Brought to you by:
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. Google Gemini launch reportedly delayed from Dec. to Jan. due to unreliability of non-English queries
As good as or better than GPT-4 āin some respects,ā according to a source.
The launch event was set for this week in Washington, D.C.
Our view: as good or better than GPT-4 doesn't sound good, but prediction markets still expect Gemini to beat GPT-4
Small differences in quality to GPT-4 are expected ā likely not game-changing ones.
2. Sam Altman's investment in Rain AI, with whom OpenAI signed $51M LOI, contributed to his firing
āThe distraction and intermingling of his myriad pursuits played some role in his recent firing by OpenAIās board for uncandid communications, according to people involved in the situation.ā
Altman led Rain's 2018 seed with $1M.
In 2019, OpenAI signed a Letter of Intent (LOI) with Rain, promising to buy $51M worth of AI chips.
100x better? Rain claims its brain-inspired NPUs (neuromorphic processing unit) will be up to 100x faster than GPU chips such as NVIDIA's.
The U.S.'s CFIUS recently forced the Saudi fund Prosperity7 to sell its $25M stake in Rain to a U.S. fund.
Our view: Altman's behavior is normal in Silicon Valley, and the board still needs to clarify publicly why they fired Altman
It's surprising we still don't know all the details of the firing.
Flippaās intelligent valuations engine is the industry's most accurate tool, taking into consideration thousands of sales and live buyer demand.
Flippa combines expert advisory with world leading matching technology to ensure you sell in the fastest time, for the best price at the lowest fees.
With transactions from $5,000 to $50,000,000, Flippa is the #1 marketplace globally to buy and sell online businesses.
Start your exit journey by finding out how much your online business is worth.
*Sponsored.
