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Tesla wins Beijing’s backing for Full Self-Driving after Elon visit
Bay Area Times
April 29, 2024
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Top stories today:
- Tesla wins Beijing’s backing for Full Self-Driving after Elon visit
- Apple renews discussions with OpenAI about AI partnership
- Alphabet rejoins $2T club after +10% stock performance on Fri.
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. Tesla wins Beijing’s backing for Full Self-Driving after Elon visit
Tesla is +7.5% pre-market on the news:
Tentative approval, according to WSJ sources.
Baidu will help with mapping and navigation functions.
Stock +3%.
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3. Apple renews discussions with OpenAI about AI partnership
Google was previously seen as the favorite to be chosen to be Apple’s partner.
Nothing has been decided yet, and Apple could even decide to go on its own or with another partner (such as Anthropic or xAI).
iOS 18 will come with many AI features, likely to be announced on WWDC on June 10, 2024.
4. Alphabet rejoins $2T club after +10% stock performance on Fri.
Read more: The Verge.
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6. X, Reddit dominate text-based social networks in U.S., with Threads, Truth Social far behind
7. Interesting videos, posts, and memes
8. Other headlines
AI
2nd AI Safety Summit event will be primarily virtual, facing lower attendance.
FT, OpenAI sign content licensing deal.
Ethan Mollick: profile of Wharton professor who’s been advising on AI.
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Tech
iPad Pro with M4 chip may be launched on May 7.
New Roborock S8MaxV Ultra is on sale! Unlock the $1000 gift back now.*
BetterHelp: professional online therapy to help you win at work.*
*Sponsored.
Tech & law
iPad added to EU’s list of DMA “gatekeepers,” 6 months to comply.
ChatGPT faces another privacy complaint in EU.
IRS’s Direct File may be renewed after 140K households use it in 1st year.
NY law mandating $15 broadband option upheld by appeals court.
Biotech
David Sinclair faces criticism for alleged exaggerations of longevity research.
Weight loss drug mania leads supplement stores to adapt.
Gordion Bio launches with $60M for high throughput in vivo screening.
Cerevance raises $47M Series B-1 extension for Phase 3 Parkinson’s trial.
Calorie restriction, fasting benefit aging heart.
Business
Yen strengthens to 155 after hitting 1990 low of 160.
Crypto
Tornado Cash’s motion to dismiss disputed by DOJ.
Elizabeth Warren’s rival for Senate files brief in favor of Coinbase vs. SEC.
Russian legislators consider banning crypto exchanges.
Consensys received Wells Notice from SEC before filing suit.
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U.S. politics
Trump, DeSantis meet in FL to discuss working together in election.
Kristi Noem’s VP odds fall to 4% after admitting killing dog.
World
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