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Top stories today: - Claude 3.5 Sonnet released, claimed to be slightly better than GPT-4o
- Starlink Mini launched for beta testers at $599
- Semiconductor VC funding at $1.9B in Q2, vs. $3.1B in Q2 2023
- China's subsidy per EV declines to $4.6K in 2023
- S&P equal weight unchanged since 2021
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0. Data and calendar |
| All values as of 4 AM ET / 1 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. Claude 3.5 Sonnet released, claimed to be slightly better than GPT-4o |
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Claude now splits the screen in 2 when asked to write code, text documents, or even website designs, showing its creation live |
| Claude 3.5 Sonnet for sparking creativity |
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Beta feature where users "can see, edit, and build upon Claude's creations in real-time, seamlessly integrating AI-generated content into their projects and workflows. Similar to ChatGPT's Code Interpreter.
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Claude 3.5 Opus and Haiku are coming "later this year" |
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| | Mercury simplifies your finances by powering them from the one thing every business needs: a bank account.* Not only does Mercury make it easy to tackle banking tasks in just a few clicks, its new software allows founders and finance teams to pay bills, send invoices, and close the books faster. The result is simplified financial workflows that make you more precise, give you more control, and help you work faster than ever.
| Join over 200K startups who use Mercury to simplify their finances today. | **Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes. |
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3. Starlink Mini launched for beta testers at $599 |
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$100 more than the normal Starlink ($499). 63% lighter, fitting in a backpack. July: when deliveries start.
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4. Semiconductor VC funding at $1.9B in Q2, vs. $3.1B in Q2 2023 |
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5. China's subsidy per EV declines to $4.6K in 2023, as industry received $231 over 15 years |
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51% of the subsidies since 2009 came as sales tax exemptions |
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6. S&P equal weight unchanged since 2021, highlighting outperformance of Big Tech stocks |
The S&P is only in the green once you give bigger weights to larger stocks: |
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7. Employment among disabled rises faster post-Covid due to remote work |
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8. Interesting videos, posts, and memes |
| In conversation with President Trump |
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| Before and After My $2m Anti-Aging Routine |
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9. Other headlines |
AI |
Cerebras, AI chip developer, files confidentially for IPO; last valuation $2.5B. Poolside in talks to raise $400M at $2B. HeyGen, AI video generation startup, raises $60M at $500M. Masa Son: "I was born to [realize] ASI," as he plans "super" AI.
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Tech |
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| *Sponsored. **Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes. |
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Tech & law |
TikTok: U.S. ban inevitable without court order. NY governor signs law banning addictive feeds for teens. Kaspersky software sales banned in U.S. due to Russia ties.
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Biotech |
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Crypto |
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U.S. politics |
Green cards for college graduates promised by Trump on All-In podcast. 2017 foreign profits tax left intact by Supreme Court. Judge Cannon rejects suggestions to step aside from Trump docs case. Trump raises $141M in May, with $171M in cash, vs. $85M / $212M for Biden.
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World |
Ukraine getting air defense interceptor missiles from U.S. U.S. tells Ukraine it can hit Russian forces across border. Putin threatens to send weapons to North Korea.
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