🥟 Chao-Down #346 NVIDIA is now the world's most valuable company, New social network Butterfly emerges with AI characters, Eleven Labs shows off AI-generated sound effects from text

Plus, how AI is increasingly used in the back-offices of financial firms to make investment decisions.

Jun 19, 2024

NVIDIA’s historic run continues, and it has now surpassed Apple and Microsoft as the most valuable company in the world.

Interestingly enough, the company is also more valuable than the total market cap of France and the UK! Will the trend continue?

-Alex, your resident Chaos Coordinator.

What happened in AI? 📰

AI fever drives Nvidia’s rise to world’s most valuable company (Reuters)

The ‘Godfather of AI’ emerges out of stealth to back carbon capture startup (Fortune Europe)

AI generated sound effects are here - If you can describe it, we can generate it (elevenlabs.io)

AIs are coming for social networks (The Verge)

Autonomous Vehicles Are Great at Driving Straight (IEEE Spectrum)

AI is promoted from back-office duties to investment decisions (ft.com)

Always be Learnin’ 📕 📖

What do GenZ software engineers really think? (pragmaticengineer.com)

Unlocking the power of unstructured data with RAG (The GitHub Blog)

The bull case for AI startups (Substack)

Projects to Keep an Eye On 🛠

NVIDIA/warp: A Python framework for high performance GPU simulation and graphics (Github)

amplication/amplication: 🔥🔥🔥 Open-source backend development platform. Build production-ready services without wasting time on repetitive coding. (Github)

GitHub - deepseek-ai/DeepSeek-Coder-V2: Breaking the Barrier of Closed-Source Models in Code Intelligence

The Latest in AI Research 💡

Who Validates the Validators? Aligning LLM-Assisted Evaluation of LLM Outputs with Human Preferences (arxiv)

Sycophancy to subterfuge: Investigating reward tampering in language models (Anthropic)

Mixture-of-Agents Enhances Large Language Model Capabilities (arxiv)

The World Outside of AI 🌎

Wells Fargo Bet on a Flashy Rent Credit Card. It Is Costing the Bank Dearly. (WSJ)

Apple shelves new Vision Pro headset model as sales decline (qz.com)

US sues Adobe for ‘deceiving’ subscriptions that are too hard to cancel (The Verge)

YouTube is experimenting with Notes, a crowdsourced feature that lets users add context to videos (TechCrunch)

Is the Web Getting Meaner? No, It Just Feels That Way (Bloomberg)