🗞️ OpenAI agent release

November 14, 2024   |   Listen Online   |   Read Online Brought to you by: Top stories today: OpenAI said to launch AI agent to automate user tasks in Jan. CPI, Core CPI meet estimates as inflation remains above target Polymarket under DOJ investigation for allegedly accepting U.S. bets BTC crosses $93K amid Trump-fueled rally Follow us on X | Instagram | Advertise 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). All times are ET. Listen to our AI-generated podcast summarizing today's newsletter (beware the few hallucinations): Bay Area Times Daily - Nov. 14, 2024 ►   Play Online 1. OpenAI said to launch AI agent to automate user tasks in Jan. DALL-E generated an image depicting OpenAI's AI agent for automation. Codenamed "Operator," the tool could use a computer and act on user's behalf. Jan: research preview and API launches, OpenAI leaders reportedly said in a staff meeting. Multiple AI agent projects are said to be in development by OpenAI. A general-purpose browser-based tool is reportedly closest to completion. Diminishing returns from large AI models drive search for alternatives. 2. Money Pickle: Easy Access to Trusted Financial Advice Anytime, Anywhere* Money Pickle Money Pickle makes it easy to connect with a financial advisor online; no need for in-person visits, just schedule a call or video chat from home. You start by answering a few questions, then you can book a free initial consultation; if you need more help, you can continue with your advisor for a fee. The platform prioritizes safety, using secure data practices and carefully screening all advisors, including verifying their credentials with FINRA. Users really like Money Pickle; it's rated highly on Google and Reddit for being accessible, with knowledgeable advisors and solid customer support. Get Started with Your Free Consultation Today! *Sponsored. 3. CPI, Core CPI meet estimates as inflation remains above target CPI: +0.2% MoM / +2.6% YoY in Oct., in line with estimates, from 0.2% / 2.4% in Sep. Core CPI: +0.3% / +3.3%, also in line, from 0.3% / 3.3%. Markets still price in another -25 bps move in Dec. and 2 more throughout 2025, with rates ending the year at 3.75% - 4.00% CME FedWatch Tool. 4. Polymarket under DOJ investigation for allegedly accepting bets from U.S. users Polymarket CEO Shayne Coplan's phone and electronics have been seized by the FBI: X: Shayne Coplan. Politically motivated FBI search, Polymarket claimed. A 2022 CFTC agreement restricts Polymarket from allowing U.S. traders. Nov. 5 election boosted Polymarket's presence. Users wagered substantial funds on presidential candidates. 5. BTC crosses $93K amid Trump-fueled rally CoinMarketCap. Trump's victory has been boosting cryptocurrency prices on hopes of regulatory ease 6. Chinese tech stocks -20% from Oct. high Bloomberg. -3.1% in Hang Seng Tech Index on Thu with JD.com and Xiaomi among the top sliding stocks. -1.7% as CSI 300 Index posted its biggest drop in a month. 7. Cisco revenue -6% to $13.8B, marking 4th consecutive declining quarter Cisco. -25% in Q1 net income to $2.7B from $3.6B a year earlier. -23% in networking revenue to $6.8B, while the security revenue was +100% to $2B. Cisco's stock was -3% to $57.38 ($236B market cap) in trading after the bell on the negative results MarketWatch: Cisco stock. 8. U.S. real estate startups raise $3.5B YTD, on track to face lowest funding in years Crunchbase. 261 deals have been closed so far, vs. 448 in 2023. 9. Manhattan median rent on new leases +2.4% YoY to $4,295, 1st annual gain since Apr. Bloomberg. 10. Interesting videos, posts, and memes Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 Decart's Dean Leitersdorf on AI-Generated Video Games and Worlds There's No Wave Function? | Jacob Barandes 11. Other headlines AI NVIDIA to ready Jetson Thor humanoid computers in 1H 2025. CoreWeave closes $650M secondary share sale at $23B valuation. NVIDIA B200s 2x speed of H100s in MLPerf v4.1 benchmark. xAI's 100K H100 megacluster in Memphis built in 122 days. Zero Gravity Labs raised $40M in seed round for building decentralized AI OS. DeepL brings DeepL Voice for real-time, text-based voice, video translations. Top-Quality Talent, 70% Cost Savings—Meet Athyna.* Money Pickle: Ready to take control of your financial future?* *Sponsored. Tech Amazon Haul debuts: discount store with everything under $20. AMD to cut 4% of jobs, about 1,000 employees. Thrive Capital said to be in talks with Databricks to invest ~$1B. Spotify plans to incentivize video creators starting Jan. 2025. hear.com's groundbreaking devices that make everything loud and clear* *Sponsored. Tech earnings Foxconn Q3 revenue +20% YoY to $57.01B, $1.5B net income. Tech & law Apple faces UK class action over data storage allegations. Meta must face antitrust trial over Instagram, WhatsApp deals, judge rules. Biotech Gubra's weekly amylin obesity drug shows 3% weight loss in 6-week Phase 1. Lilly expands research in Singapore with focus on sleep quality. Business Kuwait said to replace head of $1T wealth fund KIA. Lulu falls in debut after mega Abu Dhabi IPO. Crypto Gary Wang, former FTX coder, built software tool to help U.S. find fraud. UK plans crypto regulation revamp to challenge Trump's benefits. South Korea arrests 215 on suspicion of stealing $229M in crypto scam. U.S. politics Matt Gaetz picked as next Attorney General: 37% odds on Polymarket. John Thune elected as next Senate majority leader. Treasury pick: Lutnick now top contender alongside Bessent: sources. UFO-related testimony to Congress: "we are not alone." World Ukraine prioritizes security, not territory, as Trump pushes truce talks. West Bank annexation could be backed by Trump admin: new ambassador pick. Israel hopes Trump win builds Middle East cooperation: official. Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below). Share Bay Area Times Share our newsletter with your friends and get free Bay Area Times rewards! You currently have 0 referrals, only 1 away from receiving our Generative AI Unicorns Database. Click to Share Or copy and paste this link to others: https://www.bayareatimes.com/subscribe?ref=UbEAXR818y What did you think of today's newsletter? ⭐️⭐️⭐️⭐️⭐️ Amazing! ⭐️⭐️⭐️ OK ⭐️ Bad Advertise on the Bay Area Times Disclaimer: The Bay Area Times is a news publisher. 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