Meta’s Refreshed AI Play

Meta releases its first model in the great AI horserace catchup race. OpenAI is expecting to make as much money from ads as the biggest social media companies. Meta doesn’t want you to see ads encouraging you to join lawsuits against them. And Amazon’s big Starlink competitor is coming as soon as this summer. Meta releases first AI model since Zuckerberg’s spending spree (FT) AI Horserace Thread (@emollick) Anthropic Completes Tender Offer, But Employees Hold Onto Shares (Bloomberg) OpenAI Forecasts Advertising to Hit $102 billion by 2030 (The Information) Scoop: Meta removes ads for social media addiction litigation (Axios) Amazon’s Starlink competitor Leo gets a new date (The Verge) Deere settles US right-to-repair lawsuit with $99 million fund, repair commitments (Reuters) Gen Z Is Using A.I., but Doesn’t Feel Great About It (NYTimes) Learn more about your ad choices. Visit megaphone.fm/adchoices