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Top stories today:
- Google’s AI announcements: Vids, text-to-4-second video, more
- GPT-4 Turbo with Vision now available via API
- India now responsible for 14% of total iPhone production
- ByteDance’s revenue +66% to $120B in 2023, EBITDA +60% to $40B
- CPI expected at 0.3% / 3.4%, core CPI at 0.3% / 3.7%
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’s AI announcements: Vids, text-to-4-second video, Gemini Pro 1.5 public preview, CodeGemma, more
Vids is Google’s AI-powered video editor made for the workplace:
Imagen 2 now has “text-to-live images,” 4-second videos similar to Runway
In line with Demis Hassabis’s alleged comments that Google may fail to catch up with OpenAI’s Sora.
Available in preview on Google Cloud’s Vertex AI.
Other Google news
Gemini 1.5 Pro entered public preview on Vertex AI.
CodeGemma and RecurrentGemma are the first 2 Gemma (open-source) variants.
New Workspace features include voice prompting on mobile Gmail, Building Blocks on Sheets, and more.
In-house chip efforts are being expanded with the preparation of a new chip called Axion.
Bayer is partnering with Google on new AI product for radiologists.
WPP, the world’s largest ad group, announced Gemini collaboration.
2. GPT-4 Turbo with Vision now available via API, OpenAI announces after Google’s keynote event
Read more: VentureBeat.
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4. India now responsible for 14% of total iPhone production, from 7% last year
Apple expects to get the number to 25% in 1 or 2 years:
5. ByteDance’s revenue +66% to $120B in 2023, EBITDA +60% to $40B
Nearing Meta’s $135B of revenue in 2023, from $117B in 2022.
TikTok was ~$20B of that revenue, and is around break-even.
ByteDance offered an up to $5B buyback at $268B valuation in Dec., from a peak secondary market valuation of $460B in 2021.
6. CPI expected at 0.3% / 3.4%, core CPI at 0.3% / 3.7%, out at 8:30 AM ET
Read more: Yahoo.
7. Interesting videos, posts, and memes
8. Other headlines
AI
OpenAI hires 24+ in-house lawyers to prepare for lawsuits.
Apple's new Ferret LLM could help Siri read iOS apps.
eBay adds AI-powered “shop the look” feature to iOS app.
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Tech
TSMC’s revenue +16% to $18.5B in Q1, after decline in 2023.
VR devices: only 13% of teens use on weekly basis, from 10% in 2023.
Linqto go to public via $700M SPAC deal.
Automattic buys Beeper, iMessage on Android, for $125M.
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Tech & law
Biotech
LyGenesis commences Phase II trial for growth of liver organoids.
Cholesterol-consuming gut microbes lower heart disease risk.
Business
Boeing 787 had manufacturing shortcuts: whistleblower.
Crypto
Monad raises $225M at ~$3B to compete with Ethereum.
Mango Markets exploiter’s defense: trade, not theft.
Memecoin index introduced by WOO X.
U.S. politics
World
Rafah operation has no date set, Gallant tells Austin: sources.
Israel threatens direct strike on Iran if Tehran attacks from own soil.
Hamas rejects U.S. plan for 6-week ceasefire.
Seized Iranian guns, rocket launchers transferred to Ukraine by U.S.
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