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Top stories today:
- OpenAI secures $4B revolving credit line to get $10B+ in liquidity
- iPhone SE 4 to debut with Appleās first 5G modem in spring 2025
- Googleās AI Overviews will now surface ads
- Gemini 1.5 Flash-8B now production-ready, with 50% lower price
- Oil set to see biggest weekly gain since Feb. 2023
- Elon predicts AGI in ācouple of years,ā wants to build āsupersonic jet companyā
- Employment report expected to show 150K new jobs, out at 8:30 AM ET
0. Data and calendar
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All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware a few hallucinations):
1. OpenAI secures $4B revolving credit line to get $10B+ in liquidity
$2B additional credit line option is also available.
~6% interest: what OpenAI would be paying on the credit (SOFR + 1%).
The credit line "strengthens our balance sheet and provides flexibility to seize future growth opportunities," OpenAI CFO Sarah Friar said.
Wed.: OpenAI announced its $6.6B funding, valuing the company at $157B.
Canvas brings a window with a workspace for writing and coding projects.
The window pop-ups automatically based on user queries.
ChatGPT Plus and Teams users can experience Canvas.
Next week: Enterprise and Edu users will also get the new interface.
Free users may get the interface later ā once itās out of beta.
OpenAIās canvas works similar to Anthropicās Artifacts.
Pipedrive AI helps 100k+ sales teams save time and boost win rates phasing out manual processes, and identifying patterns, and recommending high-potential deals and priority actions.
Draft quick, compelling, and personalized emails from simple prompts in just a click.
Summarize threads with Al to save valuable time.
*Sponsored.
3. iPhone SE 4 to debut with Appleās first 5G modem in spring 2025
The new iPhone SE model is said to have the iPhone 14ās display resolution and an OLED panel:
