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- š¦ You better lawyer up, Altman
š¦ You better lawyer up, Altman
And Apple Watches are back (for now)
Hey there weekday warriors,
Cheer up. You could have a worse boss. Like the CEO of Wayfair, who told his employees in the company-wide holiday email that they need to stop being lazy.
Hereās what weāre getting into todayā¦
OpenAI better call Saul
Apple Watches are for sale again
MicroStrategy likes bitcoin more than El Salvador
Enjoy the next 4 minutes and 12 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
+ US stocks āwere higher after the close on Wednesday, as gains in the Consumer Goods, Healthcare, and Financials sectors led shares higher.ā (Investing.com)
+ The 10-year Treasury yield ādropped nearly 10 basis points to 3.78%." (CNBC)
+ Oil āprices dropped nearly 2% on Wednesday, eating into the previous day's gains as investors monitored developments in the Red Sea, where shippers are returning despite further attacks on Tuesday.ā (Reuters)
+ Bitcoin had a big day, climbing nearly 3%.
+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Marathon Digital +15.24% 2) Tesla +1.88% 3) Visa -0.08%.
You better lawyer up, a**holeā¦
(Source: Giphy)
Welp, if there was anyone left that didnāt know you could just use ChatGPT to circumvent the NY Times paywall, there isnāt nowā¦
Thatās because the NYT just filed a lawsuit against ChatGPT maker OpenAI and its sugar daddy, Microsoft, for āmass copyright infringement.ā Spoiler: OpenAI is having its Napster momentā¦
The Times sued both AI players, seeking ābillions of dollars in statutory and actual damagesā for āunlawful copying and use of The Timesās uniquely valuable works.ā
And theyāve got a pointā¦
OpenAI has been using The Timesā and pretty much everyone elseās data and content to train its large language models without so much as offering up a ChatGPT Plus discount codeā¦
The lawsuit points out that some ChatGPT responses are basically a copy-paste of Timesā articles. But thatās not the only thing that has the Timesā a** totally chapped. Sometimes ChatGPT attributes incorrect info to the newspaper and removes affiliate links from Wirecutter content. Listen, I hate to side with the Times, but this seems pretty open and shutā¦
Piling on
The NYT is just the most recent content creator to point out that OpenAIās business model is complete and utter bullsh*t.
A handful of authors have already lawyered up. And Axel Springer, which owns Business Insider and Politico, made a big enough stink that OpenAI cut a deal with them to use their content.
Just yesterday, rumors began swirling that Apple has begun talking to NBC, CondĆ© Nast, and others about licensing arrangements that would allow Apple to train their models with the publisherās content. The deals could be worth as much as $50Mā¦
Your move, OpenAIā¦ and Microsoft.
+ I became a millionaire at age 27āhere are 4 āunpopularā rules rich people follow that most donāt (Read)
+ Cars are losing their value at a slower rate (Read)
+ ICYMI... The Nasdaq Is About to Do Something It Has Only Done 5 Times Before. History Says This Is What Will Happen in 2024. (Read)
+ I have some bad news for the get-rich-quick schemers who loaded up on Apple Series 9 and Ultra 2 watches in hopes of selling them on the black market. An appeals court temporarily paused the import ban imposed on the timepieces by the International Trade Commission.
In case youāre not the kind of virgin who sleeps out in front of the Apple Store every time new AirPods drop, Apple was accused of copyright infringement for the blood oxygen monitor tech in a handful of its watches. Turns out Masimo, a healthcare company, originally developed the product.
The ITC forced Apple to halt sales, and the Biden administration refused to overturn the decision.
The temporary deal will allow the company to sell watches until the ITC offers a final decision. They have until January 10th to clap back.
Shares of Masimo fell about 4.5% on the day. (Read)
+ Real talk: why does MicroStrategy need 2.1k employees? Isnāt the entire company just Michael Saylor buying Bitcoin every few weeks (in between tweeting unhinged sh*t?)
MicroStrategy just bought another $615M worth of BTC between Thanksgiving and Christmas. Thatās 14,620 bitcoins. And it brings MSTRās total holdings to 185k bitcoin, worth just shy of $6B. (Read)
+ And this is why people say innovation is dead at Appleā¦
Appleās product design chief Tang Tan has jumped ship. Heāll join Jony Iveās company LoveFrom where heāll reportedly work on the Jony Ive-Sam Altman AI hardware product thatās being called the āiPhone of artificial intelligence.ā (Read)
+ How was your year-end bonus? Masa Sonās Softbank just scored $7.6B courtesy of T-Mobile. Softbank, which owned Sprint (friendly reminder: T-Mobile bought Sprint in 2020), had decided to forfeit a boatload of sharesā¦ unless the combined company hit a certain level. Welp, they hit that level last weekā¦
Softbank shares rose 4%, but more importantly, the cash gives Masa the war chest he needs to throw billions of dollars at the next Adam Neumann. (Read)
Here's what I'm keeping an eye on today...
+ The pending home sales index report drops
+ The launch window for SpaceXās latest US Space Force mission opens
Yesterday, I asked Whatās the move (work this week or use PTO)?
58.6% of you voted to work this week.
Hereās todayās questionā¦
Since itās that time of the year when insufferable people share their favorite books on LinkedIn (even though no one asked)ā¦
What was the best book you read this year?
Oh, and one more thingā¦
What did you think about today's newsletter? |
Does this look like the face of a guy you should take financial advice from?
No, itās the face of a God-fearing family man with sh*t-for-brains. So, act accordingly...
This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.