The Instacart IPO is coming with a helluva haircut. Meta is planning a big new LLM trained on its own stuff. Some eye-watering details on how much water ChatGPT uses. If you don’t do that AI tech, that doesn’t mean someone else won’t. And what tomorrow’s iPhone event says as about Apple’s high-end strategy.

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Links:

• Instacart targets up to $9.3 bln valuation for much-awaited US IPO (Reuters)
• Meta Is Developing a New, More Powerful AI System as Technology Race Escalates (WSJ)
• Roblox’s new AI chatbot will help you build virtual worlds (The Verge)
• Artificial intelligence technology behind ChatGPT was built in Iowa — with a lot of water (AP)
• The Technology Facebook and Google Didn’t Dare Release (NYTimes)
• Apple Renews Qualcomm Deal in Sign Its Own Modem Chip Isn’t Ready (Bloomberg)
• Apple Bets on Titanium and Cameras to Nudge Buyers Toward Pricier iPhones (Bloomberg)

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