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CZ, the founder of Binance, will be sentenced today at 12 PM ET. - <6 months is what betting markets expect. - 3 years were asked by the prosecutors. - Sentences shorter than 18 months cannot be appealed by CZ, as agreed to in his plea agreement. - Defense seeks 0 time in…
BREAKING: xAI now raising $6B at $18B pre-money valuation, from $3B at $15B previously - It would become the #2 most valuable generative AI startup, according to our Generative AI Unicorns Database. - Very strong investor demand. - Likely investors include: Sequoia, Future…
4 charts to understand Meta's Q1 report: 1. Meta’s revenue +27% YoY to $36.5B in Q1, as Reality Labs burns $3.85B 2. The -$3.85B net loss for Reality Labs slightly narrowed from prior quarters, yet still represents 11% of revenue 3. Their daily active users continue to grow…
Generative AI funding is up by 11% quarter over quarter to $2.2B in Q1, led by applications. We have almost 1,000 open roles in the AI industry on Dream Startup Job! Explore & apply here: dreamstartupjob.com/jobs/?industry… (h/t @BayAreaTimes)
NEW: Sam Altman is worth $1B, according to Forbes. And most of it is in high-risk startups! - $375M: Helion (startup) - $180M: Retro (startup) - $145M: Investment funds - $90M: Real estate - $210M: Other
Americans say they need $1.46 million to retire comfortably. This is an increase of more than $200,000 from last year. Wild. (h/t @BayAreaTimes)
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Thanks @JMatthewMcGarry for the partnership and publishing of How to get sponsors for your newsletter with cold email Think in the box.
Generative AI funding is up by 11% quarter over quarter to $2.2B in Q1, led by applications. We have almost 1,000 open roles in the AI industry on Dream Startup Job! Explore & apply here: dreamstartupjob.com/jobs/?industry… (h/t @BayAreaTimes)
Hosted 60 reporters for a fireside chat on how journalists can build a personal brand for @JournalistsClub! EVERY major media outlet in attendance for food, drinks & all-star panelists: • Brand strategist @jappleby • LinkedIn’s @JoeMilord, • @MorningBrew's Evan Frolov !!!
"Mechanical consistency is an underrated approach to building a readership. Everyone wants the secret sauce or the smash hit viral article. But the real secret is to develop a reliable and dependable writing schedule." - @robkhenderson robkhenderson.com/p/what-ive-lea…
movies are going to become video games and video games are going to become something unimaginably better
Spotted in today's Opening Bell Daily: @WinfieldSmart 👀 @ReadOpeningBell
Susquehanna International Group is starting a trading desk focused on @Kalshi event contracts, trading on anything from monetary policy swings to Taylor Swift's album performance. With ~$2 trillion in annual volume, SIG is among the world's largest market-makers.…
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@APompliano @BayAreaTimes $58K per year at 4% yearly withdrawal? Seems low. Maybe per household member
@APompliano @BayAreaTimes Much higher. Who could retire on that ?!
Americans say they need $1.46 million to retire comfortably. This is an increase of more than $200,000 from last year. Wild. (h/t @BayAreaTimes)
Today is YC W24 Demo Day A new cohort of the world's best startups is ready to meet the world's best investors today So excited to see great minds meeting in the days and weeks ahead
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