Good day valued readers,

We hope this week's carefully curated selection of news finds you well. In this edition, we cover the latest developments across investing, finance, crypto, AI, and other topics to help you stay informed.

As always, our goal is to provide you with a professional, unbiased roundup of noteworthy news to augment your understanding of what's happening in the world. We take pride in hand-selecting articles from trustworthy sources across a diverse range of industries.

Please enjoy this week's newsletter. We're grateful for the opportunity to share these insights with you and look forward to continuing to be a valuable resource.

Read time: 7 minutes

Sign Up to this newsletter.

Image of the week

Investing and Finance

Major tech giants Google and Microsoft joined the layoff wave amid industry turbulence, while Intel unveiled new AI chips to regain market share from rivals Nvidia and AMD. SoftBank shares surged on reports of activist investor Elliott Management pushing for a $15 billion share buyback. A survey indicated global central banks plan to increase US dollar reserves. The Blackrock-backed Texas stock exchange aims to increase access and transparency for retail investors. Brown-Forman stock fell as Jack Daniel's whiskey sales slumped and revenue dropped.

The diamond industry faces disruption as lab-grown diamonds drive down prices. The wealth of Reddit trader Roaring Kitty skyrocketed from $53,000 to nearly $300 million, potentially reaching $1 billion. The European Central Bank is set for its first rate cut since 2019. Nvidia's market capitalization crossed an astounding $3 trillion milestone. The US labor market continues its hot streak unseen since the 1960s, but sustainability remains a question. Robinhood acquired Bitstamp to expand its crypto and international business, while Lyft expects a jump in bookings and ad revenue.

1. Google, Microsoft Reportedly Make Job Cuts in Latest Hit To Tech Industry - Read more

2. Intel unveils new AI chips as it seeks to reclaim market share from Nvidia and AMD - Read more

3. SoftBank shares jump up to 6.3% on report that Elliott Management’s pushing for $15 billion in buybacks - Read more

4. Global central banks plan to increase dollar reserves, survey suggests - Read more

5. What You Need To Know About the Blackrock-Backed Texas Stock Exchange - Read more

6. Brown-Forman Stock Falls as Jack Daniel's Whiskey Sales Slump and Revenue Drops - Read more

7. The Diamond Industry Is Withering as Beautiful Lab-Grown Diamonds Drive Down Prices - Read more

8. How Roaring Kitty’s wealth went from $53,000 to nearly $300 million - and could one day top $1 billion - Read more

9. European Central Bank set to cut rates for the first time since 2019 - Read more

10. Nvidia Market Cap Crosses $3 Trillion - Read more

11. The Labor Market Hasn't Seen a Hot Streak Like This Since The '60s. Can It Last? - Read more

12. Robinhood Buys Bitstamp To Expand Crypto, International Business - Read more

13. Lyft Sees Bookings, Ad Business Jumping Over the Next Few Years - Read more

14. US prepares for antitrust clash with AI heavyweights Nvidia, OpenAI, Microsoft - Read more

15. The AI revolution is hotter than ever - but investors should be realistic about its timeline - Read more

Crypto News

Bitcoin ETFs resumed their inflow winning streak, with BlackRock's IBIT crossing $20 billion in assets under management. Deutsche Bank partnered with Bitpanda for real-time crypto payments, while Wirex announced a groundbreaking node sale for Wirex Pay. Investing experts cautioned that certain types of cryptocurrencies are among the riskiest assets. Coinbase rolled out a smart wallet with no gas fees and easy onboarding.

The Dogecoin craze taught valuable lessons about the internet and meme culture. Cardano's founder slammed media claims about the project dying, highlighting exciting updates instead. VanEck analysts projected Ethereum's price could hit $22,000 by 2030. Jim Cramer humorously asked the SEC chair about a potential BONK ETF approval.

Ethereum co-founder Vitalik Buterin responded to celebrity memecoins, questioning how to steer the industry in a better direction. Despite the speculative frenzy, experts emphasized caution when investing in highly volatile crypto assets. Overall, the articles covered key developments across major cryptocurrencies and trading products.

1. Bitcoin ETFs Resume Inflow Winning Streak; BlackRock's IBIT Crosses $20B in AUM - Read more

2. Deutsche Bank and Bitpanda join forces for real-time crypto payments - Read more

3. Wirex Announces Groundbreaking Node Sale for Wirex Pay - Read more

4. This type of coin is ‘among the riskiest of cryptocurrencies,’ investing expert says—here’s what to know - Read more

5. Coinbase rolls out smart wallet with no gas fees and easy onboarding - Read more

6. What Doge Taught Me About the Internet - Read more

7. Cardano Is Not Dying: Founder Slams Media Claims With Exciting Updates - Read more

8. VanEck Analysts See Ethereum Price Hitting $22,000 By 2030 - Read more

9. Jim Cramer Asks SEC Chair If There Will Be A BONK ETF - Read more

10. Ethereum Co-Founder Vitalik Buterin Responds To Celebrity Memecoins: 'How Do We Push Things In A Better Direction?' - Read more

Artificial Intelligence

AI is reshaping human relationships in various ways, while tools are emerging to monitor brain development in children using AI. Some explore whether AI could help improve sleep quality. The UN's "AI for Good" summit provided insights on the technology's potential. An individual tried using AI to soften professional emails with surprising success.

Controversially, a hacker released a "jailbroken" version of ChatGPT. JPMorgan will expand using an AI tool to help portfolio managers correct for bias, playing investment "Moneyball." An OpenAI insider estimated a 70% chance of AI catastrophically harming humanity. Stanford had to apologize after claims they copied a Chinese AI model.

ChatGPT experienced an outage but came back online. Cisco launched a $1 billion global AI investment fund. Researchers used AI to predict potential new antibiotics. Microsoft's chief scientist predicted AI will start prompting humans, not vice versa. Anticipation builds for Tim Cook to reveal Apple's AI plans to dominate the internet.

1. How Artificial Intelligence Is Reshaping Relationships - Read more

2. AI tool helps monitor brain development in children and identify neurodevelopmental delays - Read more

3. Is artificial intelligence the secret to better sleep? - Read more

4. What I learned from the UN’s “AI for Good” summit - Read more

5. I Tried AI to Soften My Professional Emails. It Worked Surprisingly Well - Read more

6. Hacker Releases Jailbroken "Godmode" Version of ChatGPT - Read more

7. JPMorgan will play more ‘Moneyball’ as the Wall Street giant expands use of an AI tool to help portfolio managers ‘correct for bias’ - Read more

8. OpenAI Insider Estimates 70 Percent Chance That AI Will Destroy or Catastrophically Harm Humanity - Read more

9. Introducing GPT-4o and more tools to ChatGPT free users - Read more

10. Stanford University team apologises over claims they copied Chinese project for AI model - Read more

11. ChatGPT is back online after an outage - Read more

12. Cisco Launches $1B Global AI Investment Fund - Read more

13. AI used to predict potential new antibiotics in groundbreaking study - Read more

14. Microsoft’s chief scientist: Step aside, prompt engineers—AI will start prompting you instead - Read more

15. Tim Cook is about to reveal Apple's plan to dominate the internet for another decade - Read more

Top Article Picks this week

Vinod Khosla and Marc Andreessen, billionaire tech investors, are at the forefront of the battle shaping AI's future. An article examines America's most ridiculous hiring hurdle that job seekers face. Science reveals the 9 parenting practices of the most successful kids' parents.

The life changes ahead for Donald Trump now that he's a convicted felon are explored. There's an argument made for why it's time to switch to a privacy browser. The secret to nurturing modern friendships is shared, according to real friends.

An intriguing rivalry between Khosla and Andreessen on steering AI's development is highlighted. Overcoming nonsensical hiring requirements is a challenge many professionals grapple with. Positive parenting strategies are outlined for raising accomplished children.

Trump's felony conviction will likely bring major lifestyle adjustments. Prioritizing online privacy by using secure browsers is advocated. Maintaining authentic friendships in today's world requires certain efforts.

1. Vinod Khosla, Marc Andreessen And The Billionaire Battle For AI's Future (Reading time: 14 min) - Read here

2. America's most ridiculous hiring hurdle (Reading time: 5 min) - Read here

3. Science Says the Most Successful Kids Have Parents Who Do These 9 Things (Reading time: 5 min) - Read here

4. How Trump’s Life Will Change Now That He’s a Convicted Felon (Reading time: 4 min) - Read here

5. It’s Time to Switch to a Privacy Browser (Reading time: 6 min) - Read here

6. The secret to modern friendship, according to real friends (Reading time: 10 min) - Read here

Weekly YouTube videos

Investment Bonus

🎇 DON'T MISS OUT ON THE OPPORTUNITY OF A LIFETIME !!!

❄ This is Your Golden Opportunity with a Provably Fair draw to become a winner! The lucky winner will win a Lamborghini Huracan LP 580-2 with delivery to the USA. If the winner wants the car in any other country, they will need to pay the excess shipping costs and any applicable taxes or fees. The winner can also opt to receive US $200,000 in lieu of the car, paid in bitcoins using the exchange rate after the lottery drawing has been done.

FreeBitco.in - WIN FREE BITCOINS EVERY HOUR! - Join Here!

Book of the week

In this seminal collection, Isaac Asimov solidified his reputation as one of the great visionaries of science fiction. The title story, "The Bicentennial Man" is a moving exploration of what it means to be human, as an advanced robot progressively gains sentience and desires the same rights as his creators. "The Life and Times of Multivac" envisions a future where humanity becomes dangerously dependent on a vast computer network's calculations.

The chilling "The Winnowing" depicts machines taking over from their human masters in a dark warning about unchecked technological progress. Asimov's trademark seamless blending of hard science and philosophy is on full display throughout. While some stories are clearly products of their era, the core themes about artificial intelligence's potential and threats feel just as relevant and thought-provoking today.

Asimov's witty, accessible prose pulls the reader into these richly-imagined worlds. An essential read for fans of classic sci-fi and a welcome provocation for anyone intrigued by the boundless—and perilous—possibilities of advanced technology.

And finally …

Do you want to get free shares worth up to €100?

Join Trading 212 Invest with this link, and we will both get FREE shares.

Thanks for reading!

If you like what you read, forward it to your friends, so they can sign up here.