Microsoft signs billion-dollar AI deal, Artifact uses GPT-4 to rewrite "clickbait" headlines

CNBC sources: Microsoft signed a deal worth billions with CoreWeave, a startup providing access to Nvidia's GPUs, to boost its AI cloud computing infrastructure - Link

Artifact, the news-sharing app created by Instagram co-founders, will have GPT-4 rewrite headlines labeled "clickbait" by users - Link

Airbnb is suing NYC over an upcoming law limiting short-term rentals; the law, set to come into effect in July, forces hosts to register with the city and adhere to complex regulations - Link

Meta will require all employees assigned to an office to be in-person for three days/week beginning on Sept 5 - Link

Clumio. When you're building a company, don't let backups and compliance requirements distract you. Let the data protection experts at Clumio help with immutable, air-gapped backups that put compliance on autopilot. Visit them at clumio.com/twist to start a free backup, or sign up for a demo.

Getty, the stock image provider, asked London's High Court to stop sales of Stable Diffusion in the UK after accusing its parent company of training its model on Getty's images - Link

US DoD is purchasing Starlink "terminals and services" for Ukraine's military under the Ukraine Security Assistance Initiative; contract value or quantities were not disclosed- Link

Planned layoffs reached 417.5K jobs through May, up more than 4x from the same period last year, according to a job cut report from Challenger - Link

Bloomberg sources: Apple is planning a major retail push through 2027, with more than 50 new or rebuilt stores in the US, Canada, Middle East, Europe, and Asia-Pacific - Link

This Week in Startups

E1754: How open-source & distributed models can win AI with MosaicML’s Naveen Rao

E1753: How generative AI is enabling hologram assistants with Looking Glass CEO Shawn Frayne

E1752: Breaking down Bard with Google’s Jack Krawczyk

E1751: Understanding the UAE startup opportunity with Brad Gerstner and Ibrahim Ajami

E1750: ChatGPT vs Hollywood writers and the WGA strike with Lon Harris

Vanta - Get $1000 off your SOC 2

Trovata - Use code TWIST for 30% off one year of premium features, like AI forecasting

Microsoft for Startups Founders Hub - Apply in 5 minutes for six figures in discounts