VC frenzy has inflated private AI startup valuations

So, a huge, huge, like bigger than the entire world’s GDP fat finger episode in the world of stablecoins. Zuck has poached another one from Apple. Potentially huge state sponsored hack of a key infrastructure company. The most interesting new phone concept I’ve seen in a while. And are we in an AI bubble episode 72.

• Printing Money: Paxos Mints, Then Burns $300 Trillion in PayPal Stablecoins (Decrypt)
• Apple’s Head of ChatGPT-Like AI Search Effort to Leave for Meta (Bloomberg)
• F5 says hackers stole undisclosed BIG-IP flaws, source code (BleepingComputer)
• Anthropic launches new version of scaled-down ‘Haiku’ model (TechCrunch)
• Honor’s Robot Phone concept features a fold-out camera arm (The Verge)
• ‘Of course it’s a bubble’: AI start-up valuations soar in investor frenzy (FT)

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