It is to the business model. Google hasn't shown me how it will continue making money if it doesn't win in search. GPT has taken a LOT of my friends away from Google's search, which is its real cash cow. I saw this happen in Alta Vista days when Google came along. It took
INVESTMENT
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Google’s data advantage over OpenAI explained
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Yeah, Google has: All my email.
All my photos.
All my contacts.
All my TV data.
All my locations.
Most of my searches. OpenAI doesn't. Good point. But notice that Google knows the value of corporate data. -
China’s Market Barriers Hit US Tech Giants Hard
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"A perceived imbalance?" Ask Google's founder about how fucked China is toward American companies. Or Facebook's. Or Twitter's. Or Flipboard's. Or Amazon's. They all were copied and then China closed the door on them.
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Generative Art Sells for $5.4M at Sotheby’s NYC Auction
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I’m here at @Sothebys in NYC for the largest live auction of digital art. This one by @dmitricherniak — created as part of a generative art series — just sold for $5.4 million. (It was part of the collapsed crypto hedge fund 3AC’s collection and also comes w/ a signed print.)
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Google’s Advertising Model Powers AI-Enabled Product Ecosystem
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How do you think it makes its money? Advertising. I spoke at Google's first advertising conference. You didn't. Advertising works. And now its companies have a vehicle to sell things to us from drones to lights because it has a social network to advertise on. We can not do
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Britain lacks cloud giant GPU infrastructure for AI training
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'Although Oracle has a cluster of the advanced graphics processing units (GPUs) needed to train large models, none of the cloud-computing giants has yet chosen Britain as the base for what techies call the "compute".' https://
economist.com/leaders/2023/0
6/15/how-britain-can-become-an-ai-superpower
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Upstart CFO: Consumer Past Worst, Stock Up 180%
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Upstart CFO says the consumer is past the worst, says Mizuho Mind you, Upstart’s stock is up 180% this year. https://
thetechnologyletter.com/the-posts/upst
art-cfo-says-the-consumer-is-past-the-worst-says-mizuho
… $UPST #recession #economy #lending #personalloans #AI -
LLM Adoption Across Sequoia Portfolio Companies
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Quick one – when you say “Nearly every company in the Sequoia network is building language models into their products.” Do you refer to the entire Sequoia portfolio or the 33 companies you selected to sample, which I assume are those most likely to be in a spot where LLMs are
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UK invests £54 million in secure and trustworthy AI research
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Lot's of foundational work in AI and on AI policy bearing fruit in this series of announcements, https://
gov.uk/government/new
s/54-million-boost-to-develop-secure-and-trustworthy-ai-research
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Zepz $5B Fintech Unicorn Plans M&A Push, New Wallet
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New and exclusive: Zepz, the $5 billion fintech unicorn backed by Accel and TCV, is planning a big push on M&A and looking to roll out a new digital wallet product, hoping to move past the pain of laying off 26% of its workforce.