Microsoft declares OpenAI as competitor

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Here's a quick look at today's AI briefing

Microsoft declares OpenAI as competitor

Microsoft has officially listed OpenAI as a competitor in AI, search, and news advertising in its latest annual report, signalling a shift in their relationship. Despite Microsoft being the largest investor and exclusive cloud provider for OpenAI, both companies are now encroaching on each other’s market territories. An OpenAI spokesperson indicated that their competitive dynamic was always expected as part of their partnership, and Microsoft still remains a strong partner for OpenAI.

Meta shares pop on revenue and earnings beat

Meta's shares surged by about 7% in extended trading after surpassing Wall Street's revenue and profit expectations and providing an optimistic forecast for the current period. The company reported a 22% increase in second-quarter revenue to $39.07 billion and a 73% rise in net income, attributing the growth to gains in the digital ad market and cost-cutting measures. Meta continues to invest heavily in AI and VR technologies, with plans for significant capital expenditure growth in 2025 to support AI research and development, despite a broader downsizing effort.

Reddit CEO says Microsoft needs to pay to search the site

Reddit CEO Steve Huffman announced that companies like Microsoft need to pay to access Reddit’s data, similar to deals already made with Google and OpenAI. Reddit has tightened restrictions on web crawlers, blocking those without agreements, which led to Reddit results being excluded from Bing searches but remaining in Google. Huffman criticized Microsoft for using Reddit's data to train AI without consent, pointing out that the traditional value exchange between search engines and content providers has evolved.

Other News

• Google has unveiled three new models to the Gemma 2 lineup, building on the original models released in June 2024, focusing on performance and safety enhancements.

• The SEC charged Abraham Shafi, founder of IRL, with fraud for allegedly deceiving investors about the app's growth and misusing company funds for personal expenses.

• Zuckerberg says Meta will need 10x more computing power to train Llama 4 than Llama 3.

• Microsoft's AI business is booming, with TikTok as a major customer. TikTok spent $20M/month on Azure OpenAI Service, accounting for 25% of its $1B annual revenue. Read that again, there’s an M after $20. Other big spenders include Walmart, Intuit, and G42.

• Google released Gemma 2’s 2B version alongside SheildGemma (safety tool) and GemmaScope (interpretability tool).

• Hollywood video game performers will go on strike Friday over what they consider a lack of protections against AI. The labor action is the second by video game voice and motion capture actors under SAG-AFTRA.

• Yum! Brands announced plans to bring voice AI tech to hundreds of Taco Bell drive-thrus by year-end. For about two years, the company has been testing the third-party technology, which is currently in about 100 restaurants across 13 states.

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💡What else are we reading and seeing?

• OpenAI vows to provide the US government early access to its next AI model

• Intel faces possible class action lawsuit over crashing CPUs

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• The best AI search engines to try in 2024

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