July 30, 2024 | Read Online

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0. Data and calendar

All values as of 11 PM ET / 8 PM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Meta rolls out AI Studio in U.S., allowing creators to make own AI chatbots

Meta.

"Extension of themselves to reach more fans": how Meta is pitching this to creators.
Anyone can create chatbots, not only creators.
Llama 3.1 models power these characters.
In line with Meta's open weights strategy for Llama: because Meta monetizes attention through ad sales, rather than subscription services or an API, it makes sense to make their LLMs open, as it will encourage content creation.

2. iOS 18.1 with Apple Intelligence released in beta to developers

Writing Tools in iOS 18.1: MacRumors.

iPhone 15 Pro or Pro Max required for Apple Intelligence, which must be turned on in Settings.
iPadOS 18.1 and macOS Sequoia 15.1 were also released.
Public betas are TBD.
Only some features are already available, including Writing Tools, the new Siri, Smart Reply in Messages, Call Recording, and page summarization in Safari.

3. Finally, peers as smart as you are.*

Sidebar.

Getting promoted is hard. Being a leader is hard. And every day, there are a ton of things you'd love advice on, but there is no one to ask.
Blogs are okay. Podcasts are long. How the f*** are you going to level up without people to learn from?
Enter Sidebar. A staggering 93% of members say Sidebar has been a game-changer in their professional path. Using their matching engine and a unique vetting process, Sidebar finds your people. Sidebar's small groups are led by world-class facilitators, so you're never wasting time. Get the advice you need and get back to crushing your goals.
Learn more at sidebar.com, and see why over 35K top leaders from companies like Amazon and Microsoft have taken the first step towards career growth.

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*Sponsored.

4. IPOs raise $6.1B last week, highest since Dec. 2021, but slowdown is expected

Bloomberg.

$4.4B: Lineage's IPO.
- $0.5B: OneStream.
- Both traded up in their 1st days.
Aug.: no major IPOs are expected.

5. U.S. federal debt crosses $35T, with $27.8T held by public

U.S. Debt Clock.

Foreigners held ~$8.1T as of Q1.

Federal debt held by the public is expected to continue to rise as a percentage of GDP, assuming current deficits are left untouched by Congress

CBO.

6. Interesting videos, posts, and memes

AI and The Next Computing Platforms With Jensen Huang and Mark Zuckerberg

YouTube video by 20VC with Harry Stebbings

Delian Asparouhov: Inside the Walls of Founders Fund: What the World Does Not See | E1183

7. Other headlines

AI

Altana, AI logistics platform, raises $200M at $1B.
Robots.txt files must be updated constantly to block AI scrapers.

Athyna: hire incredible global talent with up to 80% savings vs. U.S. hires.*

*Sponsored.

Tech

Twitch's updated mobile app centers on TikTok-style feed.
Pinterest, LinkedIn team up with publishers to sell ads.
NASA, Boeing crew still stuck at ISS as return date in limbo.

Open Source CEO: learn how to be a leader and outperform the competition, with this free newsletter.*
Sidebar is a personal board of advisors for the next generation of leaders.*
Mercury makes startup finances simple.*

*Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes.

Tech & law

U.S. border agents must get warrant before phone searchers: court.
HPE likely to get EU nod for $14B Juniper deal.

Business

Bill Ackman's U.S. fund IPO sees Baupost opting out.

Crypto

tea Protocol: click to subscribe to tea's newsletter and learn more about how to get rewards for your open-source contributions.*

*Sponsored.

U.S. politics

Trump: "probably" will debate Harris, but may not.
Biden proposes 18-year term limits for SCOTUS.
Trump gunman started purchasing explosives online months before.

World

Venezuela's opposition say they have enough proof of fraud.
U.S. weighs sanctions on Venezuela based on vote transparency.
Netanyahu vows retaliation for Hezbollah strike.

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