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- Apple abandons Car project, most of 2K employees to shift to AI division
Apple abandons Car project, most of 2K employees to shift to AI division
Bay Area Times
February 28, 2024
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Top stories today:
- Apple abandons Car project
- Google CEO e-mail to employees on Gemini: “completely unacceptable”
- SBF asks for sentence of 6.5 years or less
- GPT-4 found best AI model for election information
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Apple abandons Car project, most of 2K employees to shift to AI division
Some layoffs will happen, with the exact number TBD.
Apple Car was rumored to be priced at $100K and would likely have lower margins than what Apple is used to.
Apple’s CarPlay already has a 90% market share for model-year 2023 vehicles sold in the U.S.
Elon, just after the news, commented that the new Tesla Roadster will do 0-60 mph in <1 second, leveraging SpaceX technology
End of 2024: unveil.
2025: “aiming to ship,” which is likely an optimistic prediction by Elon.
2. Google CEO e-mail to employees on Gemini: “completely unacceptable and we got it wrong”
Alphabet’s stock was +1% on Tuesday, in line with the S&P 500, after a -5% performance on Monday:
“Our teams have been working around the clock to address these issues.”
Memo was likely written to be leaked.
Gemini’s problems were caused by a failed quick fix aimed at reducing bias, which ended up backfiring by overcorrecting and creating more bias.
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4. SBF asks for sentence of 6.5 years or less
Comparable convicted fraudsters usually get much more than what they asked for:
