|
|
|
Top stories today: - Monthly CPI turns negative in June for 1st period since 2022
- AI startup funding 2x's YoY to $24.1B in Q2
- Semaglutide linked to lower risk of cognitive deficit, nicotine misuse
- OpenAI creates internal 1-5 ranking of AIs, judging themselves at 1.5
- Google DeepMind says Gemini 1.5 used by their helper robots
|
|
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. Monthly CPI turns negative in June for 1st period since 2022 |
|
CPI: -0.1% MoM / 3.0% YoY in June, vs. 0.1% / 3.1% expected, from 0.0% / 3.3% in May. Core CPI: 0.1% / 3.3%, vs. 0.2% / 3.4%, from 0.2% / 3.4%.
|
Markets now expect a 86% chance of a rate cut in September, from 70% on Wed |
|
2. AI startup funding 2x's YoY to $24.1B in Q2 |
|
Deal count -26% to 1,001. But we had huge deals like xAI's $6B fundraise, CoreWeave's $1.1B, etc.
|
Asia startup funding, meanwhile, -32% to $14.6B |
|
| | We have been using Athyna to hire our global team. ~67% savings compared to hiring in U.S./Europe. Pay nothing until you find the perfect match. Get $1,000 OFF on your next offshore employee by mentioning us.
| | *Disclaimer: Athyna is a partner of the Bay Area Times. |
|
|
4. Semaglutide linked to lower risk of cognitive deficit, nicotine misuse |
|
|
5. OpenAI creates internal 1-5 ranking of AIs, judging themselves at between 1 and 2 |
|
|
6. Google DeepMind says Gemini 1.5 used by their helper robots |
|
|
7. Interesting videos, posts, and memes |
 | Biden chaos, Soft landing secured? AI sentiment turns bearish, French elections |
|
|
 | Ep12. Tech Stocks vs the Rest; AI VC Bubble, Calcium CT Scan | BG2 with Bill Gurley & Brad Gerstner |
|
|
8. Other headlines |
AI |
SoftBank buys Graphcore, AI chip maker, for ~$600M. Fireworks AI raises $52M at $552M from Sequoia, NVIDIA.
|
|
Tech |
Tesla delays robotaxi event from Aug. to Oct. Alexis Ohanian starts Athlos, event+VC fund for women's track. YouTube Shorts adds automatic voice-over, captions. X building downvoting feature.
|
Open Source CEO: learn how to be a leader and outperform the competition, with this free newsletter.* Mercury now allows you to pay your bills faster and more accurately.*
| *Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes. |
|
|
Tech & law |
|
Biotech |
|
Business |
|
Crypto |
|
|
U.S. politics |
Biden vows to stay in race after introducing Zelensky as Putin. Obama, Pelosi privately expressed concerns over Biden. Biden aides privately saying he should drop out. Trump lawyers asks judge to dismiss conviction over immunity ruling. Don Jr. to speak before Trump's VP nominee at RNC.
|
World |
U.S., Germany foil Russian plot to assassinate arms CEO. Gaza pier may be dismantled by U.S. due to rough seas.
|
Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below). |
| Share Bay Area Times | Share our newsletter with your friends and get free Bay Area Times rewards! | You currently have 0 referrals, only 1 away from receiving our Generative AI Unicorns Database. | | | Or copy and paste this link to others: https://www.bayareatimes.com/subscribe?ref=UbEAXR818y | |
|
What did you think of today's newsletter? |
|
Advertise on the Bay Area Times |
Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. You should do your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Bay Area Times team. |
Please read our Terms of Service and our Privacy Policy before using Our Service. |
No comments: