Apple expected to announce M3 Macbook Pros, iMacs at 8 PM ET
Bay Area Times
October 30, 2023
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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
Apple invite.
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.
Macbook Pro was last updated in January 2023, and the iMac in April 2021. - Bloomberg, Apple
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
AI
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.
Tech
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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Biotech
Menopause found in chimpanzees, prompting new theories.
Healthy lifestyle correlated with 32% lower risk of mortality: study.
Wonderland, psychedelics summit, to feature Bryan Johnson, Aubrey de Grey.
Business
Fed whisperer Timiraos: growth may not be fueling inflation.
Two Sigma puts trader on leave after $620M unexpected gains, losses.
Evergrande stock -10% after court adjourns winding-up hearing.
Buzzfeed, with $150M in debt, in talks to sell Complex for $140M.
Crypto
Gemini sues bankrupt Genesis over $1.6B in GBTC.
Crypto hacks YTD $1B+, vs. $3.2B for 2022.
Do Kwon's escape, hunt: behind the scenes.
U.S. politics
Trump's gag order reinstated by Judge Chutkan.
Mike Pence drops bid for GOP nomination.
Border crossings: singles, non-Latin American apprehensions on the rise.
Tuberville continues to block military promotions over abortion pay.
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World
U.S. tells China: concerned about North Korea's arms supply to Russia.
Xi to host 2x-a-decade Financial Work Conference on Mon-Tue.
China's foreign minister: road to Xi-Biden meeting in Nov. will not be smooth.
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