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BizToc
📰 BizToc.com Hourly News Flash

1) HSBC Hits Snag with China Investments —

HSBC's 2023 report reveals profits undercut by $3B due to China investments, raising questions about the bank's future strategy. #HSBCChina
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👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) Wyze Security Breach Exposed —

Popular smart home company Wyze suffers a breach, inadvertently allowing 13,000 customers to access each other's camera feeds. #WyzeBreach
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3) Bezos Offloads Amazon Shares —

Jeff Bezos sells $8 billion worth of Amazon shares, sparking debates on his confidence in the e-commerce giant's future. #BezosSale
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2) NY AG Threatens Trump Asset Seizure —

New York's Attorney General intensifies legal pressure on Donald Trump, threatening to seize Trump Building if a $355 million debt isn't settled. #TrumpDebt
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BizToc
📰 BizToc.com Hourly News Flash

1) China Puts Brakes on Quant Trading —

China's clampdown tightens on quant trading, freezing accounts of a top fund and signaling increased oversight in the finance sector. #QuantCrackdown
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Hidden Value Gems
Good old days: during 2000-2010, Altria (with declining sales volumes) outperformed still growing Microsoft.

I wonder what stock or sector could be today’s Altria? Could this be Energy or Banks? China, dare I say?

The chart is from Andrew Hunt’s book Better Value Investing (ex Baillie Gifford PM). I read it in one evening. $MSFT $MO #investing
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Hidden Value Gems
“The UK has fewer homes per adult than most of its European neighbours, like France, Italy and Spain.” via @FT

The charts highlighting the state of housing undesupply in the UK

👇🏼 $VTY.L
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Hidden Value Gems
“The key to good decision-making is not knowledge. It is understanding. We are swimming in the former. We are desperately lacking in the latter.”

- Malcolm Gladwell, Author
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Ben's Bites
today in AI:

1/ Gemini Advanced can now run Python code without having to copy-paste into Colab, or your IDE. You can also edit the code within Gemini’s sandbox.

2/ Adobe announces its own “chat with PDF”. Finally, we covered that @Adobe’s working on one in early December. It’s called AI assistant in Acrobat and launched in beta for paying users. More deets: bensbites.beehiiv.com/p/adob…

3/ Scale AI signs 1 year contract with Pentagon. @scale_AI will help build tools that test and evaluate LLMs and their performance in different domains for defence officials. Our summary: bensbites.beehiiv.com/p/scal…

PLUS: Google just released Gemma! blog.google/technology/devel…
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AkhenOsiris
$BYND is utilizing AI for fake meat

BEYOND MEAT UNVEILS FOURTH GENERATION OF CORE BEEF PLATFORM $BYND - FSMN
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AkhenOsiris
Apple introduced its first sports-specific app Wednesday as the tech behemoth continues expanding its fan offerings.

Apple Sports is primarily a scores app, offering quick access to the status of live events. The app also offers the ability to favorite certain sports and teams or—notably—check out live odds in partnership with DraftKings.

“You can obviously get scores in many places today, but I don’t think anybody is focused and dedicated on the concept of live and making it simple, clean, fast like we’ve done,” Apple SVP of services Eddy Cue told Sportico in a video demonstration and interview. “We’ve spent an incredible amount of engineering on this.”

He added that work on the app has spanned the last year. In particular, developers identified multiple data providers for various sports to ensure high-speed, accurate info delivery.

Any chance $GENI involved?
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