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Top stories today:
- Meta said to plan 4th AI restructuring in 6 months
- OpenAI staffers said to sell $6B in stock to investors
- Gemini, led by Winklevoss twins, files for IPO as crypto listings boom
- ChatGPT mobile app hits $2B revenue since May 2023 launch
- Ukraineās Zelensky to meet Trump at Oval Office at 1 PM ET
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Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Meta said to plan 4th AI restructuring in 6 months
TBD (to be determined) Lab will reportedly be a new lab, working on Metaās next-gen Llama LLM and is rumored to have several leads.
Ex-Googler Jack Rae would lead pre-training, while former Apple lead model developer, Ruoming Pang, would lead TBD Labās infrastructure.
Former OpenAI researcher Jiahui Yu would lead its multimedia efforts.
Ex-OpenAI researcher Hongyu Ren and ex-Googler Pei Sun will be among post-training leaders.
2. OpenAI staffers said to sell $6B in stock to investors in deal valuing company at $500B
SoftBank, Dragoneer, and Thrive Capital are reportedly buying OpenAI shares from its current and former employees.
The secondary share investment is on top of SoftBankās commitment to lead OpenAIās upcoming $40B round.
The talks are early, and the size of the share sale could still change.
OpenAIās share sale could aid in retaining talent amid growing competition from Meta and others.
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4. Gemini, led by Winklevoss twins, files for IPO as crypto listings boom
