🗞️ Musk sues OpenAI

December 02, 2024   |   Listen Online   |   Read Online Brought to you by: Top stories today: Elon Musk files for injunction to halt OpenAI's for-profit transition Black Friday sales +5% to $74.4B, with U.S. hitting record $10.8B Michael Saylor pitches BTC to Microsoft in 3-minute presentation BTC ETFs now hold 1M+ of tokens, 5% of total supply Hyperliquid's newly launched HYPE token +134% after $1B airdrop Meta's Libra killed by Janet Yellen, exec alleges 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 of the few hallucinations): Bay Area Times Daily - Dec. 2, 2024 ►   Play Online 1. Elon Musk files for injunction to halt OpenAI's for-profit transition Microsoft and several OpenAI co-founders are named in the preliminary injunction. "Irreparable harm" if the injunction isn't granted, Musk's attorneys said. "Continuous to be utterly without merit," OpenAI said in response to the lawsuit. Relatedly, OpenAI has planned data centers in the U.S. Midwest and Southwest. 1B users target for 2025. Not "close to breaking even." 2. Tap Into Real Estate's Newest Trend Pacaso The Bay Area knows a thing or two about expensive real estate. Well, Pacaso brings co-ownership to vacation homeownership, slashing the costs. They've: Handed keys to 1,500+ homeowners Made over $100M in gross profits Opened investment to the public for the first time Learn more about becoming a Pacaso shareholder before their share price changes 12/5 Disclaimer: This is a paid advertisement for Pacaso's Regulation A offering. Please read the offering circular at invest.pacaso.com 3. Black Friday global online sales +5% to $74.4B, with U.S. hitting record $10.8B $74.4B vs. $70.9B in 2023, Salesforce estimated. +10.2% in the U.S. online spending on Black Friday, Adobe said. Mobile devices represented 55% of all online spend. +1,800% in GenAI chatbot-driven traffic to retail sites. Cyber Monday deals are likely to garner similar traction on Mon. 4. Michael Saylor pitches BTC to Microsoft in 3-minute, 44-slide presentation Michael Saylor's presentation. Saylor urged Microsoft's board to redirect financial resources into BTC. "It's time for Microsoft to evaluate its Bitcoin strategic options," he said. Bitcoin is outperforming $MSFT by 10x annually since 2020, Saylor noted Michael Saylor. MicroStrategy currently has 386.7K BTC ($37B). 5. BTC ETFs now hold 1M+ of tokens, 5% of total supply Bloomberg. Concentration risk has emerged as countries, including the U.S., are expected to stockpile BTC. Trump has promised to build a U.S. stockpile, but the market remains skeptical Polymarket. Demand for the BTC ETF has remained steady, with sustained inflows since its Jan. launch Bloomberg. 6. Hyperliquid's newly launched HYPE token +134% after $1B airdrop CoinGecko: HYPE price. Token trades at $9, up from its initial $4 price on Nov. 29. $3B current market cap. 310M were airdropped at HYPE's token launch. Hyperliquid is a new Layer 1 focused on building a "decentralized perpetual exchange with best-in-class speed, liquidity, and price." 7. Meta's Libra project killed by Treasury Secretary Janet Yellen, David Marcus alleges X: David Marcus. 2 weeks after Libra's launch in Jun. 2019, the Meta team was called to testify. Fed Chair Powell was ready to allow Libra but was warned by Yellen that it would "political suicide", Marcus said. Senators Schatz and Brown warned Libra members of full business scrutiny if they continued, Marcus said. 8. AI-powered Death Clock app uses longevity studies to predict lifespan Available for download on iOS and Android. 125K downloads since launch in Jul. 53M participants involved in its training. Diet, exercise, stress levels, and sleep are used for the likely death prediction. $40/year for habit improvement tips and a death countdown clock. U.S. life expectancy is the lowest among other developed nations, remaining below 80 Bloomberg, Peterson-KFF Health System Tracker. 10% probably of dying in a year for an 85-year-old in the U.S., per the Social Security Administration. 9. iPhone 16 models emerge as best-selling smartphones in U.S. in Sep. Counterpoint. 10. Interesting videos, posts, and memes #75: The Rise of the Tech Bro How This Guy Makes His Entire Year's Revenue in Black Friday WEEK Guy Podjarny: The Future of AI Software Development - What is Real & What is BS | E1232 11. Other headlines AI AWS brings new GenAI features to Amazon Connect. Tech Fidelity marks up value of Elon Musk's X stake by 32%, still -72% from start. China's BYD now assembles 30% of all iPad models. Y Combinator's Demo Day back in person: audience of 1.5K investors, invite only. Baidu wins license to test autonomous vehicles in Hong Kong. Top-Quality Talent, 70% Cost Savings—Meet Athyna.* *Sponsored. Tech & law Biden admin unveils new curbs on sale of memory, chipmaking gear to China. OpenAI sued by top Canadian publishers over AI copyright. Biotech Ergothioneine supplementation shows potential in slowing cognitive decline. Blue Zone hypothesis may be infected with fake centenarian data. Gut microbiome linked to longevity in Mendelian randomization study. Crypto Ripple becomes #3 cryptocurrency as it flips Solana, USDT. Trump's SEC chair likely to withdraw crypto-related lawsuits. Downing Tech: consulting on decentralised technologies.* *Sponsored. Business Stellantis stock -9% after CEO leaves. U.S. politics Hunter Biden pardoned by President Biden. Bernie Sanders says Elon "is right" in supporting defense cuts. World Syria launches counterattacks in attempt to stop insurgency. 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. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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