It ended trading at roughly $50, which means the business is valued at about $9.5 billion. That’s quite a pop from the $34 that Reddit priced its shares at going into the IPO. As a result, everyone who bought in at that price— like Reddit power users — saw a nice gain today.
The company’s legal response to Musk’s lawsuit was just made public and, as we expected, OpenAI refutes the crux of Musk’s argument: that it violated a founding contract with him when it became a commercial entity.
From OpenAI’s court filing, which is really just an official version of its public response to Musk last week:
Were this case to proceed to discovery, the evidence would show that Musk supported a for-profit structure for OpenAI, to be controlled by Musk himself, and dropped the project when his wishes were not followed. Seeing the remarkable technological advances OpenAI has achieved, Musk now wants that success for himself.
One of the creators of the ActivityPub protocol, Evan Prodromou, is now beta testing the ability to cross-post from Threads to Mastodon. He’s the first non-Meta employee I’m aware of with this feature enabled, which suggests that we’re getting closer to a wider rollout.
In other Threads news: Everyone now has the ability to save drafts and access the phone camera directly in the app.
In case you missed the last issue of Command Line:
After talking to sources at Google, I’ve come to the conclusion that these bad Gemini responses slipped through testing because everyone felt rushed to ship. An illustrative example: the photo generation in the Gemini app is not actually powered by the Gemini model. It’s an older, text-to-photo model that was tacked onto the Gemini user-facing experience to get the feature out the door faster.
I’m told that there’s also a lack of alignment between Demis Hassabis’s research team building the underlying models and Prabhakar Raghavan’s search organization that’s putting them into user-facing products. Perhaps the coming “structural changes” Pichai hinted at in his memo to employees last week will address that.
