• The Edge
  • Posts
  • 💡 Apple's Worst Ever Q1 Start

💡 Apple's Worst Ever Q1 Start

Plus: Google and MIT Introduce SynCLR

Together with

Read time: 2 minutes (Click underlined topics or headings for links.)

Hey Edge Family, good morning! I hope you had a restful weekend! My spring semester in university starts today. Good luck to all my fellow students!

The Breakdown

💎 𝟛 Tools to Give You The Edge

Venture Kit: AI-Generated Business Plan Template

Fintool: Advanced AI analysis for SEC filings and financial news

Brickify Me: Go back to your childhood and turn your selfies into your own lego character

Stay up-to-date with AI.

AI won’t replace you, but a person using AI might. That’s why 500,000+ professionals read The Rundown– the free newsletter that keeps you updated on the latest AI news, tools, and tutorials in 5 minutes a day.

🚨Latest Developments

Source: Deviant Art

Big Takeaway: Apple’s stock was down 0.4% on Friday for the 5th straight day of losses, which marks the worst start to a year in Apple’s history.

  • The drop follows the New York Times Report that the Justice Department is moving closer to an antitrust case against Apple.

  • This adds to Apple’s mounting challenges, like dwindling iPhone sales and patent disputes over the Apple Watch.

  • Apple's value is down $155B+ in one week but it's still the world's most valuable company at $2.83T but Microsoft closing in at $2.73T.

Which company is more valuable to you? And why?

(Select one)

Login or Subscribe to participate in polls.

Source: Seeklogo

Big Takeaway: Google Research and MIT CSAIL study using synthetic data from generative models for visual representation instead of expensive curated datasets.

  • SynCLR takes advantage of model controls like latent variables, conditioning variables, and hyperparameters to create synthetic data.

  • SynCLR models can generate unlimited, varied samples, which are much cheaper and easier to store and share than raw data.

  • The proposed 3-stage system is: synthesize a large number of image captions; generate 600 million synthetic images and captions; train representations with contrastive learning.

  • What this means: SynCLR has developed a system that can match or exceed state-of-the-art methods across a range of benchmark tasks. Showing the promise of this type of self-supervised learning at a much cheaper cost.

🔎Extra Insights

🔋 Semiconductor industry highest ever growth thanks to AI

The semiconductor industry had its best year since 2009, with the Philadelphia Stock Exchange Semiconductor Index surging 65% in 2023. The crucial role chipmakers like Nvidia played in advancing AI capabilities was a major contributor to this growth. (Full article here)

🏴󠁧󠁢󠁥󠁮󠁧󠁿 Judges in England and Wales given approval to use AI in writing legal opinions

Due to possible disinformation, the Courts and Tribunals Judiciary in England has permitted judges' use of AI for opinion writing with caution, but not for legal research or analysis. (Full article here)

💸 AI-powered search engine Perplexity AI series B funding round

Perplexity raised $73.6 million in Series B funding led by IVP with participation from existing and new investors, including NVIDIA, Jeff Bezos, and others. Perplexity has grown to 10 million monthly active users in just one year since launch. (Full article here)

💻 Real Life Use Cases

Chat GPT Prompt: Customer Lifetime value

Use this ChatGPT prompt to help you make business decisions that will impact customer lifetime value.

🔏 Copy and paste the prompt below
Assess [my business decision] by considering Customer Lifetime Value. Analyze the long-term value of customers to understand how acquisition, retention, and monetization strategies align. 
Here’s a link to the results ⬇️

💼 Who’s Hiring in AI

🔮 AI Game

Which picture is AI generated?

(Select one)

Login or Subscribe to participate in polls.

How was today's newsletter

Login or Subscribe to participate in polls.

That’s all for today!

Thinking of starting your own newsletter? Join Beehiiv, the #1 newsletter platform for built-in growth and monetization! Use my link for a special gift.

If you have something interesting or just want to reach out, don’t hesitate to DM me on Twitter @Brandoncarterss

Subscribe to keep reading

This content is free, but you must be subscribed to The Edge to continue reading.

Already a subscriber?Sign In.Not now

Join the conversation

or to participate.