May 6, 2024, 2:40 PM

Top News

Aaron Holmes / The Information:
Sources: Microsoft is training a new, in-house AI model that will have ~500B parameters, or large enough to rival top models from Google, Anthropic, and OpenAI  —  For the first time since it invested more than $10 billion into OpenAI in exchange for the rights to reuse the startup's AI models …
Counterpoint Research:
iPhone 15 Pro Max was Q1's best-selling smartphone; Pro phones were 50% of Apple's sales, up from 24% in 2020; Apple and Samsung each had five phones in top 10  —  - Apple and Samsung dominated the list of top 10 best-selling smartphones in Q1 2024.  — This was the first quarter in which the top 10 smartphones were all 5G capable.
Kyle Wiggers / TechCrunch:
Stack Overflow signs a deal with OpenAI to supply data to its models; new integrations between Stack Overflow and OpenAI should be available by the end of June  —  OpenAI is collaborating with Stack Overflow, the Q&A forum for software developers, to improve its generative AI models' performance on programming-related tasks.
Adamya Sharma / Android Authority:
YouTube rolls out Jump Ahead, which uses AI to let users jump to parts of a video where most viewers skip ahead, to all US Premium members using its Android app  —  It's currently available in the US on the YouTube Android app.  —  •  —  TL;DR  — YouTube Premium members in the US …
Emily Nicolle / Bloomberg:
Visa and Allium Labs: less than 10% of the ~$2.2T stablecoin transactions in April were “organic payments activity”, which excludes bots and large-scale traders  —  - Less than 10% of stablecoin transactions are “organic:” Visa  — PayPal, Stripe are among fintechs expanding in stablecoins
Erin Griffith / New York Times:
The increase of stock sales in privately held companies leads to tensions within startups like Stripe; Sacra says the market could grow 40% YoY to $64B in 2024  —  The market for shares of hot start-ups like SpaceX and Stripe is projected to reach a record $64 billion this year.
Aoyon Ashraf / CoinDesk:
Filing: Robinhood's crypto arm got a Wells notice from the US SEC on May 4; on June 27, 2023, Robinhood ended support for tokens named in previous SEC lawsuits  —  The trading platform previously ended support for all tokens that were named in SEC lawsuits against Binance and Coinbase.
Carl Franzen / VentureBeat:
Hugging Face launches LeRobot, an open-source robotics code library, after hiring Tesla scientist Remi Cadene to lead a new open-source robotics project  —  Earlier this year, in March 2024, the AI developer-focused startup Hugging Face — known for maintaining the largest online repository …
Anthony Ha / TechCrunch:
The US announces $285M in CHIPS Act funding for research into semiconductor digital twin development, which may reduce chip development and manufacturing costs  —  President Joe Biden's administration is looking to fund efforts that improve semiconductor manufacturing by using digital twins.

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Anthony Ha / TechCrunch: