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Top stories today:
- Sergey Brin: "we definitely messed up" on image generation
- Reddit targets $6B - $6.5B valuation in IPO, vs. $10B in 2021
- Apple may announce new iPads, Macbooks, accessories this week
- OpenAI memo rebuffs Elonās main lawsuit claims
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. Google co-founder Sergey Brin: "we definitely messed up" on image generation
Brin spoke at the AGI House in San Francisco on Saturday:
Said most AI models today say āfar-leftā things when stress-tested, that this issue isnāt something exclusive to Gemini.
Suggested a Google text-to-video + audio may be coming, calling it āan exciting field.ā
2. Reddit targets $6B - $6.5B valuation in IPO, vs. $10B in 2021
Price-to-sales (P/S) of 7-8, vs. 29 in 2021.
Price range of $31 - $34.
Ticker RDDT.
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