Brought to you by:
Top stories today:
- U.S. Treasury says China accessed govt. docs in “major” cyberattack
- NVIDIA to open-source Run:ai to expand AI hardware optimization
- BlackRock’s Bitcoin fund sees best ETF debut, crossing $50B
- China on track to meet 2024 GDP target of ~5% with policy stimulus
- Stockpicking mutual funds see record $450B of outflows in 2024
- VC deal value in defense 18x’s over past decade
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.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of the few hallucinations):
1. U.S. Treasury says China accessed government documents in “major” cyberattack
Mon.: Senior House lawmakers were informed about the “major cybersecurity incident” by The Treasury.
Dec. 8: Security company BeyondTrust notified The Treasury about the incident.
The hackers gained remote access to employee workstations and documents, per the Treasury.
“No evidence indicating the threat actor has continued access to Treasury information,” the Treasury said.
The Chinese government has denied the U.S. attribution.
2. NVIDIA to open-source Run:ai to expand AI hardware optimization
Run:ai currently works only with NVIDIA’s hardware.
Open-sourcing will extend the software to NVIDIA rivals like AMD and Intel.
Run:ai helps manage and optimize GPUs for AI developments.
April: NVIDIA acquired Israel’s Run:ai for a reported $700M.
The deal was completed on Mon. after facing scrutiny in the U.S. and Europe.
Lifetime access to 25 languages: Get unlimited access to immersive lessons in 25 languages, forever—no renewals needed.
Real-life conversations: Learn practical phrases for meaningful conversations, and TruAccent helps you sound like a native.
Beyond lessons: Enjoy stories, live lessons, and a phrasebook, all designed to bring language learning to life.
Fits any schedule: Lessons as short as five minutes make it easy to learn anytime, anywhere.
Proven results: Just 13 hours of Rosetta Stone equals a full semester of college Spanish!
