China’s Xi Jinping bets on high tech for ‘great rejuvenation’: Communist party’s third plenum reinforces focus on self-sufficiency but fails to assuage fears about weak consumption or oversupply. FT
Washington’s most powerful interests don’t know whether to cheer Harris — or dread her: Would she bring continuity with Joe Biden’s policies? A more centrist vibe? A sharper progressive bite? Industries including tech, energy and pharma want to know. Politico
What Fortune 500 CEOs could expect from a Kamala Harris administration Fortune
Fortune: Kamala Harris could mean an end to Democrats’ hard line on crypto—but it’s too soon to say for sure
Here's where Kamala Harris stands on tech issues including AI, Big Tech, and crypto BI
Fortune: Elon Musk backs down from $45 million a month pledge to Trump, says he doesn’t ‘subscribe to cult of personality’
Senators demand OpenAI detail efforts to make its AI safe: Following a Washington Post report, five lawmakers ask the artificial intelligence start-up to describe how it will ensure its tools don’t cause harm. WP
AI firms will soon exhaust most of the internet’s data: Can they create more? Economist
Meta releases open-source AI model it says rivals OpenAI, Google tech: WP reports CEO Mark Zuckerberg says its Llama AI models, which are available to anyone, will surpass competitors next year. But the open approach has its critics too.
+ @AIatMeta: Starting today, open source is leading the way. Introducing Llama 3.1: Our most capable models yet. Today we’re releasing a collection of new Llama 3.1 models including our long awaited 405B. These models deliver improved reasoning capabilities, a larger 128K token context window and improved support for 8 languages among other improvements. Llama 3.1 405B rivals leading closed source models on state-of-the-art capabilities across a range of tasks in general knowledge, steerability, math, tool use and multilingual translation.
Zuckerberg aims to rival OpenAI, Google with new Llama AI model: The Meta CEO defends both his open source strategy and a massive investment in artificial intelligence. Bloomberg
Cloud and AI lift Google-parent quarterly profit: AFP reports Google-parent Alphabet on Tuesday reported profit and revenue that beat expectations as its AI-amped cloud and search ads businesses thrived.
Alphabet revenue jump shows no sign of AI denting search business: FT reports cloud computing growth shows continued demand as companies race to build large language models.
The rise of the AI gadget could free us from our smartphones. We just need to find the right device Fortune
Insurers’ losses from global IT outage could reach billions: FT reports disruption to companies’ systems estimated to be most significant loss event since NotPetya malware attacks of 2017.
Wiz turns down Google: Fortune reports cybersecurity startup Wiz, valued at $12 billion, is turning down Google’s offer to buy the company. Instead, Wiz will seek to go public via an IPO, according to an internal memo.
Enjoy the ride + plan accordingly.
-Marc
