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Top stories today:
- Amazon unveils Nova AI models to take on OpenAI, Google, Anthropic
- Intel said to consider outsiders for CEO after Gelsingerās sudden exit
- Cyber Week global online sales +5.7% to $314.9B
- OpenAI hires Kate Rouch from Coinbase as first marketing chief
- Truth Social DAUs +3%, despite Trump posting 200x+ during election
- Memecoins soar on Trumpās victory
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of the few hallucinations):
1. Amazon unveils Nova family of AI models to take on OpenAI, Google, Anthropic
Nova Pro performs on par with GPT-4o, and a bit behind Gemini 1.5 Pro and Claude 3.5 Sonnet, according to Artificial Analysis:
4 text-generating models: Micro (128K-token context), Lite and Pro (300K-token), and Premier (available in 2025).
Available exclusively on AWS, which could be a strategy to lock customers in.
Another sign of quality plateauing, as Amazon couldnāt beat existing options.
All Nova models are priced competitively vs. their quality, with Nova Pro costing $3.2/1M output tokens, vs $10 for GPT-4o
Image and video-generating models, Nova Canvas and Nova Reel, are also being launched.
Amazon Q agents are also being upgraded.
Their new Automated Reasoning checks is supposed to fight hallucinations.
Money Pickle makes it easy to connect with a financial advisor online; no need for in-person visits, just schedule a call or video chat from home.
You start by answering a few questions, then you can book a free initial consultation; if you need more help, you can continue with your advisor for a fee.
The platform prioritizes safety, using secure data practices and carefully screening all advisors, including verifying their credentials with FINRA.
Users really like Money Pickle; itās rated highly on Google and Reddit for being accessible, with knowledgeable advisors and solid customer support.
*Sponsored.
3. Amazon announces AI supercomputer with 100K in-house Trainium2 chips
Anthropic will use Amazonās UltraCluster supercomputer.
Amazon has also unveiled its UltraServer, featuring 64 interconnected Trainium2 chips
Can be scaled up to 83.2 peak petaflops of compute.
Trainium2 chip, launched last year, is now available for all customers to use
Trainium3 chip was showcased alongside with bigger AI model support than Trainium2.
Late 2025: launch date.
Apple revealed it uses Trainium and Graviton chips and is eyeing Trainium2 for AI pre-training.
Amazon is emerging as an alternative to Nvidia with its new AI hardware moves.
4. Intel said to consider outsiders for CEO after Gelsingerās sudden exit
