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OpenAI is turning down billions of dollars

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Good morning! This is your daily โ˜•๏ธ Techpresso.



In today's Techpresso:

๐Ÿ’ฅ OpenAI is turning down billions of dollars

๐Ÿ’ป ByteDance to make its own AI GPUs

โš›๏ธ Microsoft reopens nuclear plant to fuel its AI power needs

๐Ÿšจ Trying to break OpenAI's new models could get you banned

๐Ÿš€ Elon Musk wants the FAA to leave SpaceX alone

๐ŸŽ + 6 other news you might like

๐Ÿ”ฎ + 5 handpicked research papers and tools

๐Ÿ’ฅ OpenAI is turning down billions of dollarsLINK

  • OpenAI's upcoming funding round aims to raise $6.5 billion and has been met with overwhelming interest, being oversubscribed by billions of dollars.
  • This funding round is led by Thrive Capital with a $1.25 billion commitment, and major companies like Microsoft, NVIDIA, and Apple are in advanced talks to contribute significantly.
  • OpenAI's valuation is expected to rise sharply to $150 billion from its previous $86 billion mark, reflecting the company's growing influence in the AI sector.
  • ๐Ÿ’ป ByteDance to make its own AI GPUsLINK

  • ByteDance is developing two AI GPUs to reduce reliance on Nvidia, with mass production slated for 2026.
  • The new AI GPUs are designed by Broadcom, produced by TSMC using N4/N5 process technologies, and focus on AI training and inference.
  • ByteDance has already spent over $2 billion on Nvidia AI GPUs this year, highlighting the strategic importance of AI hardware to the company.
  • โš›๏ธ Microsoft reopens nuclear plant to fuel its AI power needsLINK

  • Microsoft and Constellation Energy have struck a deal to re-open Pennsylvania's Three Mile Island nuclear plant, allowing Microsoft to purchase all 835 megawatts of its energy generation for 20 years starting in 2028, pending regulatory approval.
  • While the plant's electricity won't be directly allocated to Microsoft facilities, the agreement is part of a broader effort by the tech industry to secure new energy sources for data centers supporting AI models, cloud computing, and streaming services.
  • The deal involves re-opening Unit 1, which was closed in 2019 due to economic reasons, marking the first time a decommissioned nuclear plant would be reactivated, potentially signaling a new era for nuclear energy in the tech sector.
  • ๐Ÿšจ Trying to break OpenAI's new models could get you bannedLINK

  • OpenAI's o1 models, launched last week, were designed to excel in advanced reasoning, solving complex math, science, and coding problems by "thinking before they speak."
  • Users attempting to break the o1 modelsโ€™ reasoning received warnings for violating terms of use, including the use of phrases like "reasoning trace" and "reasoning."
  • OpenAI's updated Terms of Use indicate that violating usage policies could lead to account suspension or termination, aiming to prevent risks and ensure compliance with the law.
  • ๐Ÿš€ Elon Musk wants the FAA to leave SpaceX aloneLINK

  • SpaceX has sent a harsh letter to the FAA, criticizing its delayed licensing reviews and alleging that over $600,000 in fines were retaliatory actions due to scrutiny on the Office of Commercial Space Transportation.
  • The aerospace company's letter also claims the FAA's delays have adversely impacted both their technology development and national security, which they attribute to the agency's inadequate resource allocation.
  • SpaceX asserts that these penalties are unjust and has decided to challenge each violation cited by the FAA, with CEO Elon Musk announcing plans to sue the regulatory body for overreach.
  • Other news you might like

    The FTC says social media companies canโ€™t be trusted to regulate themselves.LINK

    Amazon says workers need to be in the office. Most of Silicon Valley disagrees..LINK

    Disney to reportedly stop using Slack after hack exposes company secrets.LINK

    Apple put on notice over support for third-party watches and headphones.LINK

    Alibaba's Qwen 2.5 AI models are gunning for Llama 3's crown in latest benchmark.LINK

    1Xโ€™s generative model first to predict real-world robot interactions.LINK

    Latest research and tools

    Training Language Models to Self-Correct via Reinforcement Learning: the paper discusses improving language models' accuracy by using reinforcement learning to enable them to self-correct errors.LINK

    Openpilot: an open-source operating system designed to enable autopilot capabilities in over 275 supported car models using a combination of custom software and specific hardware installation.LINK

    CuPy: a library compatible with NumPy/SciPy that accelerates computing by utilizing GPUs, offering a drop-in replacement for existing code on NVIDIA CUDA or AMD ROCm, along with access to CUDA features.LINK

    No same site: a feature for iOS18 designed to prevent the sharing of cookies across websites, enhancing user privacy by limiting tracking capabilities.LINK

    A rigid but foldable indoor airship aerial system for cave exploration: the paper introduces a durable yet flexible airship designed for navigating and studying caves.LINK


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