AI and Tech World Updates: From Crypto Boom to GPT-5 Launch

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7d ago 3:55

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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.Pure Crypto, a fund of funds based outside Chicago, is planning to raise funds for what they believe will be the last big crypto boom. They have seen significant appreciation in their first fund, launched in 2018, and now manage around $100 million. They predict that this cycle will be the last chance for investors to see significant returns before the industry becomes mainstream and less volatile. The founders, Jeremy Boynton and Zachary Lindquist, are confident in their ability to raise funds based on their track record, despite not having taken in any investments yet for their fourth fund. Boynton also manages Laureate Wealth Management, which handles the finances of 19 family offices in the U.S. with net worths ranging from $10 million to $50 million. Pure Crypto's strategy involves allocating capital to a select few highly vetted crypto funds, with a focus on multicoin as a core part of their strategy. They believe that this cycle will be the last opportunity to achieve substantial returns before the industry becomes less exciting or mainstream. The crypto market is currently facing regulatory scrutiny, with laws being passed to regulate stablecoins and define which financial agencies should oversee different parts of the market. Despite these challenges, Pure Crypto is confident in their ability to raise funds and capitalize on what they predict will be the final significant gains cycle in the digital assets industry.Jeremy Kahn's article profiles Aravind Srinivas, the founder of Perplexity, who recently launched an AI-native web browser called Comet. Intel's new CEO, Lip-Bu Tan, announced a shift away from leading-edge chip production in favor of focusing on profitability. Microsoft CEO Satya Nadella addressed job cuts amidst record profits and bold AI investments. Walmart showcased their "super agents" at an event in New York City, aiming to revolutionize customer service and employee efficiency. Additionally, Fortune's AIQ series explores AI's impact on various industries, from retail to energy to law. GPT-5 is set to launch in August, Elon Musk's influence on Tesla investors is highlighted, and Google's AI overviews are compared to traditional search methods. Solo VC Elad Gil is rumored to be raising a $1.5 billion fund, and the dominance of AI in Washington D.C. is noted.In this issue of Lore Brief, rumors about the release of GPT-5 from OpenAI in August are discussed, with industry chatter suggesting significant advancements. Lovable, an AI startup, claims to have reached $100 million in annual recurring revenue within eight months, showcasing fast growth and improved coding capabilities. Microsoft unveiled GitHub Spark, a feature powered by Copilot that aims to democratize software development for non-technical users. Meta revealed a neural wrist technology that interprets muscle signals for hands-free device control. The AI talent wars are intensifying, with Microsoft recruiting scientists from Google DeepMind and Meta hiring key researchers from the same company. Google's VEO 3 video generation model created a polished advertisement for IKEA from a single prompt, showcasing its potential for cost-effective commercial video content. Heygen demonstrated their Avatar IV model, which can turn a single photo and audio file into a singing avatar for engaging video content creation.The Stratechery content from the week of July 21, 2025, featured discussions on exaggerated rumors of Google's demise, the impact of AI on content and community, and the role of computers as entertainment machines. The article highlighted the importance of Google's investment in AI infrastructure, the changing landscape

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