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Markets are settling into holiday mode, with stock futures slightly down on the last full trading day before Christmas. Here’s where things stand today: * Nasdaq-100: +0.37% * S&P 500: +0.04% (flat) * Dow Jones: -0.22% On Friday, the S&P 500 rose 1.1%, recovering
Quantum computing stocks are taking off in 2024. Is this the start of something big? Let’s take a closer look Google’s Chip Changes the Game Google’s new Willow chip, a 105-qubit processor, hit a big milestone: * Fixed Errors: It solved a 30-year problem by cutting down error
Government surveys that track the economy are failing. Budgets are shrinking, people are skipping surveys, and economic data we rely on is becoming less trustworthy. This is a big deal—because when the numbers are wrong, decisions that affect markets, businesses, and everyday life go wrong, too. Here’s what’
The S&P 500 Value Index just dropped 3.7%, marking its longest losing streak on record. Meanwhile, Bitcoin smashed past the $100,000 mark, and the Nasdaq climbed to 20,000. To me, it seems that value stocks have been left in the dust, and investors chasing bigger
Almost $10 billion has poured into Bitcoin ETFs since the US election, pushing Bitcoin past the $100,000 mark for the first time. The momentum is crazy, with Bitcoin posting its best winning streak since 2021. With investors pouring in, knowing the risks are more important than ever. Bitcoin’s
Apple’s new partnership with OpenAI is a game-changer, but not in Microsoft's favor. By integrating ChatGPT without spending a dime, Apple is getting a major AI boost while Microsoft watches its $13 billion investment evaporate.
Did you catch the news? Apple is teaming up with OpenAI. They aren’t paying in cash but in "distribution" value, meaning Apple gets ChatGPT on its devices, and OpenAI gets exposure. I can already picture Satya Nadella pacing around, fuming that Microsoft isn't getting a dime from this partnership!
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Like Stealing Candy from a Baby: Apple's partnership with OpenAI won't cost any money, meanwhile, Microsoft has poured $13 billion into OpenAI, only to watch its exclusive grip on AI loosen.
With OpenAI's growing enterprise deals, what will happen to Microsoft? It’s not just about the dollars they’ve poured into OpenAI; it’s about the control they had.
Microsoft doesn’t just throw money at anything—they aim for dominance. And with Apple cozying up to OpenAI, it’s like having your arch nemesis slap you in the face.
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Commoditizing AI: Because of OpenAI's enterprise deals, this partnership highlights a shift in AI's role from a product to a feature that'll be used everywhere, like cloud computing.
We're already seeing AI pop up in the most unexpected places. Take Duolingo—they're using ChatGPT to create more interactive language lessons. Zillow's real estate tool uses AI to get accurate property valuations.
Apple’s distribution deal with OpenAI means that ChatGPT will be integrated into billions of iPhones, iPads, and Macs, revolutionizing our convenience. Meanwhile, Microsoft, despite its hefty investment, seems to be sidelined, stuck footing a part of the bill for powering those AI features through its Azure cloud services.
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Who's Paying? Since ChatGPT uses a f*** ton of energy (learn more on that here), costing almost $255 million per year, Microsoft might foot the bill for costs to use ChatGPT on Apple devices; this is because Microsoft subsidizes OpenAI's cloud computing through Azure.
So, what's the game plan for Microsoft? They’re banking on their cloud infrastructure to keep them ahead. The real challenge will be ensuring investment returns from OpenAI while developing their own AI, like Copilot, to stay competitive.