Weekly Market Report. February 2, 2024

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 Reads

Bard generates photos now, finally ??

Google’s Bard chatbot is adding AI image generation, catching up on a feature that rival ChatGPT Plus has had for months. Users can prompt Bard to generate photos using Google’s Imagen 2 text-to-image model.?

Tesla Recalls Millions of Vehicles Over Latest Safety Flaw ??

Tesla has issued a recall notice covering nearly all of the electric vehicles it has sold in the U.S. over problems with warning lights, its biggest safety fix to date and the latest in a series of setbacks for the automaker.

Stock Bulls Cheer Signs Economy Is ‘Ripping Ahead’ ??

The stock market extended this week’s gains amid a rally in big tech and as a solid jobs report bolstered the outlook for corporate profits.

?? Market Data

2024 Halving Date ETA: April 12, 2024

?? Important News This Week

• Intel delays $20 billion Ohio project, citing slow chip market
• Meta to deploy in-house custom chips this year to power AI drive
• AI Data Center Startup Labs Plans March IPO

Tech

• Meta Quest Will Play Apple's 3D Spatial Videos
• Google says YouTube Premium and Music now have over 100 million subscribers
• Japan lands spacecraft on the moon, and other technology

Business

• Samsung Reports Decline in Profit but Anticipates Business Improvement Driven by Chips
• Shell reports lower profits as energy prices cool
• UK Opposition Labour Party Pledge Productivity Fix in Latest Pitch to Business

Crypto

• Binance froze $4.2M of XRP from hack on Ripple co-founder’s wallet
• Mark Cuban Confesses Love for Polygon and INJ
• BlackRock and ProShares' Bitcoin ETFs Surpassed GBTC's Daily Volumes

?? Notable Companies Secure Impressive Investments

• Gevulot has raised $6M in a Seed funding round led by Variant
• Uncorrelated Ventures raises $315 million for crypto and software-focused fund
• BBOX has raised $2.7M in a Pre-Seed funding round backed by Consensys
• Nocturne Labs has raised $6M in a Seed funding round backed by Polychain, Vitalik Buterin and others
• Rymedi has raised $9M in a Series A funding round co-led by RW3 Ventures and White Star Capital
• Shrapnel has raised $20M in a Series A funding round led by Polychain Capital
• Anapaya Systems has raised $1.90M in a funding round led by Mysten Labs

?? Meme of the Week

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Sincerely,

Constantin Kogan

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