India has introduced an advisory requiring "significant" tech firms to seek government approval before launching new AI models, a departure from its previous laissez-faire stance on AI regulation.

  • Apple has announced next-generation M3 MacBook Airs in 13-inch and 15-inch sizes. Besides the M3 chips, the new laptops feature an upgraded Neural Engine, up to 2x faster Wi-Fi, and the ability to connect to two displays at once - when the laptop lid is closed.

  • Google co-founder Sergey Brin says in rare public appearance that company ‘definitely messed up’ Gemini image launch 

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🎁Miscellaneous

This Hacker News thread contains tips for slow thinkers to overcome and compensate for their lack of quick thinking ability. Many slow thinkers have potential, but they lose their capacity when forced to make quick decisions or generate arguments on the spot. Ways to get around this include taking your time to answer questions and preparing for situations in advance. Finding and acknowledging weaknesses, and then finding specific techniques or processes to overcome them, will significantly improve most outcomes.

💡What else are we reading and seeing?

  • Protein design pioneer David Baker on why sharing code is key to building biotech startups

  • Aggregator’s AI Risk

  • Elon Musk sued by ousted Twitter execs for $128M in severance

  • The U.S. national debt is rising by $1 trillion about every 100 days

  • Millennials stand to become the richest generation in history

  • Neuroscience holds the secret to good decision-making

  • Harvard-trained investor on the power of compound interest

  • 5 keys to setting yourself up for success 

🐦Joke of the Day

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