Tech Meme

Christopher Mims / Wall Street Journal: How parametric insurance startups use data science and AI to limit their liability, as climate change makes typical kinds of coverage unprofitable  —  A new breed of insurer is finding opportunity as larger companies exit some markets  —  If floodwaters outside a warehouse in Freeport … Lees verder op Tech Meme

Sean Hollister / The Verge: Lead attorneys for Epic and Google say Tim Sweeney and Sundar Pichai met for an hour on December 7 and the meeting “did not result in a settlement”  —  “These meetings did not result in a settlement.”  —  Also new: This is the final verdict form (pdf) the jury will use to decide Epic v. Google. Lees verder op Tech Meme

Ben Cohen / Wall Street Journal: Nvidia’s stock has beaten every other stock in the S&P 500 this year and is on pace for the best annual performance of any major stock in the past decade  —  Jensen Huang, the CEO of the year’s most successful company, has a theory about the superpower of entrepreneurs Lees verder op Tech Meme

ChatGPT / @chatgptapp: OpenAI says it is aware of feedback about GPT-4 getting “lazier” and is “looking into fixing it”, and explains that model behavior can be unpredictable  —  we’ve heard all your feedback about GPT4 getting lazier! we haven’t updated the model since Nov 11th, and this certainly isn’t intentional. model behavior can be unpredictable, and we’re looking into fixing it 🫡 Lees verder op Tech Meme

Spencer Soper / Bloomberg: Amazon files a motion to dismiss FTC’s lawsuit, arguing the agency relies on anecdotal evidence and fails to prove that Amazon’s practices hurt consumers  —  The US Federal Trade Commission’s antitrust case against Amazon.com Inc. relies on anecdotal evidence from a handful of online merchants … Lees verder op Tech Meme

Washington Post: The EU AI Act includes restrictions for foundation models, with some proprietary models classified as having “systemic risk” subjected to additional obligations  —  The regulation paves the way for what could become a global standard to classify risk, enforce transparency … Lees verder op Tech Meme

Reuters: Malaysia’s YTL Power partners with Nvidia in a $4.3B investment deal to create AI infrastructure in the country, including building a supercomputer in Malaysia  —  Malaysian conglomerate YTL’s utilities unit (YTLP.KL) will partner with U.S technology giant Nvidia (NVDA.O) … Lees verder op Tech Meme

Reuters: Axel Springer ends a deal to pre-install its Upday news aggregator on Samsung devices and plans to relaunch Upday in 2024 as an AI-driven “trend news generator”  —  Axel Springer is shutting down the news outlet Upday, the German publishing giant said on Friday … Lees verder op Tech Meme

Cory Weinberg / The Information: a16z-backed D2iQ, a cloud infrastructure startup formerly known as Mesosphere, is shutting down; D2iQ raised $250M and was valued at $775M in 2018  —  Andreessen Horowitz-backed D2iQ, a cloud infrastructure startup formerly known as Mesosphere and which was once popular with software developers, is shutting down. Lees verder op Tech Meme

Amelia Pollard / Bloomberg: Near Intelligence, which provides data insights to companies, files for bankruptcy with plans to sell itself; Near went public via a SPAC merger in 2022  —  – Company, listed on the Nasdaq in March, plans to sell itself  — Lender Blue Torch to provide opening bid and financing Lees verder op Tech Meme