Apple expected to announce M3 Macbook Pros, iMacs at 8 PM ET
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Top stories today:
- Apple expected to announce M3 Macbook Pros, iMacs tonight
- ChatGPT now does more without needing to switch settings
- SBF's cross-examination likely to start today
- X begins rollout of Premium Plus, Basic
- Israel expands ground operations, air strikes
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. Apple expected to announce M3 Macbook Pros, iMacs at 8 PM ET
The M3, M3 Pro, and M3 Max chips are expected to be faster and with improved battery life on the Macbooks.
Built using 3-nanometer production technology, vs. 5 for the M2.
Our view: the event is unlikely to present surprises, both in terms of products and markets.
Nov. 2 (Thu): Q3 earnings will be reported.
2. ChatGPT with GPT-4 now can upload PDFs, search web, create images without needing to switch settings
Read more: Search Engine Journal.
Our view: we agree that increasingly OpenAI will compete with those building on top of their APIs
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4. SBF's cross-examination likely to start today, as he asserts mistakes, no guilt
“Biggest mistake” was not hiring a chief risk officer, Bankman-Fried testified on Friday.
SBF claims he did not direct any illegality:
He did not direct CTO Gary Wang to code the $65B “allow negative” loophole for Alameda.
He did not direct Alameda CEO Caroline Ellison to fake its balance sheet, etc. - Bloomberg
5. X begins rollout of Premium Plus, Basic, as Community Noted posts get demonetized
Most users still cannot access Premium Plus and Basic:
Posts corrected by Community Notes are now ineligible for revenue share, in a bid to increase accuracy, Elon said
6. Israel expands ground operations, air strikes, as JPM predicts -11% GDP growth in Q4
GDP would still grow 2.5% for 2023, 2% in 2024: JPMorgan.
IDF drops leaflets calling for Hamas to surrender.
Turkey's Erdogan threatens to declare war on Israel.
Russians storm airport in attempt to attack Israeli passengers.
Thursday: House GOP plans to vote on $14.5B Israeli aid bill.
Elon Musk floats providing Starlink access to Gaza.
Hezbollah leader Hassan Nasrallah to speak on Friday at 9 AM ET.
Hamas stockpiling needed fuel, food, and medicine.
Foreign nationals blocked from leaving Gaza by Hamas.
U.S. pressured Israel to restore communications in Gaza.
Biden blasted NYT's coverage of Gaza hospital explosion.
Video: how Hamas uses underground tunnels.
7. Poll: quant funds using AI to identify patterns, optimize portfolio allocation
8. Interesting videos, posts, and memes
9. Other headlines
Biden signs exec order deploying agencies to monitor AI risk.
Anthropic receives $2B investment from Google, $0.5B upfront.
Humane Ai Pin likely to cost $1,000+ plus monthly fee.
Vinod Khosla: most AI startups are overvalued, will fail.
Poe seeks to be the App Store of AI models.
G7 to agree on voluntary AI code of conduct on Monday.
Apple losing market share to Huawei in China.
TikTok asks managers to give employees lower ratings, suggesting layoffs.
Ban is necessary to avoid CCP propaganda: Sam Lessin.
Sidebar is a leadership program that accelerates your career.*
Keith Rabois interview: bullish on Miami, Traba, Faire.
Google paid $26.3B in 2021 to be default search everywhere.
Meet Upway - The #1 Certified E-Bike Expert.*
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