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Carl Pei says Nothing can’t build its own operating system

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Two mobile operating systems currently account for nearly 100% of the worldwide smartphone market. Building one is difficult, and most phone manufacturers offer higher use of resources, especially when Android is at your fingertips. While it is a potential differentiator, these firms have largely chosen to take care of Google’s mobile operating system, customized with skins and unique features.

Huawei recently bucked this trend by releasing Harmony OS, although this was a direct results of geopolitical restrictions on the usage of American products. However, despite its vast resources, the Chinese electronics giant has faced enormous difficulties in attempting to build its own alternative to Android.

Given its propensity to shake up the market, it’s perhaps not entirely surprising that London-based Nothing was capable of build its own mobile operating system from scratch. On Wednesday at TechCrunch Disrupt 2024, founder and CEO Carl Pei confirmed that the corporate is exploring what an actual Nothing operating system could seem like.

Pei praised smartphones as “our most important gateway to the people we care about and the information we need to use,” while criticizing the duopoly of Google and Apple within the industry.

“We’re figuring out how to maneuver here,” he added, “and possibly create something of our own. Some operating system.

The goal of such a move can be to expand Nothing’s influence within the industry while creating a completely recent revenue stream.

“Now you can influence the software,” Pei explained. “You can change the way people use their devices. On the business side, it is also very profitable. In some respects, being a hardware company sucks because of the supply chain, high capital expenditure, low margins, and high risk of product-market fit. In many ways, having some software revenue is much more convenient: higher margins. However, I think that the most important thing is still consumer satisfaction.”

The founder said he thinks the strategy of making a mobile operating system has turn into much easier because of the recent boom in artificial intelligence. Such technology will even go an extended approach to providing a level of customization that’s missing from existing platforms.

“If you think about the technical stack of an operating system, I don’t think we need to work on the lower parts of the stack – the drivers and how the hardware interfaces with the software and the kernel,” Pei added. “I don’t think we need to work on it, but we should work on user experience innovation because operating systems haven’t really changed in 40 years. These computers, smartphones and these devices have a lot of information about us. We do so much for them, but they don’t use any of this information to improve their experience.”

Asked whether the corporate expected to boost funds for such a project, Pei declined to comment.

“I don’t think it has to be much of an experience,” he said. This is applied artificial intelligence, it shouldn’t be the idea. We don’t build capabilities, we do not train large language models, we do not build text-to-speech or anything like that. That ship has sailed and it’s going to turn into extremely competitive. Two or three players will win big and the remainder will lose money.

Pei continues, “Whether we get funding or not, we can work on it.”

Artificial intelligence can be a crucial element of such an operating system, he explained, but it surely wouldn’t mean every thing.

“We shouldn’t call it an AI operating system,” he said. “Artificial intelligence is just a tool and ultimately it comes down to who can produce the best product, who has the best market fit and who can deliver the highest user satisfaction. Because without it, it just won’t work.”

This article was originally published on : techcrunch.com
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OpenAI accidentally deleted potential evidence in NY Times copyright lawsuit (update)

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OpenAI logo with spiraling pastel colors (Image Credits: Bryce Durbin / TechCrunch)

Lawyers for The New York Times and Daily News, who’re suing OpenAI for allegedly copying their work to coach artificial intelligence models without permission, say OpenAI engineers accidentally deleted potentially relevant data.

Earlier this fall, OpenAI agreed to offer two virtual machines in order that advisors to The Times and Daily News could seek for copyrighted content in their AI training kits. (Virtual machines are software-based computers that exist inside one other computer’s operating system and are sometimes used for testing purposes, backing up data, and running applications.) letterlawyers for the publishers say they and the experts they hired have spent greater than 150 hours since November 1 combing through OpenAI training data.

However, on November 14, OpenAI engineers deleted all publisher search data stored on one among the virtual machines, in keeping with the above-mentioned letter, which was filed late Wednesday in the U.S. District Court for the Southern District of New York.

OpenAI tried to get better the information – and was mostly successful. However, since the folder structure and filenames were “irretrievably” lost, the recovered data “cannot be used to determine where the news authors’ copied articles were used to build the (OpenAI) models,” the letter says.

“The news plaintiffs were forced to recreate their work from scratch, using significant man-hours and computer processing time,” lawyers for The Times and the Daily News wrote. “The plaintiffs of the news learned only yesterday that the recovered data was useless and that the work of experts and lawyers, which took a whole week, had to be repeated, which is why this supplementary letter is being filed today.”

The plaintiffs’ attorney explains that they don’t have any reason to consider the removal was intentional. However, they are saying the incident highlights that OpenAI “is in the best position to search its own datasets” for potentially infringing content using its own tools.

An OpenAI spokesman declined to make an announcement.

However, late Friday, November 22, OpenAI’s lawyer filed a motion answer to a letter sent Wednesday by attorneys to The Times and Daily News. In their response, OpenAI’s lawyers unequivocally denied that OpenAI had deleted any evidence and as a substitute suggested that the plaintiffs were guilty for a system misconfiguration that led to the technical problem.

“Plaintiffs requested that one of several machines provided by OpenAI be reconfigured to search training datasets,” OpenAI’s attorney wrote. “Implementation of plaintiffs’ requested change, however, resulted in the deletion of the folder structure and certain file names from one hard drive – a drive that was intended to serve as a temporary cache… In any event, there is no reason to believe that any files were actually lost.”

In this and other cases, OpenAI maintains that training models using publicly available data – including articles from The Times and Daily News – are permissible. In other words, by creating models like GPT-4o that “learn” from billions of examples of e-books, essays, and other materials to generate human-sounding text, OpenAI believes there isn’t a licensing or other payment required for examples – even when he makes money from these models.

With this in mind, OpenAI has signed licensing agreements with a growing number of recent publishers, including the Associated Press, Business Insider owner Axel Springer, the Financial Times, People’s parent company Dotdash Meredith and News Corp. OpenAI declined to offer the terms of those agreements. offers are public, but one among its content partners, Dotdash, is apparently earns at the least $16 million a 12 months.

OpenAI has not confirmed or denied that it has trained its AI systems on any copyrighted works without permission.

This article was originally published on : techcrunch.com
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Sequoia increases its 2020 fund by 25%

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Sequoia, venture capital, startups, VC

Sequoia says no going out, no problem.

According to data from the Silicon Valley enterprise capital giant, the worth of its Sequoia Capital US Venture XVII fund increased by 24.6% in June at the top of 12 months. Pitchbookwho analyzed data from the University of California Regents Fund.

Sequoia’s margin is notable since the fund hasn’t had any exits yet. This can be a positive development for the 2020 fund vintage, on condition that after the uncertain valuations of 2020 and 2021, this yr’s funds usually are not expected to perform well for any VC. The mismatch is probably going resulting from high AI valuations giving risks a way of an economic recovery that has yet to bear fruit in other sectors. Sequoia is an investor in high-growth artificial intelligence corporations including OpenAI, Glean and Harvey, amongst others.

Sequoia has raised over $800 million for Fund XVII, which closed in 2022.

This article was originally published on : techcrunch.com
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Revolut will introduce mortgage loans, smart ATMs and business lending products

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Revolutthe London-based fintech unicorn shared several elements of the corporate’s 2025 roadmap at a company event in London on Friday. One of the corporate’s important goals for next yr will be to introduce an AI-enabled assistant that will help its 50 million customers navigate financial apps, manage money and customize software.

Considering that artificial intelligence is at the middle of everyone’s attention, this move shouldn’t be surprising. But an AI assistant could actually help differentiate Revolut from traditional banking services, which have been slower to adapt to latest technologies.

When Revolut launched its app almost 10 years ago, many individuals discovered the concept of debit cards with real-time payment notifications. Users may lock the cardboard from the app.

Many banks now can help you control your card using your phone. However, they’re unlikely to supply AI features that might be useful yet.

In addition to the AI ​​assistant, Revolut announced that it will introduce branded ATMs to the market. These will end in money being spent (obviously), but in addition cards – which could encourage latest sign-ups.

Revolut said it plans so as to add facial recognition features to its ATMs in the longer term, which could help with authentication without using the same old card and PIN protocol. It will be interesting to see the way it implements this technology in a way that complies with European Union data protection regulations, which require explicit consent to make use of biometric data for identification purposes.

According to the corporate, Revolut ATMs will start appearing in Spain in early 2025.

Revolut has had a banking license in Europe for a while, which implies it may offer lending products to its retail customers. It already offers bank cards and personal loans in some countries.

Now the corporate plans to expand into mortgage loans – some of the popular lending products in Europe – with an emphasis on speed. If it’s an easy request, customers should generally expect immediate approval and a final offer inside one business day. However, mortgages are rarely easy, so it will be interesting to see if Revolut overpromises.

It appears that the mortgage market rollout will be slow. Revolut said it was starting in Lithuania, with Ireland and France expected to follow suit. Although all these premieres are scheduled for 2025.

Finally, Revolut intends to expand its business offering in Europe with its first loan products and savings accounts. In the payments space, it will enable business customers to supply “buy now, pay later” payment options.

Revolut will introduce Revolut kiosks with biometric payments especially for restaurants and stores.

If all these features seem overwhelming, it’s because Revolut is consistently committed to product development, rolling out latest features quickly. And 2025 looks no different.

This article was originally published on : techcrunch.com
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