AI and Tech Updates: Lore's Transformation, Goldman Sachs' VC Move, and DOJ Seizes $15B in Bitcoin

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2d ago 2:27

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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. After three years of the Lore Brief newsletter, a new partnership was announced by Nathan Lands and Jesse Tinsley to transform Lore into an AI infrastructure company. Their focus is on acquiring, investing in, and developing data centers to help America and its allies compete with China in the AI race. This new direction was made possible by the support of readers over the past three years.Goldman Sachs' acquisition of Industry Ventures, a venture capital firm with $7 billion in assets under management, is significant as it signals the increasing importance of VC in propelling the growth of Wall Street banks. This deal reflects the trend of financial firms reaching further into private company dynamics and blurring the lines between public and private markets. Goldmans' belief in rounding out their platform and focus on secondaries as a "secular growth opportunity" suggests that private market opportunities have never been bigger.The U.S. Department of Justice seized $15 billion worth of bitcoin from a scammer involved in a "pig butchering" operation in Cambodia. OpenAI CEO Sam Altman announced that ChatGPT will soon have a more engaging personality, allowing for more spirited interactions. A new threat called "pixnapping" targets Google Android users, stealing sensitive data including 2FA codes. In other tech news, Walmart partners with OpenAI, Intel debuts an AI chip, Oura is valued at $11 billion, Microsoft ends support for Windows 10, Spotify and Netflix partner for vodcasts, Meta updates Instagram teen accounts, and custom shoppable TV screensavers are coming to DirecTV.JPMorgan CEO Jamie Dimon is praised for his mentorship of women, with many women leaders considering him an important mentor. The U.S. Supreme Court may keep Trump's tariffs in place due to the logistical difficulty of undoing them, despite the fact that they are considered illegal. Additionally, Trump is preparing to eliminate certain government programs permanently if Congress does not pass his spending bill. OpenAI will allow "erotica for verified adults" following improvements in mental health safeguards. The markets showed mixed performance with S&P 500 futures up, while the UK's FTSE 100 and Japan's Nikkei 225 were down. Kamala Harris expressed that her presidential run was not her finale, and big food companies are focusing on protein-packed products. Bitcoin was up to $112.9k. Stay tuned for more updates on AI and tech developments.

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