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Top stories today: - DOJ to push Google to sell Chrome, uncouple Android from Play Store
- Perplexity brings AI-powered shopping assistant to challenge Google
- MicroStrategy makes $4.6B BTC purchase to boost crypto strategy
- Mistral launches Le Chat chatbot platform to rival OpenAI's ChatGPT
- Elon predicts AGI in 2025, "at the latest" in 2026
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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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Listen to our AI-generated podcast summarizing today's newsletter (beware the few hallucinations): |
| Bay Area Times Daily - Nov. 19, 2024 ► Play Online |
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1. DOJ to push Google to sell Chrome, uncouple Android from Play Store |
 | A graphical representation generated using OpenAI's DALL-E. |
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Wed: DOJ officials will urge Judge Amit Mehta to mandate the sale of Chrome. Imposing data licensing and taking AI-related measures are also in plans. Uncoupling Android from Search and the Play Store would also be proposed. Google argued these proposals would harm consumers and devs, especially given these products are free.
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Google parent Alphabet's stock was -1% to $173.50 ($2.14T market cap) after the bell |
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3. Perplexity brings AI-powered shopping assistant to challenge Google |
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Shopping recommendations are integrated into search results. Pricing and seller info appear in shopping-related search queries. Easy checkout through search results is also available. "Snap to Shop" visual search tool shows relevant products based on photos. Perplexity's U.S paid users have received the new shopping experiences.
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4. MicroStrategy makes record $4.6B BTC purchase to boost crypto strategy |
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~51.8K BTC were purchased between Nov. 11–17, compared to the 27.2K in Oct. 31–Nov. 10. 13.6M shares were sold last week to fund BTC purchases. $30B in BTC is now the company's total holding. Oct. 30: MicroStrategy announced a $21B equity sale plan to buy more BTC.
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5. Mistral launches Le Chat chatbot platform to rival OpenAI's ChatGPT |
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Mistral says Le Chat has ChatGPT's paid features, but for free |
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Relatedly, Mistral has introduced the 124B-parameter Pixtral Large, open weights for non-commercial use |
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The Pixtral Large competes with Llama-3.2 (90B), GPT-4o, Claude-3.5 Sonnet, and Gemini-1.5 Pro. Mistral Large 2 powers the open-weight multimodal model. Mistral Large 24.11 has also debuted as an upgrade to the previous Mistral Large 24.07.
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6. Elon predicts AGI in 2025, "at the latest" in 2026, "there will be no shortage of goods and services" |
"Smarter than any human," he defines AGI, adding "please be nice to us, AGI": |
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7. Global unicorn count -55% YoY, with 5 new unicorns added in Oct. |
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4 of the new unicorns are from the Bay Area, while the other is headquartered in London but operates in Africa. $7B+ value added by the new unicorns. 1,550+ unicorns are in total, collectively valued at $5.3T. 5 unicorns exited in Oct., last valued at $12.5B jointly.
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8. Global cloud spending +21% YoY to $82B in Q3 |
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AWS, Azure, and Google Cloud accounted for 64% of spending. +26% YoY in combined spending for the top3 providers. AWS maintained consistent growth with a +19% in spending. Microsoft Azure saw a +33% growth, while Google Cloud achieved +36%.
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9. 21% of U.S. adults get news from social media influencers |
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63% of news influencers are men, while 30% are women |
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More news influencers are on X than any other social media sites |
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10. European VC on track to hit $45B in 2024, slightly down from 2023 |
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11. Interesting videos, posts, and memes |
 | Apocalypse Now? Peter Thiel on Ancient Prophecies and Modern Tech |
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 | AI Doom Debate: Vaden Masrani & Ben Chugg vs. Liron Shapira |
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 | Alain De Botton: Why Status is Making You Miserable & Why Parents Want Their Kids to Fail | E1227 |
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12. Other headlines |
AI |
Amazon employees found delays in AI-based Alexa's response, memo reveals. Huawei's plan to make NVIDIA-like chips getting hit by U.S. curbs.
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Tech |
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Tech & law |
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Biotech |
Novartis taps Ratio for $745M radiopharmaceutical pact. Regenxbio starts pivotal study for DMD gene therapy. Exercise reduces risk of atrial fibrillation.
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Business |
Boeing to cut 2.5K jobs in U.S. as part of sweeping layoffs. Beijing vows to open up markets, backs Hong Kong amid geopolitical tensions. Nippon Steel halts imports from overseas mills to secure U.S. Steel deal.
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Crypto |
Trump's social media group in talks to buy crypto platform Bakkt: sources. Coinbase CEO Brian Armstrong to meet Trump privately. Kalshi says only Congress can ban election betting in filing with appeals court. Kraken's interlocutory appeal attempt blocked by California judge. Bitfinex hacker Heather "Razzlekhan" Morgan sentenced to 18 months.
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U.S. politics |
Sean Duffy, former congressman, Fox host, tapped to be transp. secretary. Gaetz accused of sending Venmo payments "for sex" and drugs: attorney. House Ethics panel to meet Wed. amid calls for report on Trump pick Gaetz. Trump personally calling senators asking for Matt support.
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World |
Ukraine hits Russian territory with ATACMS for 1st time: report. 2 undersea internet cables in Baltic Sea disrupted, Russia could be culprit. Hong Kong jails 45 democrats for up to 10 years in landmark trial. Israel finds troves of Russian weapons in Hezbollah's hands. China seeks to resume direct flights with India as tensions ease.
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