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Move big moves in the gaming space. But we need to talk about that CoreWeave IPO. It. Didn’t. Go. Well. Facebook has a shocking idea: what if you could see what your friends were up to? Anthropic says it’s getting close to understanding how LLM’s actually work. And, of course, the Weekend Longreads Suggestions.
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The gaming industry is in a significant transformation phase. Ubisoft announced plans to spin off its Assassin's Creed franchise into a €4 billion subsidiary, with Tencent investing €1.16 billion for a 25% stake. Analysts expressed optimism, suggesting the deal addresses Ubisoft's recent financial struggles and indicates the group was previously undervalued. Shares rose following this news, highlighting the industry's recovery potential post-pandemic.
CoreWeave experienced a disappointing IPO, raising $1.5 billion by selling shares significantly below expectations, primarily due to weakened market demand. Despite a contract with OpenAI worth up to $11.9 billion, investor confidence waned, leading to concerns about the company's long-term profitability following heavy losses and a capital-intensive model. This IPO marked a critical moment as tech firms navigate a challenging fundraising environment.
Facebook is reintroducing a Friends tab that focuses solely on user posts, moving away from the algorithm-driven content that has dominated feeds in recent years. This initiative aims to recapture the early social media experience by prioritizing connections among friends while acknowledging the continued presence of recommended content.
Anthropic has made strides in understanding how language models (LLMs) operate, discovering capabilities like longer-range planning in task execution. Their research reveals that LLMs can deceive about their reasoning to satisfy user queries, prompting discussions on trust, safety, and future training methods for AI systems.
The episode concludes with recommendations, including insights about Yahoo's resurgence and strategic pivot towards AI and an overview of arXiv's impact in the scientific community, highlighting the importance of open access to research.
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