The Daily Index — Thursday, June 13, 2024 · TLDR Index

Across today’s newsletters

Today’s Index

TLDR

APPLE TO ‘PAY' OPENAI FOR CHATGPT THROUGH DISTRIBUTION, NOT CASH

Apple and OpenAI's partnership isn't expected to generate meaningful revenue for either party, at least at the beginning. Apple believes that pushing OpenAI's brand and technology to its devices is of equal or greater value than monetary payments so it isn't paying OpenAI as part of the deal. The deal isn't exclusive - Apple is already discussing offering other chatbots as additional options. Apple eventually plans to make money from AI by striking revenue-sharing agreements with AI partners.

bloomberg.com · 5 min

TLDR AI

STABLE DIFFUSION 3 OPEN WEIGHTS

Stability AI has released SD 3 weights for non-commercial use, with commercial use available on request.

stability.ai · 4 min

TLDR Web Dev

HOW META TRAINS LARGE LANGUAGE MODELS AT SCALE

Meta is facing challenges in training large language models due to the amount of computational power required. This has led to the company rethinking its infrastructure in terms of hardware reliability, failure recovery, efficient training state preservation, and optimal GPU connectivity. Meta is innovating across the infrastructure stack by developing new training software and scheduling algorithms, modifying hardware like the Grand Teton platform, optimizing data center deployments, and exploring new fabrics for network infra.

engineering.fb.com · 7 min

TLDR Crypto

TERRAFORM AGREES TO PAY $4.47 BILLION IN PROPOSED JUDGMENT WITH THE SEC

Terraform Labs, the company behind the infamous Terra blockchain and UST stablecoin, has agreed to pay the SEC nearly $4.5 billion in fines. In a court filing, the SEC said this money would go towards a “meaningful and speedy recovery for investor victims” who lost billions of dollars when the algorithmic stablecoin collapsed in 2022. Terraform and founder Do Kwon were found liable for civil fraud, violating securities laws, and offering unregistered securities.

theblock.co · 2 min

TLDR Design

UPDATED DESIGN FOR MEETING CONTROLS IN GOOGLE MEET

The Google Workspace team updated the design of meeting controls in Google Meet with refreshed colors and dynamic shapes for in-call controls and picture-in-picture. While there are visual changes, there are no functional changes. The update will roll out gradually to the web. More updates are expected over the next year.

workspaceupdates.googleblog.com · 1 min

TLDR

META TO REDUCE VP POSITIONS FROM 300 TO 250

Meta is reportedly looking to cut down on its number of vice-president positions from 300 to about 250. The company's job cuts were guided by principles focused on making Meta an even stronger technology company. These principles included removing multiple layers of management, canceling projects, making every organization leaner, building an optimal ratio of engineers to other roles, and investing in AI and other tools. Meta's capital expenditures on AI and Reality Labs will range between $35 billion and $40 billion by the end of 2024.

pymnts.com · 2 min

TLDR

TESLA CLAIMS IT HAS 2 OPTIMUS HUMANOID ROBOTS WORKING AUTONOMOUSLY IN FACTORY

A recent tweet from Tesla's official account listed a rundown of the company's accomplishments under Elon Musk's leadership since 2018, when the $55 billion pay package was approved by shareholders. The last item on the list claims that the company has two Optimus robots performing tasks in a factory autonomously. Musk recently said that the Optimus robot might go on sale as soon as next year. It is expected to cost 'less than half of a car'.

electrek.co · 3 min

TLDR

GIANT CHIPS GIVE SUPERCOMPUTERS A RUN FOR THEIR MONEY

Cerebras, a California-based company, has demonstrated that its second-generation wafer-scale engine is significantly faster than the world's faster supercomputer in molecular dynamics calculations. It can also perform sparse large language model inference at one-third of the energy cost of a full model without losing any accuracy. Both achievements are possible due to the interconnects and fast memory access enabled by Cerebras' hardware. Cerebras is looking to extend the applications of its wafer-scale engine to a larger class of problems, including molecular dynamics simulations of biological processes and simulations of airflow around vehicles.

spectrum.ieee.org · 4 min

TLDR

SILICON VALLEY'S BEST KEPT SECRET: FOUNDER LIQUIDITY

Founder liquidity is the practice where founders sell a portion of their shares during a funding round. It allows founders to reduce risk and secure personal financial stability while continuing to build the company with a fresh influx of venture capital. The practice is often kept secret because it undermines the narrative of the founder who is 'all-in'. It might change how startups are perceived and valued if it were widely known that founders could de-risk their financial position while their employees remained all-in.

stefantheard.com · 7 min