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Top stories today:
- Rewind rebranding as Limitless AI, announces Pendant release in Aug.
- X reportedly tells Brazil court it will comply with rulings
- China GDP +5.3% YoY in Q1, ahead of estimates of 4.8%
- 269K EVs sold in U.S. in Q1, +3% YoY but -7% QoQ
- Gemini Ultra cost $191M to train: 2024 AI Index Report
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. Rewind rebranding as Limitless AI, announces Pendant release in Aug.
Their goal is to be a personalized AI that reads and listens to everything you do:
Initial focus are meetings: preparation, transcriptions, real-notes, and summaries.
Mac, Windows, web apps already available.
The Pendant and iPhone/Android apps will be available āsoon,ā hinted at H2
Their 10-min presentation is worth a watch
Our view: this looks like a more useful version of Humane Ai Pin, at 1/7 the price
Humaneās Ai Pin costs $699 and focuses on the user talking to the device while off-screen, having gathered negative reviews by most testers.
2. X reportedly tells Brazil court it will comply with rulings, even as Elon remains defiant
According to Reuters, X lawyers wrote that āX Brasil informs that all orders issued by this Supreme Court and the Superior Electoral Court will continue to be fully complied with by X Corp.ā
Moraes previously issued a secret order to X demanding it take down certain accounts linked to the opposition.
On X, Elon publicly accused Brazilian Supreme Court justice Alexandre de Moraes of violating laws
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4. China GDP +5.3% YoY in Q1, ahead of estimates of 4.8%, as industrial production, retail sales disappoint
Industrial production: 4.5% YoY, vs. 6.0% expected, from 7.0% in the previous quarter.
Retail sales: 3.1%, vs. 5.1%, from 5.5%.
5. 269K EVs sold in U.S. in Q1, +3% YoY but -7% QoQ, as Tesla maintains 51% market share
6. Gemini Ultra cost $191M to train: 2024 AI Index Report
AI is also helping medicine: the number of AI-powered medical devices approved by the FDA jumped to 139
Read more: 2024 AI Index Report.
7. 20K+ sextortion cases reported by service providers in 2023
At least 27 minors killed themselves due to sextortions since Oct. 2021, according to the FBI.
8. Interesting videos, posts, and memes
9. Other headlines
AI
Microsoft to invest $1.5B in UAE AI investment firm G42.
G42 made secret pact with U.S. to divest from China before deal.
Deepmind CEO: Google to invest $100B+ in AI over time.
Meta may launch Creator AI, custom chatbots for top influencers.
Ernie Bot reaches 200M users, from 100M in Dec.: Baidu.
Adobe may allow 3rd-party AI tools like Sora inside Premiere Pro.
Acrobat AI assistant released at $5/mo.
Upstage, Korea-based AI for work, raises $72M Series B.
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Tech
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Tech & law
TikTok former employees say company worked closely with China parent.
Threads being shut down in Turkey after order from authorities.
Zuckerberg won't be personally liable in Meta addiction lawsuits.
Biotech
Longevity investments hit $3B in 2023.
Longevity vacations: a detailed report.
Business
Ticketmaster parent Live Nation may be sued by DOJ.
Chess GM Firouzja accused of making noises with shoe to distract Nepo.
Crypto
U.S. politics
Ukraine, Israel, Taiwan aid vote likely to be split in House.
Trump's 1st day of criminal trial includes voir dire.
āRustā armorer sentenced to 18 months for fatal shooting.
World
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