🌶️ Hot Fudge Sunday for 2024-10-06
This week's digest covers market insights, tech funding, and quirky links from the web.
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.)
🙏 A big thank you to our sponsors. 🙏
(Scroll to the end…)
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.
Hot Fudge Daily Digest
📈 Markets Monday for 2024-09-30
Reading Recommendation
The GenAI market can be hard to keep up with and if you aren’t reading GAI Insights, you should be. As for why, the writer behind GAI Insights is Paul Baier .
Quick Recap
For Market Monday, I look at the same key indicator that I take from a simple Yahoo Finance webpage each week. It’s how I look at things at the closing bell on Monday.
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 when the market is moving and a smaller handful of companies when the market is not moving as much.
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 2024-10-01
Two hot takes on the two stories caught my eye on Tuesday.
💰 + 🤖 When I see $500M participation in an (allegedly) oversubscribed $6.5B raise… it tells me that there might be someone else that decided not to participate.
Techmeme: Source: SoftBank's Vision Fund has agreed to invest $500M in OpenAI's latest funding round, SoftBank's first investment in OpenAI, which is raising $6.5B (The Information)
From The Information. View the full context on Techmeme.
[ meanwhile… ]
💸 + 🍎 Indeed. Someone else (allegedly) decided not to participate.
Techmeme: Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B (Wall Street Journal)
From Wall Street Journal. View the full context on Techmeme.
🤪 Wacky Wednesday for 2024-10-02
Each Wednesday I go through dozens of Slack communities.
I then select the most interesting shared links.
This will always be a safe for work list. 🙈
Jed Schmidt: "excited for the future of on-device AI." - Mastodon
Attached: 1 image excited for the future of on-device AI.
Cabel Sasser: "scan the QR cod………… SCAN THE QR COD!!" - Panic Social
Attached: 1 image scan the QR cod………… SCAN THE QR COD!!
Mysterious white substance smeared on 3,600-year-old mummies is world's oldest cheese | Live Science
When researchers tested a mysterious substance on the heads and necks of ancient mummies found in China's Tarim Basin, they discovered that it was the world's oldest cheese.
Bacteria are talking | Hub
Molecular biologist Bonnie Bassler, A&S '90 (PhD), discovered that bacteria communicate using a complex chemical language.
Can Archaeology Dogs Smell Ancient Time? – SAPIENS
Researchers show that with proper training, dogs can help scholars discover human and animal remains from bygone centuries.
🔙 Throwback Thursday for 2024-10-03
21 years ago, WordPress was released and would go on to power hundreds of millions of websites. In fact, WordPress powered my own blog(s) and personal websites for many years before I migrated to headless CMS alternatives.
WordPress - Wikipedia
In the years since, WordPress usage has grown considerably as has Automattic, the company behind WordPress.com and other related companies offering WordPress services. And lately… things are getting a bit more dramatic.
Techmeme: WP Engine files a lawsuit in California against Automattic and WordPress co-founder Matt Mullenweg, accusing them of “abuse of power, extortion, and greed” (Ivan Mehta/TechCrunch)
By Ivan Mehta / TechCrunch. View the full context on Techmeme.
✅ Final Thoughts Friday for 2024-10-04
Travel changes this week mean I am still updating my AI Field Day 5 delegate notes that sit in my drafts pile to be published. Due to the travel changes, I also missed out on Monktoberfest (again!) but I am thankful for the amazing organizers that helped me find a way to give back in my absence.
Two big numbers stories that caught me eye this week:
For perspective, 3.8 Tbps is Terabits per second per second (i.e. trillions)… and is equivalent of fully saturating a 32 port 100G Ethernet LAN switch with traffic… and then adding even more traffic on top… but now, imagine that traffic flowing over the Internet to one place every second. My math might be off but that’s like sending two dozen compressed text copies of Wikipedia… every second… or if you double-side printed the compressed text copies of Wikipedia as wartime payload… that would be like three Iowa-class battleships firing those Wikipedias — every second. 🤯
I’ve written about Poolside before and $500M is a staggering Series B raise for the very precise focus their leadership has shared publicly. 🤯
Techmeme: Cloudflare says it stopped a month long DDoS campaign targeting orgs in financial services, internet, and telecommunications sectors, that peaked at 3.8Tbps (Ionut Ilascu/BleepingComputer)
By Ionut Ilascu / BleepingComputer. View the full context on Techmeme.
Techmeme: Poolside, which is building AI-assisted software development tools, raised a $500M Series B led by Bain Capital Ventures, reportedly at a $3B valuation (Bloomberg)
From Bloomberg. View the full context on Techmeme.
🔮 Sneak Peak Saturday for 2024-10-05
By Friday, everything seems to be reaching the peak of getting news turned in before a deadline or dread-line. It sometimes seems like we reach a fever pitch in news coverage throughout the week.
Peak 🏔️ vs. Peek 👀
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: As Mark Zuckerberg aims to be politically “neutral”, some argue he's placating critics like Trump; source: Nick Clegg now makes most election policy decisions (Hannah Murphy/Financial Times)
By Hannah Murphy / Financial Times. View the full context on Techmeme.
Insert Ceiling Cat Meme
Techmeme: Sources: China-linked “Salt Typhoon” hacking campaign potentially accessed US wiretap systems after breaching networks of US ISPs like Verizon, AT&T, and Lumen (Wall Street Journal)
From Wall Street Journal. View the full context on Techmeme.
Insert We're All Trying To Find The Guy Who Did This Meme
Techmeme: Matt Mullenweg says 159 Automattic employees, or ~8.4% of staff, took “generous” severance after disagreeing with WordPress' direction and handling of WP Engine (Ivan Mehta/TechCrunch)
By Ivan Mehta / TechCrunch. View the full context on Techmeme.
Insert That Wasn't Me, That Was Patricia Meme
Techmeme: A postmortem of HyperWrite's Reflection 70B model blames “a bug in the initial code for benchmarking”, after evaluators couldn't reproduce some claimed results (Carl Franzen/VentureBeat)
By Carl Franzen / VentureBeat. View the full context on Techmeme.
Insert Anthony Adams Rubbing Hands Meme
Techmeme: Ben Horowitz says he and his wife plan to make a “significant” personal donation to Kamala Harris' campaign; Horowitz and Marc Andreessen endorsed Trump in July (Dan Primack/Axios)
By Dan Primack / Axios. 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
To learn about sponsorship opportunities, contact us. 🤓
This section of the newsletter is meant to fund the services stack that enables readership growth and continue free editions to be published each week.
And now, a word from our sponsors
Note: This pseudo-randomized sponsored portion of the newsletter contains referral links that may financially benefit this newsletter.
New sponsors!
NexusTek
Is your AWS environment operating at its full potential? You could get an AWS environment assessment worth $5,000 that uncovers opportunities to optimize performance, enhance security, and reduce costs. Our readers can get an AWS environment assessment for FREE! Check out NexusTek’s AWS Well-Architected Review!
GuestLab
Are you a podcaster looking for your own AI research assistant to generate personalized intros, interesting topics, and insightful questions for your guests? Check out GuestLab!
Google Workspace
If you are looking for essential tools to run your business, I use and recommend Google Workspace. Our readers can get a promotion code for 10% off per user on your first year of Google Workspace by replying to this email.
Buttondown
If you're looking for a great newsletter platform, I use and recommend Buttondown. Our readers can get $9 off your first month of Buttondown.
Linode
If you are looking for a reliable virtual private server with simple cloud billing math, I use and recommend Akamai Linode. Our readers can get a $100, 60-day credit on Akamai Linode.
⚠️ This content is not legal or financial advice. ⚠️