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The Latest in AI, Tech, and VC Humor: A Recap from OWITH.ai

The Latest in AI, Tech, and VC Humor: A Recap from OWITH.ai

Released Tuesday, 2nd April 2024
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The Latest in AI, Tech, and VC Humor: A Recap from OWITH.ai

The Latest in AI, Tech, and VC Humor: A Recap from OWITH.ai

The Latest in AI, Tech, and VC Humor: A Recap from OWITH.ai

The Latest in AI, Tech, and VC Humor: A Recap from OWITH.ai

Tuesday, 2nd April 2024
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. In recent news, Aaron Levie, the CEO of Box, had a realization about the potential of OpenAI's ChatGPT to revolutionize his business. Initially underestimating the impact of large language models (LLMs), Levie later saw how they could unlock powerful capabilities for his company. LLMs allow for tapping into unstructured data, eliminating the need for data to be structured and tagged in a database. This advancement led to the creation of hubs, a visual dashboard that can organize scattered documents into relevant categories. Levie emphasized the importance of understanding the tech industry's evolution to develop an effective AI strategy. Moving on to other tech updates, Microsoft has unbundled Teams from its Office suite to avoid antitrust scrutiny, OpenAI previews voice cloning technology, and Google will destroy incognito user data collected through Chrome. The newsletter also includes updates on Trump Media & Technology Group and discussions on humor in the venture landscape, the AI sector, and Tesla's advertising policy change amidst stock fluctuations. Elon Musk's legal support for individuals facing repercussions for their social media activity is highlighted, including a recent case at Block, a company founded by Jack Dorsey. The email encourages sharing and subscription to Fortune's newsletters for more business updates.Switching gears to a humorous note, Gary Marcus shared an April Fool's Day joke claiming to have early access to GPT-5 from OpenAI. He praises the AI model's capabilities, including its ability to run on licensed data to compensate artists and writers, and its lack of errors or hallucinations. Marcus expresses excitement about writing more on the topic and encourages readers to upgrade to a paid subscription for more content. The message concludes with a note that it was written on April Fool's Day, leaving room for some of the claims made to potentially come true in the future.In other news, Coinbase faced a setback after its motion to dismiss the SEC's lawsuit was rejected by Judge Katherine Failla of the Southern District of New York. The decision forces the proceedings to move to the next phase of the trial, where discovery will take place. Failla rejected Coinbase's arguments, including that its self-custody wallet doesn't make it a broker. The SEC claims that Coinbase is offering unregistered securities. The trial will focus on whether the crypto assets offered on Coinbase are securities and if Coinbase is operating as an unregistered exchange and broker. Coinbase has the option to drag out the discovery process or immediately appeal the decision. The outcome of the trial could have significant implications for the crypto industry.Lastly, VC humor is a topic that is often debated in the venture and startup landscape. Shows like Silicon Valley have portrayed VCs as funny characters, but the humor created by VCs themselves can be hit or miss. Some find VC podcasts informative but cringeworthy, while others enjoy mockumentary series like Bubbleproof. VC David Cowan believes that VCs are funny in a "laughing-at-you" way due to their commitment to getting laughs. Humor is seen as risky but important in the world of venture capital, with holiday videos and other forms of humor being investments in acknowledging its significance. Ultimately, whether VCs are funny or not depends on personal preference, but given the volatility and outlandishness of the industry, humor can play a key role in navigating the landscape.

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