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In Today’s Edition
Elon Musk's xAI raises $6 billion to fund its race against ChatGPT and all the rest
Apple signs deal with OpenAI for iOS, still wants Google as an 'option'
PayPal's new advertising platform will be built on purchase information
Mt. Gox has transferred at least 42,830 BTC
OpenAI training its next major AI model, forms new safety committee
Nvidia is reportedly preparing a system-on-chip that pairs Arm's Cortex-X5
Scientists Found a Paradox in Evolution — and It May Become the Next Rule of Biology
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🚀Startups Nuts
xAI has announced raising $6 billion in funding to help bring the startup's first products to market, build advanced infrastructure, and accelerate the research and development of future technologies. The funding comes from several sources, including Andreessen Horowitz, Sequoia Capital, and Saudi Arabian Prince Al Waleed bin Talal. Elon Musk plans to launch xAI's new data center by the fall of 2025. Musk has said he would prefer to build products outside of Tesla when it comes to AI and robotics unless he gets more control.
Other News
Solutions by Text, a Dallas startup that helps users pay bills via text, raised $110m
Cloover, a German subscription service for renewable energy, raised €104.8m in seed funding
Frore Systems, a San Jose, Calif., maker of solid-state chips for active device cooling, raised $80m in Series C funding
Natural Cycles, maker of a fertility app, raised $55m in Series C funding
Wayspring, a Nashville provider of value-based care for substance use disorders, raised $45m
Transcend, a Walnut, Calif., data privacy platform, raised $40m in Series B funding
Relay, a provider of SMB cashflow management solutions, raised $32.2m in Series B funding
Firefly, a multi-cloud control plane startup, raised $23m in Series A funding
🏭Business Nuts
Apple and OpenAI have signed a deal to provide chatbot functionality in iOS 18. The deal will be a component of Apple's WWDC event in June. It will allow Apple to continue working on its own chatbot, like how it previously offered Google Maps before launching Apple Maps. Apple is still working on a deal with Google to offer Gemini as an option.
Other News
PayPal's new advertising platform will be built on purchase information and customer spending habits from PayPal and its sister app Venmo.
Egypt is building a $1-billion mega-museum and will occupy 500,000 square meters and showcase more than 50,000 ancient Egyptian artifacts.
Mt. Gox, a defunct bitcoin exchange, has transferred at least 42,830 BTC valued at approximately $2.9 billion to an unknown address, marking its first asset movement in five years.
T-Mobile will acquire most of US Cellular’s business including its stores, customers, and ~30% of its spectrum assets for $4.4B to improve coverage in rural locations.
📱Tech Nuts
OpenAI has announced the formation of a new Safety and Security Committee to oversee risk management for its projects and operations. The company recently began training its next frontier model. The new Safety and Security Committee will be responsible for making recommendations about AI safety to the full company board of directors. It will be responsible for processes and safeguards related to alignment research, protecting children, upholding election integrity, assessing societal impacts, and implementing security measures.
Other News
Precision Neuroscience claims to have set a new record for the number of neuron-tapping electrodes placed on a living human's brain at 4,096. The high density of electrodes allowed neuroscientists to map the activity of neurons at an unprecedented resolution during a surgery to remove a benign brain tumor.
YouTube has rolled out over 75 games playable directly on the platform previously only available to Premium members.
Nvidia is reportedly preparing a system-on-chip that pairs Arm's Cortex-X5 core design with GPUs based on Nvidia's Blackwell architecture.
YouTube is testing tactics like slowing down video load times, skipping videos, muting videos, and pausing videos to push users towards Premium.
Jan Leike, the "superalignment" leader who left OpenAI earlier in May and then fired off a volley of criticism, announced yesterday that he will join OpenAI rival Anthropic.
Google announces new AI features for Chromebook. It will also include a year of Gemini Advanced with the purchase of a Chromebook Plus device.
🎁Miscellaneous
Scientists from the University of Southern California have proposed a new rule for biology called Selectively Advantageous Instability (SAI). SAI explores how instability can actually benefit a cell or organism. Instability allows for greater genetic diversity, which can make organisms more adaptable. A shorter cell component lifespan can actually help promote cell health. Understanding the process could aid in the exploration of the biological processes behind disease and aging.
💡What else are we reading and seeing?
An Anonymous Source Shared Thousands of Leaked Google Search API Documents with Me; Everyone in SEO Should See Them
Doing is normally distributed, learning is log-normal
Your API Shouldn't Redirect HTTP to HTTPS
What are you getting paid in?
What a generative AI iPhone could look like
What Is an AI Anyway? By Mustafa Suleyman, CEO of Microsoft AI
When forming a new habit - consider not starting small?
How to stay curious and committed
😎Fun Fact
29th May 1953, Edmund Hillary of New Zealand and Nepalese Sherpa Tenzing Norgay became the first known explorers to summit Mount Everest
🔥 Few tools many people are finding useful
Emma AI - Build tailored AI assistants effortlessly with GPT-3.5, seamlessly integrating with various platforms for enhanced productivity and data control
Capsule - An AI-powered video editor for content and marketing teams
Chatbit is for integrating AI chatbots into websites
Flowpoint provides data-driven website analysis
ContentPie is for AI-powered content creation
Wordtune helps you find plenty of wording alternatives to improve your text
BeeDone an application that helps to boost your productivity
🐦Joke of the Day
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