Google Search Generative Experience now has page summaries, definition previews
Bay Area Times
August 16, 2023
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Top stories today:
- Google AI search experience adds page summaries, definitions
- OpenAI proposes content moderation software using GPT-4
- Google's Gemini AI to merge LLM and image capabilities
- Twitter shuts down “Follower Objective” ads
- Twitter adds then removes 5-second delay on links to competitors
- Streaming was a record 38.7% of TV usage in July
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 Search Generative Experience now has page summaries, definition previews
Page summaries appear on the right on the new Google Chrome:
Definitions now appear on SGE when you hover the mouse over an underlined word
Still only available in beta, which can be enabled here. - Techcrunch, Google
Our view: Google's fast rollout of AI features increasingly threatens startups that build extensions
Why do you need a summarizer extension when Chrome does it for you?
In line with the strategy of Google, Microsoft, and Apple of developing the most devices and software they can and integrating them as much as possible.
They each have their own operating systems, browsers, office suites, etc.
2. OpenAI proposes content moderation software using GPT-4
Just a proposal, with no actual software being released at this time.
Better than Anthropic, OpenAI claims: “Different from Constitutional AI (Bai, et al. 2022) which mainly relies on the model's own internalized judgment of what is safe vs not, our approach makes platform-specific content policy iteration much faster and less effortful.” - Techcrunch, OpenAI
GPT-4 performs similarly to humans with light training, but worse than experienced humans
Our view: similar AI systems are already being used by platforms to moderate content
AI + human is the name of the game today.
AI by itself may outperform human moderation in the near future (think GPT-5).
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Once accepted, Sidebar gives you a Personal Board of Directors, matching you with a small group of brilliant peers.
Users can message their group 24/7 and attend fast-paced meetings to solve their biggest challenges at work, faster.
Employer reimbursements possible: many Sidebar members get their membership fees covered by their employer.
Why spend a decade finding your people – join Sidebar today. Sign up for the growing waitlist of over 3,500 top senior leaders, and apply to become a founding member. - Sidebar
*Sponsored.
4. Google's Gemini AI to merge LLM and image capabilities, may include video, code-from-website too
100s of employees working on Gemini, led by at least these 26 leaders:
Our view: we agree with prediction markets that Gemini will likely outperform GPT-4
5. Twitter shuts down “Follower Objective” ads, which generated $100M+/year
Paying Twitter ads to get followers is no longer an option:
Decision by product team, not ad team.
“[Twitter] said it's made recommendations to clients to try other types of ad units, including engagement campaigns, which put an advertiser's name and account at the forefront of an ad, and reach campaigns that allow advertisers to pay for additional ad impressions.” - Axios
6. Twitter also adds then removes 5-second delay on links to competitors, launches Highlights tab, makes Tweetdeck a paid feature
The 5-second delay was first identified by a Hacker News user, but has been reversed since then:
The Highlights tab shows posts you choose, mimicking similar features in Instagram, TikTok
Tweetdeck (or X Pro) officially became a premium feature, following an announcement in July
7. Streaming was a record 38.7% of TV usage in July, with Youtube, Netflix leading
Streaming jumped from 31.5% in July 2022
8. Households are spending $30/mo on 4 streaming services, on average
Meanwhile, only Netflix is making money off this trend, highlighting how streaming margins are higher than cable's
9. China decoupling puts at risk #1 research partner of U.S.
Our view: China has recently overtaken the U.S. in publishing papers, but the U.S.'s entrepreneurial culture makes up for the lag
10. Dubai leads digital nomad ranking that overlooks tax rates and business events
Dubai would probably have won out either way, as the West still doesn't have a large tax-free country:
11. Interesting tweets, memes, and videos
12. Other headlines
AI
UK AI safety event to include Biden, Altman, Nadella, Hassabis.
Home builders leveraging AI, drones, robots to increase speed.
AI startup founder arrested after alleging stealing $500K.
Tech
Lamborghini to reveal electric supercar concept on Aug. 18.
India: Foxconn begins iPhone 15 production.
Youtube Samples tab is Shorts for Music.
Setapp to launch EU-based App Store alternative in 2024.
Intel to give up on $5.4B Tower deal after lack of China approval.
Biotech
Microbial DNA could cause harmful heart inflammation.
AgeX again ends quarter with <$1M in cash.
CDC faces $1.5B in budget cuts, layoffs.
Business
China home prices fall 0.2% MoM, trust firm misses payments.
VCs having trouble raising funds.
Economic data being hidden, including youth unemployment.
Retail sales rise 0.7%, core 1.0% MoM.
Argentina: libertarian Milei says he wouldn't dollarize overnight.
UK inflation drops from 7.9% to 6.8% YoY in July.
CHIPS Act gets help from Wall St. to distribute $39B in subsidies.
Neymar to make ~€80M/year tax-free in Saudi Arabia, 2-year contract.
Crypto
GOP asks Gensler how Prometheum got suspicious SEC approval.
Worldcoin may have violated Kenya's ban.
Sei to be listed on Coinbase.
Binance, CZ face regulatory setbacks that slow its world conquer.
Binance shuts down its payments service Connect.
U.S. politics
Trump failed to pay Giuliani, Eastman for 2020 services.
Hunter Biden: special counsel says gun deal is “withdrawn.”
Top lawyer withdraws from case.
Ramaswamy goes viral after respectful exchange on cultural issues.
Entire police department resigns in Minnesota city.
NIMBY: New Rochelle defied it and ramped up housing.
World
Romania helps Ukraine with exporting grains.
North Korea confirms custody of U.S. soldier who voluntarily entered.
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