Wealt Roundup #71

Good morning ??

Welcome to the new edition of Wealt Weekly Roundup. Our app is available on Google Play - check it out! ??

This week's highlights include Trump urging SpaceX to return astronauts, Lyft integrating Anthropic 's AI, and Perplexity launching a Super Bowl contest, OpenAI debuts Deep Research, Mistral AI releases an AI assistant, and Stripe acquires Bridge .

Plus, is the 60/40 portfolio still relevant? ??

Stay informed with Roundup – your guide to finance and tech trends!

Highlights from Wealt

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Portfolio news

President Donald Trump has urged Elon Musk's SpaceX to expedite the return of NASA astronauts Butch Wilmore and Suni Williams, whom he claims are "stranded" on the International Space Station (ISS). However, NASA has clarified that the astronauts are not stranded and that a plan is already in place for their return in March via a SpaceX mission. In June, the astronauts were initially sent to the ISS in Boeing's Starliner capsule.

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Lyft has partnered with Anthropic to integrate AI tools into its customer care operations. Utilizing Anthropic's Claude AI model via Amazon's Bedrock platform, this collaboration has significantly reduced average customer service resolution time by 87%, handling thousands of inquiries daily. Lyft assures that human agents will still manage complex issues like safety and fraud concerns.

Read more.

John Schulman, co-founder of OpenAI, has left Anthropic, he joined last year. Anthropic's Chief Science Officer, Jared Kaplan, expressed disappointment over his departure but supported Schulman's decision to seek new opportunities. Schulman had moved to Anthropic to focus more on AI alignment and hands-on technical work.

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Anthropic has implemented a policy requiring job applicants to refrain from using AI tools when submitting applications. The company emphasizes the importance of understanding candidates' genuine interest and evaluating their unassisted communication skills. This policy applies to all positions within the company.

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Groq has announced the availability of the DeepSeek-R1-Distill-Llama-70B model, a fine-tuned AI designed for tasks requiring mathematical and factual precision. This model delivers top-tier performance on benchmarks like MATH-500 and AIME 2024.

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Perplexity AI is hosting a Super Bowl contest, offering a substantial cash prize to attract new users. The initiative aims to increase engagement and showcase the platform's capabilities.

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Aravind Srinivas, CEO of Perplexity AI, has publicly challenged Elon Musk and former President Donald Trump regarding their stance on USAID funding. Srinivas claims he seeks to secure $500 billion in funding from USAID despite Musk and Trump's opposition.

Read more.

Market updates

• ?? OpenAI has introduced Deep Research, a new initiative to advance AI-driven research by collaborating with global experts to tackle complex scientific and technological challenges.
• ?? A U.S. senator has raised concerns over national security risks after DOGE was reportedly granted access to sensitive Treasury data, fueling debates over AI governance.
• ?? The latest global economic report from the BBC highlights increasing concerns over inflation, supply chain disruptions, and shifting market dynamics affecting financial stability.
• ?? Mistral has launched its AI assistant on iOS and Android, expanding its AI-powered chatbot capabilities to mobile users as competition in the AI assistant space intensifies.
• ???? OpenAI has introduced data residency options in Europe, allowing businesses to store and process data within the region while complying with stricter EU privacy regulations.
• ?? Elon Musk has moved to dismiss a lawsuit against Tesla, which alleges the company used AI-generated imagery inspired by ‘Blade Runner’ without proper licensing.
• ?? Cybersecurity company SailPoint has announced its IPO, marking a significant step in its growth strategy amid rising demand for AI-driven security solutions.
• ?? ByteDance has unveiled Omnihuman 1, an AI tool designed for visual creators that promises hyper-realistic digital humans, sparking debate on its industry impact.
• ?? Ontario has reversed its decision to cancel a $68 million Starlink contract, reinstating the deal after backlash over U.S. trade tariffs.
• ?? Kakao and OpenAI announce strategic collaboration, aiming to popularize AI services through technical cooperation and expanding OpenAI’s integration within Kakao’s digital ecosystem.
• ?? This week, we witnessed three major layoffs: Okta cutting 180 jobs, Workday laying off 1,700 employees, and Salesforce eliminating over 1,000 positions to refocus on AI initiatives.
• ?? The EU is tightening regulations on e-commerce giants like Shein and Temu, increasing scrutiny on product compliance and tax collection.
• ?? Google DeepMind has released updates to its Gemini 2.0., enhancing its reasoning, speed, and multimodal capabilities across different applications.
• ?? Stripe has completed its acquisition of Bridge, a move expected to strengthen its position in the embedded finance and payments market.
• ?? Crypto exchange Gemini is reportedly in talks to pursue an IPO, aiming to go public as the regulatory landscape for digital assets continues to evolve.

Wealt blog spotlight

This week’s selected blog is, Is 60/40 Portfolio Dead?

The traditional 60/40 portfolio, a long-term staple of investment strategy, faces challenges due to low bond yields and weakened stock-bond diversification. As market dynamics shift, investors are exploring alternatives like the 40/30/30 approach, incorporating private equity, real estate, and other assets to enhance diversification and resilience. While not entirely obsolete, the 60/40 model may need adjustments to remain effective in today’s evolving financial landscape.

Read more.

Stay ahead of the curve…

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With warm regards and enthusiastic spirits,

Wealt Team ???