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OpenAI: Microsoft to join as board observer, as CTO denies link between firings, safety

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Top stories today:

  1. OpenAI: Microsoft to join as board observer
  2. Elon tells advertisers to “go f*** [themselves]”
  3. Perplexity AI launch “online LLMs” that outperform GPT-3.5
  4. Amazon launches Titan Image Generator in preview
  5. XPRIZE Healthspan: $101M prize for 10-year+ rejuvenation
  6. Life expectancy +1.1 year to 77.5 years in 2022

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. OpenAI: Microsoft to join as board observer, as CTO denies link between firings, safety

  • Microsoft board observer: “We are pleased that this Board will include a non-voting observer for Microsoft,” said Chair Bret Taylor.

    • Investigation of events: “This will include convening an independent committee of the Board to oversee a review of the recent events.”

  • Unrelated to safety: “[The events that just unfolded have] nothing to do with safety,” said CTO Mira Murati.

  • Ilya’s role is unclear: “While Ilya will no longer serve on the board, we hope to continue our working relationship and are discussing how he can continue his work at OpenAI,” said CEO Sam Altman.

2. Elon tells advertisers to “go f*** [themselves]”, predicts AGI in 3 years

  • “If someone’s going to try to blackmail me with advertising, blackmail me with money, go f*** yourself. Go f*** yourself. Is that clear? I hope it is. Hey, Bob [Iger, CEO of Disney], if you’re in the audience.”

    • “Tesla has done more to help the environment than all the other companies combined. What I care about is the reality of goodness, not the perception of it. And what I see all of over the place is looking good, while doing evil. F*** them.”

  • I would say that we are less than 3 years from that point: [can] write as good a novel as J.K. Rowling, or discover new physics, or invent new technology.”

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4. Perplexity AI launch “online LLMs” that outperform GPT-3.5, Llama 2

  • APIs available now: pplx-7b-online, pplx-70b-online, pplx-7b-chat, and pplx-70b-chat.

  • 7b version fine-tuned using mistral-7b, while the 70b version is based on Llama2-70b.

  • Demo live on Perplexity Labs website.

  • Lack of comparison to GPT-4 Turbo suggests it underperforms.

5. Amazon launches Titan Image Generator in preview

  • Quality appears inferior to DALL-E 3 and MidJourney v5, but formal tests have not been released.

6. XPRIZE Healthspan: 7-year, $101M prize for 10-year+ function rejuvenation

  • Money will fund 1-year clinical trials.

  • Largest competition of its kind.

  • Criteria for winning: “A cost-effective therapeutic that restores muscle, cognition, and immune function by a minimum of 10 years, with a goal of 20 years, in persons aged 65-80 within 12 or fewer months of treatment.”

7. Life expectancy +1.1 year to 77.5 years in 2022, as heart disease, cancer, Covid lead as causes

Covid fell from 3rd to 4th most common cause of death, and is expected to fall further in 2023

8. ChatGPT’s training data can be extracted via prompt hack

9. Interesting videos, posts, and memes

10. Other headlines

AI

  • Stability AI explores sale, as investor urges CEO to resign.

  • Human-level AGI 5 years away: NVIDIA CEO.

    • U.S. will take years to achieve chip independence.

  • AWS launches AI Model Evaluation service.

  • Google DeepMind discovers 2.2M crystal structures with GNoME AI.

  • Together AI raises $102.5M A to help companies pre-train, fine-tune.

  • Adam D’Angelo: profile of OpenAI board member who fired co-founder.

  • guidde AI allows you to create stunning video-based FAQs, how-to's, training docs.*

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Tech

  • Salesforce’s revenue +11% YoY to $8.72B in quarter.

  • Snowflake’s revenue +48% to $624M, vs. 85% in previous quarter.

  • Sequoia splits from China, India affiliates 1 month ahead of schedule.

  • Rover, pet-care app, bought by Blackstone for $2.3B.

  • Substack adds video upload, editing capabilities.

  • Robinhood launches stock-trading in UK, 1st international market.

  • Apple pays Arm only $0.30 per device, much lower than others.

    • Vague on status of Goldman Sachs credit card deal.

  • GM cutting spending at Cruise by “$100M's.”

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  • The CEO Report: become a better leader by subscribing, 100% free.*

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Tech & law

  • Google reaches deal with Canada about news, may pay $74M/year.

  • Threads to launch in Europe in Dec.

  • U.S. will take years to achieve chip independence: NVIDIA CEO.

  • Adobe finishing proposal to address EU concerns of Figma deal.

  • TikTok, Meta, X CEOs to testify at Senate hearing in Jan.

Biotech

  • Neuralink: Elon says no monkey has died due to company.

  • Verve Therapeutics raises $148M via public stock offering.

  • Kindbody, fertility startup, raising $50M as losses pile in.

Business

Crypto

  • FTX gets court approval to sell $873M in GBTC, Bitwise Trust assets.

  • Wormhole raises $225M at $2.5B valuation.

  • SoFi exits crypto.

  • Binance to halt support for its BUSD on Dec. 15.

  • web3 games: 75% of launched ones have failed.

U.S. politics

  • Trump promises to replace Obamacare, similarly to 2016.

    • Bankers say he exaggerated net worth but did not affect loans.

  • NYC to institute $15/day congestion plan for drivers.

  • Wall St., big donors seek alternatives to Biden, Trump.

  • Liz Cheney book: McCarthy said Trump was “really depressed” after election.

  • Mark Cuban selling the Mavericks could signal Senate, presidential run.

  • No Labels pulls plug on Dallas nomination convention in April.

  • Ramaswamy’s national political director joining Trump campaign.

  • George Santos’s expulsion vote on Friday: Speaker Johnson has “reservations.”

World

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