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Top stories today: - Trump joins TikTok, reaches 3.4M followers, as he now opposes ban
- GameStop stock +84% pre-market after $181M position post on Reddit
- NVIDIA announces Blackwell Ultra chip for 2025, Rubin for 2026
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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). |
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 | All times are ET. |
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1. Trump joins TikTok, reaches 3.4M followers, as he now opposes ban |
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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.
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Stock jumping near its May high, which happened after the same Redditor posted on X after a 3-year hiatus: |
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Keith Gill, who goes by DeepF******Value and Roaring Kitty, hadn't posted on Reddit since 2021 |
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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: |
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NVIDIA also demoed its AI assistant for gaming Project G-Assist |
 | Project G-Assist | Your AI Assistant For Games & Apps |
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5. Dr. Pepper flips Pepsi as #2 most popular soda in U.S., behind Coke |
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6. Interesting videos, posts, and memes |
 | Steve Forbes and the Billionaire's Mind |
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 | Trump verdict, COVID Cover-up, Crypto Corner, Salesforce drops 20%, AI correction? |
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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.
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Tech |
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Business |
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| *Disclaimer: Bay Area Times is a shareholder in Athyna. |
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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.
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U.S. politics |
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World |
Mexico City's former mayor Sheinbaum wins presidential elections. Modi to win historic 3rd term, India exit polls suggest.
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