Weekly Market Report. December 15, 2023

Greetings, curious minds! Join us on a journey into the cutting-edge. This newsletter unveils the latest trends shaping our world.?

Let's explore together! ????

?? Top Read

OpenAI, Meta, Microsoft Chase Wearable AI ??

As they release more powerful AI that can understand images and language, Meta Platforms, Google, Microsoft, OpenAI and others are racing to apply the technology to smart glasses and other wearable devices with forward-facing cameras.

No rate cuts ahead in Europe ??

Central banks in Europe and the U.K. kept interest rates at historically high levels on Thursday, while officials pushed back on expectations that borrowing costs would be lowered anytime soon.

Citadel’s Ken Griffin Taps St. Patrick’s Air Rights to Boost NYC Office Tower ??

Citadel’s Ken Griffin is in contract to purchase air rights from St. Patrick’s Cathedral in Manhattan to build a giant skyscraper that will house Citadel on Park Avenue.

?? Market Data

?? Important News This Week

AI

• Microsoft drastically expands Azure AI Studio
• Intel unveils new AI chip to compete with Nvidia and AMD
• DeepMind AI outdoes human mathematicians?

Tech

• Apple to switch to OLED displays for iPads and MacBooks
• Google will turn off third-party tracking
• SpaceX to Test Cellular Starlink on Phones

Business

• TikTok quietly changes user terms amid growing legal scrutiny
• US judge tentatively rules Musk must testify again in SEC
• Argentina Still Plans to Dollarize

Crypto

• Bloomberg analyst explains plan forward for spot bitcoin ETF?
• South Korea Central Bank Governor Urges Action on CBDCs
• Bitcoin Moguls Convene in Montenegro to Mull Hydro BTC Bonds?

?? Meme of the Week

?? Notable Companies Secure Impressive Investments

• Dynamic has raised $13.5M in a Series A funding round led by a16z
• Andalusia Labs has raised $48M in a Series A funding round led by Lightspeed Venture Partners
• NodeKit has raised $1.2M in a Pre-Seed funding round led by Borderless Capital
• LINE NEXT has raised $140M for global NFT platform expansion
• Lolli has raised $8M in a Series B funding round led by Bitkraft Ventures

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Sincerely,

Constantin Kogan

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