OpenAI Isn't Yet Working Toward an IPO, CFO Says (4 minute read) OpenAI's Chief Financial Officer, Sarah Friar, said the company is not planning to IPO in the short term. It will instead prioritize growth and R&D over profitability. OpenAI is hoping the government will support its offers to increase data center capacity by helping to guarantee the financing for the chips behind its deals. The depreciation rates of AI chips are uncertain, making it more expensive for companies to raise the debt needed to buy them. Friar claims OpenAI could reach profitability on very healthy gross margins if it weren't seeking to invest so aggressively. | | Thoughts by a non-economist on AI and economics (20 minute read) METR data shows AI task completion capabilities doubling every 6 months, meaning if today's models handle 2-hour tasks, they'll handle 8-hour tasks in a year and full workdays in 18 months. Under more modest projections, where 9% of tasks are automated each year, industrial revolution-scale gains will come within the next two decades. | | Enabling Trillion-Parameter Models on AWS EFA (12 minute read) Perplexity published code enabling trillion-parameter mixture-of-experts models to run efficiently across multiple AWS servers for the first time, opening up less advanced data centers to AI inference. The challenge is that large models, even many open weights models, are too large to fit on single servers, but AWS' networking hardware was too slow for the constant inter-server communication these models require. | Structured Output in Gemini API (2 minute read) Google enhanced the Gemini API with expanded JSON Schema support and improved property ordering, making structured outputs more reliable for use in multi-agent workflows and database tasks. | | Pinterest CEO touts open source AI: 'tremendous performance' with reduced costs (4 minute read) Pinterest plans to move forward with open source models for its various use cases. They come at a fraction of the cost of the larger model providers, and they deliver value to users effectively. The company will be observing user feedback to see if people actually want AI shopping agents before implementing them. The company is planning to roll out personalized boards curated with AI. | | | Love TLDR? Tell your friends and get rewards! | | Share your referral link below with friends to get free TLDR swag! | | | | Track your referrals here. | | Want to advertise in TLDR? 📰 If your company is interested in reaching an audience of AI professionals and decision makers, you may want to advertise with us. Want to work at TLDR? 💼 Apply here or send a friend's resume to jobs@tldr.tech and get $1k if we hire them! If you have any comments or feedback, just respond to this email! Thanks for reading, Andrew Tan, Ali Aminian, & Jacob Turner | | | |
0 Comments