ChatGPT announces Plugins, which integrate their AI with other websites
Top stories today: 1) ChatGPT launches Plugins, 2) Character.AI raises $150M, 3) TikTok CEO testimony is a flop, 4) Yellen says she's ready to help the banks, and 5) Fed adds another $94B to its balance sheet.
BUSD's market cap down 50% to $8B
Fed raises rates by 25 bps to 4.75% - 5.00%
Top stories today: 1) Fed raised rates by 25 bps, but markets are not buying hawkishness, 2) Yellen says no plans for full FDIC insurance, 3) SEC to sue Coinbase, sues Justin Sun, 4) FTX recovers another $500M+ from VC investments, and 5) Microsoft launches Notion competitor Loop.
Fed expected to raise rates by 25 bps to 4.75% - 5.00%
Top stories today: 1) Fed expected to raise rates by 25 bps, 2) Google disappoints with Bard AI launch, 3) Microsoft integrates DALL-E into Bing, 4) Adobe launches Firefly AI in beta, and 5) TikTok spy scandal erupts as CEO testifies on Thu.
Treasury studying extension of FDIC insurance to all bank deposits
Top stories today: 1) FDIC might insure all deposits ($117B cost), 2) JPM could buy out First Republic, 3) Microsoft wants to launch app store in 2024, and 4) Runway announces text-to-video Gen-2.
UBS buys Credit Suisse for $3B
Top stories today: 1) UBS buys CS for $3B, 2) Fed announces more global USD liquidity, 3) this Wed: FOMC meeting, 4) this Thu: TikTok CEO testifies, to announce 150M U.S. MAUs, 5) Balaji makes $1M BTC bet, and 6) Trump says he will be arrested on Tue.
Microsoft announces generative AI coming to 365 Suite
Top stories today: 1) Microsoft announces AI in 365 Suite, 2) Banks loan $30B to First Republic Bank, and 3) Fed balance sheet jumps $300B, reversing quantitative tightening.
Alameda Research $1.1B+ in new creditor claims and FTX identifies $3.2B in transfers to founders and insiders
Top stories today: 1) Alameda has $1.1B in new creditors, 2) FTX gave $3.2B to insiders, 3) Swiss central bank lends $54B to Credit Suisse, 4) Government looking to auction SVB and Signature by Fri, and 5) Microsoft AI event today at 11 AM ET.
BREAKING: Alameda Research has at least $1.1B in new creditor claims
OpenAI launches GPT-4; API cost 60x more than ChatGPT
Top stories today: 1) OpenAI launches GPT-4, 2) Anthropic launches Claude, 3) Gmail and Docs adding AI, 4) Adept raises $350M, and 5) CPI drops to 6.0%.