Top stories today:

1. Copilot+ PCs introduced by Microsoft, coming after MacBooks
2. Ethereum +19% to $3,680 after SEC suggests ETFs may be near
3. ChatGPT 2x’s daily visits to 100M after GPT-4o launch
4. Zoom's revenue +3% to $1.14B in Q1

0. Data and calendar

1. Copilot+ PCs introduced by Microsoft, coming after MacBooks

• AI-first PCs with Arm-based Qualcomm Snapdragon X chips, which Windows is now optimized for.

• Neural processing unit (NPU) to handle complex AI tasks.

• June 18 availability.

The new Surface Pro is Microsoft's Copilot+ PC, and all the major PC brands are launching their versions too

• Starting at $999 for the 13-inch version.

Recall tracks all your activities and allows you to go search and retrieve anything you've done in the device

• Similar to the Rewind app available for the Mac.

• History is stored locally for privacy.

• Doesn’t track InPrivate web browsing, passwords, or any apps chosen by the user.

2. Ethereum +19% to $3,680 after SEC asks exchanges to update legal filings for ETH ETFs

• Thu: decision for VanEck’s proposed Ethereum ETF is due. The SEC could approve all ETH ETFs then.

• Rejection is still very much possible.

The odds of an ETF approval in 2024 jumped from 28% to 89%, according to Polymarket

• 75%: Bloomberg Intelligence’s revised odds of approval, from 25%.

4. ChatGPT 2x’s daily visits to 100M after GPT-4o launch

5. Zoom's revenue +3% to $1.14B in Q1, as operating income expands to 17.8%

• Q2 guidance of $1.145B - $1.150B.

• Stock -1%.

7. Median S&P 500 CEO compensation is $15.7M in 2023

• $162M is the highest, although that’s an equity bonus with 5-year milestones.

8. Quant funds continue to take market share, even in credit

9. Interesting videos, posts, and memes

10. Other headlines

AI

• Inflection AI's new CEO: team down to 12, yet 6M MAUs.

• China’s Moonshot AI in talks to raise at $3B.

• Scarlett Johansson told OpenAI not to use her voice.

Tech

• Anduril in talks to raise $1.5B at $12.5B, revenue at $500M.

• Truth Social parent sees revenue at $1M, operating loss of -$12M.

Tech & law

• ASML, TSMC can remotely disable machines if China invades Taiwan.

• Google preemptively pay U.S. damages to avoid antitrust jury trial.

• Apple fights $2B EU antitrust fine for curbs on Spotify.

• EU's Chips Act to give $2.7B for research labs working on advanced chips.

• Driverless cars could be approved in UK as soon as 2026.

Biotech

• Neuralink gets FDA nod for 2nd patient implant.

• AstraZeneca’s revenue +19% to $12.68B, guides $80B revenue in 2030.

• Coya receives $5M from Alzheimer’s foundation for dementia trial.

Business

• FDIC chair to leave job after toxic workplace report.

• JPM CEO Jamie Dimon, 68, suggests retirement in less than 5 years.

Crypto

• Grayscale CEO Sonnenshein steps down, to be replaced by Goldman exec.

• Alleged owner of narcotics dark market arrested in NY.

U.S. politics

• Trump raises $76M in Apr., vs. $51M for Biden.

• Michael Cohen says he stole from Trump’s company in trial.

World

• Biden fears Iran could blame U.S. for helicopter crash that killed President.

• June 28 elections to be held in Iran.

• Iranian women celebrate death of President Raisi.

• EU approves plan to use profits from frozen ~$280B Russian assets.

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