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AI Video has officially disrupted Hollywood.
Tyler Perry just stopped his $800M film studio expansion due to OpenAI's Sora.
The details and the 14 most mindblowing Sora videos since launch (100% AI-generated):
🚨S&P was down slightly this week.
BUT some big things happened.
And are about to happen (read until the end)
Let’s recap:
- NVIDIA now more valuable than the entire S&P 500 Energy Sector
- NVIDIA the 3rd most valuable company in America by marketcap. Surpassed Google and Amazon for the first time in history
- Goldman Sachs CEO gets a 24% pay boost to $31 million for 2023 while profits dropped 24% (biggest pay jump of all big US bank CEO’s)
- Jeff Bezos has sold another $2 billion of Amazon stock, bringing his total sales to $6 billion in the past week
- 82% of companies reported, S&P 500 Q4 GAAP earnings per share are up +14% YoY, the 4th straight quarter of positive YoY growth and highest growth rate since Q4 2021
- S&P’s top stocks haven’t been this concentrated in 50 years. Combined value of the top 10 companies in S&P 500 makes up 33% of the index's total value
- Inflation: Both U.S CPI and U.S PPI inflation come in above expectations in January
- Inflation adjusted US gov spending since 2020 is more than combined spending of: World War I + World War II + 1970 to 1990
- Only 8.5% chance the FED cuts rates in March, down from +70% a month ago
- U.S retail sales dropped by the most in nearly ONE YEAR in January (prior month also revised down)
IMF now "very confident" the world economy will see a soft landing
- Japan and U.K officially enter a recession
- Bitcoin up +7.7% this week. Hits $1 trillion market cap for the first time since 2021
- BlackRock & Fidelity now hold 191,657 of Bitcoin worth over $10 billion in their spot Bitcoin ETFs
- Lyft CFO makes typo in earning release, stock soars +60%. Stock still up +37% this week.
- Coinbase stock surges +14% after posting first quarterly profit in 2 years
- ARM stock up another +7% this week after being up +62% last week. (IPO lockup expires March 12th, watch out drop could be big!)
- Michael Burry closes his short positions on semiconductor stocks like NVIDIA and AMD
- Natural gas prices down 56% in just 3 months
- YouTube TV and GOOGL now has +8 million paid subscribers, making it one of the largest TV providers in the U.S
- OpenAI launched 'Sora', a text-to-video model that allows users to create videos using prompts
- Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar has said
- Corporate America has announced plans to cut 82,307 jobs in January, up +136% from December and the 2nd-most of any in January since the aftermath of the financial crisis in 2009
- Home Depot and Walmart kick off quarterly earnings reports for a host of retailers next week, offering investors a crucial glimpse into the financial health of US households
- NVIDIA reports earnings on Wednesday! Brace yourself, if they miss, the market will likely come down hard!
Have an amazing weekend everyone 🍾
And if you’re in Canada – happy family day weekend ; )
This is the "holy shit" moment of AI 🤯
OpenAI just launched Sora, an AI that can create hyperrealistic videos from just text prompts.
It'll be nearly impossible to tell the difference between AI and real in 2024.
(THREAD 🧵) 1/13
I wrote about the collapse of face-to-face socializing in in the 21st century.
From 2003-2022, American adults reduced socializing by 30%. For teens, the decline was nearly 50%. There is no record of any period in history when ppl spent more time alone.
https://t.co/hIdXbVPovk
In dating, most people focus on expressing themselves. But the most attractive partners express a desire to get to know you.
It's good to be interesting. It's better to be interested.
We gravitate toward people who want to understand us. Feeling seen is core to feeling loved.