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Google stuns the world with its new quantum chip

Hi! In today’s edition:

👉 Google redefines the future of computing

👉 OpenAI’s new AI video generator is out

👉 Parents are suing AI company

and many more!

Today’s issue is a 5-minute read.

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Quote of the day

“Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.”

Marie Curie

Must Know

Source: OpenAI | An screenshot of a video generated by Sora

The new era of generating videos with AI

🎥 OpenAI has launched its super realistic AI video generator called Sora, which is now available to everyone in the United States. This tool allows users to create videos just by typing a description, like "a family of mammoths in a desert".

Sora was first shown to a small group of artists and testers earlier this year, but now anyone can use it. However, OpenAI's website faced heavy traffic, making it hard for some users to sign up right away.

Sora is part of OpenAI's efforts to expand beyond its popular chatbot, ChatGPT. While the tool has exciting features, some early testers found it had issues with realistic movement and physics. OpenAI is also putting safety measures in place to prevent misuse, like blocking certain types of content.

Source: The Verge | Google’s Willow quantum computing chip

Once again, Google redefines the future of computing

Google has announced a major breakthrough in quantum computing with its new chip called Willow. This chip can solve complex problems in just 5 minutes, a task that would take the fastest supercomputers about 10 septillion years 🤯, much longer than the age of the universe!

⚛ Willow has 105 qubits, which are special units that help quantum computers work faster than traditional ones. Google aims to use quantum computers for important tasks like drug discovery and improving battery technology.

📉 The company has also made progress in reducing errors that often happen in quantum computing. By connecting qubits in a new way, Google can correct mistakes as they occur, making the technology more reliable. This achievement is a big step toward creating practical quantum computers that could change how we solve difficult problems in the future.

Source: Bloomberg

Parents are suing character ai

⚖ Two families have filed a lawsuit against character ai, claiming that the platform exposed their children to harmful content and encouraged dangerous behaviors. The lawsuit, filed in Texas, argues that character.ai presents a serious risk to young users, leading to issues like self-harm, depression, and even thoughts of violence.

One example included a chatbot suggesting to a teenager that he could harm his parents 😲 for limiting his screen time. The lawsuit follows another case where a mother blamed character ai for her son’s suicide, alleging that the AI bots manipulated him emotionally.

💬 Character.ai allows users to chat with various AI personalities, but many interactions have raised concerns about inappropriate content. The families are asking the court to shut down the platform until it can ensure safety for minors. In response, character ai has stated that it is working on new safety measures to protect young users.

⚡Speed-Round: The Most Impactful Stories

Source: The NY Times | Mustafa Suleyman, Microsoft AI CEO

Microsoft AI CEO, Mustafa Suleyman, predicts that artificial general intelligence (AGI) could be achieved within 5 to 7 years, but he believes it will require more advanced hardware than currently available, specifically stating that it cannot be done with Nvidia's GB200 chips. This contrasts with OpenAI CEO Sam Altman's view that AGI is achievable with existing technology by 2025.

Source: Reddit

Reddit has introduced an AI-powered search feature called "Reddit Answers", allowing users to find information directly from the platform without using Google. This feature provides summarized responses to questions from discussions across public subreddits, presenting multiple bullet points linked to original threads for context. It is currently in beta for a limited number of US users.

Top-levels

Source: Gemini | AI-generated

Markets & Business

RIVN

$14.45

+11.2%

HSY

$193.65

+11%

BTC

$97,636

🔼🔽

Dow

$44,402

-0.5%

Nasdaq

$19,736

-0.6%

S&P 500

$6,053

-0.6%

NVDA

$138.81

-2.5%

CEG

$239.85

-5.4%

VST

$148.31

-7.3%

Data is provided by Investopedia and Google Finance.
Stock data as of market close, cryptocurrency data as of 6:45am ET

  • 📉 Nvidia's stock fell following China's announcement of an investigation into the company for alleged violations of anti-monopoly laws.

  • ✈ Boeing lays off nearly 400 employees in Washington and 500 in California as part of cuts announced previously.

  • 💰 MicroStrategy bought another $2.1 billion worth of Bitcoin. The company now holds 423,650 bitcoin, which is worth around $41.5 billion.

  • 📈 Reddit's stock reached an all-time high on Monday after analysts at Morgan Stanley upgraded their rating, emphasizing various growth opportunities for the platform as it approaches 2025.

  • 🚙 Rivian, the famous EV maker and one of the biggest Tesla competitors, breaks records with a huge surge in stock (+11%) price on Monday after Benchmark, an investment bank, began coverage of the stock with a “Buy” rating and set a positive price target of $18.

Science & Tech News

  • 🚀 Blue Origin, Jeff Bezos space company, says it’s on track to launch its New Glenn vehicle by the end of the 2024 and it is waiting for regulatory permissions.

  • 📱 Next year’s iPhone 17 Air continues to get more spec leaks. Apparently, it is going to be 25% thinner, which makes it the Apple’s thinnest phone yet.

  • Yelp is introducing a new AI-driven review insights feature, a customized home feed featuring diverse content types, and an upgraded inbox designed for business owners.

  • Aqemia, a French startup that’s mixing “quantum-inspired physics” with machine learning to discover new drugs, has raised $38 million in a fresh round of funding.

Did You Know?

🦐 The heart of a shrimp is located in its head!

🐋 You can hear a blue whale's heartbeat from over 2 miles away.

🌍🤸‍♂️ It would take 19 minutes to fall to the center of the Earth.

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