Techmeme
June 11, 2024, 7:21 PM

Top News

Apple Machine Learning Research:
Apple details two Apple Intelligence language models: ~3B parameter on-device and a larger model on Apple silicon servers available with Private Cloud Compute  —  At the 2024 Worldwide Developers Conference, we introduced Apple Intelligence, a personal intelligence system integrated deeply into iOS 18, iPadOS 18, and macOS Sequoia.
Mark Gurman / Bloomberg:
Kyle Orland / Ars Technica:
Joe Rossignol / MacRumors:
Apple says iOS 18, iPadOS 18, macOS Sequoia, and watchOS 11 will rebrand Apple ID to Apple Account “for a consistent sign-in experience across Apple services”  —  Earlier this year, we reported that “Apple ID” would be renamed to “Apple Account,” and this change has now been officially announced.
Hayden Field / CNBC:
Elon Musk withdraws his lawsuit against OpenAI, Sam Altman, and Greg Brockman, filed in California court in February, for breach of contract and fiduciary duty  —  Elon Musk on Tuesday withdrew his lawsuit against OpenAI and two of the company's co-founders, Sam Altman and Greg Brockman, in California state court.
Bloomberg:
Source: Spotify plans to launch a higher-priced premium plan later in 2024, charging $5+ more per month for better audio, playlist and library tools, and more  —  The plan will cost at least $5 more per month and include access to high-fidelity audio and new playlisting tools.
Usama Jawad / XDA Developers:
Microsoft is removing the Custom GPT Builder feature from the consumer version of Copilot Pro on July 10, just three months after launching the feature  —  Microsoft has decided to retire GPT Builder in Copilot Pro for consumers, just three months after it began rolling out the service broadly.
Josh Tyrangiel / Washington Post:
Q&A with Tim Cook on how AI will help users “save time”, sticking to Apple's values, the Apple Intelligence name, hallucinations, OpenAI, journalism, and more  —  In an interview, Tim Cook explains how Apple's new AI will enhance your work and life, with guardrails.
Ryan Vlastelica / Bloomberg:
Apple shares closed up 7.3% at $207.15 in their biggest one-day jump since November 2022, giving the company a $3.18T market cap, just under Microsoft's $3.22T  —  - The return to all-time high comes after Monday conference  — Shares have underperformed most other big tech names this year
Financial Times:
Paris-based AI startup Mistral raised a €600M Series B led by General Catalyst, sources say comprising €468M in equity and €132M in debt at a €5.8B valuation  —  Price tag has tripled since December for Microsoft-backed AI start-up launched one year ago to challenge OpenAI
Financial Times:
Reuters:
Brazil's government hires OpenAI to expedite the screening and analysis of thousands of lawsuits using AI, providing insights to the solicitor general's office  —  Brazil's government is hiring OpenAI to expedite the screening and analysis of thousands of lawsuits using artificial intelligence …
More: Watcher Guru
Hayden Field / CNBC:
Current and former OpenAI staff are increasingly worried about the company's power over their equity, with no IPO in sight, restrictive company policies, more  —  OpenAI plans to allow stakeholders to sell a portion of their shares every year, but the company, which has been valued at over $80 billion …
More: MarketWatch
Ivan Mehta / TechCrunch:
Google's June Pixel drop adds Gemini Nano to the Pixel 8 and 8a, updated HDR+ support to the Pixel 6 and up, car crash detection on the Pixel Watch 2, and more  —  Google is finally making its Gemini Nano AI model available to Pixel 8 and 8a users after teasing it in March.
Stephanie Stacey / Financial Times:
Raspberry Pi jumped by up to 39% on its London trading debut, hitting a ~£542M market cap, after pricing shares at £2.80, and expects to ship 8.4M PCs in 2024  —  Cambridge-based creator of low-cost computers targets £542mn valuation  —  Shares in British microcomputer …
Bloomberg:
Sources: Intel plans to temporarily delay construction on its $25B plant in Israel, as the company works to pace its investments in factories planned globally  —  The slowdown to Intel's plans is temporary, the people said, asking not to be identified because the information isn't public.
Sarah Butler / The Guardian:
A profile of French secondhand tech marketplace Back Market, which has raised €930M+, generated €320M in 2023 sales, up 45% YoY, and had 4.5M new users in 2023  —  Thibaud Hug de Larauze says sales at his marketplace for refurbished electronics are soaring not just because people need …
Jordan Novet / CNBC:
Oracle reports Q4 revenue up 3% YoY to $14.29B, vs. $14.55B est., net income down 5% to $3.14B, announces deals with Google and OpenAI; ORCL up 7%+ after hours  —  Oracle shares jumped as much as 9% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI …

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The Logan Bartlett Show:
EP 108: Olivier Pomel (CEO, Datadog) Shares Every Lesson From Scaling to $40B
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
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