Well, another day, another OpenAI deal, but this is their big move to get in bed with AWS. More monitoring of the moment prediction markets are having. Is Big Tech’s dominance of the stock market getting even more extreme? And more speculation about AI and podcasting.
OpenAI signs $38 billion compute deal with Amazon, partnering with cloud leader for first time (CNBC)
How sports gambling took over prediction markets in the US (FT)
Alphabet, Amazon Stakes in Anthropic Boost Profit by Billions (Bloomberg)
Big Tech’s market dominance is becoming ever more extreme (FT)
For Podcasters, a Voice Clone Is a Double-Edged Sword (NYTimes)
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22:37
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22:37
(BNS) Cohesity CEO Sanjay Poonen
Sanjay Poonen, CEO of Cohesity, discusses the strategic acquisition of Veritas' data protection business, emphasizing the benefits for customers and the company's growth trajectory. He highlights the importance of rapid recovery in cybersecurity, the integration of AI for enhanced data insights, and the company's aspirations for an IPO, positioning Cohesity as a leader in the data protection market.
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24:56
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24:56
Amazon Didn’t Scare Investors
Amazon didn’t scare investors this Halloween. They’re quite pleased, actually. They’re not public but we now know how much money OpenAI lost this quarter. Nvidia’s generous investment strategy. And, of course, the Weekend Longreads Suggestions.
Amazon cloud records 20% sales growth, topping estimates (CNBC)
Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter (The Register)
Sora now lets you pay extra to make more AI videos (The Verge)
Nvidia to Invest Up to $1 Billion in AI Startup Poolside (Bloomberg)
Nvidia Is Accelerating Its Investing Spree in AI Startups (Bloomberg)
Weekend Longreads Suggestions:
Nike says its first ‘powered footwear’ is like an e-bike for your feet (The Verge)
Some People Can’t See Mental Images. The Consequences Are Profound (The New Yorker)
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23:27
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23:27
Wall Street: Spend! (But Not Too Much…)
Three big tech earnings reports give a mixed message. Wall Street wants you to spend on the AI buildout, but not too much, and maybe not you, Meta. Sora already has some new features. More details on OpenAI’s IPO timeline. And maybe the AI agents are not yet ready for prime time.
Big Tech tests investors’ patience with $80bn AI investment spree (FT)
OpenAI adds reusable ‘characters’ and video stitching to Sora (The Verge)
AI Coding Leader Cursor Says New Agent Fields Tougher Tasks (Bloomberg)
Exclusive: OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation (Reuters)
AI Agents Are Terrible Freelance Workers (Wired)
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21:24
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21:24
Nvidia $5T
Nvidia announced a whole bunch of things yesterday and that sent their market cap above $5 trillion for the first time. Grammarly rebrands as Superhuman. Character.ai moves to banning kids outright. And is the first home robot actually here, or is this vaporware?
Uber Eyes Fleet of 100,000 Nvidia-Based Robotaxis Beginning 2027 (Bloomberg)
OpenAI’s Promise to Stay in California Helped Clear the Path for Its IPO (WSJ)
Grammarly is changing its name to Superhuman (The Verge)
AI start-up Character.ai bans teens from talking to chatbots (FT)
Tens of Thousands of White-Collar Jobs Are Disappearing as AI Starts to Bite (WSJ)
1X Neo is a $20,000 home robot that will learn chores via teleoperation (Engadget)
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