A UNIFIED BENCHMARK FOR TEXT DETECTION AND RECOGNITION
OpenOCR is a unified training and evaluation benchmark for scene text detection and recognition algorithms.
2024.07.22
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30,788 matchesCONVERTING CODEBASES WITH LLMS
Mantle utilized a Gemini 1.0 Pro LLM with a one million token window to convert a prototype project into a production-ready codebase, reducing the workload by handling boilerplate code and repetitive patterns. This approach, which leveraged extensive context and iterative code generation, saved months of developer time by allowing the team to focus on refining the crucial 20% of the project.
2024.07.22
AI PAID FOR BY ADS
OpenAI's new gpt-4o mini model offers extremely low costs, enabling AI-generated content supported by ads to become financially viable. By generating dynamic blog posts for $0.00051525 each and earning approximately $0.0026 per ad impression, publishers can achieve a net profit of $0.002 per page view. This may cause a potential shift towards AI-generated content in response to user queries.
2024.07.22
A MULTI-HEADED MODEL FOR OBJECT DETECTION
The new CerberusDet framework offers a flexible solution for object detection by combining multiple task heads within a single model based on the YOLO architecture.
2024.07.22
AI CODING INTERN
This extremely simple CLI, which uses Claude Sonnet 3.5, can be used to suggest code edits to improve an existing code base.
2024.07.22
THE WORLD NEEDS MORE MENTORS. AI CAN HELP US BRIDGE THE GAP
People around the world want to learn new skills and master new technologies.
2024.07.22
ACADEMIC AUTHORS 'SHOCKED' AFTER TAYLOR & FRANCIS SELLS ACCESS TO THEIR RESEARCH TO MICROSOFT AI
Taylor & Francis sold access to its authors' research to Microsoft for AI use without informing the authors or offering opt-out options, raising concerns over authors' rights.
2024.07.22
RYAN SELKIS QUITS AS MESSARI CEO FOLLOWING INFLAMMATORY TWEETS
Ryan Selkis has resigned as Messari's CEO after making controversial tweets, which included inflammatory political statements and hostile remarks towards immigrants, that placed his team at risk. He made the decision after receiving intense criticism for his social media conduct. Messari's Chief Revenue Officer Eric Turner will take over the position as interim CEO.
2024.07.22
BINANCE GETS COURT APPROVAL TO INVEST CUSTOMER FUNDS IN US TREASURY BILLS
Cryptocurrency exchange Binance has received court approval to invest US customer funds in US Treasury Bills, marking a significant step in utilizing low-risk government debt securities. This comes after a settlement for criminal charges with the US Justice Department that included a $4.3 billion fine and the resignation of former CEO Changpeng Zhao.
2024.07.22
MOONSHOT LAUNCHES
Moonshot is the first app on the App Store that allows users to buy and sell memes with Apple Pay. It offers a seamless sign-up with email and FaceID with no need for blockchain knowledge or wallet addresses. Users can earn money through trades and referrals. The app is now available in over 130 countries.
2024.07.22
ZELLULAR, AN ALTERNATIVE TO SMART CONTRACTS
Zellular introduces a Consensus Layer and Sequencing Service for developing decentralized applications (zApps) using both high-level and low-level programming languages. Key features include rapid state finalization, unlimited throughput through horizontal scaling, robust interoperability, dynamic security, Byzantine Fault Tolerance, and a decentralized transaction explorer.
2024.07.22
BINANCE HALF-YEAR REPORT 2024 (2 HOUR READ)
The crypto market cap grew 37.3% in H1 2024, with significant gains in L1s, L2s, and DeFi sectors. Notable developments include Bitcoin's increased dominance post-halving, ETF approvals, the Ethereum restaking boom, and a surge in L2 activity driven by airdrop speculation. The second half of 2024's key themes will be Bitcoin ecosystem developments, ownership economy applications, and real-world assets.
2024.07.22
binance.comTLDR Crypto
L2 SECTOR PERFORMANCE IN Q2
There are now 6x more active users of L2s than mainnet, with Arbitrum and Base leading the charge at 550,000 and 350,000 daily active addresses each. Thanks to EIP-4844, ETH fees dropped by $679M, and L2 fees are 13% of Ethereum's, even with 9x more transactions on L2 than L1. Arbitrum has the lowest transaction fees and value to TVL, while Base has the most transactions and smart contracts deployed.
2024.07.22
THE ECONOMICS OF L3S
L3s struggle to break even unless they have 50M+ monthly transactions or fees no more than 3x cheaper than L2s. Their primary use case is as an economic bootstrapping tool for onchain games and unique experiences, though they may be running at a loss for their developers. Applications retain most of the benefits of L3s, but priority fees and native gas tokens could introduce more value to the chain.
2024.07.22
BANANA GUN: KING OF ORDERFLOW
Telegram bots like Banana Gun, which allow for trading tokens in a Telegram chat on Ethereum or Solana, are a misunderstood and valuable business operation. Its 150k users are willing to pay high fees for a simple UX, and the bot is on track to generate nearly $8 billion in volume and $60 million in cash flow this year. Its adjusted market cap is $345 million. It pays 40% of revenue to token holders, using the rest for expenses and growth initiatives.
2024.07.22
SCROLL HALTS CHAIN AFTER RHOMARKET EXPLOIT
The Scroll team temporarily delayed chain finalization while investigating an exploit on the RhoMarket protocol.
2024.07.22
FRACTAL ID'S DATA BREACH
On July 14, a rogue account compromised Fractal ID's system, exfiltrating data from about 0.5% of users.
2024.07.22
XRP PRICE, ACTIVITY RISE AS RIPPLE'S CEO SAYS HE EXPECTS LEGAL RESOLUTION 'VERY SOON'
The XRP token is up 40% in the past few weeks on the expected end of this case.
2024.07.22
SMART ACCOUNTS ON BASE CONTINUE TO GROW
Base has seen a large increase in the number of weekly active smart accounts, rising to nearly 200k in mid-July.
2024.07.22
META'S REDESIGNED QUEST APP PUTS A BIG FOCUS ON HORIZON WORLDS
Meta has updated its Quest mobile app, integrating it more closely with its 3D social platform, Horizon Worlds. Now rebranded as Meta Horizon, the app, which includes a new light mode, allows users to complete quests, customize avatars, explore new worlds, and connect with friends. Meta is expanding Horizon Worlds and VR industry reach by licensing its headset OS to companies like Lenovo and Asus and featuring more experimental App Lab titles.
2024.07.22
THE NEW LAS VEGAS RAIDERS LOGO IS AS SHARP AS A BLADE
The Las Vegas Raiders have crafted a clever 65th-anniversary logo, utilizing its traditional crossed swords motif to form the 'X' in 'LXV'. Commemorative logos are becoming more frequent, with teams frequently releasing new designs for anniversaries beyond just the decades. This new design, though innovative, has sparked mixed reactions among fans.
2024.07.22
HAS ARTIFICIAL INTELLIGENCE CO-OPTED THE SPARKLE EMOJI?
AI companies are increasingly using the sparkles emoji to signify generative AI features. Google, OpenAI, Microsoft, and Adobe all employ variations of this icon in their products. However, some users resist this trend, viewing the emoji as a misleading representation of AI's capabilities. Critics argue it distracts from significant ethical and labor issues within the AI industry.
2024.07.22
HOW DOES FIGMA AI AFFECT YOUR COPYRIGHT AND NDAS? I ASKED A LAWYER
Navigating the legal implications of Figma AI, particularly regarding NDAs and copyright, is complex. Allowing AI training on client files might breach NDAs as it often involves sharing data with third parties. Copyright issues arise if Figma trains AI on others' copyrighted work in your files. Review contracts for AI clauses, opt out of training, or disclose AI usage in agreements to mitigate risks.
2024.07.22
KEY ASPECTS AND COMMON MISTAKES OF PRICING DESIGN WORK
Pricing design work involves balancing skills, market understanding, and client communication. In this article, experts share insights on hourly vs. project-based rates, considering project complexity, client size, and personal interest. Mistakes include underpricing, not adjusting rates, and working for free. Successful pricing requires transparency, avoiding free work, and regularly reviewing and adjusting rates to reflect experience and market conditions.
2024.07.22
SHOULD NIELSEN'S HEURISTICS BE APPLIED IN UX/UI DESIGN IN 2024?
Nielsen's heuristics remain crucial in UX/UI design in 2024 because they establish fundamental principles for creating intuitive and user-friendly interfaces. Key concepts like ensuring system status visibility, aligning the system with real-world expectations, and providing user control and freedom are essential for effective design as they help to minimize user errors and enhance overall usability.
2024.07.22
CSS-ONLY LOADERS
A collection of more than 600 customizable, pure CSS spinners and loaders.
2024.07.22
OPEN DESIGN DOCS
An experienced VP of Design shares documents he has used during his career at Microsoft, Airbnb, and Cameo, including leadership blueprints, rapport-building strategies, role definitions, and project management templates.
2024.07.22
DIETER DOTS (FIGMA PLUGIN)
This Figma plugin generates circular dot patterns inspired by Dieter Rams. Customize ring size, dot size, and scale to create unique visual artifacts for your designs.
2024.07.22
links.tldrnewsletter.comTLDR Design
MINIMAL PHONE OFFERS A MASTERCLASS IN MINIMALIST RESTRAINT
The "Minimal Phone" is a new mobile device designed for simplicity and long battery life. Available for pre-order at $399 in three colors, it features a 4.3" E-ink display, a tactile keyboard, a pared-down version of Android, a 16 MP rear camera, and a 5 MP front camera. The phone aims to promote mindful technology use and reduce digital clutter.
2024.07.22
“UX” IS A HORRIBLE NAME THAT DOESN'T EXPLAIN WHAT WE REALLY DO, HERE IS A BETTER OPTION
The term "UX" is vague and pretentious. It obscures the reality that UX designers primarily create web and app interfaces. The field should use more straightforward titles like "interface design" or "user interface design," as true experience design is subjective and influenced by many external factors beyond the designer's control.
2024.07.22
MACRO VS. MICRO CONVERSIONS
Macro conversions are primary user actions that directly contribute to business goals, while micro conversions are smaller steps leading up to these goals. Tracking micro conversions allows for granular analysis of user behavior and can help identify opportunities to improve the user experience and increase overall conversion rates.
2024.07.22
KEEP IT CONFIDENTIAL: HOW TO SHOWCASE YOUR NDA-PROTECTED DESIGN WORK
Balancing confidentiality with portfolio needs, this article offers strategies for showcasing NDA-protected design work, ensuring designers can highlight their expertise without breaking the rules.
2024.07.22
THE AMAZON LOGO: A HISTORY – HOW THE RETAIL GIANT GOT ITS SMILE
Amazon's iconic logo smile, added in 2000, symbolizes customer satisfaction and product range and reflects Amazon's ambitious growth.
2024.07.22
THE PARADOX OF BUILDERS & USERS
Product teams must exercise restraint to avoid creating harmful products and should prioritize familiarity and consistency in the interface.
2024.07.22
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2024.07.22
WHAT HAPPENS WHEN SAAS COMPANIES STAY PRIVATE FOR LONGER
Despite the recent IPOs of Klaviyo, Rubrik, and the anticipated debut of OneStream, the SaaS industry is experiencing a trend of companies staying private for longer periods, with the median age at IPO now around 11 years. This shift has significant implications for various stakeholders, including employees, venture capitalists, and public market investors, as it affects liquidity, investment strategies, and potential value creation post-IPO.
2024.07.22
CULTIVATING CULTS
Every company, movement, and individual represents a story that can attract devoted followers and form a "cult" around it. Building an effective cult requires having the courage to stand out, articulating a compelling "why", attracting dedicated early followers, and fostering a sense of belonging and shared purpose. While the word "cult" often has negative connotations, understanding the elements that allow some groups to generate cult-like passion and loyalty can provide valuable insights into effective storytelling, leadership, and community building.
2024.07.22
WHAT KAMALA HARRIS HAS SAID ABOUT AI, TECH REGULATION, AND MORE
Vice President Kamala Harris may become the Democratic nominee for the 2024 presidential election following President Joe Biden's decision to drop out of the race. Harris, who has roots in the Bay Area and a long relationship with the tech industry, has expressed support for regulating AI and addressing concerns around TikTok's ownership. Some venture capitalists worry about potential overregulation under her administration.
2024.07.22
HOW TO GROW YOUR COMPANY LINKEDIN FOLLOWERS
Wiz, a cybersecurity company, grew its LinkedIn following from 30,000 to 200,000 in just a few months by implementing a simple but effective content strategy. The key elements of its approach included creating highly engaging posts focused on a single core message, using eye-catching visuals, running easy-to-enter contests and giveaways, actively engaging with followers, and leveraging employee advocacy to amplify reach.
2024.07.22
THE FIRST 90 DAYS: A GUIDE TO EVALUATING YOUR NEW VP OF SALES
In the first 90 days, a new VP of Sales should focus on identifying quick wins, conducting a comprehensive data analysis, and developing a detailed strategic plan. They should also prioritize team development, establish strong client relationships, and have a meaningful impact on revenue targets while ensuring alignment with long-term business goals. Evaluating their performance goes beyond just hitting sales numbers - it includes assessing their leadership, operational efficiency, customer engagement, and cultural fit within the organization.
2024.07.22
MASTERING DATA ROOMS
Data rooms are essential tools for startups as they provide a secure, centralized platform for managing and sharing sensitive documents with potential investors. They streamline the due diligence process, enhance transparency and trust, and improve efficiency and security in document management. By organizing and maintaining a well-structured data room, startups can present themselves as professional and trustworthy, significantly improving their chances of securing funding.
2024.07.22
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2024.07.22
STATE OF FINTECH Q2'24
Q2'24 saw a 19% rise in fintech funding to $8.9B, driven chiefly by two major deals for AlphaSense and Stripe, masking an otherwise sluggish quarter. A link to the full 160+ page report is available.
2024.07.22
SPC FOUNDER FELLOWSHIP FALL 2024
Apply by August 9th for $1M and bespoke support for founders in the -1 to 0 phase.
2024.07.22
TELESCOPE
Find the right people in seconds.
2024.07.22
WHY IS MANAGEMENT SO MALE?
A study of a large European manufacturer reveals that junior men are more likely to apply for promotions than women, primarily due to a greater desire for team leadership. This "broken rung" in early career progression could explain persistent male dominance in upper management, even in the absence of overt discrimination. The study highlights the need for organizations to address gender differences in leadership aspirations and perceptions to create more balanced leadership pipelines.
2024.07.22
CODIFYING LIQUID DEATH'S DISRUPTION
Liquid Death triumphed in a saturated market by exploiting the 'mere exposure effect' and crafting a polarizing brand that customers identify with, eschewing the norm for disruptive, entertaining marketing. CEO Mike Cessario's formula for success—novelty, irreverence, sustainability, and a knack for engaging content—catapulted the brand to a $1.4 billion valuation, showing how risk-taking and authentic branding can outmaneuver a hefty advertising budget.
2024.07.22
5 UNEXPECTED LESSONS FROM PIXAR AND DISNEY
Co-founder of Pixar Animation Ed Catmull's book, "Creativity Inc.", reveals striking parallels between Pixar's filmmaking and traditional software development. The book argues for embracing iterative changes, avoiding perfectionism on non-essential details, conducting immersive user research, and resisting the urge to constantly produce. These insights offer a fresh perspective on creating innovative, user-centric products in tech, emphasizing quality and meaningful output over rigid processes and constant feature development.
2024.07.22
WHY ARE VCS SO ADAMANT ABOUT WARM INTROS?
Warm introductions to investors are often a waste of time unless they are "double qualified" - meaning the person making the intro provides a strong, specific endorsement of the founder and startup.
2024.07.22
WHY FOUNDERS SHOULD HIRE A CHIEF OF STAFF
Hiring a Chief of Staff can be a game-changer for founders as they handle high-leverage, cross-functional projects and act as a force multiplier.
2024.07.22