• Bay Area Times
  • Posts
  • Alphafold 3 launched by Google Deepmind, who hopes to build “$100B’s+ business”

Alphafold 3 launched by Google Deepmind, who hopes to build “$100B’s+ business”

Brought to you by:

Top stories today:

  1. Alphafold 3 launched by Google Deepmind
  2. Mistral nears raise of $600M at $6B valuation
  3. OpenAI shares “Model Spec,” doc on how they want AI models to behave
  4. iPhone shipments in China +12% YoY to 3.75M units in Mar.
  5. China’s exports +1.5% YoY in Mar., imports +8.4%, after drops in Feb.

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).

All times are ET.

1. Alphafold 3 launched by Google Deepmind, who hopes to build “$100B’s+ business”

Deepmind CEO Demis Hassabis expects drugs in the clinic “in the next couple of years”

Tired of explaining the same thing over and over again to your colleagues? It’s time to delegate that work to AI. guidde is a GPT-powered tool that helps you explain the most complex tasks in seconds with AI generated documentation.

  • Turn boring documentation into stunning visual guides

  • Save valuable time by creating video documentation 11x faster

  • Share or embed your guide anywhere for your team to see

Simply click capture on our browser extension and the app will automatically generate step-by-step video guides complete with visuals, voiceover and call to actions.

*Sponsored.

3. Mistral nears raise of $600M at $6B valuation

Making it the #6 most valuable generative AI startup:

  • Likely led by existing investors General Catalyst and Lightspeed Venture Partners.

  • Unclear how they can compete with Meta’s Llama 3 on open source AI and with OpenAI, Anthropic, and Google on closed source AI, given these companies are literally investing $10B’s.

    • A breakthrough in AI algorithms (e.g. Transformers 2.0) is likely required.

4. OpenAI shares “Model Spec,” doc specifying how they want AI models to behave

5. iPhone shipments in China +12% YoY to 3.75M units in Mar., from -37% in Feb., after discounts

6. China’s exports +1.5% YoY in Mar., imports +8.4%, after drops in Feb.

7. U.S. expected to manufacture 28% of <10nm chips by 2032, from 0% today

8. Interesting videos, posts, and memes

9. Other headlines

AI

  • xAI nears close of $6B at $18B pre-money valuation round.

  • Microsoft Copilot introduces new AI features, including autocomplete.

  • Stack Overflow banning users to deleted answers ahead of OpenAI partnership.

  • Atlan, AI data catalog, raises $105M at $750M valuation.

  • Datology AI raises $46M for AI model training data.

  • Microsoft to invest $3B+ in AI infrastructure in Wisconsin.

  • MindStudio: How to Build An AI Agency.*

  • guidde: magically create video documentation with AI.*

*Sponsored.

Tech earnings

Tech

  • Kinde: customer identity and access management in a few lines of code.*

*Sponsored.

Tech & law

  • AI model China export curb likely to be introduced by U.S.

  • Tesla probed for potentially misleading investors, consumers over self-driving.

Biotech

  • Neuralink posts update on 1st patient, who already plays videogames.

  • Fountain Life launches $2995/year CORE membership for longevity.

  • Alzheimer’s and aging as a target for prevention, treatment.

Crypto

  • Trump pledges support crypto, “I'm fine with it, I wanna make sure it's good.”

  • Memecoin index launched by VanEck.

  • Binance accused of firing investigator that identified suspicious trading.

  • Nigeria rejects Binance’s allegation of bribery.

U.S. politics

  • House rejects MTG’s attempt to remove Speaker Johnson by 359-43.

World

Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below).

What did you think of today's newsletter?

Login or Subscribe to participate in polls.

Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. You should do your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Bay Area Times team.

Please read our Terms of Service and our Privacy Policy before using Our Service.

Subscribe to keep reading

This content is free, but you must be subscribed to Bay Area Times to continue reading.

Already a subscriber?Sign In.Not now