- Ring The Bell
- Posts
- Big Tech đ¤ Big Gov
Big Tech đ¤ Big Gov
Plus, more earnings reports coming our way, Dave Portnoy's latest sports-betting deal, Jon Stewart's return and more
Brooks Dyroff
January 25, 2024
Happy Thursday Zingernation! âIf at first you donât succeed, try againâ sounds like pretty good advice to instill resiliency into a young person. But maybe for some people if they donât succeed they should just move on.
Billy McFarland, the founder of the infamous Fyre Festival is out of jail and is trying to go round two with the worst âmusicâ festival of all time. If you want the most expensive ticket, itâll cost you more than $1,000,000.
Also, check out the ultimate community for traders of all levels.
And, did someone forward you this email? Click here to subscribe to this Benzinga newsletter and more.
MARKET SNAPSHOT
Yesterday: Netflixâs strong earnings report helped keep the market hot. The Nasdaq Composite and tech sector led the way, hitting new all-time highs.
On Our Radar: Busy day today! GDP, jobless claims and other economic data came out before the open and then we will hear from Intel, T Mobile, Visa and more after the close.
TOP STORY
Briefly: Big Tech and Big Government are teaming up to research Big AI. The U.S. National Science Foundation, in collaboration with 10 federal agencies and 25 private and nonprofit organizations, has initiated the National Artificial Intelligence Research Resource (NAIRR) pilot.
Basically: The program is designed to democratize access to advanced AI resources, such as computing power, datasets, and expertise, thereby fostering a more inclusive and competitive AI environment in the United States.
Zoom Out: Application areas span healthcare, environmental sustainability, and education, highlighting the initiativeâs comprehensive approach to AI development. The initiative is in line with Executive Order 14110 signed by President Biden, which mandated the NSF to launch the NAIRR pilot within 90 days. Big Tech teaming up with Big Gov? Doesnât sound Big Brotherly at all.
What Next: Read more about the project.
PRESENTED BY MARKET MASTERS
Market Masters breaks trading down into basic building blocks (like Legos) and tells you how to assemble them for success.
Think of them like a school, but for the real-world. We make learning the full stack of trading skills a fun, collaborative process.
Not only is live voice trading included, but you'll also get 1000+ hours of content, daily classes, trading view indicators, and more.
With a 4.93/5 positive feedback rating, it's no wonder thousands of customers have trusted Market Masters.
FIVE ZINGERS
Apocalypse Soon? Hey, at least itâs not now. But atomic scientists have placed the âdoomsday clockâ at its closest level to midnight.
Back When I Was A Kid: We didnât have it so nice in our in-game lobbies. Call of Duty is reporting a 50% decrease in chat toxicity.
Back In The Market: Davie Day Trader is back in the stock market, and reportedly nearing a deal with DraftKings to partner with Barstool Sports.
In A League Of Their Own: Microsoft joined Apple as the only other company in the world valued at three trillion U.S. dollars.
Like He Never Left: Jon Stewart is returning to âThe Daily Showâ after more than 10 years. Letâs hope itâs like riding a bike.
ONE FOR THE ROAD
What Happened: EV giant Tesla unveiled insights into its next-gen vehicle during its fourth-quarter earnings call yesterday.
What Happened: The company revealed ongoing efforts to launch its next-generation vehicle at Gigafactory Texas, anticipating âa notably lowerâ vehicle volume growth rate in 2024 compared to 2023, as outlined in Teslaâs outlook.
What Else: CEO Elon Musk described the development as âfar along,â with an expected lower price point compared to Teslaâs existing offerings. Musk emphasized that both the vehicle and its manufacturing system would be ârevolutionary.â
What Next: Read the full breakdown here.
PRESENTED BY MARKET MASTERS
Market Masters breaks trading down into basic building blocks (like Legos) and tells you how to assemble them for success.
Think of them like a school, but for the real-world. We make learning the full stack of trading skills a fun, collaborative process.
Not only is live voice trading included, but you'll also get 1000+ hours of content, daily classes, trading view indicators, and more.
With a 4.93/5 positive feedback rating, it's no wonder thousands of customers have trusted Market Masters.