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Top stories today:
- Alibaba releases open-weight AI model with vision reasoning
- Founders Fund said to raise $3B for new growth fund
- OpenAI said to be considering development of humanoid robot
- Coinbase’s trading volume surges to weekly high of $119B
- Russia using Bitcoin in foreign trade, finance minister says
- China’s EV sales to surpass traditional cars by 2025
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
No major events today.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of the few hallucinations):
1. Alibaba’s Qwen releases QVQ-72B-Preview open-weight AI model with vision reasoning
The QVQ model has outperformed GPT-4o and Qwen2-VL-72B across math-related benchmarks, per Qwen:
QVQ-72B-Preview topped OpenAI’s o1 on MathVista with a 71.4 score.
Weights are available through Hugging Face.
Custom Qwen licensed.
Currently available for research, with some known limitations.
Does not support video inputs.
QVQ-72B-Preview can generate reasoning-based responses to solve math problems shared with images
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3. Founders Fund said to raise $3B for new growth fund
-12% from the $3.4B raised for the Growth Fund II in 2022.
Mar. 2023: Founders Fund split its early-stage fund in half to $900M due to limited opportunities.
Peter Thiel, Founders Fund co-founder, will have close access to the incoming White House.
