In partnership with

Sign Up - LInkedin

Get in Front of 50k Tech Leaders: Grow With Us

Happy Monday Team,

Last Week of July is here and so are some of the Democratic Presidential Candidates' Tech Policies. Also, How will OpenAI lose $7B this year and Robotics keep advancing at record speeds. This is what we have today!!!

• 📰 News and Trends.

• Pioneering AI 'Brains' Propel Advanced Robotics Across Industries.

• 🧰 AI Tools (Human Resources II)

• Kamala Harris's Tech Policy Positions as of now.

• OpenAI Faces $5bn Loss in 2024, This is Why.

📰 AI News and Trends

• New Jersey’s $500 Million Bid to Become an AI Epicenter (Wired)

• X, formerly Twitter, has defaulted user data into its AI training pool for Grok, an AI chatbot by Elon Musk. The data-sharing setting is ambiguous, raising questions about its legality under EU privacy laws. A similar plan by Meta was paused in Europe last month due to regulatory concerns (TC)

• Open Source AI Sparks Debate at Y Combinator Event. FTC Chair Lina Khan and other speakers emphasized the benefits of open-source AI for leveling the playing field against Big Tech. They highlighted the importance of fair competition and expressed concerns over Big Tech's control (Wired)

• Apple's new AI features, Apple Intelligence, will miss the initial iOS 18 and iPadOS 18 updates in September, rolling out instead in October. The full rollout will continue into 2025, with iPhone 16 models receiving updates later (Yahoo)

• Donald Trump pledged at the Bitcoin 2024 conference to fire SEC Chair Gary Gensler, appoint pro-crypto regulators, and make the U.S. a global crypto leader. He aims to create a stablecoin framework, reduce enforcement, and attract industry support and donations. (Bloomberg)

🌐 Other Tech news

• The Justice Department claims TikTok collected U.S. user data on issues like abortion and gun control, storing it on Chinese servers. TikTok’s parent company, ByteDance, could manipulate content (APNews)

• Apple has made its first collective bargaining agreement with retail employees in Maryland. The three-year deal includes a 10% pay increase and rules on scheduling and severance. The agreement awaits a vote by 85 employees on August 6. This store is one of two unionized Apple locations in the US, potentially influencing further union efforts (Yahoo)

• Microsoft's analysis of the CrowdStrike outage recommends limiting kernel mode sensors to reduce system crashes and managing updates and other functions in user mode for easier recovery (TheVerge)

• Pinterest, Linkedin Team Up With Publishers To Sell Ads (XM)

Steal our best value stock ideas.

PayPal, Disney, and Nike all dropped 50-80% recently from all-time highs.

Are they undervalued? Can they turn around? What’s next? You don’t have time to track every stock, but should you be forced to miss all the best opportunities?

That’s why we scour hundreds of value stock ideas for you. Whenever we find something interesting, we send it straight to your inbox.

Subscribe free to Value Investor Daily with one click so you never miss out on our research again.

Pioneering AI 'Brains' Propel Advanced Robotics Across Industries.

Recent breakthroughs in artificial intelligence have significantly enhanced the capabilities of advanced robots, transforming industries such as healthcare and manufacturing. Major companies like Google, OpenAI, and Tesla, alongside ambitious startups like ANYbotics, are at the forefront of this technological race. These AI-driven robots now exhibit remarkable abilities such as parkour and complex environmental interactions, largely due to advances in neural networks and generative AI. This evolution enables robots to learn autonomously, increasing their operational scope in diverse settings from factory floors to public spaces. The growth of the robotics sector, driven by both consumer acceptance and technological advancement, sees a notable shift towards the use of humanoids and functional bots in everyday tasks. As the technology continues to evolve, it presents both opportunities and challenges, reflecting the dynamic nature of the AI and robotics industries.

🧰 AI Tools

Human Resources II.

• Zety - Free Cover Letter Generator.

• Moveworks - Gives employees a single place to find information and take action across all enterprise systems.

• Qualtrics - Experience management platform. It aims to measure and improve the experiences users provide to customers as well as stakeholders like vendors, suppliers, employees, and shareholders.

• Qatalog - Answers to your employees’ daily questions are scattered across many files and applications. Qatalog provides a one search bar for your business.

• FRENZ Brainband by Earable - Silence your thoughts and drift into a deeper sleep. —AI-powered, scientifically-backed sleep tech transforming restless nights into restful slumber. Exclusive savings with code 'celis'!*

Kamala Harris's Tech Policy Positions as of now.

Vice President Kamala Harris is likely to be the Democratic presidential nominee and we are waiting to hear how she stands with regards to tech. These are the Key points that have been announced so far:

• Antitrust: Hinted at enforcement but still to be specific about it.

• Privacy: Focused on nonconsensual images, specific policy statements still to be announced.

• AI: Advocates for safe AI innovation, concerned about biases and deepfakes, especially after X purposely sharing a fake video of her.

• TikTok: Opposes a ban, citing national security concerns.

• Crypto: Expected to have a better relationship with the sector than the Biden administration.

• Immigration: Supports high-skilled worker visas.

• Climate: Strong environmental policies, tougher stance on fracking.

Her ties to California's tech industry are strong, but certain specific policies remain to be detailed.

OpenAI Faces $5bn Loss in 2024, This is Why.

OpenAI is projected to spend nearly $7 billion on training and inference costs in 2024, primarily due to heavy usage of Microsoft's servers for ChatGPT. The company operates around 350,000 servers with Nvidia A100 chips, costing approximately $1.30 per server per hour at discounted rates. Training new AI models could add $3 billion to expenses. With a workforce of 1,500, personnel costs are expected to reach $1.5 billion. Despite generating $3.5 to $4.5 billion in revenue, including $2 billion from ChatGPT, OpenAI anticipates a $5 billion shortfall and may need additional funding within a year.