😲 Elon Musk Goes Hardcore, Amazon launches Q, Apple vs Google,; and more

News & Trends 📢

Amazon launches Q, its B2B AI-powered assistant

There are various services under the “Q Suite”.

• Q Business: Answer questions, provide summaries, generate content, and securely complete tasks based on internal company data

• Q Apps: Generate apps in a single step from conversations (no coding skills required) with Amazon Q Business.

• Q Developer: Generate, explain, debug, and publish code - with low friction or expertise

The firm enjoys deep enterprise penetration (vs other tech firms, with the exception of Google) with its AWS stack. Q will only serve to further strengthen Amazon’s enterprise offering and provide reinforcement data for learning.

Samsung’s operating profit surged by more than 930%, driven by demand for its servers, memory chips and storage used in AI applications. [Techcrunch]

This success and those of other manufacturers is driving investors to invest thematically in companies benefitting from a surge in AI.

SHOWDOWN: Google Vs Apple

• Gemini Rollout: Google rolls out its AI chatbot Gemini to over 100 countries - it is also accessible on iPhones, lending speculation to potential deeper integration between Apple and Google

• Apple Poaching Google Talent: Apple has built a secretive lab in Zurich and has poached dozens of AI experts from Google

• Google Layoffs: Google lays off staff across Dart, Flutter, and Python teams - right before its developer conference

Elon Musk sends out a brutal email before firing 2 senior execs, the entire supercharger team, and planning to “go absolutely hardcore”

CZ, Founder of Binance (the world’s largest crypto exchange) is sentenced to four months in prison [CNN]

Binance agreed to pay $4b in fines with CZ personally fined for over $200m, for failing to implement robust anti-money laundering mechanisms.

8 US Newspapers sue OpenAI and Microsoft for copyright infringement [Axios]

The complaint centers on copyright infringement claims around the use of articles to train AI models. Also, content was allegedly shown without representation (e.g. OpenAI removed the author’s names). OpenAI contends that reporting without attribution and permission were "a rare bug that we are working to drive to zero."

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