Exec Sum

BREAKING: Amazon is canceling the release of Sam Altman's biopic "Artificial" The film, starring Andrew Garfield, completed production and underwent positive test screenings, but Amazon MGM Studios dropped distribution rights amid OpenAI and Amazon's deepening $50 billion corporate partnership The producers are currently shopping the completed film to other studios for distribution

BREAKING: Google DeepMind VP John Jumper is joining Anthropic Jumper won a 2024 Nobel Prize for creating an AI model that can predict the structure of proteins. Jumper also contributed to Google's development of AI coding tools His exit comes one day after top Google researcher Noam Shazeer left for OpenAI

BREAKING: Luxury home sales in Greenwich, CT are set to break all previous records this year The trend is being attributed to the historic stock market rally

REPORT: Tech workers who don't use AI are 300% more likely to be laid off than peers who use AI at least monthly

BREAKING: SpaceX is preparing a $20 billion bond sale

SpaceX received investment grade credit ratings from the Big Three ratings agencies The ratings are ironically better than Tesla's

BREAKING: Early users of Anthropic's Mythos model still have access despite a government order that led to the total shutdown of other versions

US stock and bond markets are closed today (Friday, June 19) in observance of Juneteenth

Hollywood is at risk of "becoming Detroit" as jobs & productions keep leaving Los Angeles, per industry insiders

BREAKING: Elon Musk has lost ~$246 billion in personal wealth in the past 48 hours $SPCX is down 18% from its Tuesday ATH

BREAKING: The US Naval blockade on the Strait of Hormuz has officially been lifted

The Fed has drastically reduced the length of its rate statement in the first FOMC decision under new chair Kevin Warsh The statement released yesterday contained ~130 words, ~60% shorter than the ~340 word statements under Jay Pow The Fed held rates steady at 3.5%-3.75% and signaled for a rate hike ahead

BREAKING: Amazon is in talks to sell its own AI chips to other companies to rival Nvidia

REPORT: Zuck has confessed that Meta made 'mistakes' in its AI workforce shift Meta CTO Andrew Bosworth also said that morale is at an all-time low Meta has cut over 30,000 employees since Covid, including ~8000 last month The firm will increase snack perks to tackle the issue

BREAKING: Vermont becomes third state since last year to limit private equity in healthcare Republican governor Phil Scott signed a bill prohibiting corporate entities such as PE firms and hedge funds from interfering in the practice of medicine at healthcare facilities that they back. The law also requires healthcare companies to publicly report their ownership and investors

NEWS: Citadel Securities saw the highest-ever retail trading flows on SpaceX debut day CitSec executes one-third of all US-listed retail volume

REPORT: Jeff Bezos told Trump that the Washington Post was his worst investment ever, saying "people there are terrible"

NEWS: New York state seized Kiki's, a popular restaurant in Manhattan's Dimes Square neighborhood, for non-payment of over $1 million in taxes

REPORT: South Korean retail traders plowed $800 million into SpaceX stock on its debut trading day