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Amazon working on AI chatbot, to be launched in September

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Top stories today:

  1. Amazon working on AI chatbot, to be launched in September
  2. Apple rejected Meta AI integration due to privacy concerns
  3. NVIDIA stock -7%, as CEO sells $95M in shares
  4. Generative AI used by bad actors for deep fakes, scams, frauds

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.

1. Amazon working on AI chatbot, to be launched in September

Our view: until we get the next Transformers, LLM technology should stabilize

  • We are already seeing some plateauing of LLM quality in the latest batch of models.

  • We can still see creative new applications of LLMs, even without a major breakthrough in the core technology.

2. Apple reportedly rejected Meta AI integration due to privacy concerns

  • March: brief talks were held, but they did not go anywhere, Bloomberg reports, after the WSJ reported yesterday they were talking.

  • Apple “doesn’t see that [Meta's] privacy practices [are] stringent enough.”

  • Artificial intelligence is changing everything, and tech companies are racing for dominance.

  • In this report, Axios Pro analyzes forthcoming United States AI laws, their impact on big tech, and how policymakers are shaping the future.

  • Read the report today, free.

*Sponsored.

4. NVIDIA stock -7%, back to #3 in market cap, as CEO sells $95M in shares

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