💡 Apple's Worst Ever Q1 Start

Plus: Google and MIT Introduce SynCLR

January 08, 2024

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🚨Latest Developments

📉 Apple's Worst Ever Start to Q1

Source: Deviant Art

Big Takeaway: Apple’s stock was down 0.4% on Friday for the 5th straight day of losses, which marks the worst start to a year in Apple’s history.

The drop follows the New York Times Report that the Justice Department is moving closer to an antitrust case against Apple.
This adds to Apple’s mounting challenges, like dwindling iPhone sales and patent disputes over the Apple Watch.
Apple's value is down $155B+ in one week but it's still the world's most valuable company at $2.83T but Microsoft closing in at $2.73T.

Which company is more valuable to you? And why?

(Select one)

🔬Google and MIT Researchers Introduce SynCLR

Source: Seeklogo

Big Takeaway: Google Research and MIT CSAIL study using synthetic data from generative models for visual representation instead of expensive curated datasets.

SynCLR takes advantage of model controls like latent variables, conditioning variables, and hyperparameters to create synthetic data.
SynCLR models can generate unlimited, varied samples, which are much cheaper and easier to store and share than raw data.
The proposed 3-stage system is: synthesize a large number of image captions; generate 600 million synthetic images and captions; train representations with contrastive learning.
What this means: SynCLR has developed a system that can match or exceed state-of-the-art methods across a range of benchmark tasks. Showing the promise of this type of self-supervised learning at a much cheaper cost.

🔎Extra Insights

🔋 Semiconductor industry highest ever growth thanks to AI

The semiconductor industry had its best year since 2009, with the Philadelphia Stock Exchange Semiconductor Index surging 65% in 2023. The crucial role chipmakers like Nvidia played in advancing AI capabilities was a major contributor to this growth. (Full article here)

🏴󠁧󠁢󠁥󠁮󠁧󠁿 Judges in England and Wales given approval to use AI in writing legal opinions

Due to possible disinformation, the Courts and Tribunals Judiciary in England has permitted judges' use of AI for opinion writing with caution, but not for legal research or analysis. (Full article here)

💸 AI-powered search engine Perplexity AI series B funding round

Perplexity raised $73.6 million in Series B funding led by IVP with participation from existing and new investors, including NVIDIA, Jeff Bezos, and others. Perplexity has grown to 10 million monthly active users in just one year since launch. (Full article here)

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💡 Apple's Worst Ever Q1 Start

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