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Top stories today:
- Amazon working on AI chatbot, to be launched in September
- Apple rejected Meta AI integration due to privacy concerns
- NVIDIA stock -7%, as CEO sells $95M in shares
- 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
Amazonās Metis plan to use retrieval-augmented generation (RAG) to give up-to-date responses, such as stock prices.
AI agents are also in the plans.
CEO Andy Jassy is involved.
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 ādoesnāt see that [Meta's] privacy practices [are] stringent enough.ā
Artificial intelligence is changing everything, and tech companies are racing for dominance.
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