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Top stories today:
- Apple abandons Car project
- Google CEO e-mail to employees on Gemini: ācompletely unacceptableā
- SBF asks for sentence of 6.5 years or less
- GPT-4 found best AI model for election information
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. Apple abandons Car project, most of 2K employees to shift to AI division
Some layoffs will happen, with the exact number TBD.
Apple Car was rumored to be priced at $100K and would likely have lower margins than what Apple is used to.
Appleās CarPlay already has a 90% market share for model-year 2023 vehicles sold in the U.S.
Elon, just after the news, commented that the new Tesla Roadster will do 0-60 mph in <1 second, leveraging SpaceX technology
End of 2024: unveil.
2025: āaiming to ship,ā which is likely an optimistic prediction by Elon.
2. Google CEO e-mail to employees on Gemini: ācompletely unacceptable and we got it wrongā
Alphabetās stock was +1% on Tuesday, in line with the S&P 500, after a -5% performance on Monday:
āOur teams have been working around the clock to address these issues.ā
Memo was likely written to be leaked.
Geminiās problems were caused by a failed quick fix aimed at reducing bias, which ended up backfiring by overcorrecting and creating more bias.
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4. SBF asks for sentence of 6.5 years or less
Comparable convicted fraudsters usually get much more than what they asked for:
