Elon Makes $97B Bid For OpenAI

Google’s AI chief calls DeepSeek’s claims ‘exaggerated,’ Macron pushes for AI regulation reforms, and China registers over 450,000 smart robotics firms.

Welcome back to your daily dossier talking AI, robotics, crypto and the future of tech. 👾

In today’s edition we are tackling the following:

👾 Musk and investors offer $97.4B to take control of OpenAI.
🔍 Google-backed AI partnership launches with $400M+ to support open research.
🤖 MIT unveils robotic insect drones that fly faster and longer than previous models.
⚖️ Trump’s new tariffs create uncertainty for Bitcoin, Ether, and Dogecoin.
💰 Bitcoin mining difficulty hits another all-time high, raising concerns for miners.

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AI

  • Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI

    • Elon Musk and investors have made an unsolicited $97.4 billion bid to acquire the nonprofit entity controlling OpenAI.

    • The offer challenges Sam Altman's leadership, who quickly rejected it, reaffirming that no individual can control OpenAI.

    • Musk's group, including xAI, is prepared to match higher bids and seeks fair compensation for the nonprofit's assets.

  • Google AI Chief Says DeepSeek's Cost Claims Are 'Exaggerated'

    • Google's AI Chief expressed skepticism over DeepSeek's claim of developing its AI system for under $6 million.

    • He labeled the figure as "exaggerated and a little bit misleading," questioning the cost-efficiency of their model.

    • This statement adds to discussions about the competitive landscape between major tech companies and emerging AI firms.

  • Google-Backed Public Interest AI Partnership Launches

    • A new public interest AI partnership, backed by Google, has been launched with over $400 million pledged.

    • The initiative aims to promote collaboration and transparency in AI research and development.

    • It seeks to ensure that advancements in artificial intelligence benefit the broader public and adhere to ethical standards.

ROBOTICS

  • MIT builds swarms of tiny robotic insect drones that can fly faster

    • MIT scientists have developed robotic insects capable of flying 100 times longer than earlier models, enhancing their endurance and agility.

    • These drones are designed to assist in pollination, potentially increasing crop yields without environmental harm.

    • The improved design reduces wing stress during flight, making them lighter and more efficient.

  • China registers over 450,000 smart robotics firms

    • As of December 2024, China has registered 451,700 companies in the intelligent robotics sector, with a total capital of 6.44 trillion yuan.

    • This marks a 206.73% increase since 2020, indicating rapid growth in the industry.

    • The majority of these firms are concentrated in scientific research, IT services, and wholesale & retail businesses.

  • From bridges to oil and defense, robots fix on aging infrastructure

    • Robots are increasingly being used to inspect and maintain aging infrastructure, such as bridges, oil rigs, and defense facilities.

    • These machines can access hard-to-reach areas, improving safety and efficiency in maintenance tasks.

    • The adoption of robotics in infrastructure management is expected to grow, addressing challenges posed by deteriorating structures.

CRYPTO

  • New Trump Tariffs Spell Caution for Bitcoin, Ether, Dogecoin Bets

    • President Trump's new tariffs on steel and aluminum imports introduce economic uncertainty, potentially escalating trade wars.

    • Such events tend to impact bitcoin and the broader crypto market as investors move away from risk assets to safer investments.

    • Ether could be further impacted as sentiment for crypto fades, adding to an already tumultuous year for the asset.

  • Supreme Court lawyer Tom Goldstein rearrested

    • Tom Goldstein, a prominent Supreme Court lawyer, was rearrested after allegedly transferring millions in undisclosed cryptocurrency.

    • Prosecutors argue these hidden assets indicate a potential plan to flee, leading to his detention as a serious flight risk.

    • Goldstein faces multiple tax-related charges linked to his poker career and is now held in federal custody pending trial.

  • Bitcoin Mining Difficulty Rises to Yet Another All-Time High

    • Bitcoin's mining difficulty has reached a new all-time high, increasing the computational power required to mine new blocks.

    • This rise in difficulty can strain mining companies' profits and may lead to selling pressure in the market.

    • The increased difficulty reflects the growing competition among miners and the network's commitment to maintaining a consistent rate.

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CONTENT

  • OpenAI researcher on why soft skills are the future of work

    • Karina Nguyen, an OpenAI researcher, discusses how soft skills are becoming crucial as AI reshapes industries and the workforce.

    • She explains how OpenAI builds products, the role of synthetic data, and differences in approach between OpenAI and Anthropic.

    • The conversation covers AI’s impact on creativity, trust-building in AI models, and how soft skills will shape future AI-driven careers.

  • Will OpenAI Go Open Source? (Clip)

    • The Startup Podcast explores how DeepSeek’s rapid rise in AI development has influenced OpenAI’s approach to openness.

    • Hosts debate whether OpenAI might move toward open-source models or maintain its competitive edge with proprietary tech.

    • The discussion highlights strategic moves by AI companies to balance innovation, transparency, and monetization.

  • Deepseek is Not a Threat to OpenAI

    • Snowflake CEO Sridhar Ramaswamy argues that DeepSeek does not pose a serious threat to OpenAI’s dominance in AI.

    • He provides insights into Snowflake’s AI strategy, the competitive landscape, and lessons from Google's advertising growth.

    • The episode explores AI’s impact on business sustainability, investment trends, and innovation in enterprise software.

AND MORE…

  • Apple gets into AI: all the news on iOS 18, macOS Sequoia, and more

    • Apple has introduced the Apple Intelligence suite in iOS 18, featuring generative AI tools like Image Playground and ChatGPT integration.

    • The update includes writing tools that allow users to rewrite text in various styles, enhancing user experience.

    • iPadOS 18 now features a calculator app and equation-solving capabilities in notes, while watchOS 11 monitors for sleep apnea.

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  • Macron urges Europe to fix its regulations to get back into the AI race

    • French President Emmanuel Macron advocates for streamlined European regulations to enhance competitiveness in AI development.

    • He emphasizes the need for increased investment and collaboration among European nations to keep pace with global advancements.

    • Macron highlights the importance of creating a supportive environment for AI innovation within Europe.

  • Is AI making us dumb?

    • The article explores concerns that reliance on AI tools may diminish human cognitive abilities and critical thinking.

    • It discusses the potential for AI to oversimplify complex tasks, leading to a decrease in problem-solving skills.

    • The piece calls for a balanced approach to AI integration, ensuring it complements rather than replaces human intelligence.

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