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Top stories today:
- U.S. Treasury says China accessed govt. docs in βmajorβ cyberattack
- NVIDIA to open-source Run:ai to expand AI hardware optimization
- BlackRockβs 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 18xβs 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 todayβs newsletter (beware of the few hallucinations):
1. U.S. Treasury says China accessed government documents in βmajorβ cyberattack
Mon.: Senior House lawmakers were informed about the βmajor cybersecurity incidentβ 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.
βNo evidence indicating the threat actor has continued access to Treasury information,β 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 NVIDIAβs 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 Israelβs Run:ai for a reported $700M.
The deal was completed on Mon. after facing scrutiny in the U.S. and Europe.
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