Google Gemini still in “training, finetuning”, suggesting 2024 launch
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Top stories today:
- Google Gemini still in “training, finetuning”, likely 2024 launch
- AlphaFold can now predict structure of ligands, nucleic acids
- SBF finishes testimony, case moves to closing arguments
- WeWork plans to file for bankruptcy as soon as next week
- Israeli army closes in on Gaza City, as Houthis join war
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 still in “training, finetuning”, suggesting 2024 launch
“We’ll see [about 2024 launch],” said Demis Hassabis, CEO of Google Deepmind, in an interview with CNBC.
Prediction markets think it’s either Q4 or Q1:
2. AlphaFold can now predict structure of ligands, nucleic acids
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4. SBF finishes testimony, case moves to closing arguments today
Jury deliberations should be out by early next week, according to prediction markets:
SBF speculated about whether Nishad would plead guilty in a document he wrote in Dec. 2022, suggesting Bankman-Fried knew about his head of engineering’s involvement in a broader conspiracy.
Today: both sides will take ~2 hours each for closing arguments, and the judge is likely to decide on jury instructions. - Bloomberg live
5. WeWork plans to file for bankruptcy as soon as next week
WeWork stock is down from 500 to 2 since 2021, with a current market cap of $121M:
WeWork missed bond payments on Oct. 2, kicking off a 30-day grace period, which was recently extended by another 7 days. - WSJ
In Q2, WeWork had -$397M of net income and ended the quarter with $205M in cash and $475M in loan capacity.
$13B of investor capital has been invested in WeWork since inception, mostly by Softbank. - WeWork
6. Israeli army closes in on Gaza City, as Houthis join war
Houthis declare war, fire another missile at Israel, shot down.
U.S., Israel weigh options for post-war Gaza: UN, U.S/Saudi/UAE control.
Hamas allows wounded, some foreigners to leave for Egypt.
Israeli airstrikes hit Jabalia camp, killing Hamas commander.
9 Israeli soldiers killed in Gaza invasion: IDF.
Hezbollah: Israel may act against them after Hamas: natl. security advisor.
McConnell wants more U.S. border aid in Israel, Ukraine aid bill.
Jack Lew confirmed by Senate as U.S. Ambassador to Israel, 53 × 43.
Saudi Arabia still interested in deal with Israel: WH.
U.S. had stopped spying on Hamas post-9/11, relying on Israel.
Egypt’s PM: “prepared to sacrifice millions of lives” to protect territory.
Blinken testifies to Hamas’s atrocities on Oct. 7.
TikTok sees 4x more pro-Palestine hashtag than pro-Israel.
7. U.S. infant deaths +3% to 5.6 per 1,000 births in 2022
8. Interesting videos, posts, and memes
9. Other headlines
AMD revenue +4% to $5.8B.
Match (Tinder, Hinge, OKCupid) revenue +9% to $882M.
200K Tesla Cybertrucks/year is the aim: Elon Musk.
X all-hands meeting: full transcript.
Video game industry sees record-breaking sales with layoffs.
Google’s mobile-first indexing complete after 7 years.
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Tech & law
Tesla wins 1st U.S. Autopilot trial involving fatal crash.
Chinese court also rules in favor of Tesla in similar case.
Google, Match reach settlement, reducing fee from 30% to 26%.
Apple: Dutch regulator says 30% fee violates antitrust rules.
Chinese social media asking top users to display real names.
U.S.-led 40-country alliance pledges not to pay ransom to cybercriminals.
Hesai, leader in lidar sensors, new target of U.S.-China export curbs.
Google: emails suggest blurry line between search, ads teams.
North Korea closing multiple embassies.
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