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Neuralink shows quadriplegic patient controlling cursor via brain-computer interface

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Top stories today:

  1. Neuralink shows quadriplegic patient controlling cursor
  2. Fed keeps rates at 5.25% - 5.50%, suggesting 3 cuts in 2024
  3. Reddit prices IPO shares at $34, valuing it at $6.5B
  4. Apple expected to be sued by DOJ for antitrust as soon as today

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.

  • “Blindsight is the next product after Telepathy,” said Elon Musk, co-founder of Neuralink.

  • “It's not perfect. I would say we have run into some issues,” said the patient.

  • Neuralink devices contain more electrodes than competitors, yet others have shown similar capabilities.

2. Fed keeps rates at 5.25% - 5.50%, suggesting 3 cuts in 2024, as S&P +1% to a new all-time high

Most Fed officials expect 2 or 3 rate cuts this year

S&P 500 was +1% to 5,224.62, rising to an all-time high after the Fed’s 2PM announcement


4. Reddit prices IPO shares at $34, top of $31-$34 range, valuing it at $6.5B

  • $519M raised.

  • Reddit sold 15M shares, existing shareholders sold 7M.

  • $91M net loss in 2023, from a $159M loss in 2022.

In other tech IPO news, Astera Labs was +72% on its 1st trading day, hitting a $9.5B market cap

Read more: CNBC.

5. Apple expected to be sued by DOJ for antitrust as soon as today, stock -1% in pre-market

6. 80% of websites have Google trackers, 35% for Microsoft, 28% Facebook

7. Interesting videos, posts, and memes

8. Other headlines


  • Cohere nears $500M funding at $5B valuation, $22M ARR.

  • Stability AI: key members of research team leave British AI unicorn.

  • GitHub introduces AI-powered code-scanning tool for automated fixes.

  • Google uses AI to forecast riverine flooding 7+ days in advance.

  • HubSpot: download the guide on how to use AI for better results, for free.*

  • RAD AI: AI marketing leader, 3X growth, trusted by Hasbro & MGM. Invest in AI today!*

* Sponsored. Disclaimer: This is a paid advertisement for RAD AI’s Regulation CF offering. Please read the offering circular at invest.radintel.ai.


  • Temu parent PDD’s revenue +123% YoY to $12.35B.

  • Amazon execs see Temu, Shein as major threats, rather than Walmart, Target.

  • Micron’s revenue +58% YoY to $5.82B.

Tech & law

  • TikTok ban bill likely to see Senate hearing, which could derail it.

  • FBI resumes outreach to social media companies over foreign propaganda.

  • Privacy bill approved in House by 414-0.

  • Meta, Microsoft, Match, X critique Apple's new EU App Store policy.


  • Loyal, longevity startup for dogs, raises $45M.

  • Ultrahuman smart ring raises $35M Series B, at $35M ARR.

  • Centenarians puzzlingly lack autoimmunity.


  • Switzerland unexpectedly cuts rates from 1.75% to 1.5%.

  • Taiwan raises benchmark rate from 1.875% to 2%.

  • Galderma prices IPO at 53 Swiss francs, at CHF12.6 market cap.

  • Apollo offers $11B for Paramount’s Hollywood studio.


  • FTX CEO: SBF’s behavior criminal, harm was vast.

  • Do Kwon’s appeal of Korea extradition rejected by Montenegro court.

  • BlackRock launches asset tokenization fund on Ethereum.

  • $6B China fraud: UK woman found guilty of laundering Bitcoin.

  • Uniswap: making it easier to buy, sell and trade tokens on Ethereum.*


U.S. politics


  • Netanyahu assails Schumer to Senate GOP.

  • EU may give Ukraine $3B/year of interest from frozen Russian assets.

  • Hypersonic missile tested by U.S. bomber.

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