Weekly Market Report. May 10, 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

OpenAI Will Reportedly Announce An AI-Powered Search Engine Next Week??

OpenAI will announce its new AI search product on Monday, a day before Google is expected to announce plans for its Gemini AI products at its annual I/O developer conference, Reuters reported, citing two sources familiar with the matter.

Microsoft Plans Mobile-Game Store, Vying With Apple, Google ??

Microsoft Corp. will launch its own online store for mobile-game consumables in July, creating an alternative to Apple Inc. and Google’s app stores and their fees.

Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030 ??

When asked about a price prediction for bitcoin in an interview with Pirate Wires, Dorsey said, “I don’t know. Over… at least a million. I do think it hits that number and goes beyond.”

?? Market Data

?? Important News This Week

AI

• Apple to Power AI Tools With In-House Server Chips This Year
• TikTok begins automatically labeling AI-generated content
• AI-controlled fighter jet took the Air Force leader for a historic ride

Tech

• SoundHound enhances voice assistant with Perplexity’s search tech
• Netflix has unveiled a digital theme park on Roblox
• Alphabet Progressing in Talks to Buy HubSpot, Sources Say

Business

• Biden Set to Hit China EVs, Strategic Sectors With Tariffs
• Huawei Relies on China’s YMTC for Memory Chip in Latest Phone
• Hyundai and Kia models topped US auto theft rankings last year

Crypto

• Bitcoin still lacks $60K support as BTC price nears $100M liquidity zone2 bln Q1 profit from investments
• Wells Fargo reports exposure to Grayscale and ProShares Bitcoin ETFs?
• Binance, KuCoin Win Registration From India Anti-Money Laundering Regulator as Crypto Credibility Improves

?? Notable Companies Secure Impressive Investments

• Galaxis has raised $10M in a funding round backed by Chainlink and others
• Botanix Labs has raised $11.5M in two funding rounds backed by Polychain Capital and others?
• ZKM has raised $5M in a Pre-Series A funding round led by OKX Ventures
• Arbelos Markets has raised $28M in a funding round led by Dragonfly Capital
• Lagrange Labs has raised $13.2M in a Seed funding round led by Founders Fund
• Owlto Finance has raised $8M in Strategic round led by Bixin Ventures and CE Innovation
• Sophon [SOPH] has already raised over $62M via Node Sale on Impossible Finance
• Arcium has raised $5.5M in a strategic funding round led by Greenfield Capital

?? Meme of the Week

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Sincerely,

Constantin Kogan

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