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| Here's a look at today's Dev briefing. - Elon Musk announces the launch of Grok, a new LLM tool.
- Google CEO Sundar Pichai is set to testify in the company's court case against Epic Games.
- Ant Group receives regulatory approval to release a new AI tool in China.
Thank you. Arbër
p/Arber | |
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Elon Musk has announced Grok, a chatbot created by his company, xAI. The chatbot will access real-time data from X to generate answers. More: - Grok will also have internet-browsing capabilities, aiming to help users answer most of their questions.
- According to Elon Musk, the tool will first be available for a limited number of users the company chose and later for the subscribers of X's Premium Plus plan.
- Musk added that the chatbot has been trained with data for two months and surpasses other Large Language Models in terms of its capabilities.
- The LLM's computing power is backed by GPUs from Oracle, which signed a contract with xA earlier this year.
Zoom Out: - The Generative AI market skyrocketed with the launch of ChatGPT in late 2022. The app became the fastest to reach 100 million users in history, achieving the feat in two months.
- The AI generative market is currently valued at $67B but is set to grow to $399B in 2027 and reach $1T in 2030.
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| 2 | | Google CEO Sundar Pichai is expected to testify in Alphabet's trial against Epic Games, set to be held this week. Epic Games claims that Google has a monopoly in the Android app market. More: - If the Federal Court in San Francisco decides against Alphabet, it could lead the company toward enabling external payment and app distribution methods.
- Epic Games, a videogame company known best for making Fortnite, lost a similar case against Apple a few years ago.
- The company recently filed a case with the U.S. Supreme Court to have the dispute reviewed.
- Tim Sweeney, Epic Games CEO, said that the company's legal filing was made in order to help all app developers earn a better share of the profit they generate.
- Alphabet has said that offering developers certain incentives to launch their apps on Google Play is how the store competes with other app markets such as:
- Apple's App Store,
- Samsung Galaxy Store,
- Amazon Appstore, etc.
- The decision will be left in a jury's hands. In case of a verdict against Google, the trial will be transferred to a U.S. district court judge.
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| 3 | | Ant Group has received the green light to launch AI products in China. AI companies in China are required to get a security clearance from the government. More: - The company will now officially launch its Large Language Model named Bailing.
- Ant Group, a company that serves over 1.3 billion users in China through its products, such as AliPay, has been under regulatory scrutiny from authorities in China for the last three years.
- So far, at least 11 companies have received approval from the government to launch AI products in China, including ByteDance(TikTok), Tencent, and Baidu.
Zoom Out: - In 2020, the company was planned to list for an IPO on the New York Exchange and was set to have the largest IPO in history, but the Chinese government halted the move due to financial risk.
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| 4 | | Germany-based AI company Aleph Alpha has raised a $500M funding round. HP, Bosch, and Schwarz Investment Group were the lead investors. More: - The company, founded by a former Apple engineer in Germany, aims to become Europe's answer to U.S.-based incumbents such as OpenAI and Google.
- According to the company's CEO, Jonas Andrulis, Aleph Alpha will focus on LLM use cases for data protection and cybersecurity.
- In addition to private companies, Innovation Park Artificial Intelligence, a public organization backed by the German government, also participated in the funding round.
- Aleph Alpha's last funding round was in 2021 when the company raised $24M.
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- The U.S. has signed a collective agreement with numerous countries to collaborate on limiting the risks from AI and other imminent technologies.
- China-based startup 01.AI has reached a $1B valuation only 18 months after being founded.
- OpenAI's Developer Conference is set to be held today.
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Term of the Day Lien: A lien is a legal tool that allows a lender (a lienholder) to seize and sell a property if a borrower fails to repay a loan. Question of the Week What perks would convince you to return to the office? Join the conversation |
INSIDE DEV LEADERBOARD (ALL-TIME) |
 | Writer | | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. | | This newsletter was edited by Aaron Crutchfield | |
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