AkhenOsiris
*** Alert ***

This is a feel good capitalism story amongst all the anger out there.

3 of my passive 🐵 buddies have locked in their profits today from SMCI and a few other semis. They are tech finance nerds, so understand very well how markets work, not the guy in mom's basement. Generated well over 7 figure gains since last year on their semi portfolios.

One said to me this morning "both my kids' education funds are now complete" and another said "I just bought my parents vacation house on the beach this morning back in their home country".

I don't give a flying fuck if markets are broken, but I'm happy as hell to hear the above 👍🏼
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AkhenOsiris
Are video game makers AI beneficiaries? Losers? Neutral?
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AkhenOsiris
Will be lots of "how can the market work without Apple?" commentary kicking up again (right @jkrinskypga ?)
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BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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BizToc
4) Vietnam's Historic Fraud Trial —

Vietnam begins trial in a massive $12 billion fraud case, marking a significant move in its anti-corruption efforts. #Fraud
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BizToc
3) Apple Hit with EU's $2B Fine —

EU fines Apple nearly $2 billion for anti-competitive practices in music streaming, shaking up the tech industry. #Antitrust
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BizToc
2) Ford's Electrified Sales Surge —

Ford reports significant sales increase, led by hybrids and EVs, signaling robust growth in the electric vehicle sector. #EVs
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BizToc
📰 BizToc.com Hourly News Flash

1) China's Confident Growth Ambitions —

China announces an assertive GDP growth target, fueling confidence and exhibiting economic resilience. #GDP
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Ben's Bites
RT @_philschmid: Claude 3 is here! @AnthropicAI just released Claude 3, outperforming the original @OpenAI AI GPT-4 results! 🤯 Claude 3 also comes with Vision support similar to GPT-4V. 👀

TL;DR;
🚀 3 different versions (Opus, Sonnet, Haiku)
🥇 Opus (best models) outperforms GPT-4 and Gemini 1.0 Ultra
📚 200k context window
🖼️ Vision support (59% on MMMU)
⚡ Sonnet is 2x faster than Claude 2
🤖 Can be used for task automation/agent workflows
🌐 Sonnet available in @awscloud Bedrock and private preview on @Google Cloud’s Vertex AI Model Garden → Opus and Haiku coming soon
🔜 Soon: function calling & interactive coding (REPL)

Cost:
Opus: $15/1M input (0.5x of GPT-4); $75M output (1.25x of GPT-4)
Sonnet: $3/1M input (0.33x of GPT-4 Turbo); $15M output (0.5x of GPT-4 Turbo)
Haiku: $0.25/1M input (0.5x of GPT-3.5 Turbo); $1.25M output (1.2x of GPT-3.5 Turbo)
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BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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BizToc
4) China's 5% GDP Growth Target —

In the face of mounting challenges, China sets an ambitious GDP growth target of around +5% for 2024 at the National People's Congress. #ChinaGDP
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BizToc
3) 5G Revolutionizing Healthcare —

The 5G healthcare market is projected to skyrocket, hitting over $59.9 billion by 2031, revolutionizing medical services delivery. #5GHealthcare
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BizToc
2) UnitedHealth's $22M Ransom Payment —

A hacker forum post reveals UnitedHealth Group allegedly paid a massive $22 million ransom to retrieve compromised data. #RansomPayment
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BizToc
📰 BizToc.com Hourly News Flash

1) Elon Musk Sued Over Twitter Severance —

Four former Twitter executives file lawsuit against Elon Musk for over $128M in unpaid severance, intensifying post-buyout legal battles. #TwitterLawsuit
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BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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BizToc
4) EU's $2B Apple Crunch —

The EU fines Apple a hefty $2 billion over unfair music streaming competition rules, signaling stricter regulatory actions. #Antitrust
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BizToc
3) US Economic Security Turns Gloom —

America's economic security policies get a shade darker, hinting at tougher times and potential shifts in global dynamics. #EconomicPolicy
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BizToc
2) Orbital Pollution Watch —

A cutting-edge pollution monitor has been launched into space, set to revolutionize environmental data collection. #SpaceTech
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