🌶️ Hot Fudge Sunday for 08-11-2024
Hot tech news, market insights, and wacky finds in one Sunday scoop!
Welcome to the latest Hot Fudge Daily. Each day of the week you get thematic value.
🌶️ Spicy Edition Sunday FREE (Hot Fudge Sunday weekly newsletter captures the best of Hot Fudge Daily and the most clicked links for the week.)
📈 Markets Monday $ (Hot Fudge Daily: What is moving markets and why does it matter for the week ahead?)
🔥 Hot Takes Tuesday $ (Hot Fudge Daily: Get fast unfiltered thoughts on news of the day with just a dash of snark.)
🤪 Wacky Wednesday $ (Hot Fudge Daily: Catch up on the wild and wooly memes from a variety of deep web #random channels.)
🔙 Throwback Thursday $ (Hot Fudge Daily: Examine recent news in a thought provoking Shot and Chaser format.)
✅ Final Thoughts Friday $ (Hot Fudge Daily: A clear eyed look back on the week that was and could have been.)
🔮 Sneak Peak Saturday $ (Hot Fudge Daily: Steady and sober unpacking of the slow news day where muted press releases and disclosure stories try to get buried before the weekend takes all the attention.)
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Hot Fudge Sunday 🤔 💡 🤯 🤓 is a free weekly newsletter containing a digest of the Hot Fudge Daily paid newsletter at hot.fudge.org in a single easy to reach URL. This free weekly edition is posted every… wait for it… Sunday.
Fudge Factor
As of this update, fudge.org has transitioned to niche posts with a rebrand as “Fudge Factor”.
Fudge Factor (2024) by Jay Cuthrell
First edition of my new newsletter on our increasingly connected world
Series Syndication
I continue to write at fudge.org and hot.fudge.org consistently using P.O.S.S.E. principles.
Buttondown and Zapier power my own syndication to LinkedIn and platforms like Flipboard. Longer term, for wider syndication, I will likely use a combination of of Automatisch, Buttondown, and Zapier.
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📈 Markets Monday for 2024-08-05
Analyzing the past and future of the tech market in Markets Monday.
Last week
Today was an odd day to listen to the news discussing the market. Everyone seems to have decided this is the beginning of the beginning of the end… or something to that effect.
Or, to put it more plainly… nobody really has any idea what’s actually going on… but one has to fill up the space associated with a time slot on the radio on the podcast or the words much like the ones I’ve been typing out for this addition of the newsletter.
Consider this.
What if Warren Buffett thinks that there are sales and bargains to be had?
Would it be any shock if selling off a little bit of a company worth several trillion dollars makes sense if you believe there are gonna be bargains of plenty?
On the other hand, others might try to look at tea leaves, sort through chicken bones, or whatever sort of numerology makes people think they can understand markets. Think is the operative word.
What I try to do each week is look at the same key indicator that I take from a simple yahoo finance webpage. It’s not much but it’s how I look at things and this is what I saw today after the bell closed.
This week
Looking at the week ahead for the tech market.
Previously, I decided on a view from Yahoo Finance. For example, this was a view of intraday in Technology which usually gets around a dozen or so interesting companies.
Here is one from a few weeks ago before my two-ish week vacation.
This week… tells another tale.
Why? I don’t know but have a hunch it is because of semiconductors, value chains, and the like. Oh, and this rise is happening before earnings on August 8, 2024. 🤔
If you are using Yahoo Applied Filters for Stocks screener you can bookmark your own heat map view.
% Change in Price (Intraday):greater than 4
Region: United States
Market Cap (Intraday): Mid Cap and Large Cap and Mega Cap
Price (Intraday):greater than or equal 5
Volume:greater than 15000
Sector: Technology
Industry: Software—Infrastructure and Information Technology Services and Computer Hardware and Software—Application and Communication Equipment and Electronics & Computer Distribution and Consumer Electronics and Electronic Components and Scientific & Technical Instruments and Semiconductor Equipment & Materials and Semiconductors
🔥 Hot Takes Tuesday for 2024-08-06
Off the cuff analysis in a rapid fire format.
Let’s dig in…
Funds, Funding, and M&A
Techmeme: KNIME, an open-source data science and AI platform used by AMD, Audi, and ~400 other customers, raised $30M from Invus, taking its total funding to $50M (Kyle Wiggers/TechCrunch)
By Kyle Wiggers / TechCrunch. View the full context on Techmeme.
💰 + 🍪 This is a friendly reminder that $30M goes a very long way when companies are able to consider alternatives to NVIDIA such as AMD.
Techmeme: Seattle-based industrial analytics startup Seeq raised a $50M Series D led by Sixth Street Growth, bringing its total raised to ~$165M (Lisa Stiffler/GeekWire)
By Lisa Stiffler / GeekWire. View the full context on Techmeme.
🏭 + 🤖 The size and impact of IIoT cannot be understated as well as the insights it will provide by harnessing of the data it will produce.
Techmeme: ProRata, which aims to attribute and share AI chatbot subscription revenue with content owners, raised a $25M Series A and inks deals with major media companies (Sara Fischer/Axios)
By Sara Fischer / Axios. View the full context on Techmeme.
📚 + 🤖 If content is king, then perhaps legitimate licensing of content will render princely sums to creators of content (as compared to overt scraping of content creator works to train models for profile without any licensing consideration of the creators impacted).
Techmeme: Abnormal Security, which uses ML and AI to detect email cyberattacks, raised a $250M Series D at a $5.1B valuation, up from $4B after raising $210M in May 2022 (Chris Metinko/Crunchbase News)
By Chris Metinko / Crunchbase News. View the full context on Techmeme.
🔐 + 🤖 If there is one trend in cybersecurity, it is the constant drum beat of spy vs. spy competition between those with data to protect and those with angles to intercept and leverage that data.
Techmeme: AI chip startup Groq raised a $640M Series D led by BlackRock at a $2.8B valuation, up from $1B after raising $300M in 2021, and adds a former Intel exec as COO (Anne VanderMey/Bloomberg)
By Anne VanderMey / Bloomberg. View the full context on Techmeme.
💰 + 🍪 Hiring a former Intel executive around the time of a Series D for a Language Processing Unit (LPU) company is an intriguing play and speaks to the growing interest in development of alternatives to NVIDIA.
🤪 Wacky Wednesday for 2024-08-07
Explore the wild and wacky world of shared links from online Slack communities.
One unique thing about online Slack Communities is the use of #random channel. Sometimes you come across some real gems.
Each week I go through dozens of Slack communities and select the most interesting shared links found. This will be a safe for work list.
Join me in this collection of what is being shared that is wow, wild, wtf, and wacky each Wednesday.
Giant pigeon to perch atop New York City’s High Line | CNN
The 16ft-tall hyper-realistic bird by artist Iván Argote will perch atop the Tenth Avenue plinth on the city’s famed High Line come October.
The Rory Gilmore Reading Challenge
Over the course of seven seasons of Gilmore Girls, Rory Gilmore was seen reading 339 books on screen. How many have you read? From
What does it mean that hundreds of thousands of players are clicking on a banana? - Sherwood News
Clicker games are the inevitable end-point of the rise of bots and microtransactions...
Mel Brooks Nearly Convinced John Wayne to Star in ‘Blazing Saddles’ | Cracked.com
The Duke thought he was too good for fart jokes, apparently
Giant pangolin rediscovered in Senegal
The field team photographed the giant pangolin for the first time since 1967.
Dgar: "" - Aus.Social
Attached: 1 image
The Un-Brie-Lievable History of Tyromancy | Saveur
This fortune-telling practice uses cheese to predict everything from your future spouse to your next career move.
🔙 Throwback Thursday for 2024-08-08
Throwback Thursday is based upon the classic Fudge Sunday Weekly newsletter sections for "Shot and Chaser". Basically, this is a look back at a prior prediction or past news coverage and how that worked out in the present.
Past examples of "Shot and Chaser" included embedding tweets. However, as I come across tweets in my newsletter archive, I find the change in Twitter ownership, removed URLs (link rot), and transitions between newsletter platforms rendered this content difficult or, sadly, impossible to follow.
Thankfully, there is Techmeme. Techmeme is pretty great at historical views.
For example, if you were to look back a ten years ago, you’d probably have been wondering how many Google device related headlines there would be.
Over a decade ago, Google entered the consumer hardware business.
Techmeme: Google introduces Chromecast, a $35 HDMI streaming solution for televisions (video) (Ben Gilbert/Engadget)
This story, by Ben Gilbert / Engadget, appeared on Techmeme.
This week, that entry has exited.
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Techmeme: Google says it stopped making the Chromecast due to intense competition, pivoting to a premium device, and views the Nvidia Shield as something to strive toward (Chris Welch/The Verge)
By Chris Welch / The Verge. View the full context on Techmeme.
✅ Final Thoughts Friday for 2024-08-09
Looking back at the week with an eye to the future.
As a reminder, I’ve committed to four events for the remainder of this year. I’ve also submitted a final version of a panel to PanelPicker for SXSW 2025 voting but I won’t be speaking on a panel but might submit a solo talk — maybe.
AI Field Day 5 in Silicon Valley September 11-12, 2024 for Tech Field Day
Monktoberfest in Portland October 2-4, 2024
Cloud Field Day 21 in Silicon Valley October 23-24, 2024 for Tech Field Day
All Things Open in Raleigh October 27-29, 2024 for CLS
SXSW in Austin March 7 - 15, 2025
Speaking of SXSW, I’m organizing an awesome panel with amazing speakers on an amazing topic. I’d appreciate you voting (registering to vote is free) for this panel.
Jay Cuthrell on LinkedIn: Senior Savoir-Faire: The Fiercely Agentic Meet Agentic AI
Please vote! An amazing #SXSW2025 #panel featuring Marian Newsome Gina Rosenthal Phaedra Boinodiris Smiti Sharma
🙏 Your votes ⬆️ and comments 💬 are…
This month, fudge.org Google Adsense is live. I’m excited to go deep into our increasingly connected world with “Fudge Factor”.
Increasingly Connected (2024) by Jay Cuthrell
A look at my next newsletter on our increasingly connected world
Fudge Factor (2024) by Jay Cuthrell
First edition of my new newsletter on our increasingly connected world
🔮 Sneak Peak Saturday for 2024-08-10
Unveiling overlooked tech news with a sprinkle of satire.
Peak 🏔️ vs. Peek 👀
Yes, a play on words. By Friday, everything seems to be reaching the peak of getting news turned in before a deadline or dread-line.
Why Sneak Peak?
It sometimes seems like we reach a fever pitch in news coverage throughout the week. Then there is a trope, cliché, or bromide about slow news days and the quietly mentioned news updates sent on a Friday — to try and sneak it past wider coverage. Or, in a nutshell, peak patronizing publishing.
In that spirit, here are a few stories that you might have missed on the slow news of a Friday.
Insert Let's See Who This Really Is Meme
Techmeme: IOActive researchers detail “Sinkclose”, a vulnerability in almost all AMD chips dating back to 2006 that allows attackers to run code in System Management Mode (Andy Greenberg/Wired)
By Andy Greenberg / Wired. View the full context on Techmeme.
Insert Ceiling Cat Meme
Techmeme: A researcher shows five proof-of-concept ways that Copilot can be manipulated by attackers, including turning it into an automatic spear-phishing machine (Matt Burgess/Wired)
By Matt Burgess / Wired. View the full context on Techmeme.
Insert We're All Trying To Find The Guy Who Did This Meme
Techmeme: Former Twitter board member Omid Kordestani, who helped oversee the sale of the company to Elon Musk, sues X for failing to cash out $20M+ worth of stock (Kate Conger/New York Times)
By Kate Conger / New York Times. View the full context on Techmeme.
Insert That Wasn't Me, That Was Patricia Meme
Techmeme: The Irish Data Protection Commission says X has agreed to pause training Grok using millions of Europeans' public posts it collected between May 7 and August 1 (Clothilde Goujard/Politico)
By Clothilde Goujard / Politico. View the full context on Techmeme.
Insert Anthony Adams Rubbing Hands Meme
Techmeme: A look at the US' Chips and Science Act two years after its enactment on August 9, 2022, as the Biden administration nearly finishes divvying up $39B in grants (Mackenzie Hawkins/Bloomberg)
By Mackenzie Hawkins / Bloomberg. View the full context on Techmeme.
Note: Some images via Unsplash
Disclosure
I am linking to my disclosure.
Cuthrell Consulting LLCAttn: Jay Cuthrell1903 Live Oak St #92Beaufort, NC 28516-0092
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