• Bay Area Times
  • Posts
  • Phind says its open-source coding AI is better than GPT-4

Phind says its open-source coding AI is better than GPT-4

Brought to you by:

Sorry for the late send, our servers got clogged up today!

Top stories today:

  1. Phind says its open-source coding AI is better than GPT-4
  2. SpaceX's Crew-7 docks at International Space Station
  3. Evergrande stock -79% as trading resumes after 17 months
  4. Apple's suppliers are mostly in China but also India, Vietnam
  5. China likely to continue with moderate stimuli: survey

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. Phind says its open-source coding AI is better than GPT-4

  • Phind-CodeLlama-34B is a fine-tuning of Meta's open-source Code Llama, based on Llama 2.

    • Fine-tuned on a “proprietary dataset of ~80k high-quality programming problems and solutions.”

  • Trained in 3 hours using 32 NVIDIA A100-80GB GPUs. - Phind blog post, code

Of course, it is unclear how good a fine-tuned GPT-4 would be

  • OpenAI just launched GPT-3.5-Turbo fine-tuning, to be fair, so that would be a better comparison.

  • Still, open source may be catching up to OpenAI with, ironically, the help of Mark Zuckerberg's Meta.

2. SpaceX's Crew-7 successfully docks at International Space Station

  • Fully autonomous docking of the Crew Dragon capsule, released into space by SpaceX's Falcon 9 rocket.

    • The ISS travels at 28K km/h, meaning it orbits the Earth in 90 minutes.

  • 4 nationalities among the 4 crew members: U.S., Denmark, Japan, and Russia.

  • “200 science experiments and technology demonstrations to prepare for missions to the Moon, Mars, and beyond.” - The Verge

3. Sidebar is a private community for exceptional leaders with bold goals*

  • Once accepted, Sidebar gives you a Personal Board of Directors, matching you with a small group of brilliant peers.

  • Users can message their group 24/7 and attend fast-paced meetings to solve their biggest challenges at work, faster.

  • Employer reimbursements possible: many Sidebar members get their membership fees covered by their employer.

Why spend a decade finding your people – join Sidebar today. Sign up for the growing waitlist of over 4,000 top senior leaders, and apply to become a founding member. - Sidebar

*Sponsored.

4. China's Evergrande real estate group stock -79% as trading resumes after 17 months

  • $0.6B market cap.

    • Reached -87% on its open. - Reuters

  • Attempting to restructure, with a potential approval by HK and BVI courts in early September.

    • Filed for Chapter 15 bankruptcy on Aug. 17 with the bankruptcy court in Manhattan. - Reuters

    • Unclear whether any shareholder value is left.

  • Net result of -$5.4B in H1 2023. - CNBC

5. Visual: Apple's suppliers are mostly in China but have non-China locations too

Most suppliers have factories in Vietnam and India

India currently represents 7% of all iPhone production

Our view: rather than China decoupling, a China diversification strategy is more likely

  • Too costly to implement a fast China decoupling.

  • Decades would be necessary if one wants to fully decouple, i.e., not need China for anything, as not only do they concentrate most suppliers and factories, but they hold a quasi-monopoly in the production of some commodities too.

6. Survey: China likely to continue with moderate stimuli, no global contagion

Read more: Bloomberg.

7. Friend Tech's usage peaks on Aug. 21, as bots, short-term traders dominate

Read more: Bloomberg.

8. Interesting tweets, memes, and videos

9. Other headlines

AI

  • Air Force requests $5.8B for 1K-2K unmanned AI-powered aircrafts.

Tech

  • WordPress selling 100-year domain packages for $38K.

  • New iPad Pro to feature OLED, M3 chip, new keyboard; launch mid-2024.

  • Silicon Valley elite buys $800M of land to build new city.

  • X Hiring Beta launches, exclusively for Verified Organizations.

  • Instacart files for IPO, H1 revenue +24% to $406M.

  • Superyatchs of the tech elite: a look at.

  • Taipy: build production-ready web applications in no time.*

*Sponsored.

Biotech

Business

  • China stocks close at +1% after being +5.5%.

  • Jackson Hole: Powell, others preach higher rates, humility.

  • BRICS unlikely to challenge U.S. dominance: Noah Smith.

  • Saudi Arabia to offer 30% stake in oil driller Ades in IPO.

Crypto

  • SBF's lawyers again push for release for trial preparations.

U.S. politics

  • Post-debate polls show little change in GOP primary.

  • Trump raises $7.1M after Georgia mugshot.

  • Biden campaign not to focus on Trump's criminal charges.

    • Irritated with Newsom's debate with DeSantis.

  • Ramaswamy wants Elon as advisor if elected president.

    • Platform to encourage two-parent families is coming.

  • No Labels's bipartisan nominating convention in April.

  • San Francisco: Nordstrom closes after 3 decades due to rise in crime.

World

  • Zelensky wants Israeli-like long-term relationship with U.S.

  • Foxconn founder Terry Gou running for Taiwan presidency.

  • Yandex CEO files with EU to have sanctions lifted, after criticizing war.

  • Kremlin says genetic tests confirm Prigozhin's death.

  • Russia launches Sunday attacks in Kyiv, northern region.

  • Commerce Secretary arrives in Beijing preaching unity, responsibility.

  • Israel to have partial laser defenses by 2024.

Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below).

What did you think of today's newsletter?

Login or Subscribe to participate in polls.

Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. You should do your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Bay Area Times team.

Please read our Terms of Service and our Privacy Policy before using Our Service.

Subscribe to keep reading

This content is free, but you must be subscribed to Bay Area Times to continue reading.

Already a subscriber?Sign In.Not now