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Hi there, this is your daily ☕️ Techpresso. 

In today's Techpresso:

🚨 Intel to lay off 15,000 employees and stop ‘non-essential work’

🎵 AI startup says scraping songs on internet is 'fair use'

🔍 Nvidia faces two DOJ antitrust probes over market dominance

✈️ Delta CEO: ‘When was the last time you heard of a big outage at Apple?’

🔥 Google slashes Gemini 1.5 Flash prices, igniting LLM price war

🎁 + 8 other news you might like

🔮 + 5 handpicked research papers and tools

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🚨 Intel to lay off 15,000 employees and stop ‘non-essential work’ LINK

• Intel plans to lay off over 15,000 employees, representing more than 15 percent of its workforce, as part of a $10 billion cost savings plan for 2025.
• The company aims to drastically cut research, development, and marketing spending by billions each year through 2026 and reduce capital expenditures by more than 20 percent this year.
• Intel reported a $1.6 billion loss for Q2 2024 and plans to eliminate non-essential work and overlapping responsibilities to align with a new operating model.

🎵 AI startup says scraping songs on internet is 'fair use' LINK

• Suno admitted in court that its AI music generator was trained on tens of millions of music files from the open internet, encompassing almost all accessible quality recordings.
• The company is making a Fair Use argument in court, stating that AI training on copyrighted songs should be allowed without needing permission or providing compensation to creators.
• Suno claims its goal is to democratize music creation with AI tools, fighting against record label monopolies that prevent AI training on copyrighted material through restrictive licensing agreements.

🔍 Nvidia faces two DOJ antitrust probes over market dominanceLINK

• The US Department of Justice has launched two separate antitrust investigations into Nvidia, focusing on its AI-related business conduct and the acquisition of Run:ai.
• One investigation will scrutinize Nvidia’s recent $700 million purchase of Run:ai, examining potential anticompetitive concerns tied to the acquisition of the Israeli GPU management software startup.
• The second probe will investigate allegations that Nvidia leverages its AI chip market dominance to pressure customers into avoiding competitors and overcharges those who opt for chips from rivals like AMD and Intel.

✈️ Delta CEO: ‘When was the last time you heard of a big outage at Apple?’ LINK

• Delta Air Lines CEO Ed Bastian discussed a July 19th outage caused by a CrowdStrike update, which cost the company half a billion dollars and resulted in over 5,000 canceled flights.
• Bastian criticized Microsoft's platform as "fragile" and contrasted it with Apple, questioning when a significant outage last occurred at Apple, while also indicating Delta is seeking damages through legal avenues.
• The outage has led to both Delta hiring attorney David Boies for damage recovery and CrowdStrike facing a class action lawsuit from shareholders, alleging misleading claims about their software testing processes.

🔥 Google slashes Gemini 1.5 Flash prices, igniting LLM price war LINK

• On August 12, 2024, Google will slash the prices of its Gemini 1.5 Flash model by 80%, making it significantly more affordable than OpenAI's GPT-4o mini.
• The new costs will be $0.075 per million input tokens and $0.3 per million output tokens, nearly cutting in half the prices offered by OpenAI's competing model.
• The aggressive price cut is expected to pose challenges for smaller AI startups, while Google also expands Gemini 1.5 Flash's capabilities to over 100 languages and offers general availability of provisioned throughput to ensure scalability and cost predictability.

Other news & articles you might like

Meta scraps failed celebrity AI chatbots after users ignored them, deemed them creepy.LINK

Apple is spending more on AI, but remains far behind its Silicon Valley peers.LINK

Apple trying to pressure WeChat into blocking a payment loophole; developer refusing.LINK

The EU's AI Act is now in effect. Here's what you need to know.LINK

Snapchat gains users but continues to lose money.LINK

GitHub introduces AI model playground for developers to test and compare LLMs.LINK

Nintendo profit falls 55% as sales of its ageing Switch console plunge.LINK

Startup accuses Google of 'predatory conduct' for blocking API access.LINK

Latest research and tools

Peerfetch: enables secure, direct access from web browsers to devices like IoTs or servers behind firewalls using Peer-to-Peer HTTP over WebRTC, bypassing cloud storage for data sharing and enabling decentralized machine learning. LINK

Hackberry-Pi_Zero: a handheld Linux terminal powered by Raspberry Pi Zero 2W, featuring a 4' 720X720 TFT display, original BlackBerry Keyboard, dual swappable Nokia BL-5C batteries, customizable keymap via VIAL, 3 USB2.0 ports, Stemma I2C port, and external TF card slot for OS swaps. LINK

Gitopper: enables automated server updates by monitoring a specified Git repository, pulling changes, and refreshing the server process without the need for Kubernetes, aiming for simplicity and integration into existing system administration workflows. LINK

xdg-override: allows temporary change of default applications on Linux, useful for instances where a user wants a different application for specific tasks without altering global system settings. LINK

Ell: a command-line interface for interacting with Large Language Models (LLMs) directly from the terminal, allowing users to ask questions, chat, and execute function calls using templates, designed to be lightweight and easily extended. LINK

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