Daily Digest: Microsoft x TikTok

PLUS: Reddit is angry, Gemma 2 2B

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  2. Microsoft's AI business is booming, with TikTok as a major customer. TikTok spent $20M/month on Azure OpenAI Service, accounting for 25% of its $1B annual revenue. Read that again, there’s an M after $20. Other big spenders include Walmart, Intuit, and G42. Microsoft aims to diversify its customer base as it faces pressure to monetize its AI investments.

  3. At the same time, Microsoft isn’t paying to use Reddit’s data. Reddit CEO Steve Huffman calls out Microsoft, Anthropic, and Perplexity for scraping Reddit's data without permission. Huffman demands payday deals like the ones with Google and OpenAI. examples. Reddit has thus started blocking companies unwilling to negotiate.

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