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Archive
China announces draconian AI regulations
Top stories today: 1) China announces draconian AI regulations, 2) U.S. Commerce Department requests AI regulation comments, 3) Twitter's private "Circle" tweets are being exposed, and Twitter legally becomes X Corp., and 4) 2022's top 3 hedge funds are quant-focused.
Tesla announces China factory for Megapack battery
Top stories today: 1) Tesla announces China factory for Megapack battery, 2) ByteDance's EBITDA was $25B in 2022, 3) S&P 500 earnings expected to fall 6.8%, 4) Macron distances himself from the U.S. and USD dominance, and 5) FTX report shows more control failures.
Substack announces Notes, its Twitter competitor
Top stories today: 1) Substack announces Notes, its Twitter competitor, 2) Sequoia and others are backing Chinese ChatGPTs, 3) Google CEO confirms AI chat coming to search, 4) YC W23 demo day starts, focuses on AI and SF, 5) Meta to launch generative AI for ads this year, and 6) startup funding drops 55% to $37B in Q1.
29% of U.S. teens own VR headsets; 4% use them daily
Top stories today: 1) Trump is arraigned, next court date Dec. 4, 2) only 29% of U.S. teens own VR headsets, 4% use them daily, 3) Amazon launches AI accelerator, 4) Biden unsure if AI will kill us all, 5) public x private software valuation gap shrinks from 8x to 4x, and 6) another Forbes 30 under 30 arrested.
ByteDance's revenue rises 30+% in 2022 to $80B+
Top stories today: 1) ByteDance's revenue grows to $80B+, 2) Tesla's deliveries rise 4% to 423K in Q1, 3) Trump expands lead in polls and betting markets, as we wait for tomorrow's surrender, 4) OPEC+ announces surprise 1.6M barrel/day cut, and 5) Twitter starts removing legacy blue checkmarks.
Fed Vice Chair Barr previews expected new rules for banks
Top stories today: 1) Barr previews new rules for banks, FDIC, 2) SBF adds 13th charge: bribing Chinese officials, 3) Musk and others sign Pause AI letter, 4) Replit announces AI partnership with Google, and 5) Cerebras launches 7 open-source LLMs.
CFTC sues Binance and CZ for evading U.S. regulations, trading against customers
Top stories today: 1) CFTC sues Binance, 2) Twitter to further promote paid users, 3) Microsoft launches new Teams, no AI, 4) Zoom IQ to integrate OpenAI, 5) housing prices rise on the East Coast, and 6) China is almost surpassing the IMF in emergency loans.
First Citizens buys Silicon Valley Bank for $0.5B; FDIC expected to lose $20B
Top stories today: 1) First Citizens buys SVB, FDIC loses $20B, 2) Apple showcases VR headset to execs, 3) Twitter valued at $20B, 4) money markets funds gain $286B, and 5) CBO says 35-100% cuts are required to balance the budget.