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Top stories today: - Harris, Trump at exactly 50% in Nate Silver's projections
- Anthropic releases Claude 3.5 Haiku with 4x price of predecessor
- OpenAI said to be in discussions with regulators to become for-profit
- Apple to provide limited ChatGPT access via Siri for free
- Palantir reports record profit on "unrelenting" AI demand
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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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Correction: yesterday's calendar showed an incorrect BioNTech's Previous data. It is correct now. |
Listen to our AI-generated podcast summarizing today's newsletter (beware the few hallucinations): |
| Bay Area Times Daily - Nov. 5, 2024 ► Play Online |
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1. Harris, Trump at exactly 50% in top forecaster Nate Silver's projections |
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Nationally, Harris is +0.1% in the polls. In PA, Trump is +0.4%. Pennsylvania is the most likely tipping point state, and whoever wins it has a ~90% chance of winning the election, according to Silver. Mon.: Harris was in Philadelphia's art museum and addressed a crowd. Trump was in Michigan and held his final campaign rally in Battle Creek. 5 PM ET: exit polls in non-battle ground states should come out. 6 PM ET: results are expected shortly after polls start to close then.
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Joe Rogan explicitly endorsed Trump while interviewing mega-donor Elon Musk |
 | Joe Rogan Experience #2223 - Elon Musk |
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| | Gain clarity and control to help connect your work to your business goals. Collaborate easily, communicate clearly, and bridge silos across your organization. Collaborate easily, communicate clearly, and bridge silos across your organization.
| | *Sponsored. |
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3. Anthropic releases Claude 3.5 Haiku with 4x price of predecessor |
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The price hike is to "reflect its increase in intelligence," Anthropic said. Claude 3.5 Haiku surpassed Claude 3 Opus' benchmark performance. Jun.: Claude 3.5 Sonnet was released; at the time, on par with GPT-4o, which has since surpassed it.
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4. OpenAI said to be in discussions with regulators to become for-profit company |
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California and Delaware attorneys general's offices are reportedly in talks with OpenAI. The nonprofit would continue to exist, OpenAI confirmed. Public benefit corporation is reportedly the structure OpenAI is considering. The $6.6B funding could become debt if restructuring isn't done in 2 years. 2019: when OpenAI created its capped for-profit subsidiary.
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5. Apple to provide limited ChatGPT access via Siri for free, with option for paid upgrade |
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iOS 18.2 beta 2 revealed a daily limit for ChatGPT access. Limited GPT-4o and DALL-E 3 access included under the free daily limit. Dec.: when iOS 18.2 will roll out with the AI integration.
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6. Palantir reports record profit on "unrelenting" AI demand |
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Palantir's quarterly revenue +30% to $726M in Q3 |
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+54% in U.S. commercial revenue to $179M. +40% in U.S. government revenue to $320M. Closed 104 deals over $1M.
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Palantir's stock was +14% to $47.09 ($93.88B market cap) in trading after the bell on strong results and forecast |
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7. Nintendo cuts annual profit forecast on slowing Switch demand |
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-10% in annual operating profit forecast to 360B yen ($2.36B) for FY2025 from 400B yen projected previously. -5% in net sales projected to 1,280B yen for FY2025. -7% in annual Switch sales outlook to 12.5M from the previous 13.5M projection.
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Switch sales were -31% to 4.72M units in the 6 months ended Sep. 30, vs. 6.84M units sold a year ago |
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8. PE investments in sports 2x'ed over past decade |
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~$11B invested in sports by PE funds in 2024 YTD, +20% from the $8.91B invested in 2023. 80 deals have been closed so far in 2024, vs. 113 in 2023.
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9. Interesting videos, posts, and memes |
 | Sam Altman: What Startups Will be Steamrolled by OpenAI & Where is Opportunity | E1223 |
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 | 7 $1M+ AI startup ideas you can launch tomorrow with $0 |
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10. Other headlines |
AI |
Physical Intelligence raises $400M from Jeff Bezos, Thrive Capital, Lux Capital. Meta's ex-hardware lead for Orion, Caitlin Kalinowski, is joining OpenAI. Instagram to use AI-based "adult classifier" to catch teens lying about age. T-Mobile agreed to pay OpenAI $100M over 3 years for AI deployments: report. Perplexity CEO offers AI services to replace striking NYT staff. Amazon Prime Video gets AI-powered recap feature for TV shows in U.S.
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Tech |
Apple explores smart glasses push with "Atlas" internal user study. ByteDance's international revenue +60% YoY to ~$17B in H1 2024: sources. Meta extends ban on new political ads past Election Day. Netflix removing nearly all of interactive titles as of Dec. 1.
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Tech & law |
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Biotech |
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Business |
NYT workers, including devs and data analysts, go on strike. Boeing strike ends as workers vote to accept contract. Taiwanese suppliers move production abroad after SpaceX requests: sources. Paramount chair to leave board after Skydance merger: report.
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Crypto |
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U.S. politics |
Elon Musk's America PAC can keep writing checks to voters, judge says. a16z donates $23M to crypto super PAC Fairshake for 2026 midterm election. U.S. states worried about election unrest take security precautions.
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World |
Russia launches Soyuz rocket with dozens of satellites, including 2 from Iran. 4-day ceasefire between Israel, Gaza increasingly unlikely. UN nature summit ends in limbo as countries spar over funding. Moldova's Sandu promises to bring change after narrow runoff win.
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