Meta creates non-voting Class C stock to fund AI buildout

Cresta, founded in 2017 out of the Stanford Artificial Intelligence Laboratory by Zayd Enam with Tim Shi, Sebastian Thrun and Andre Esteva, is joining Salesforce. It emerged from stealth in 2020 with AI that coached contact-center agents in real time.

OpenAI shared progress on ChatGPT and Codex aiding mechanical design, electrical engineering, and simulation, including faster iteration for its own hardware teams. It is also testing these workflows with industry collaborators across CAD and PCB design.

Meta is marketing US dollar bonds for the first time in six months, aiming to raise $20B–$25B in the US and Europe. The debt sale funds infrastructure and AI models and services as tech giants brave investor skepticism over the AI buildout.

ChatGPT now processes one-fifth the search query volume of Google, per OpenAI consumer product lead Adam Fry, who announced the figure at a Monday press event. Fry did not disclose the source of the Google volume number; Bing held about 3% share after a decade, per Satya Nadella in the 2023 antitrust trial.

Parmy Olson's Bloomberg Opinion video examines how Anthropic and OpenAI will fund vast computer warehouses given few productivity gains so far, and critiques the justifications she's hearing from Silicon Valley executives.

A 10-second 768P clip costs $0.60 on H3 Highspeed, $0.40 on H3 Lite, and $0.80 on H3; at 2K an H3 clip runs $1.30. All three accept 4-15 second clips with text-, image-, video-, or audio-guided generation.