AWS aims to be the "Switzerland" of LLMs, YC portfolio cos upset about Continuity Fund shutdown

AWS is targeting corporate clients and will act as the “Switzerland” of LLMs, allowing businesses to access LLMs from Anthropic, Stability AI, and others; Amazon is aiming to become a leading neutral platform for generative AI - Link

Later-stage YC portfolio companies expressed disappointment in the firm shutting down its Continuity Fund; YC plans to replace former partners with newly elected board members for its Continuity-backed startups - Link

WSJ sources: ByteDance is attempting to attract Meta VR developers to move their apps away from Meta's platform over to its Pico headset by offering devs $15K-$20K per title - Link

WSJ sources: IBM is considering selling its weather unit for as much as $1B to streamline ops; IBM acquired The Weather Company's B2B, mobile, and cloud-based businesses for ~$2B in 2015 - Link

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Copy.ai Founder Paul Yacoubian joins Jason to break down the evolution and progress that OpenAI has made with its GPT LLMs (2:38) before discussing the radical shifts that AI will cause across most industries (20:46). They end the show with a demo of Copy.ai and the legal issues surrounding training datasets (48:54). - Link

FT sources: SoftBank has sold ~$7.2B worth of Alibaba shares so far this year after selling ~$29B last year; Softbank at one point owned 34% of Alibaba but plans to cut its stake to 3.8% - Link

Cybersyn, a NY-based data-as-a-service startup that makes public and proprietary economic data more accessible, came out of stealth mode and announced a $62.9M Series A led by Snowflake - Link

Arkansas Governor Sarah Huckabee Sanders signed a bill that would require children under 18 to attain adult permission to register for social media; the "Social Media Safety Act" will take effect in September - Link

ETH rallied above $2K for the first time since August as Ethereum's Shanghai update successfully went through without any issues - Link

This Week in Startups

E1719: Copy.ai CEO Paul Yacoubian on keeping up with GPT’s rapid evolution & AI’s potential impact

E1718: Stanford & Google’s Westworld-like AI experiment, BloombergGPT, SF CRE collapse

E1717: Praying For Exits on the state of VC, ZIRP fraudsters, revolutionary product launches & more

E1716: YC demo day valuation tensions, how VCs can find gems, Substack's performance & more

E1715: Satya Patel on the state of VC, flexible investing frameworks & converting to evergreen

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