Top stories today:

1. Anthropic launches Claude 3, outperforming GPT-4, Gemini Ultra
2. Apple fined €1.84B by EU for App Store practices
3. Macbook Air gets M3 chip, support for 2 monitors
4. Bitcoin briefly tops 68K, nearing all-time record of 69K
5. China announces 2024 targets: 5% GDP growth, 3% CPI
6. Bezos surpasses Elon as world’s #1 richest, as Tesla stock -7%
7. China smartphone sales -7% YoY, with Apple overtaken by Vivo

0. Data and calendar

1. Anthropic launches Claude 3, with better testing scores than GPT-4, Gemini Ultra

• But no image or video generation, yet.

• 200K context window as the default, but devs can request access to a 1M context window model, as they can for Google’s Gemini.

Claude 3 Opus, its strongest version, has its API costing 2.5x more than GPT-4 Turbo, while Claude 3 Haiku costs similarly to GPT-3.5

Our view: LLM performance may be plateauing with current techniques

• Anthropic’s and Google’s latest models only slightly beat OpenAI’s on some metrics. We’re not seeing anything revolutionary.

• GPT-4 was launched on Mar. 14, 2023, and likely created ~6 months prior, before undergoing testing.

OpenAI soon after announced "Read Aloud" on ChatGPT's app

A marginal feature:

2. Apple fined €1.84B by EU for alleged anti-competitive App Store practices

It is one the 3rd largest fines the EU has ever given to a tech company under existing rules:

• EU says Apple restricted Spotify and others from informing users of payment options.

• Fine equals 0.5% of Apple's revenue, including a €40M base penalty and a €1.8B deterrent.

• Apple to appeal decision, saying “no evidence of consumer harm” and “no evidence of anti-competitive behavior.”

4. Macbook Air gets M3 chip, support for 2 monitors