ChatGPT testing ‘Memory’ feature

Brought to you by:

Top stories today:

  1. ChatGPT testing ‘Memory’ feature
  2. CPI, core CPI surprise to the upside, delaying rate cuts
  3. Lyft stock temporarily +65% due to typo in guidance
  4. Shopify's revenue +24% to $2.1B in Q4
  5. Zuckerberg posts video saying Quest is better than Vision Pro

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.

1. ChatGPT testing ‘Memory’ feature

  • Being tested this week with 100K’s of users, with a potential expansion “soon.”

  • Can be turned on and off in Settings.

It works through system prompt engineering behind the scenes, according to some user reports

2. CPI, core CPI surprise to the upside, delaying expectations of rate cuts to June

  • CPI: 0.3% MoM / 3.1% YoY in Jan., above 0.2% / 2.9% expected, from 0.3% / 3.4% in Dec.

  • Core CPI: 0.4% / 3.9%, vs. exp. 0.3% / 3.7%, from 0.3% / 3.9%.

Rate cuts are now expected in the Fed’s June meeting, rather than in May


4. Lyft stock temporarily +65% due to typo in guidance, closes at +16%

5. Shopify's revenue +24% to $2.1B in Q4

The stock still fell 13% due to guidance of ”a low-teens percentage rate” in Q1

6. Mark Zuckerberg posts video saying Quest is better than Vision Pro

  • He criticizes the Vision’s motion blur, weight, wires, field of view, ergonomics, and others.

  • He claims Quest is better at video games, being an open system, social interactions — the “vast majority of things.”

  • Our view: can you ever imagine Steve Jobs or even Tim Cook doing a video like this? Comparisons are usually an admission of guilt, but many believe it shows Zuckerberg’s tenacity.

7. NVIDIA surpasses Amazon as world’s #6 most valuable company

8. All NATO members bordering Russia fulfilled commitment of spending 2%+ of GDP on military

9. Interesting videos, posts, and memes

10. Other headlines


  • Bret Taylor raises $110M for AI agents startups.

  • OpenAI founding member Andrej Karpathy departs.

  • Google Gemini can store your chats for 3 years, even if deleted.

  • Sarah Silverman’s suit against OpenAI mostly dismissed.

  • Patent Office: AI cannot be inventor, can help humans.

  • Apple shows AI model capable of animating SVG images.

  • MindStudio: free webinar to start building AI apps in a single afternoon.*


Tech earnings


  • Vision Pro now has 1K apps.

  • Bezos sells $4B in Amazon stock in 4 days.

  • Pete Distad, former Apple exec, could head Disney, Fox, Warner JV.

  • SpaceX flight carrying NASA payload to moon delayed to Thu morning.

  • Foundry Group, $3.5B AUM, won’t raise another fund, shutting down.

  • Sony to IPO its financial arm in Oct. 2025.

  • Waymo recalls, updates software after 2 cars crashed into same truck.

  • Masterworks: invest in shares of paintings by Banksy and Picasso.*


Tech & law


  • BioAge raises $170M for weight loss drug that preserves muscle mass.

  • Rapamycin review: low dose linked to safety, efficacy unclear.


  • Boeing gets 45-plane order from Thai Airways.

  • Jon Stewart gets 1.85M viewers on Daily Show, most since 2018.

  • IRS sues FDIC over Silicon Valley Bank’s alleged $1.4B tax debt.

  • Paramount lays off 3% of staff, firing 800 employees.


  • Phantom, Solana wallet, hits 3.2M MAUs.

  • Coindesk was sold to Bullish for ~$75M.

  • $290M hack hits PlayDapp.

  • Aptos implements passwordless passkey authentication for transactions.

  • tea Protocol: click to subscribe to tea's newsletter and learn more about how to get rewards for your open-source contributions.*


U.S. politics

  • House speaker rejects $95K Ukraine, Israel bill, no alternative yet.

  • Democrat wins House seat vacated by George Santos.

  • Mayorkas impeached in House on 2nd try by 214-213.

  • Biden attacks Trump’s comments on NATO, pushes Ukraine aid.

  • Trump adviser: no NATO protection for countries with militaries <2% of GDP.

  • Defense Secretary Austin released from hospital.

  • Kushner plans to sit out potential 2nd Trump admin.


  • Gaza ceasefire talks in Cairo enter 2nd day as IDF borders Rafah.

  • Pro-Hamas hackers targeted Israeli engineers before Oct. 7.

  • Hamas returning to power in Northern Gaza: IDF colonel.

  • Russia’s alleged use of hypersonic missiles being investigated by U.S.

  • Ukraine says it destroyed another Russian warship.

Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below).

What did you think of today's newsletter?

Login or Subscribe to participate in polls.

Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. You should do your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Bay Area Times team.

Please read our Terms of Service and our Privacy Policy before using Our Service.