Investor fears that software companies are facing an AI-driven extinction event are exaggerated, but the persistent belief has damaged their stocks for months
and they're terrifiedMelia Russell /Business Insider:Anthropic's latest AI tool was seen by the legal software industry as a ‘shot across the bow.’ Here's what it means.Reuters:‘So...
US tech stocks slide for a third consecutive day amid a sell-off in the software sector; the Nasdaq closed down 1.6%, MSFT 4.95%, QCOM 8.46%, and PLTR 6.83%
Nasdaq drops as recent high-flying companies pull market lower — US tech stocks fell on Thursday, as weak jobs data piled further pressure …
Investor fears that software companies are facing an AI-driven extinction event are exaggerated, but the persistent belief has damaged their stocks for months
Fears that software companies are facing an extinction event are exaggerated, but other dangers are real
In an experiment, Claude ran a vending machine in the WSJ newsroom and lost $1,000+ after it dropped prices to zero, gave away a free PlayStation, and more
until someone pointed out this would fall afoul of the US Onion Futures Act of 1958. @andonlabs : Turns out journalists are better red-teamers than AI researchers. We've taught the...
Amazon CEO Andy Jassy says the company expects that “in the next few years” AI use “will reduce our total corporate workforce as we get efficiency gains”
Amazon CEO Andy Jassy says the retail and tech giant “will need fewer people doing some of the jobs that are being done today.”
OpenAI backtracks and says its nonprofit will remain in control of its business operations, after a “constructive dialogue” with civic leaders and DE and CA AGs
so it's making a change Aaron McDade / Yahoo Finance : OpenAI Scraps For-Profit Plans New York Times : The Stakes for OpenAI's Plan B The Irish Times : OpenAI ditches plan to conve...
Sources: Microsoft remains the biggest holdout among investors in OpenAI's restructuring, seeking assurance that the changes will protect its $13.75B investment
After months of public pressure, OpenAI walked back part of its effort to create a more conventional for-profit company …
The Trump administration exempts smartphones, laptops, hard drives, processors, memory chips, and machines used to make semiconductors from “reciprocal tariffs”
President Donald Trump's administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs …
How China is testing more driverless cars than any other country, with 16+ cities letting 19+ companies test vehicles on public roads, aided by government help
Assisted driving systems and robot taxis are becoming more popular with government help, as cities designate large areas for testing on public roads. Mastodon: @carnage4life@mas.to...
US v. Google: Google paid Apple $20B in 2022 to be the default search engine in Safari; in 2020, Google's payments constituted 17.5% of Apple's operating income
The deal between the two tech giants is at the heart of the landmark case, in which antitrust enforcers allege Google …
An overview of Bureau of Labor Statistics data, which shows California's percentage of US tech jobs has continued to steadily decline since 2020
and its share of total US tech jobs has hit the lowest level in a decade https://www.apricitas.io/... @josephpolitano : Since August 2022, California has lost 21k jobs in computer ...
How Tesla's Autopilot team moved away from a rules-based approach for the upcoming FSD 12 to a “neural network planner” trained on 10M+ Tesla car video clips
How Tesla's Autopilot team moved away from a rules-based approach for the upcoming FSD 12 to a “neural network planner” trained on 10M+ Tesla car video clips
The following is adapted from Walter Isaacson's biography “Elon Musk,” publishing Sept. 12.
Sensor Tower: from July 8 to July 11 and 12, Threads DAUs fell ~20% and time spent fell 50% to 10 minutes; Similarweb: Android DAUs fell 25%+ from July 7 to 10
Substack unveils Notes, letting users share posts, quotes, images, links, and more, shown in a short form feed that “may look like familiar social media feeds”
Online sports betting companies are cutting big deals with US colleges to promote gambling to students, like Caesars Sportsbook's $8.4M deal with Michigan State
In order to reap millions of dollars in fees, universities are partnering with betting companies to introduce their students and sports fans to online gambling.
An analysis of FTX's nightmare balance sheet and Serum, an FTX-created coin and protocol, marked as the largest “deliverable” asset at ~$5.4B before November 8
Matt Levine / Bloomberg :
a16z invests in Adam Neumann's residential real estate management startup Flow, sources say ~$350M at a $1B+ valuation, the firm's largest-ever individual check
Our nation has a housing crisis. — The demographic trends driving … Ryan Deffenbaugh / Protocol : Can proptech go with Adam Neumann's Flow? Edward Ongweso Jr / VICE : NIMBY Marc ...
a16z invests in Adam Neumann's residential real estate management startup Flow, sources say ~$350M at a $1B+ valuation, the firm's largest-ever individual check
WeWork's founder is back with a billion-dollar venture. — WeWork's founder is going residential
Exploring the concept of mirrortables, where a company's cap table is mirrored on-chain with Ethereum and ENS or other Web3 tools, to streamline angel investing
Here is what angel investing should be: … If you understand all the concepts in this statement, consider working on this problem or joining a team in the space! Tweets: @balajis , ...