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Top stories today:
- Meta launches Llama 3 in 8B, 70B parameters, becoming #1 open model
- Meta AI assistant gets Meta.AI website, expands beyond U.S.
- Netflix beat earnings as operating margin +7 p.p. to 28%
- Bitcoin halving today at ~6PM ET
- Microsoftās VASA-1 research AI turns photos into talking faces
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. Meta launches Llama 3 in 8B, 70B parameters, becoming #1 open model
Llama 3 is already #5 on LMSYS's Chatbot Arena Leaderboard, tying with Gemini Pro and Claude 3 Sonnet:
Trained on 15T tokens, vs. 2T for Llama 2.
8K context window, which is short when compared to Gemini 1.5 Pro (128K) or GPT-3.5 (16K).
Hard to see how small startups or nonprofits could compete with Meta in producing an open model.
Meta is also training a ~400B model that is reaching GPT-4/Claude 3 Opus/Gemini Ultra quality
Also coming: multimodal models.
Llama 3.x may fully catch up with closed-source models in 1-12 months, especially if GPT-5 is delayed and without major new advances to the Transformers architecture.
Zuck did a great podcast interview with Dwarkesh Patel about Llama 3
2. Meta AI assistant gets Meta.AI website, expands beyond U.S.
Now available in the U.S., Australia, Canada, Ghana, Jamaica, Malawi, New Zealand, Nigeria, Pakistan, Singapore, South Africa, Uganda, Zambia and Zimbabwe.
No EU or UK access.
Metaās AI image generator works in real-time and at an amazing speed
Roborock has taken the No.1 spot for robotic vacuum sales worldwide
The new S8MaxV Ultra will āClean Beyond Limitsā with its 100% corner-to-edge cleaning capability and VibraRise 3.0 Mopping System.
Open-sale: a. Available on April.22 / b. Buy one get one Roborock Flexi Lite for free/ c. 5-year warranty / d. Get up to $900 cashback when you trade in your Roborock Vacuum
*Sponsored.
4. Netflix beat earnings as operating margin +7 p.p. to 28%, revenue +15% to $9.4B
9M subscribers were added in the quarter, with the total number reaching 270M
2025 Q1: No longer to report subscriber count.
Stock -6% in the pre-market.
5. Bitcoin halving today at ~6PM ET
Bitcoinās previous halvings have preceded price jumps, although this time crypto prices anticipated the halving:
# of BTC mined per ~10 minutes to halve, from 6.25 to 3.125 BTC.
From $20B to $10B/year in mined BTC.
BTC +5% to $64K in the past 24 hours, still below its $74K all-time high reached in Mar.
