Good morning!! Another week, another billion dollar AI startup announcing a new product. What else is new?

Anthropic throws down with Claude 3 against Open AI’s ChatGPT 🥊

Quick tl;dr on Anthropic - ambitious sibling duo Dario and Daniela Amodei disagreed with how their former employer, Open AI, operated and went on to found a company that provides “AI research and products that put safety at the frontier”, raising investments from Amazon and Google that sum up to $6 billion. Their newest offering is the Claude 3 family of models, performing above expectations against its peers (GPT4 and Gemini 1.0 Ultra in this case) in nearly every category.

Now with Anthropic and Apple’s rumored entry into the ring, it’s going to get spicy for sure. How will each company define it’s moat? What will be the core value prop of each company? How will they differentiate/specialize? Competition is always exciting (and super helpful) for us as the consumer, so I really hope the incumbents take the opportunity to really lean into exploring innovative solutions that’ll make them stand out.

Bitcoin makes a mad dash to hit $69k USD (noice) before pulling back

Overall, call me a skeptic for all things crypto/web3/dapps/whatever the hell these things are, but keeping tabs on the market movements of cryptocurrencies and the underlying trends is definitely still valuable. Bitcoin recently hit its all time high and that drove me to dig a bit about what was going on in that world to see why.

It pretty much comes down to two main things that’s happening right now in magic internet money-land:

1. Bitcoin ETFs from several large-scale and legit funds

2. The next “halving” of Bitcoin is coming up

Regulators allowing Bitcoin ETFs and large funds starting cryptocurrency related funds is pretty self explanatory. More new money = markets go up! But the “halving” of Bitcoin is a bit more complicated. Bitcoin is deflationary (aka the amount of “stuff” you can buy with the currency goes up over time as vsinflationary, where the amount of “stuff” you can buy goes down over time) due to the maximum limit of 21 million coins that can ever exist. Due to that, the rewards that miners (computers that solve complicated math to validate transactions) obtain are cut in half (hence the halving) approximately every 4 years to keep us on track. Since supply gets cut, demand rises, and the price rises alongside it.

Lightning Round

• US army uses LLMs to play Starcraft in order to test out battle strategy

• Madonna uses Runway, another text to video generator that’s already out in the wild, to augment her work.

Quick Tips

• Bluebeam protip courtesy our in-house project coordinator soon to be project manager:

  • Use alt-z to automatically resize a shape to fit the text!