June 03, 2024 | Read Online

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0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Trump joins TikTok, reaches 3.4M followers, as he now opposes ban

TikTok.

Biden HQ account has 0.3M, as Biden does not have a personal, direct account.
Trump tried to ban TikTok in 2020 via an executive order, but a court granted a preliminary injunction to stop it.
Now Trump opposes the ban, having argued that it would give Mark Zuckerberg too much power.

2. Uniswap is making it easier to buy, sell and trade tokens on Ethereum*

Uniswap.

The Uniswap Protocol is the largest decentralized marketplace, with billions of dollars in weekly volume across thousands of tokens within the Ethereum ecosystem.
Uniswap Labs is focused on delivering easier, smarter products that provide users direct access to the protocol and DeFi at large.
Go direct to DeFi with the Uniswap Web App and Uniswap App on iOS and Android.

Learn more about the new, smarter Uniswap.

*Sponsored.

3. GameStop stock +75% pre-market after $181M position post on Reddit

Stock jumping near its May high, which happened after the same Redditor posted on X after a 3-year hiatus:

Google Finance: GME stock.

Keith Gill, who goes by DeepF******Value and Roaring Kitty, hadn't posted on Reddit since 2021

Reddit.

Wed after close: Q1 earnings to be reported.

4. NVIDIA announces Blackwell Ultra chip for 2025, Rubin for 2026, as it highlights fast pace of improvements

5x increase in TFLOPs in 2 years since 2022, similar to the 6x increase between 2020 and 2022, even faster than Moore's Law, which predicts a 2x increase in transistors every 2 years:

NVIDIA presentation.

No details on the 2025/2026 chips were provided.

NVIDIA also demoed its AI assistant for gaming Project G-Assist

Project G-Assist | Your AI Assistant For Games & Apps

No launch date announced.
Asus and MSI are bringing the 1st gaming laptops with Microsoft Copilot Plus PC features.

5. Dr. Pepper flips Pepsi as #2 most popular soda in U.S., behind Coke

WSJ.

6. Interesting videos, posts, and memes

Steve Forbes and the Billionaire's Mind

Trump verdict, COVID Cover-up, Crypto Corner, Salesforce drops 20%, AI correction?

7. Other headlines

AI

AMD says new AI chip, launching in Q4, will best NVIDIA's H200.
Meta using user data to train AI, as EU citizens can opt out.
ElevenLabs launches new text-to-sound tool Sound Effects.
Elon's fight with Yann LeCun on X: deep dive.
Google's AI Overviews likely to reduce traffic to news publishers.

Tech

Sam Altman controls $2.8B in VC investments.
Shein to file for £50B London IPO as soon as this week.
Apple's WWDC unlikely to bring hardware launches.
Climate tech startups face uncertain outcomes.
China makes 1st landing on other side of moon.
Boeing Starliner 1st crewed launch delayed to Wed+.

Business

OPEC+ meeting mixed: extends cuts but likely temporarily.
The Trolls of Wall Street: excerpt of Nathaniel Popper's new book.
Real Madrid wins record 15th Champions League, beating Dortmund 2-0.

Athyna: hire incredible global talent with the same company that Bay Area Times uses!*

*Disclaimer: Bay Area Times is a shareholder in Athyna.

Crypto

Biden vetoes bill overturning anti-crypto rule SAB121.
Bitcoin's OP_CAT upgrade proposal: a look at.
Tether buys $100M stake in Bitcoin miner Bitdeer.

Uniswap: making it easier to buy, sell and trade tokens on Ethereum.*

*Sponsored.

U.S. politics

Trump announces $53M raised after guilty verdict.
Hunter Biden's gun charge trial to start today in DE.

World

Mexico City's former mayor Sheinbaum wins presidential elections.
Modi to win historic 3rd term, India exit polls suggest.

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