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Top stories today:
- Anthropic hires OpenAI’s former safety leader Jan Leike
- OpenAI former board member says Altman repeatedly lied
- HubSpot +8% to $33B market cap after rumors of Google buy
- Former FTX exec Ryan Salame gets 7.5 years in prison
- Samba Nova demos Llama 3 8B at 1K tokens per second
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. Anthropic hires OpenAI’s former safety leader Jan Leike, as OpenAI announces safety committee, GPT-5 training
To report to OpenAI’s Chief Science Officer, Jared Kaplan.
Ilya Sutskever’s status is still TBD.
OpenAI’s new Safety and Security Committee is a board committee “responsible for making recommendations to the full Board on critical safety and security decisions.”
“OpenAI has recently begun training its next frontier model.”
Prediction markets expect GPT-5 to be launched in Q4 or 2025
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3. OpenAI former board member says Altman repeatedly lied, informed of ChatGPT launch over Twitter
2 executives told us “how they couldn’t trust him,” “they didn’t think he was the right person to lead the company to AGI.”
“Didn’t inform the Board that he owned the OpenAI Startup Fund.”
“On multiple cases, he gave us inaccurate information on the small number of safety processes the company had in place.”
“Impossible for the board to know how well those safety processes were working.”
OpenAI’s current board chief, Bret Taylor, said, “We are disappointed that Ms. Toner continues to revisit these issues.”
4. HubSpot +8% to $33B market cap after another report of potential Google buy
“All-stock deal for Alphabet to acquire HubSpot,” CNBC’s David Faber reported, saying that they were “in conversations.”
Still below its 2021 high of $43B market cap.
5. Former FTX exec Ryan Salame gets 7.5 years in prison, goes back to tweeting
More than the 5-7 years the prosecutors sought.
Salame pled guilty to conspiracies to operate an unlicensed money-transmitting business and to make illegal contributions.
But he did not cooperate.
Another 3 years of supervised release.
Only $11M in monetary penalties.
6. Samba Nova demos Llama 3 8B at 1K tokens per second, #1 fastest provider
Leverages Samba’s custom SN40L RDU AI chips.
No public API yet.
Chat interface demo available.
7. Interesting videos, posts, and memes
8. Other headlines
AI
Microsoft launches Copilot bot for Telegram.
Chromebook adds AI-powered features.
PwC to roll out ChatGPT Enterprise to 101K employees.
Cara generates 2x more warm leads and is 10x more cost-efficient than humans.*
Nebius AI: Fight for the best price on your H100 GPU cluster.*
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Tech
YouTube’s Playables mobile games launches on iOS.
Lenovo raises $2B in convertible bonds with Saudi Arabia.
Nubank dethrones Itau as most valuable bank in Latam.
Athyna: hire incredible global talent with the same company that Bay Area Times uses!*
*Disclaimer: Bay Area Times is a shareholder in Athyna.
Tech & law
TikTok ban oral arguments in U.S. Court of Appeals will happen in Sep.
U.S. presses social media companies to suppress antisemitic content.
U.S.’s 25% tariff on China’s GPUs, motherboards goes into effect on Jun. 15.
Biotech
Business
Crypto
BlackRock’s Bitcoin ETF reaches $20B, ahead of Grayscale’s.
Binance exec jailed in Nigeria suspected of having malaria: family.
41% of U.S. paying attention to crypto, from 34% in Nov.
Uniswap Wallet App makes it easy to swap crypto on the go.*
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U.S. politics
Trump jury deliberations to start today in NY hush money trial.
Marco Rubio’s low-key strategy to become VP.
Harvard to no longer comment on issues outside education.
58% following political news closely, vs. 52% in Apr. 2020.
World
Rafah center reached by Israeli army.
U.S. pier in Gaza being repaired after rough seas.
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