June 21, 2024 | Read Online

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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).

All times are ET.

1. Claude 3.5 Sonnet released, claimed to be slightly better than GPT-4o

Anthropic.

No independent analysis from Artificial Analysis or LMSYS Chatbot Arena yet.

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

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.

Claude 3.5 Opus and Haiku are coming "later this year"

Anthropic.

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Mercury.

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3. Starlink Mini launched for beta testers at $599

X: Sawyer Merritt.

$100 more than the normal Starlink ($499).
63% lighter, fitting in a backpack.
July: when deliveries start.

4. Semiconductor VC funding at $1.9B in Q2, vs. $3.1B in Q2 2023

Crunchbase.

5. China's subsidy per EV declines to $4.6K in 2023, as industry received $231 over 15 years

Bloomberg.

Canada is reportedly preparing EV tariffs, after U.S. and EU.

51% of the subsidies since 2009 came as sales tax exemptions

CSIS.

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:

WSJ.

Likely caused by internet-related winner-takes-most dynamics and economies of scale.

7. Employment among disabled rises faster post-Covid due to remote work

Bloomberg.

8. Interesting videos, posts, and memes

In conversation with President Trump

Before and After My $2m Anti-Aging Routine

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.

Nebius AI: Fight for the best price on your H100 GPU cluster.*
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Tech

Revolut seeks valuation of $40B+ in employee share sale.

Axios Pro: Deals Tracker does smarter analysis across VC, PE and M&A.*
Mercury simplifies your financial workflows.**

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Tech & law

TikTok: U.S. ban inevitable without court order.
- DOJ lawsuit to focus on children's privacy.
NY governor signs law banning addictive feeds for teens.
Kaspersky software sales banned in U.S. due to Russia ties.

Biotech

Alzheimer's gene that delays symptoms by 5 years discovered.
Longevity Summit Dublin: highlights.

Crypto

MicroStrategy acquires 12K more BTC after $800M convertible notes.
Solana ETF proposal emerges in Canada.
Martin Shkreli's Trumpcoin involvement raises legal questions.
Jump Crypto being probed by CFTC.

Uniswap: simple, secure and lightning-fast swapping with the Uniswap web app.*

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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.
- Tim Mellon gives $50M to Trump super PAC.
- Bloomberg gives $20M to Biden.
- Winklevoss twins donate $2M in Bitcoin to Trump.

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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