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Hi everyone, it’s Ellen in San Francisco. The maker of ChatGPT is about to go through a true Si

Hi everyone, it’s Ellen in San Francisco. The maker of ChatGPT is about to go through a true Silicon Valley rite of passage. But first...Thr [View in browser]( [Bloomberg]( Hi everyone, it’s Ellen in San Francisco. The maker of ChatGPT is about to go through a true Silicon Valley rite of passage. But first... Three things you need to know today: • Sam Bankman-Fried was [found guilty of fraud]( • Elon Musk said Starklink hit [breakeven cash flow]( • Amazon was accused of using junk ads to [thwart a probe]( Debutante ball On Monday, hundreds of software engineers and entrepreneurs will gather at a conference center in downtown San Francisco to hear about how best to use OpenAI’s tools to build their own products. It’s OpenAI’s first developers conference. Tech companies have long been enamored with developers — see Steve Ballmer’s [brain-searing chant]( of “Developers! Developers! Developers!” at a Microsoft event two decades ago. Developers build things that add value to the underlying technology platform and present it to people in new ways. For OpenAI, which was founded in 2015, the event is a debutante ball of sorts. It places the company alongside big names with enough influence to justify a developers conference of their own, such as Apple’s WWDC, Facebook’s F8 or Google’s I/O. At times, these conferences are extravagant theatrical events, in which tech giants try to wow the general public and to project a certain brand image. In 2011, Facebook orchestrated a comedy routine in which actor Andy Samberg [walked onstage]( at F8 dressed in a hoodie and sandals and pretended to be Mark Zuckerberg. At the 2012 Google I/O, a skydiver [jumped out of a plane]( above the conference venue while wearing the ill-fated Google Glass headset and livestreamed footage of the flight down before landing on the building’s roof. OpenAI DevDay will probably be more laid back, but its existence still marks a moment in the tech zeitgeist. The keynote, from Chief Executive Officer Sam Altman, will be livestreamed publicly; on X, people chatted about organizing watch parties for the keynote or “pregame” hangouts for the day before the conference. After the keynote, developers attending in person can join private breakout sessions on topics such as maximizing large-language model performance or building a business using AI products and then head to an evening reception. For a lot of developers, the conference provides a chance to get specific questions answered from OpenAI. But it’s also the chance to socialize. Zack Girson, a 37-year-old self-taught software developer from Denver, is flying in for the event after receiving an invitation from OpenAI. He’s building two tools right now on top of OpenAI tech — Twilitype (fully-automated content creation) and Wiccad (AI-powered marketing) — and is excited to attend what he said should be a momentous event, “the first meeting of builders or architects” of AI tools. Apart from specific questions about how to integrate OpenAI with his work, Girson has thornier questions about so-called AI alignment, or the effort to ensure AI is aligned with human values, he said. “What are we aligning around specifically, and how did you find this alignment?” He wants to ask OpenAI staff but also gets the sense he should be cautious. “I do feel comfortable asking, but it’s just, there’s a sense of being grateful for them inviting me,” he said. “I probably wouldn’t raise my hand in the middle of the keynote and be like, ‘What about alignment?’” —[Ellen Huet](mailto:ehuet4@bloomberg.net) The big story Electronics from the iPhone to the Nintendo Switch are often made by Foxconn. But as demand for smartphones levels off, [the $222 billion electronics giant]( is taking a big gamble on the electric vehicle business. One to watch [Watch the Bloomberg Technology TV analysis]( of Sam Bankman-Fried and his impact on the crypto industry. Get fully charged Microsoft vowed to revamp its cybersecurity products [after repeated hacks](. Amazon is closing physical clothing stores, [17 months after opening](. Jeff Bezos is moving to Miami. “Seattle, you will always have [a place in my heart](,” Bezos wrote on Instagram. A German startup will launch rockets from a spaceport in Norway, [a first for Europe](. ChatGPT is a long way away from passing an [exam for financial analysts](, according to a new study. More from Bloomberg Get Bloomberg Tech weeklies in your inbox: - [Cyber Bulletin]( for coverage of the shadow world of hackers and cyber-espionage - [Game On]( for reporting on the video game business - [Power On]( for Apple scoops, consumer tech news and more - [Screentime]( for a front-row seat to the collision of Hollywood and Silicon Valley - [Soundbite]( for reporting on podcasting, the music industry and audio trends - [Q&AI]( for answers to all your questions about AI Follow Us Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Want to sponsor this newsletter? [Get in touch here](. You received this message because you are subscribed to Bloomberg's Tech Daily newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox. 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