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Top stories today:
- OpenAI developing search engine: source
- NVIDIA overtakes Alphabet, now #4 in market cap
- Buffett trims 1% of Apple position, still 50% of portfolio
- SpaceX launches Intuitive Machines's lander to the moon
- Y Combinator updates Request for Startups, 1st time since 2018
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. OpenAI developing search engine: source
ChatGPT screenshot. OpenAI currently uses Bing as its internal search engine, but that could be changing soon.
Unclear whether it would be separate from ChatGPT.
Could be just a way to speed up ChatGPT's search capabilities, which currently uses Bing.
2. NVIDIA overtakes Alphabet, now #4 in market cap, 1 day after passing Amazon
$1.825T: NVIDIA's market cap.
+53% YTD.
3. Buffett trims 1% of Apple position, still 50% of portfolio
LEV Foundation was co-founded by Dr. Aubrey de Grey, one of the early pioneers in the longevity field.
Their 2 main projects are Robust Mouse Rejuvenation and Transplants on Demand.
Your donation can literally save your life, or the life of your closed ones. - Donate to the LEV Foundation.
*Sponsored.
5. SpaceX launches Intuitive Machines's lander to the moon
Nova-C carries 6 NASA payloads and 5 commercial ones.
Feb. 22: target moon landing.
1st since 1972.
SpaceX has also reincorporated in Texas, from Delaware, as Elon encourages other companies to follow suit.
6. Y Combinator updates Request for Startups, 1st time since 2018
It is a very hardware and AI-heavy RFS, starting with applying machine learning to robotics (i.e. what companies like Tesla and Figure AI are doing):
7. HubSpotās revenue +21% to $582M in Q4
HubSpot has seen exceptional revenue growth since launching in 2006
GAAP operating margin is still negative, at -4% in Q4, vs. -3% in Q4 2022.
Sales and marketing were 49% of revenue in Q4, a very high percentage for SaaS companies.
8. Amazon says it has largest text-to-speech AI model
1B-parameter autoregressive Transformer.
Trained on 100K hours of public domain speech data.
No release date announced. Could be used internally at Amazon.
9. Interesting videos, posts, and memes
10. Other headlines
AI
Google launches internal tool, Goose, for devs to write faster code.
Together AI raising from Salesforce, Coatue at $1B+, 33x ARR.
Slack AI launches.
AI brings back voices of children killed in shooting, uses ElevenLabsās tech.
GrowthSchool: become a ChatGPT & AI Genius with their workshop (worth $99)ā free for first 100 people.*
MindStudio: free webinar to start building AI apps in a single afternoon.*
*Sponsored.
Tech earnings
Tech
Vision Pro starts seeing user returns, anecdotally.
Microsoft Build 2024 to kick off on May 21.
Masterworks: invest in shares of paintings by Banksy and Picasso.*
*Sponsored.
Tech & law
Biotech
Severe frostbite gets 1st FDA-approved medication.
Ergothioneine clinical trial shows improved cognitive function.
Business
UKās GDP -1.4% annualized in Q4, entering recession.
Airbusās revenue +11% to $24.6B in Q4.
Japan loses #3 economy spot to Germany as economy enters recession.
Crypto
Genesis gets court approval to sell $1.6B in Grayscale trust shares.
Pitchbookās Q4 crypto report released.
Sen. Warren may be challenged by John Deaton.
EigenLayer becomes 5th largest DeFi protocol.
U.S. politics
SALT tax cut for married couples fails in House, 195-225.
Trump pushes $60B Ukraine aid as loan.
Jack Smith asks Supreme Court to reject Trump immunity.
F-35 jet order -18% in 2025 Biden budget request.
World
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